Recycled Plastics Market

Recycled Plastics Market by Type (PET, PE, PP, PVC, PS), Source (Bottles, Films, Fibers, Foams), End-Use Industry (Packaging, Textile, Building & Construction, Automotive, Electrical & Electronics) and Region - Global Forecast to 2026

Report Code: CH 6190 Mar, 2022, by marketsandmarkets.com

[252 Pages Report] The global recycled plastics market is projected to grow from USD 27.9 billion in 2021 to USD 43.5 billion by 2026, at a CAGR of 9.3% from 2021 to 2026.  Favorable initiatives to promote the use of recycled plastics in developed countries, growing acceptance of recycled plastics consumption in the textile industry as fibers in developing countries of Asia Pacific, and cost-effective, sophisticated recycling technologies are some of the major factors driving the global recycled plastics market.

Recycled Plastics Market

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COVID-19 Impact on the Global Recycled Plastics Market

The novel coronavirus (COVID-19) pandemic started from Wuhan, China, and has spread across all the major economies in the world. European countries such as Italy, Spain, France, and Germany; the US in North America; Asia Pacific countries such as China, India, South Korea, Taiwan; Australia; and Saudi Arabia and the UAE in the Middle East are among the most affected economies by the pandemic. The recycled plastic market has been impacted by the outbreak of COVID-19 as most of the recycled plastic services, solutions, and product providers are located in these countries.

Social distancing led to a growth in at-home deliveries, which have increased the packaging rate. The recycling market is drying up due to countrywide lockdowns, and informal waste pickers who play an important role in waste management have either been unable to supply recyclers with raw materials or have been unable to find recyclers ready to shop for their materials.

Recycled Plastics Market Dynamics

Driver: Negative environmental impact of plastics disposal

Plastics are lightweight, durable, and inexpensive materials that can be readily molded into a variety of products. As a result, the production of plastics has increased manifold over the past few decades. However, their current usage has led to the generation of a huge amount of waste, resulting in environmental concerns. The landfill is the conventional method for waste disposal; however, landfill area has become scarce in many countries. Although this method has limited environmental impacts, there are long-term risks of contamination of soil and groundwater associated with it, thus polluting it.

Restraint: Stringent competition from virgin plastics

Recycled plastics have strong competition from virgin plastics in terms of quality and application. Virgin plastics can be used in many applications, including food-grade packaging where the food product comes in direct contact with the plastic; recycled plastics do not have the same advantage. Recycled plastics are rarely used in food-grade packaging applications because of safety concerns related to their contaminants from their previous use. Some jurisdictions allow the use of recycled plastic resin in combination with virgin resin for food-grade containers, but the recycled quality cannot be maintained to the standard required for food-grade applications. For high-end products, where the chemical composition of the plastic has to be specific, only virgin materials can be used.

Opportunity: Increasing use in the textile industry in the developing countries of Asia Pacific

Textile is one of the major end-use industries of recycled plastics, as recycled PET, which is the most widely recycled resin globally, finds the highest usage in fiber applications. In the past five years, there has been a significant growth in major clothing companies, businesses, and environmental organizations that have started using plastics in their fabrics in an effort to reduce plastic pollution. The clothes made of recycled plastics do not differ from normally made clothes in terms of quality and texture. Therefore, the products made from recycled plastic bottles indirectly help in contributing to a sustainable economy. As a result, the use of these plastics in textiles is increasing significantly.

Challenge: Ban on imports of waste or scrap plastics in China

China, the world’s largest user of scrap plastics, announced that it would stop importing plastic waste from other countries in 2017. Apart from consuming locally produced recycled plastics, China was also the largest importer of recycled materials until 2016. In 2016, the country imported 51% of global plastic scrap. Therefore, the sudden proposed ban on its scrap imports became the biggest challenge in the industry, as China had been the major consumer of recycled materials and reprocessing it to useful materials, which were used for many applications such as pipes, carpets, and bottles.

Recycled Plastics Market: Ecosystem

Recycled Plastics Market Ecosystem

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Bottles is projected to be largest source of recycled plastics during the forecast period.

