Recycled Plastics Market Structure, Industry Inspection, and Forecast 2025

The Global Recycled Plastics Market report by DataIntelo.com provides a detailed analysis of the area marketplace expanding; competitive landscape; global, regional, and country-level market size; impact market players; market growth analysis; market share; opportunities analysis; product launches; recent developments; sales analysis; segmentation growth; technological innovations; and value chain optimization. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report.

The Global Recycled Plastics Market is valued to reach USD 66.4 billion by 2025, growing at a CAGR of 6.5% over forecast period 2020-2026. Factors such as increasing use of recycled plastics in packaging, automotive, electrical & electronics industries, growing emphasis on sustainability among packaging and improved collection infrastructure are influencing the market growth.

Recycled plastics account for a strong commercial position from the commercial perspective as the market witness a huge potential for recycling initiatives. In broader terms, waste plastics are collected for recycling purpose with various technologies incorporated. The waste plastic undergoes a chemical process to generate a newer plastic intended for the next purpose. Therefore, the quality of new plastic is much better than the earlier counterparts. As plastics dominate the packaging industry, resin PET is highly used as an application thus making it an inseparable component for any industry in the packaging process. Recycled plastics thus prove to be cost-effective for the packaging industry. As plastic constitute to be a major household component, 10% constitutes as plastic and more than 35% continues to be plastic bottles.

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