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Plastic Recycling Market is Expected to Reach USD 53.72 Billion by 2023
Sep 14, 2017 (AB Digital via COMTEX) --

Market Highlights:

Plastic recycling means reprocessing the scrap or waste plastic material into useful products. Plastics are inexpensive, lightweight and durable materials, which can readily be molded into a variety of products with a wide range of applications. Recycling of plastics is cost effective. A large amount of crude oil is required to make the production of virgin plastics, which is considerably expensive than recycling plastics. This has the positive influence on the plastic recycling market.

The global plastic recycling market is projected to grow at a CAGR of 6.5% from 2017 to 2023, to reach the market size of USD 53.72 billion by 2023.

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Key Players of Plastic Recycling Market:

Market Research Analysis: 

On the basis of regions, the global plastic recycling market is segmented as North America, Europe, Asia-Pacific and RoW. Asia-Pacific region dominates the plastic recycling market. The demand of plastic recycling market in Asia-Pacific region is driven by the factors such as availability of cheap labors and relatively lenient governmental regulations. This region is expected to grow at the fastest pace during the forecast period.

Europe is another major market of plastic recycling mainly due to various environment protection laws and initiatives. North America is a major consumer of plastics. However, the recycling rateof this region is significantly low due to high dependence on Asia for plastic waste disposal.

Brief TOC:

1 Executive Summary

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Scope of the Report:

This study provides an overview of the global plastic recycling market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global plastic recycling market as material, recycling process and application.

By Material

By Recycling Process

By Application

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About Market Research Future:

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.



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