Material efficiency

Worldwide Recycled Plastics Markets to 2024: Focus on PET, HDPE, PP, LDPE, and Others

Retrieved on: 
Wednesday, July 10, 2019
Water conservation, Articles, Universe, Nature, Energy conversion, Recycling, Plastic recycling, Plastic, Material efficiency

This report provides a deep insight into the global recycled plastics market covering all its essential aspects.

Key Points: 
  • This report provides a deep insight into the global recycled plastics market covering all its essential aspects.
  • These measures by governments in various countries and states are expected to further facilitate the growth of the recycled plastics market.
  • In this context, higher manufacturing cost of virgin resins has necessitated the use of recycled plastic products, thereby bolstering the growth of the global recycled plastics market.
  • On a geographical front, North America enjoys a leading position in the global recycled plastics market on account of ascending demand for recycled plastics.

Recycled Plastics Market - Global Forecast to 2022

Retrieved on: 
Friday, April 27, 2018
Plastics, Chemistry, Water conservation, Energy conservation, Matter, Universe, Plastic recycling, Plastic, Recycling, Polyethylene terephthalate, Low-density polyethylene, Material efficiency

The global recycled plastics 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.

Key Points: 
  • The global recycled plastics 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.
  • The market is witnessing growth due to the increasing awareness regarding the use of recycled plastics due to their environmental benefits such as energy savings over virgin plastics.
  • Based on type, Polyethylene Terephthalate (PET) was the largest segment of the global recycled plastics market in 2017.
  • Increasing consciousness regarding the environmental benefits provided by recycled plastics has been the major factor contributing to the growing use of recycled plastics in this industry.