Bottles are the largest and fastest-growing source of recycled plastics. They are the most recycled post-consumer plastics as they have a better network for collection and sorting. Moreover, most bottles are made of PET resin, which is the most recycled resin with the highest recycling rate. Many developing countries are foraying into the recycling business and will depend on bottles as a source of recycled plastics due to their easy availability.

PP is projected to be the fastest growing type of recycled plastics during the forecasted period.

Polypropylene (PP) is the second-most widely produced commodity plastic, and its market is forecasted to grow even more in the following years. It is hard and sturdy, can withstand high temperatures, and is found in car parts, thermal vests, yogurt containers, and even disposable diapers. PP is usually used for living hinges. It is a thin piece of plastic that allows a part of a product to fold or bend from 1 to 180 degrees.

North America is projected as fastest growing recycled plastics market during the forecast period.

The packaging industry is the largest and projected to be the fastest-growing end user of recycled plastics in North America. Various companies in this region are focusing on making use of recycled materials in their products. This is expected to help the region stay free of pollution caused by plastics.

Recycled Plastics Market by Region

Key Market Players

Indorama Ventures Public Ltd. (Thailand), Veolia (France), Suez (France), Jayplas (UK), Alpek (Mexico), Biffa (UK), Republic Services (US), Stericycle (US), Far Eastern New Century Corporation (Taiwan), KW Plastics (US), B. Schoenberg & Co. (US), B&B Plastics (US), Remondis SE & Co. KG (Germany), Clear Path Recycling (US), Custom Polymers (US), Plastipak Holdings (US), Waste Connections, Inc. (US), MBA Polymers (US) are some of the leading players operating in the recycled plastics market.

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Scope of the Report

Report Metric

Details

Market Size Available for Years

2018–2026

Base Year Considered

2020

Forecast Period

2021–2026

Forecast Units

Value (USD Million) and Volume (Kilotons)

Segments Covered

 Source, Type, End-use Industry, and Region

Geographies Covered

Asia Pacific, North America, Europe, Middle East and Africa, South America

Companies Covered

The major market players include Indorama Ventures Public Ltd. (Thailand), Veolia (France), Suez (France), Jayplas (UK), Alpek (Mexico), Biffa (UK), Republic Services (US), Stericycle (US), Far Eastern New Century Corporation (Taiwan), KW Plastics (US), B. Schoenberg & Co. (US), B&B Plastics (US), Remondis SE & Co. KG (Germany), Clear Path Recycling (US), Custom Polymers (US), Plastipak Holdings (US), Waste Connections, Inc. (US), MBA Polymers (US). (Total of 28 companies)

This research report categorizes the recycled plastics market based on  source, type, end-use industry, and region.

Based on Source, the recycled plastics market has been segmented as follows:

  • Bottles
  • Films
  • Fibers
  • Foams
  • Others

Based on Type, the recycled plastics market has been segmented as follows:

  • Polyethylene Terephthalate (PET)
  • Polyethylene (PE)
  • Polyvinyl Chloride (PVC)
  • Polypropylene (PP)
  • Polystyrene (PS)
  • Others

Based on End-use Industry, the recycled plastics market has been segmented as follows:

  • Packaging
  • Building & Construction
  • Textile
  • Automotive
  • Electrical & Electronics
  • Others

Based on Region, the recycled plastics market has been segmented as follows:

