December 8, 2021 10:39 EST | Source: Research Nester Research Nester
New York, New York, United States
New York, December 8, 2021 (Global News Agency)-According to the statistics of the United Nations Environment Programme (UNEP), since the early 1950s, more than 8.3 billion tons of plastics have been produced, of which about 60% have entered the natural environment or Landfill. On the other hand, according to the statistics of the International Plastic Ocean Organization, 10 million tons of plastic are dumped in the ocean every year. Statistics also show that 1 million marine animals die every year due to plastic pollution.
Research Nester has added a report on the topic of "Global Recycled Plastics Market" to its market research report library, which focuses on the forecast period, 2021-2028. The report includes a brief analysis of the major operators in the market, as well as their latest developments. The report also focuses on the latest market trends, as well as the opportunities and drivers that are expected to drive market growth during the forecast period.
Plastic pollution is a major problem worldwide. According to statistics from the Plastic Soup Foundation, the total amount of plastic waste generated in the United States in 2016 was 42 million tons. In addition, India, China and Brazil recorded 26.3, 21.6 and 10.7 million metric tons respectively in the same year. The growing concern about plastic pollution can also be attributed to the increasing use of disposable plastics. According to statistics from the Ocean Crusader Foundation, about 500 billion disposable plastic bags are used by shoppers worldwide every year. Due to the growing concern about plastic pollution and the growing demand for plastics from end users, the demand for plastic recycling is growing significantly, which is expected to drive the growth of the global recycled plastics market during the forecast period. The market received 36.186 billion U.S. dollars in revenue in 2019 and is expected to reach 45.748 billion U.S. dollars by the end of 2028, growing at a compound annual growth rate of 4.5% during the forecast period.
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The global recycled plastics market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa by region. Among them, the Asia-Pacific market is expected to occupy the highest market share throughout the forecast period. It is estimated that by the end of 2028, the market in this region will also receive the largest market revenue of 22.097.8 billion U.S. dollars, which is higher than the 16.643 billion U.S. dollars in 2019. The market in this region is also expected to grow at the highest compound annual growth rate of 5% during the forecast period. The market in this region is divided by country into India, China, Vietnam, South Korea, Japan, Singapore, Australia and other regions in Asia Pacific. Among them, the Chinese market is expected to occupy the largest market share in the entire forecast period, and will further touch a market revenue of 4.428.4 billion U.S. dollars by the end of 2028, which is higher than the 3.5567 billion U.S. dollars in 2019. Or, it is estimated that by 2028, the Singapore market will occupy the second largest share and further touch the revenue of 4,198.6 million U.S. dollars, which is higher than 2,869.4 million U.S. dollars in 2019. The Singapore market is also expected to grow at the highest compound annual growth rate of 6.1% during the forecast period.
On the other hand, it is estimated that by the end of 2028, the European market will occupy the second largest market share, with touch revenue of 8.131.8 billion U.S. dollars. By the end of 2021, the regional market is expected to further reach 6.0598 billion US dollars. The regional market is divided into the United Kingdom, Germany, Italy, France, Spain, Russia, the Netherlands and other European regions by country. Outside of the markets of these countries, the German market had the largest market revenue in 2019 at US$1.6585 billion and is expected to maintain the highest market share throughout the forecast period. By the end of 2028, the largest revenue in the country's market is also expected to reach 1.871.1 billion U.S. dollars. In addition, the Dutch market is expected to grow at the highest compound annual growth rate of 4.8% during the forecast period.
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The study further included North America (U.S., Canada), Latin America (Brazil, Mexico, Argentina, other parts of Latin America), Europe (UK, Germany, France, Italy, Spain, Hungary, Benelux [Belgium, Netherlands, Luxembourg] ], Northern Europe [Norway, Denmark, Sweden, Finland], Poland, Russia, rest of Europe), Asia Pacific (China, India, Japan, Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, other Asia Pacific), Middle East and Africa (Israel, Gulf Cooperation Council [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Middle East and other parts of Africa)).
The global recycled plastics market is divided into bottles, foldable and squeezable tubes, films, polymer foams, bags, lids and lids according to plastic types. Among these market segments, the bottle segment is expected to gain the highest market share throughout the forecast period. By the end of 2028, market revenue will further reach 18.270.1 billion U.S. dollars, higher than the 12.840.9 billion U.S. dollars in 2019. This market segment is expected to grow at the highest compound annual growth rate of 5.9% during the forecast period. In the Asia-Pacific region, this sector has the highest revenue in 2019 at US$5.9684 billion, and is expected to further reach US$9,179.4 million in 2028. The sector in this region is expected to grow at the highest compound annual growth rate of 6.7% during the forecast period. In addition, in China, this segment is expected to receive the largest market revenue of US$1.7116 billion by the end of 2028. By 2021, this segment is expected to reach US$1.1902 million. During the forecast period, China's bottle segment is also expected to grow at the highest compound annual growth rate of 5.3%.
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In Europe, the bottle segment is expected to occupy the largest market share throughout the forecast period. In 2019, the market segment revenue in this region reached 2.48 billion U.S. dollars and is expected to reach 3.126.7 billion U.S. dollars by 2028. This segment is expected to grow at the highest compound annual growth rate of 5.3% during the forecast period. Among the countries in the region, in Germany, the bottle segment is expected to receive the largest market revenue of US$521.8 million in 2021 and occupy the highest market share throughout the forecast period.
The global recycled plastics market is also subdivided into construction and construction, personal care and cosmetics, food and beverages, electrical and electronics, automobiles, textiles, etc. according to end use. Among these segments, the food and beverage segment is expected to receive the largest market revenue of US$10,688.5 million by the end of 2028, up from US$7.9877 million in 2019, and will grow at the highest compound annual growth rate of 5.2% during the forecast period. In addition, the North American segment achieved the largest market revenue of US$1.0082 billion in 2019 and is expected to maintain the highest market share throughout the forecast period. By the end of 2028, the market segment in this region is also expected to reach 1.191 billion U.S. dollars in revenue. On the other hand, the North American building and construction segment is expected to grow at the highest compound annual growth rate of 5%. Forecast period. In addition, in the United States, this segment is expected to receive the largest market revenue of US$879.1 million in 2021, and further grow at a CAGR of 4.2% during the forecast period. On the other hand, the building and construction sector is expected to grow at the highest compound annual growth rate of 5.2% during the country’s forecast period. ,
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In addition, in the Asia-Pacific region, this sector achieved the largest market revenue of US$3.6682 billion in 2019 and is expected to continue to maintain this position during the forecast period, reaching US$5.2107 billion by 2028. In addition, the construction and construction sector is expected to grow at a compound annual growth rate of up to 6% during the forecast period. In addition, in China, it is estimated that by 2028, the food and beverage sector will receive the largest market revenue of US$1.0407 billion, up from US$786 million in 2019.
The global recycled plastics market is also segmented according to resin, waste and recycling processes.
Global recycled plastics market, segmented by resin
Global recycled plastics market, segmented by waste
Global recycled plastics market, segmented by recycling process
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Some of the well-known industry leaders in the global recycled plastics market included in our report are Veolia Environmental SA, Suez SA, Imerys SA, Plastipak Holdings, Inc., DS Smith Plc, Polindo Utama, B. Schoenberg & Co., Inc. . ., Advanced Drainage Systems, Inc. (Green Line Polymer), KW Plastics, etc.
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