PUNE, India, April 19, 2018 /PRNewswire/ —
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″ published by MarketsandMarkets™, the global 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
Early buyers will receive 10% customization on this report.
The market is witnessing growth due to the growing awareness regarding the environmental benefits provided by recycled plastics over virgin plastics. Moreover, the energy consumed in recycling plastics is less than that of virgin plastics, which is further driving the demand for recycled plastics in many applications.
Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=115486722
Bottles: The largest source of recycled plastics
Bottles was estimated to be the largest segment of the Recycled Plastics Market, by source in 2017. Plastic bottles, especially PET bottles, are the most commonly-recycled post-consumer plastics due to a well-established collection network for these bottles.
Polyethylene Terephthalate: The largest type in the Recycled Plastics Market
Polyethylene Terephthalate (PET) was estimated to be the largest segment of the Recycled Plastics Market, by type in 2017. PET plastics are 100% recyclable, easy to recycle, and have a lower cost, which makes them an attractive plastic material to recycle.
Packaging: The largest end-use industry of recycled plastics
Packaging was the largest segment of the Recycled Plastics Market, by end-use industry in 2017. The segment’s largest share can be attributed to the use of recycled plastics in many applications in the packaging industry such as bottles, bags, foam protective packaging, and cartons, among others.
Asia Pacific: The largest Recycled Plastics Market
The Asia Pacific region was the largest market for recycled plastics, in terms of value and volume, in 2017. The large market size of the Asia Pacific region is due to increasing industrialization in the region and the increasing use of cheaper substitutes of virgin plastics in the form of recycled plastics in growing end-use industries.
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.
Know more about Recycled Plastics Market Research Report:
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
Visit Our Blog @ https://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
To post and circulate your own press release on FIR and the eTN Network please click here