  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South America

Recent Developments

  • In December 2021, Veolia completed the acquisition of SUEZ to become the world champion of ecological transformation.
  • In July 2021, Jayplas teamed up with the Co-op Supermarket Chain to run Europe's most comprehensive in-store recycling program for plastic bags and product packaging.
  • In June 2021, Indorama Ventures Public Ltd. acquired CarbonLite Holdings’ facility in Texas as part of the company’s commitment to increasing PET recycling capacity.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 36)
    1.1 OBJECTIVES OF STUDY
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 RECYCLED PLASTICS MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED FOR STUDY
           1.3.4 CURRENCY
    1.4 UNITS CONSIDERED
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 40)
    2.1 RESEARCH DATA
          FIGURE 1 RECYCLED PLASTICS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 List of participating companies for primary research
                    2.1.2.3 Breakdown of primary interviews
                    2.1.2.4 Key industry insights
    2.2 BASE NUMBER CALCULATION APPROACH
           2.2.1 ESTIMATION OF RECYCLED PLASTICS MARKET SIZE BASED ON MARKET SHARE ANALYSIS
                    FIGURE 2 MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS
                    FIGURE 3 MARKET SIZE ESTIMATION: DEMAND-SIDE ANALYSIS
    2.3 MARKET SIZE ESTIMATION
           2.3.1 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.4 DATA TRIANGULATION
          FIGURE 4 RECYCLED PLASTICS MARKET: DATA TRIANGULATION
           2.4.1 ASSUMPTIONS
           2.4.2 LIMITATIONS
           2.4.3 GROWTH RATE ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 49)
    FIGURE 5 BOTTLE-SOURCED RECYCLED PLASTICS DOMINATED MARKET IN 2020
    FIGURE 6 PET RECYCLED PLASTICS LED MARKET IN 2020
    FIGURE 7 PACKAGING TO BE FASTEST-GROWING END-USE INDUSTRY OF RECYCLED PLASTICS BETWEEN 2021 AND 2026
    FIGURE 8 ASIA PACIFIC LED GLOBAL RECYCLED PLASTICS MARKET IN 2020

4 PREMIUM INSIGHTS (Page No. - 52)
    4.1 ATTRACTIVE OPPORTUNITIES IN RECYCLED PLASTICS MARKET
          FIGURE 9 INCREASE IN DEMAND FOR RECYCLED PLASTICS IN END-USE APPLICATIONS
    4.2 RECYCLED PLASTICS MARKET, BY REGION
          FIGURE 10 NORTH AMERICA TO BE FASTEST-GROWING MARKET BETWEEN 2021 AND 2026
    4.3 RECYCLED PLASTICS MARKET IN ASIA PACIFIC, BY TYPE AND COUNTRY, 2020
          FIGURE 11 PET SEGMENT AND CHINA ACCOUNTED FOR LARGEST SHARES
    4.4 RECYCLED PLASTICS MARKET ATTRACTIVENESS
          FIGURE 12 RECYCLED PLASTICS MARKET TO REGISTER FASTEST GROWTH IN JAPAN BETWEEN 2021 AND 2026

