Recycled Plastics Market Size, Top key Players, Emerging Trends And Report By 2033 | |
The Recycled Plastics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033). Learn More On The Recycled Plastics Market: https://www.thebusinessresearchcompany.com/report/recycled-plastics-global-market-report As per The Business Research Company's 2024 Recycled Plastics Global Market Report, the recycled plastics sector has experienced consistent growth, expanding from $52.03 billion in 2024 to $54.52 billion, reflecting a 4.8% Compound Annual Growth Rate (CAGR). The historical surge is attributable to heightened environmental consciousness, stringent governmental regulations, e-waste recycling, consumer demands, and an emphasis on sustainable supply chains. Anticipated trends foresee a continued upward trajectory, with the market size projected to reach $65.65 billion by 2028, sustaining a 4.8% CAGR. The forecasted surge is propelled by circular economy initiatives, corporate sustainability objectives, plastic waste reduction strategies, the emergence of bioplastics and hybrid materials, and a focus on sustainable packaging. Key trends in this period encompass advanced recycling technologies, eco-friendly packaging solutions, plastic-to-fuel conversion processes, e-waste recycling advancements, and a burgeoning interest in sustainable fashion. Get A Free Sample Of The Report (Includes Graphs And Tables): https://www.thebusinessresearchcompany.com/sample.aspx?id=7728&type=smp The recycled plastics market covered in this report is segmented – 1) By Type: Polyethylene Terephthalate, Polyvinyl Chloride, Polyethylene, Polypropylene, Polystyrene, Other Types 2) By Source: Plastic Bottles, Plastic Films, Plastic Foams, Plastic Fibers, Other Sources 3) By Application: Packaging, Textile, Automotive, Building And Construction, Electrical And Electronics, Other Applications One noteworthy trend influencing the recycled plastics landscape is the infusion of technological advancements. Major industry players are committed to innovating new technological solutions to fortify their market positions. An illustrative example is Sumitomo Chemical Co., Ltd., a Japan-based chemical company, which, in September 2021, unveiled MeguriTM, a novel brand encompassing plastic products derived through cutting-edge recycling technologies. MeguriTM represents a diverse range of recycled plastic items, employing chemical and material recycling techniques, encompassing acrylic resin (PMMA, poly-methyl-methacrylate), polyethylene, and polypropylene. This initiative mirrors Sumitomo Chemical's founding commitment to address societal challenges through business activities, embodying a circular economy for resources, people, and a return to the source. The recycled plastics market report table of contents includes: 1. Executive Summary 2. Recycled Plastics Market Characteristics 3. Recycled Plastics Market Trends And Strategies 4. Recycled Plastics Market - Macro Economic Scenario 5. Global Recycled Plastics Market Size and Growth ..... 31. Global Recycled Plastics Market Competitive Benchmarking 32. Global Recycled Plastics Market Competitive Dashboard 33. Key Mergers And Acquisitions In The Recycled Plastics Market 34. Recycled Plastics Market Future Outlook and Potential Analysis 35. Appendix | |
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