Recycled Plastics Market Projected to Reach 50.36 Billion USD by 2022

1. MarketsandMarkets Presents Recycled Plastics Market Projected to Reach 50.36 Billion USD by 2022 https://www.marketsandmarkets.com/Market-Reports/recycled-plastic-market-115486722.html

2. The report "Recycled Plastics Market by Source (Bottles, Films, Fibers, Foams), Type (PET, PE, PP, PVC, PS), End-Use Industry (Packaging, Building & Construction, Textiles, Automotive, Electrical & Electronics) and Region - Global Forecast to 2022", The global recycled plastics market is estimated at USD 36.93 Billion in 2017 and is projected to reach USD 50.36 Billion by 2022, at a CAGR of 6.4% between 2017 and 2022. Browse 87 market data Tables and 50 Figures spread through 144 Pages and in-depth TOC on "Recycled Plastics Market - Global Forecast to 2022“ Request FREE PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=115486722 Major Market Developments: In November 2017, SUEZ and LyondellBasell (US) signed a joint venture agreement focusing on the production of high-quality circular polymers. Under the terms of the agreement, both the companies will be a 50/50 stakeholder of QCP3 (Netherlands), which is a high standard plastics recovering company. The company produces PP and HDPE recycled plastics In July 2017, Suez started a joint venture with Kempenaars Recycling (Netherlands). The new company is known as SK Polymers and was found in a bid to find a better way to recycle hard plastics. In November 2016, Plastipak Packaging acquired the business assets of Evolve Polymers (UK), one of Europe’s leading plastics recyclers from Aurelius Equity Opportunities. They have a processing capacity of 6-9 billion PET bottles into food-grade flake and pellets and polypropylene and polyethylene flake. https://www.marketsandmarkets.com/Market-Reports/recycled-plastic-market-115486722.html

3. Scope of the Report: • This research report categorizes the global recycled plastics market based on source, type, end-use industry, and region, and forecasts revenue growth and provides an analysis of trends in each of the submarkets. • Recycled Plastics Market, Based on Source: • Bottles • Films • Fibers • Foams • Others (auto parts, electrical goods, furniture, etc.) • Recycled Plastics Market, Based on Type: • Polyethylene Terephthalate (PET) • Polyethylene (PE) • Polypropylene (PP) • Polyvinyl Chloride (PVC) • Polystyrene (PS) • Others (polyamide, polycarbonate, acrylonitrile-butadiene, styrene, and other plastics under SPI code 7) • Recycled Plastics Market, By Region: • APAC • North America • Europe • South America • Middle East & Africa https://www.marketsandmarkets.com/Market-Reports/recycled-plastic-market-115486722.html

4. Industry Insights: The global recycled plastics market is estimated at USD 36.93 billion in 2017 and is projected to reach USD 50.36 billion by 2022, at a CAGR of 6.4% between 2017 and 2022. The market is witnessing growth due to the increasing awareness regarding the use of recycled plastics due to their environmental benefits such as energy savings over virgin plastics. Low cost and increasing use in industries such as packaging, automotive, electrical & electronics, and textiles will further accelerate the growth of the recycled plastics market. Recycled plastics are reprocessed from waste or scrap plastics. These plastics are made into functional materials that are sometimes different from their original states. These plastics are a part of the major global initiatives to reduce pollution caused by virgin plastics. The major goals of recycling plastics include prevention of pollution caused by the disposal of plastics, reduction in usage of virgin plastic products, and conservation of energy. Request FREE Sample Pages: https://www.marketsandmarkets.com/requestsample.asp?id=115486722 Based on source, bottles was estimated to be the largest segment in 2017. Used bottles are the most easily collectible source as there is an organized network of sorting and collection post-consumer use. This drives the growth of the bottles segment. Based on type, Polyethylene Terephthalate (PET) was the largest segment of the global recycled plastics market in 2017. The large market size of PET is due to its easy recyclability and ease of collection in the form of PET bottles. This resin is also relatively cheaper, which further contributes in making PET the largest segment by type. https://www.marketsandmarkets.com/Market-Reports/recycled-plastic-market-115486722.html

5. Industry Leaders: Major recycled plastics producers, such as Veolia (France), Suez (France), KW Plastics (US), Jayplas (UK), B. Schoenberg & Co. (US), B&B Plastics (US), Green Line Polymers (US), Clear Path Recycling (US), Custom Polymers (US), and Plastipak Holdings (US) are covered in the report. For more Info Visit Our Blog @ https://chemicalsresearchmarket.wordpress.com/Blog Geographical Scenario: Asia Pacific was estimated to be the largest market for recycled plastics in 2017. The region’s flourishing manufacturing sector, ample availability of labor, competitive cost base, and increasing consumer demand are expected to drive the industrialization in the region. Several industries use plastics for many applications and therefore, industrialization, in turn, would drive the demand for recycled plastics in the region as they provide a cost advantage over virgin plastics. https://www.marketsandmarkets.com/Market-Reports/recycled-plastic-market-115486722.html

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