5 MARKET OVERVIEW (Page No. - 54)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN RECYCLED PLASTICS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Negative environmental impact of plastics disposal
                    5.2.1.2 Growing awareness regarding energy savings and government responses
                    5.2.1.3 Increasing use in packaging, automotive, and electrical & electronics industries
                    5.2.1.4 Chemical recycling process
           5.2.2 RESTRAINTS
                    5.2.2.1 Stringent competition from virgin plastics
                    5.2.2.2 Effects of downcycling
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Favorable initiatives to promote the use of recycled plastics in developed countries
                    5.2.3.2 Increasing use in the textile industry in the developing countries of Asia Pacific
                    5.2.3.3 New recycling technologies
                    5.2.3.4 Opportunities for chemical industries
           5.2.4 CHALLENGES
                    5.2.4.1 Ban on imports of waste or scrap plastics in China
                    5.2.4.2 Difficulty in the collection of raw materials
                    5.2.4.3 Only few recycled plastics have market demand
                    5.2.4.4 Pigmented plastics are not accepted by many recycling facilities
    5.3 PORTER’S FIVE FORCES ANALYSIS
          FIGURE 14 RECYCLED PLASTICS MARKET: PORTER’S FIVE FORCES ANALYSIS
          TABLE 1 RECYCLED PLASTICS MARKET: PORTER’S FIVE FORCE ANALYSIS
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 BARGAINING POWER OF SUPPLIERS
           5.3.3 THREAT OF SUBSTITUTES
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 VALUE CHAIN ANALYSIS
          FIGURE 15 VALUE CHAIN ANALYSIS
           5.4.1 PROMINENT COMPANIES
           5.4.2 SMALL & MEDIUM ENTERPRISES
    5.5 ECOSYSTEM
          TABLE 2 RECYCLED PLASTICS MARKET: ECOSYSTEM
    5.6 REGULATORY LANDSCAPE
           5.6.1 BAN & RESTRICTION – TO REDUCE THE IMPACT OF CERTAIN PLASTIC PRODUCTS ON THE ENVIRONMENT
           5.6.2 ECONOMIC INSTRUMENTS HAVE IMPACTED PLASTIC USAGE AND BEHAVIOR PATTERNS
           5.6.3 STANDARDIZATION- CRITERIA AND GUIDELINES FOR THE QUALITY, SAFETY, AND ACCEPTABILITY OF PRODUCTS
           5.6.4 GUIDANCE FOR INDUSTRY - USE OF RECYCLED PLASTICS IN FOOD PACKAGING
    5.7 TECHNOLOGY ANALYSIS
           5.7.1 MECHANICAL RECYCLING DOMINATES GLOBAL RECYCLING MARKET
           5.7.2 CHEMICAL RECYCLING TECHNOLOGY HAS AN EDGE OVER MECHANICAL RECYCLING IN TERMS OF QUALITY OF RECYCLED PLASTICS
    5.8 CASE STUDY ANALYSIS
           5.8.1 CLOSED LOOP PLASTIC RECYCLING
                    5.8.1.1 Objective
                    5.8.1.2 Solution statement
           5.8.2 PLASTIC RECYCLING IN GERMANY
                    5.8.2.1 Objective
                    5.8.2.2 Solution statement
           5.8.3 COMPARISON BETWEEN VARIOUS RPET MANAGEMENT METHODS
                    5.8.3.1 Objective
                    5.8.3.2 Solution statement
    5.9 IMPACT OF COVID-19 ON THE RECYCLED PLASTICS MARKET
    5.10 YC-YCC SHIFT
           FIGURE 16 YC-YCC DRIVERS
    5.11 PRICING ANALYSIS
           FIGURE 17 AVERAGE SELLING PRICE (2019-2026)
    5.12 PATENT ANALYSIS
           5.12.1 METHODOLOGY
           5.12.2 PATENT PUBLICATION TRENDS
                     FIGURE 18 NUMBER OF PATENTS YEAR-WISE DURING LAST 10 YEARS
           5.12.3 INSIGHTS
           5.12.4 JURISDICTION ANALYSIS
                     FIGURE 19 CHINA ACCOUNTED FOR HIGHEST NUMBER OF PATENTS
           5.12.5 TOP COMPANIES/APPLICANTS
                     FIGURE 20 TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS
                    5.12.5.1 List of major patents

6 RECYCLED PLASTICS MARKET, BY SOURCE (Page No. - 78)
    6.1 INTRODUCTION
          FIGURE 21 BOTTLES TO BE LARGEST AND FASTEST-GROWING SOURCE OF RECYCLED PLASTICS BETWEEN 2021 AND 2026
          TABLE 3 RECYCLED PLASTICS MARKET SIZE, BY SOURCE, 2018–2020 (USD MILLION)
          TABLE 4 RECYCLED PLASTICS MARKET SIZE, BY SOURCE, 2021–2026 (USD MILLION)
    6.2 BOTTLES
           6.2.1 BOTTLE RECYCLING TO DRIVE MARKET
                    TABLE 5 RECYCLED PLASTICS MARKET SIZE FROM BOTTLES, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 6 RECYCLED PLASTICS MARKET SIZE FROM BOTTLES, BY REGION, 2021–2026 (USD MILLION)
    6.3 FILMS
           6.3.1 NON-FOOD APPLICATIONS TO PROPEL DEMAND
                    TABLE 7 RECYCLED PLASTICS MARKET SIZE FROM FILMS, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 8 RECYCLED PLASTICS MARKET SIZE FROM FILMS, BY REGION, 2021–2026 (USD MILLION)
    6.4 FIBERS
           6.4.1 FIBERS ARE RECYCLED AND REPROCESSED INTO NEW CLOTHING
                    TABLE 9 RECYCLED PLASTICS MARKET SIZE FROM FIBERS, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 10 RECYCLED PLASTICS MARKET SIZE FROM FIBERS, BY REGION, 2021–2026 (USD MILLION)
    6.5 FOAMS
           6.5.1 APPLICATIONS IN FURNITURE INDUSTRIES TO DRIVE MARKET
                    TABLE 11 RECYCLED PLASTICS MARKET SIZE FROM FOAMS, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 12 RECYCLED PLASTICS MARKET SIZE FROM FOAMS, BY REGION, 2021–2026 (USD MILLION)
    6.6 OTHERS
          TABLE 13 RECYCLED PLASTICS MARKET SIZE FROM OTHER SOURCES, BY REGION, 2018–2020 (USD MILLION)
          TABLE 14 RECYCLED PLASTICS MARKET SIZE FROM OTHER SOURCES, BY REGION, 2021–2026 (USD MILLION)

