Global Plastic Recycling Market Size By Material, By Source, By Application, By Geographic Scope And Forecast
Plastic Recycling Market Size And Forecast
Plastic Recycling Market was valued at USD 34.36 Billion in 2019 and is projected to reach USD 56.88 Billion by 2027, growing at a CAGR of 6.52 % from 2020 to 2027.
Global Plastic Recycling Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The increasing use in packaging, automotive, and electrical & electronics industries, growing awareness regarding energy savings, and knowledge of the negative environmental impact of plastics disposal is expected to fuel the growth of the global plastic recycling market. Moreover, the availability of clean feedstock, coupled with increasing consumer demand, followed by stringent regulations are anticipated to propel the market growth.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The Global Plastic Recycling Market is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Plastic Recycling Market Competitive Landscape
The Global Plastic Recycling Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as MBA Polymers Inc., Phoenix Technologies International LLC, Vikoz Enterprises Inc., Terracycle, KW Plastics, DS Smith PLC, PETCO, CarbonLITE Industries LLC, Waste Connections Inc., Custom Polymers Inc., and Others.
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