Groundbreaking Study Reveals the Potential Growth of the Recycled Plastics Industry 2023-2030

 Recycled Plastics Industry Data Book | Forecast 2030

Recycled Plastics Industry Data Book - Recycled Polyethylene, Recycled Polyethylene Terephthalate (rPET), Recycled Polypropylene, Recycled Polyvinyl Chloride (PVC) and Recycled Polystyrene Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030

Grand View Research’s recycled plastics sector data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

 

Access the Global Recycled Plastics Industry Data Book, 2022 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies


Recycled Polyethylene Terephthalate Market Report Highlights

The global recycled polyethylene terephthalate market size is expected to reach USD 18.46 billion by 2030, expanding at a 9.2% CAGR from 2023 to 2030.

  • In terms of revenue and volume, Asia-Pacific led the recycled polyethylene terephthalate market in 2022 and is expected to grow at a CAGR of 9.7% over the forecast period

 

  • The clear segment dominated the market in 2022 and is predicted to become the largest segment of the global (rPET) market over the forecast period. Low energy demands and the convenience of bottle-to-bottle recycling are expected to boost the recycled PET industry over the forecast period

 

  • The food & beverage containers and bottles segment dominated the market in 2022 and is expected to grow at the fastest CAGR of 9.8% over the forecast period

 

  • North America is expected to grow at the highest CAGR of 9.9% over the forecast period due to the presence of numerous key end-use sectors such as FMCG, consumer goods, clothing & textile, automobiles, and packaging in the region

 

Order your copy of the Free Sample of “Recycled Plastics Industry Data Book - Recycled Polyethylene, Recycled Polyethylene Terephthalate (rPET), Recycled Polypropylene, Recycled Polyvinyl Chloride (PVC) and Recycled Polystyrene Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

 

Recycled Polyvinyl Chloride Market Report Highlights

 

The Recycled Polystyrene Market size was valued at USD 6.25 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030.

 

  • Singapore dominated the overall Southeast Asia recycled PVC market. The Government of Singapore aims at increasing the utilization percentage of recycled PVC in various applications in the country. This factor is likely to drive market growth

 

  • Post - industrial recycled PVC was estimated to be the largest product segment in 2021 and is also anticipated to dominate the market over the forecast period

 

  • The growing demand for PVC in healthcare, containers, and pipes manufacturing applications is expected to generate PVC scraps during manufacturing and finishing operations which can fuel the demand for post - industrial recycled polyvinyl chloride market over the forecast period

 

  • In January 2022, SUEZ Water Technologies & Solutions was awarded a contract by VinyThai Public Company Limited to design and build water treatment, wastewater recycle, and waste recovery systems. The package will consist of a filter press for biological waste and polyvinyl chloride (PVC) waste, ZeeWeed - 500D Membrane Bioreactor, PROFlex - Brackish Water Reverse Osmosis system, and SUEZ’s Poseidon - Dissolved Air Flotation System. Since VinyThai Public Company Limited is involved in the manufacturing of PVC resins, the recycling technology of SUEZ can help the company in the manufacturing of recycled PVC

 

Go through the table of content of Recycled Plastics Industry Data Book to get a better understanding of the Coverage & Scope of the study

 

Competitive Insights

The global recycled plastics market is fragmented in nature with the presence of various players, such as Biffa, Placon, Clear Path Recycling LLC, Verdeco Recycling, Inc., Indorama Ventures Public Ltd., Zhejiang Anshun Pettechs Fibre Co., Ltd., PolyQuest, Evergreen Plastics, Inc., Phoenix Technologies, and Libolon, as well as various medium and small regional and country-level players, operating in different parts of the world. The global players face intense competition from each other and regional players with strong distribution networks and good knowledge about suppliers and regulations.

 

Expanding application areas within the packaging, construction, agriculture, and consumer goods, among other industries, are anticipated to offer growth opportunities for crucial and small and medium market players. In addition, regional players know local competition and recycled plastics demand, which gives them a competitive edge over other players. Therefore, the market players are focusing on strengthening their market positions in the emerging markets of Asia Pacific and Europe through different geographical expansion strategies.

 

  • On February 15, 2023, NOVA Chemicals Corporation established NOVA Circular Solutions, a new line of business focusing on lower-emission, recycled solutions that will help reshape a better, more sustainable world. NOVA Circular Solutions will be home to the SYNDIGOTM brand’s newest recycled polyethylene (Rpe) portfolio.

 

  • In December 2022, ExxonMobil launched one of the most extensive advanced recycling facilities in Baytown, Texas, U.S. The facility at the company’s integrated manufacturing complex uses proprietary technology to break down hard-to-recycle plastics and transform them into raw materials for new products. It can process more than 80 million pounds of plastic waste annually, supporting a circular economy for post-use plastics and helping divert plastic waste currently sent to landfills.

 

Check out more Industry Data Books, published by Grand View Research


About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

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