7 RECYCLED PLASTICS MARKET, BY TYPE (Page No. - 86)
    7.1 INTRODUCTION
          FIGURE 22 PET TO DOMINATE RECYCLED PLASTICS MARKET BETWEEN 2021 AND 2026
          TABLE 15 RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
          TABLE 16 RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
          TABLE 17 RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (KILOTON)
          TABLE 18 RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (KILOTON)
    7.2 POLYETHYLENE TEREPHTHALATE (PET)
           7.2.1 PET CAN BE RECOVERED AND RECYCLED REPEATEDLY
                    TABLE 19 PET RECYCLED PLASTICS MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 20 PET RECYCLED PLASTICS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 21 PET RECYCLED PLASTICS MARKET SIZE, BY REGION, 2018–2020 (KILOTON)
                    TABLE 22 PET RECYCLED PLASTICS MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
    7.3 POLYETHYLENE (PE)
           7.3.1 PE IS THE EASIEST PLASTIC POLYMER TO RECYCLE
                    TABLE 23 PE RECYCLED PLASTICS MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 24 PE RECYCLED PLASTICS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 25 PE RECYCLED PLASTICS MARKET SIZE, BY REGION, 2018–2020 (KILOTON)
                    TABLE 26 PE RECYCLED PLASTICS MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
    7.4 POLYVINYL CHLORIDE (PVC)
           7.4.1 PVC IS LARGELY USED IN BUILDING & CONSTRUCTION INDUSTRY
                    TABLE 27 PVC RECYCLED PLASTICS MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 28 PVC RECYCLED PLASTICS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 29 PVC RECYCLED PLASTICS MARKET SIZE, BY REGION, 2018–2020 (KILOTON)
                    TABLE 30 PVC RECYCLED PLASTICS MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
    7.5 POLYPROPYLENE (PP)
           7.5.1 PP MARKET TO GROW IN COMING YEARS
                    TABLE 31 PP RECYCLED PLASTICS MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 32 PP RECYCLED PLASTICS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 33 PP RECYCLED PLASTICS MARKET SIZE, BY REGION, 2018–2020 (KILOTON)
                    TABLE 34 PP RECYCLED PLASTICS MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
    7.6 POLYSTYRENE (PS)
           7.6.1 PS IS ONE OF THE INEXPENSIVE RESINS
                    TABLE 35 PS RECYCLED PLASTICS MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 36 PS RECYCLED PLASTICS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 37 PS RECYCLED PLASTICS MARKET SIZE, BY REGION, 2018–2020 (KILOTON)
                    TABLE 38 PS RECYCLED PLASTICS MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
    7.7 OTHERS
          TABLE 39 OTHER RECYCLED PLASTICS MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
          TABLE 40 OTHER RECYCLED PLASTICS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
          TABLE 41 OTHER RECYCLED PLASTICS MARKET SIZE, BY REGION, 2018–2020 (KILOTON)
          TABLE 42 OTHER RECYCLED PLASTICS MARKET SIZE, BY REGION, 2021–2026 (KILOTON)

