Europe Recycled Plastic Market – Advanced Tech & Growth Opportunities In Global Industry By 2026

Europe recycled plastic market is expected to register a healthy CAGR in the forecast period of 2019 -2026.

The recycling process of plastics refers to the recovering of waste or scrap left out of plastic products and reprocessing it back into useful products. Since, plastic material is non-biodegradable, so it is recycled to reduce the harmful effects caused due to dumping of plastic products in the soil. The process of recycling goes through six major steps, collection, sorting, shredding, cleaning, melting and making of pellets. The dumped waste plastic is collected by waste collectors and brought to the sorting facilities for further processing where, the plastic products are segregated on the basis of their color and the content of resin in them. The differentiated plastics go through the shredder where products are grinded and cut into small pieces so that they can easily be cleaned and made into pellets for further manufacturing of products.

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Competitive Analysis: Europe Recycled Plastic Market

Some of the major players operating in this market are CUSTOM POLYMERS, B&B PLASTICS INC, B. Schoenberg & Co., Inc., ENVISION PLASTICS, Jayplas, Joe's Plastics, KK Asia (HK) Ltd., Berry Europe Inc., MBA Polymers Inc., Plastipak Holdings, Inc., SUEZ, Ultra-Poly Corporation, Veolia, KW Plastics, Birch Plastics Inc., RJM INTERNATIONAL, INC., Asia plastics renewable resources holdings co., ltd., CLEAR PATH RECYCLING, Green Line Polymers, and Imerys among others.

Recent Developments:

  • In June 2019, Plastipak Holdings, Inc. and Garbo undergo with a partnership for industrial scale PET chemical recycling to expand their exclusive collaboration globally as well as to expand their product portfolio.
  • In June 2019, Veolia announces the launch of a new tool for the energy, water, & waste sectors. This new tool will help to achieve a low carbon future and will be beneficial for environment and is cost friendly.
  • In January 2015, Jayplas launched a new plastic film packaging division. The main aim for this launch is to provide a closed-loop solution and ensure that plastic is recycled in the UK instead any other region.

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Segmentation: Europe Recycled Plastic Market

Europe recycled plastic market is segmented into three notable segments which are based on type, source and industry.

  • On the basis of type, the market is segmented into polyethylene terephthalate, polyethylene, polypropylene, polyvinyl chloride, polystyrene and others
  • On the basis of source, the market is segmented into bottles, bags, films, fibers, foams and others
  • On the basis of industry, the market is segmented into packaging, building & construction, textile, automotive, electrical & electronics, household goods, agriculture, healthcare and others

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