General Purpose Plastics Recycling Market was valued at USD 30 Billion in 2022 and is projected to reach USD 50 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The global general purpose plastics recycling market was valued at approximately USD 29.5 billion in 2022, and it is projected to grow at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. The increasing awareness of environmental issues, stringent regulations on plastic waste, and the growing emphasis on sustainable practices are driving this market growth. The demand for recycled plastics in various applications, including packaging, automotive, and consumer goods, is expected to rise significantly. By 2030, the market is anticipated to reach around USD 54.7 billion, highlighting substantial growth potential in the sector.
Emerging markets present substantial opportunities for expansion in the general purpose plastics recycling industry. Regions such as Asia-Pacific and Latin America are witnessing rapid industrialization and urbanization, which are contributing to an increase in plastic waste and subsequently, a greater need for recycling solutions. Investment in recycling infrastructure and technologies, along with supportive government policies, are likely to further accelerate market growth in these regions. The focus on technological advancements and improved recycling processes also opens new avenues for market players to explore and capitalize on emerging trends.
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Far Eastern New Century
Longfu Recycling Energy Scientech
MBA Polymers
DAK Americas
Plastipak Holdings
Visy
Envision
Evergreen Plastics
Imerys Group
Greentech
KW Plastics
Indorama Ventures (Custom Polymers PET)
Plastrec
Viridor
EFS Plastics
Vogt-Plastic
Biffa
St. Joseph Plastics
Plastic Forests
Tangent Technologies
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global General Purpose Plastics Recycling Market
Packaging and Consumer Goods
Construction
Textile Fiber or Clothing
Landscaping or Street Furniture
Other Uses
Based on Types the Market is categorized into Below types that held the largest General Purpose Plastics Recycling market share In 2023.
PET
PP
HDPE
LDPE
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global General Purpose Plastics Recycling Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global General Purpose Plastics Recycling Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global General Purpose Plastics Recycling Market, By Type
6. Global General Purpose Plastics Recycling Market, By Application
7. Global General Purpose Plastics Recycling Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global General Purpose Plastics Recycling Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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