8 RECYCLED PLASTICS MARKET, BY END-USE INDUSTRY (Page No. - 99)
    8.1 INTRODUCTION
          FIGURE 23 PACKAGING TO BE LEADING END-USE INDUSTRY IN RECYCLED PLASTICS MARKET, BETWEEN 2021 AND 2026
          TABLE 43 RECYCLED PLASTICS MARKET, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
          TABLE 44 RECYCLED PLASTICS MARKET, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
    8.2 PACKAGING
           8.2.1 FOOD PACKAGING INDUSTRY TO SHIFT TO RECYCLED PLASTICS
                    TABLE 45 RECYCLED PLASTICS MARKET SIZE IN PACKAGING END-USE INDUSTRY, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 46 RECYCLED PLASTICS MARKET SIZE IN PACKAGING END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
    8.3 BUILDING & CONSTRUCTION
           8.3.1 CONCRETE CONSTRUCTIONS CAN BE MADE BY RECYCLED PLASTICS
                    TABLE 47 RECYCLED PLASTICS MARKET SIZE IN BUILDING & CONSTRUCTION END-USE INDUSTRY, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 48 RECYCLED PLASTICS MARKET SIZE IN BUILDING & CONSTRUCTION END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
    8.4 TEXTILE
           8.4.1 TEXTILE INDUSTRY LOOKING FOR ENVIRONMENT-FRIENDLY MATERIALS
                    TABLE 49 RECYCLED PLASTICS MARKET SIZE IN TEXTILE END-USE INDUSTRY, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 50 RECYCLED PLASTICS MARKET SIZE IN TEXTILE END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
    8.5 AUTOMOTIVE
           8.5.1 RECYCLED PLASTICS CAN REDUCE VEHICLE WEIGHT
                    TABLE 51 RECYCLED PLASTICS MARKET SIZE IN AUTOMOTIVE END-USE INDUSTRY, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 52 RECYCLED PLASTICS MARKET SIZE IN AUTOMOTIVE END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
    8.6 ELECTRICAL & ELECTRONICS
           8.6.1 OLD PLASTIC BOTTLES ARE FINDING NEW LIFE AS RECYCLED MATERIALS IN ELECTRICAL & ELECTRONICS INDUSTRY
                    TABLE 53 RECYCLED PLASTICS MARKET SIZE IN ELECTRICAL & ELECTRONICS END-USE INDUSTRY, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 54 RECYCLED PLASTICS MARKET SIZE IN ELECTRICAL & ELECTRONICS END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
    8.7 OTHERS
          TABLE 55 RECYCLED PLASTICS MARKET SIZE IN OTHER END-USE INDUSTRIES,  BY REGION, 2018–2020 (USD MILLION)
          TABLE 56 RECYCLED PLASTICS MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2021–2026 (USD MILLION)

