Recycled Plastic Market will attempt to create new growth opportunities, based on the forecast for 2024-2031 - Covetsro AG, REMONDIS SE & Co. KG & Biffa.

The Global Recycled Plastic Market reached US$ 48.6 billion in 2022 and is expected to reach US$ 95.5 billion by 2031, growing with a CAGR of 8.9% during the forecast period 2024-2031.

DataM Intelligence has published a new research report on "Recycled Plastic Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Segmentation, CAGR, business revenue competitive positioning of key companies, investigating elements such as product offerings, pricing strategies, financial performance, product portfolios, growth initiatives, and geographical reach. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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Recycled plastic refers to plastic materials that have been processed to create new products after their initial use. This process involves collecting, sorting, cleaning, and reprocessing used plastic to reduce waste and minimize environmental impact. Recycled plastics can be used in various applications, including packaging, construction materials, automotive parts, and consumer goods. By recycling plastic, we can conserve natural resources, reduce greenhouse gas emissions, and decrease reliance on virgin plastic production.

Key Developments:

➤ On February 9, 2023, TotalEnergies and Ecolab announced their collaboration to enhance circularity in heavy-use packaging by introducing plastic packaging made from recycled materials. This initiative stems from their close partnership to supply TotalEnergies' RE use rPE6314 grade from the portfolio of circular polymers, specifically for the MAXX S range of facility care products. The launch signifies the incorporation of post-consumer recycled (PCR) plastic into primary packaging for highly concentrated cleaning products. This effort is part of a broader strategy by both companies to promote waste prevention solutions while protecting people, the environment, and businesses.

➤ July 27, 2022: The Coca-Cola Company's two largest North American brands, Sprite and DASANI, made significant strides toward a circular economy. Sprite shifted from green to clear plastic to facilitate recycling, while DASANI introduced bottles made entirely from recycled PET plastic (excluding caps and labels), enhancing the potential for material reuse in new beverage containers.

Research Process:

Both primary and secondary data sources have been used in the global Recycled Plastic Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

List of the Key Players in the Recycled Plastic Market:

Covetsro AG, REMONDIS SE & Co. KG, Biffa, Stericycle, Republic Services, Inc., WM Intellectual Property Holdings, L.L.C., Veolia, Shell International B.V., Waste Connections, CLEAN HARBORS, INC.

Segment Covered in the Recycled Plastic Market:

By Type: Post Consumer Recyclate, Industrial Recyclate.

By Plastic Type: Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene, Others.

By Source: Bottles, Films, Foams, Fibers, Others.

By Process: Mechanical, Chemicals, Others.

By End-User: Building & Construction, Packaging, Electrical & Electronics, Textiles, Automotive, Others.

Regional Analysis:

The global Recycled Plastic Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Recycled Plastic Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Recycled Plastic Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Recycled Plastic manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Recycled Plastic in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

Q1) How Big is the Recycled Plastic Market?

A) The Global Recycled Plastic Market reached US$ 48.6 billion in 2022 and is expected to reach US$ 95.5 billion by 2031, growing with a CAGR of 8.9% during the forecast period 2024-2031.

Q2) Who are the key players of Recycled Plastic Market?

A) Covetsro AG, REMONDIS SE & Co. KG, Biffa, Stericycle, Republic Services, Inc., WM Intellectual Property Holdings, L.L.C., Veolia, Shell International B.V., Waste Connections, CLEAN HARBORS, INC.

Q3) What are the regions covered in this report?

A) The global Recycled Plastic Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa

4) What are the Segments Coverd in this report?

A) The Recycled Plastic market is segmented as Type, Plastic Type, Source, Process, End-User and Region.

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