Recycled Plastics Market Size and Growth Analysis Report 2020

1. Market Overview: Plastic has become a critical environmental problem, and with increasing awareness, the call for recycling plastic is finding speed. Though widely spread, the global recycled plastic market is majorly segmented owing to the presence of numerous unorganized and small players in underdeveloped countries. With the massive potential for expansion, many global brands are looking to enter fast-developing regions of the worldwide plastic recycling market. The recycled plastics market is a developing market with an average CAGR of 6.5% throughout the review period. In 2020, the global recycled plastics market was worth 39.47 billion USD, and it is expected to reach USD 54 billion by 2025. Market drivers and restraints: Increasing public awareness regarding environmental problems and numerous government stars to recycle used plastics is the primary market driver. Fast urbanization in the Asia Pacific region, together with more disposable income has resulted in the individuals purchasing more products that are made up of recycled plastics. The recent development in technologies allows recycled plastic materials to be employed in the production of various goods like plastic bottles, bin liners, carrier bags, etc. To know more, click on the link below: https://www.marketdataforecast.com/market-reports/recycled-plastics-market Report segmented as: By material: polyethylene terephthalate (PET) high-density polyethylene (HDPE) low-density polyethylene (LDPE) polypropylene (PP) others By recycling process: mechanical chemical By application: packaging construction textile automotive others Geographical analysis:

2. Asia-Pacific is known to be with fast economic development, rising population, and different policies and regulations to support environmental protection and waste management. China has been the receiving hub of plastic waste from across the globe and has been termed as the leader among in scrap customers. With increasing awareness and good economic health in Asia-Pacific, there is seen a strong set of framework for waste management. Important market players: Some of the important players in the plastic recycling market include B & B plastics incorporation, B. Schoenberg & corporation, PARC corporation, Omni resource recovery, Custom polymers incorporation, United plastic recycling, Coll materials/nicos polymers, Maine plastics incorporation, Norwich plastics, APC recycling, NAM polymers etc. View a sample and decide: https://www.marketdataforecast.com/market-reports/recycled-plastics-market/request- sample The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/