Plastic Recycling Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024

The consumers in the international plastic recycling market lacks brand loyalty owing to the presence of a large number of players in the market. This facet has also intensified the competition in the overall market, states a new report by Transparency Market Research. One of the leading players in the said market is Plasgran Ltd., which makes an offering of a comprehensive collection of facility that enables smooth sorting and baling and separation and compounding operations. The other key players that are operating in the global market for plastic recycling are KW plastics, Envisison Plastics, Kuusakoski Oy and so on. The competitive vendor landscape of the world market is quite fragmented owing to the presence of numerous players. Each of the market players hold a small share in the world market. In the years to come, companies are anticipated to focus on expanding to emerging economies to remain dominant. The other players in the market are expected to focus on expanding their businesses to in various emerging economies for capturing a wider geographical reach.
According to the research report, the international market for plastic recycling has been valued at US$ 56.8 bn by the 2024 as compared to earlier market valuation of US$ 31.5 bn in the year 2015. Between the forecast years of 2016 and 2024, the world market is expected to progress at a healthy CAGR of 6.9%.
Asia Pacific is Estimated to Continue with its Dominance Over the Period of Forecast
The world market for plastic recycling treatment has been regionally segmented into the geographies of South America, North America, Asia Pacific, Middle East and Africa, and Europe.  Of all of these regions, Asia Pacific is forecasted to remain dominant in the said world market throughout the period of forecast. Analysts make anticipation that China alone will make a total contribution of more than 50% to the world market for plastic recycling market. Presently, Asia Pacific is the main importer of plastic scrap of recycling with China and India leading the way. Europe is also anticipated to exhibit steady growth in the international market for market owing to stringent laws that pertain to the use of plastic in the region.
Hazardous Impact of Plastics Wastes to Fuel Market Growth
The rising pressure of overflowing landfills has been the key driver of growth for the world market for plastic recycling. This factor has proven to be a significant driver for the world market for plastic recycling in many of the developed regions such as Europe. The soaring awareness about protecting the environment, hazardous impact of plastic wastes on animals and landfills, and the need to reduce the carbon footprint has further fueled the world market for plastic recycling market. The said market is also gaining traction owing to the cost-effectiveness of recycling plastic over manufacturing plastic.
The information shared that has been in this review is based on a TMR report titled, “Plastic Recycling Market (Source – Rigid Packaging and Non-rigid Packaging; Material – PET, PP, HDPE, LDPE, PS, PVC, ABS, Nylon, and Polycarbonate; Application – Packaging, Food Contact, Non-food Contact, Automotive, Construction, Textile, Industrial, and Consumer Goods) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024”.
About Us:
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Comments

Post a Comment

Popular posts from this blog

Acrylate Monomers Market : Growth, Demand, Supply, SWOT, Consumption, ROI to 2025

The  global acrylate monomers market  features a largely price-sensitive landscape, which has led several prominent players focusing on inexpensive formulations of acrylate monomers to develop cost-effective acrylic acids or esters, notes Transparency Market Research (TMR). To this end, manufacturers are increasingly entering into agreements and partnerships with original equipment manufacturers (OEM) and merchandisers, in a move to gain a better foothold in the market. However, this hasn’t deterred a number of prominent companies developing solutions on specialty chemicals to increase the product pricing, observes TMR. Among such top players are Dow Chemical Company, Evonik Industries, and Arkema. Request to view sample of this report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=19268 A number of players are tapping on opportunities emerging from inexpensive formulations for developing a range of high-performance specialty acrylate monomers
Read more

Plasticizers Market — Global Industry Analysis and Forecast | 2024

The  global plasticizers market  has fragmented competitive landscape, observes Transparency Market Research in a recent market research report. Presence of numerous prominent players and local vendors in the market is increasing the level of competition among players, Get sample of this report at:  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=753 Key players operating in the market are trying to launch new products to improve their products portfolio to widen their offering of technologically advanced eco-friendly, innovative, and high quality products. BASF SE, Eastman Chemical Company, ExxonMobil Corporation, LG Chem Ltd., Evonik Industries, Ferro Corporation, Arkema Inc., UPC Technology Corp., and Aekyung Petrochemical Co. Ltd. are some of the leading players operating in the global plasticizers market. According to the report, the global plasticizers market had a valuation of US$14.85 bn in 2015, which is expect
Read more

MicroRNA Research Market is Estimated to Reach Nearly $1.4 billion in 2021

Report Highlights The global market for microRNA tools reached $756.5 million and $829.8 million in 2015 and 2016, respectively. This market is estimated to reach nearly $1.4 billion in 2021 at a compound annual growth rate (CAGR) of 10.5% for 2016-2021. Report Includes: An overview of the global market for microRNA diagnostics and therapeutics, with an analysis of the commercial potential of this research field Analyses of global market trends, with data from 2014, 2015, and 2016, and projections of compound annual growth rates (CAGRs) through 2021 Examination of the extensive portfolio of miRNA pathway drug candidates, some already in Phase II clinical trials, showing promising clinical data in different areas of medicine, such as cancer, hepatitis infections, and cardiovascular diseases Get Free sample copy for Technical & Professional Insights at:   https://www.researchmoz.us/enquiry.php?type=S&repid=1377231 A focus on recent drug candidate
Read more