9 RECYCLED PLASTICS MARKET, BY REGION (Page No. - 108)
    9.1 INTRODUCTION
          FIGURE 24 ASIA PACIFIC AND NORTH AMERICA TO EMERGE AS NEW STRATEGIC DESTINATIONS IN GLOBAL RECYCLED PLASTICS MARKET
          TABLE 57 RECYCLED PLASTICS MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
          TABLE 58 RECYCLED PLASTICS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
          TABLE 59 RECYCLED PLASTICS MARKET SIZE, BY REGION, 2018–2020 (KILOTON)
          TABLE 60 RECYCLED PLASTICS MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
    9.2 ASIA PACIFIC
          FIGURE 25 ASIA PACIFIC: RECYCLED PLASTICS MARKET SNAPSHOT
          TABLE 61 ASIA PACIFIC: RECYCLED PLASTICS MARKET SIZE, BY COUNTRY, 2018–2020 (USD MILLION)
          TABLE 62 ASIA PACIFIC: RECYCLED PLASTICS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 63 ASIA PACIFIC: RECYCLED PLASTICS MARKET SIZE, BY COUNTRY, 2018–2020 (KILOTON)
          TABLE 64 ASIA PACIFIC: RECYCLED PLASTICS MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
          TABLE 65 ASIA PACIFIC: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
          TABLE 66 ASIA PACIFIC: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
          TABLE 67 ASIA PACIFIC: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (KILOTON)
          TABLE 68 ASIA PACIFIC: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (KILOTON)
          TABLE 69 ASIA PACIFIC: RECYCLED PLASTICS MARKET SIZE, BY SOURCE,  2018–2020 (USD MILLION)
          TABLE 70 ASIA PACIFIC: RECYCLED PLASTICS MARKET SIZE, BY SOURCE, 2021–2026 (USD MILLION)
          TABLE 71 ASIA PACIFIC: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
          TABLE 72 ASIA PACIFIC: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           9.2.1 CHINA
                    9.2.1.1 Domestic plastic recycling rate in China to increase
                                TABLE 73 CHINA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
                                TABLE 74 CHINA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                                TABLE 75 CHINA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
                                TABLE 76 CHINA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           9.2.2 JAPAN
                    9.2.2.1 One of the leading international sources of plastic garbage
                                TABLE 77 JAPAN: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
                                TABLE 78 JAPAN: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                                TABLE 79 JAPAN: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
                                TABLE 80 JAPAN: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           9.2.3 INDIA
                    9.2.3.1 Leading recycled plastics manufacturers have announced to increase their recycling capacities in the country
                                TABLE 81 INDIA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
                                TABLE 82 INDIA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                                TABLE 83 INDIA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
                                TABLE 84 INDIA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           9.2.4 SOUTH KOREA
                    9.2.4.1 Various manufacturers in South Korea now operate on-site recycling facilities
                                TABLE 85 SOUTH KOREA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
                                TABLE 86 SOUTH KOREA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                                TABLE 87 SOUTH KOREA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
                                TABLE 88 SOUTH KOREA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           9.2.5 REST OF ASIA PACIFIC
                    TABLE 89 REST OF ASIA PACIFIC: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
                    TABLE 90 REST OF ASIA PACIFIC: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 91 REST OF ASIA PACIFIC: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
                    TABLE 92 REST OF ASIA PACIFIC: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
    9.3 EUROPE
          FIGURE 26 EUROPE: RECYCLED PLASTICS MARKET SNAPSHOT
          TABLE 93 EUROPE: RECYCLED PLASTICS MARKET SIZE, BY COUNTRY, 2018–2020 (USD MILLION)
          TABLE 94 EUROPE: RECYCLED PLASTICS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 95 EUROPE: RECYCLED PLASTICS MARKET SIZE, BY COUNTRY, 2018–2020 (KILOTON)
          TABLE 96 EUROPE: RECYCLED PLASTICS MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
          TABLE 97 EUROPE: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
          TABLE 98 EUROPE: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
          TABLE 99 EUROPE: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (KILOTON)
          TABLE 100 EUROPE: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (KILOTON)
          TABLE 101 EUROPE: RECYCLED PLASTICS MARKET SIZE, BY SOURCE,  2018–2020 (USD MILLION)
          TABLE 102 EUROPE: RECYCLED PLASTICS MARKET SIZE, BY SOURCE, 2021–2026 (USD MILLION)
          TABLE 103 EUROPE: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
          TABLE 104 EUROPE: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           9.3.1 GERMANY
                    9.3.1.1 Germany holds a key position in the regional recycled plastics market
                                TABLE 105 GERMANY: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
                                TABLE 106 GERMANY: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                                TABLE 107 GERMANY: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
                                TABLE 108 GERMANY: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           9.3.2 UK
                    9.3.2.1 There is an increasing preference for recycled plastics among consumers and manufacturers
                                TABLE 109 UK: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
                                TABLE 110 UK: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                                TABLE 111 UK: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
                                TABLE 112 UK: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           9.3.3 FRANCE
                    9.3.3.1 France will ban plastic packaging for almost all fruits and veggies
                                TABLE 113 FRANCE: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
                                TABLE 114 FRANCE: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                                TABLE 115 FRANCE: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
                                TABLE 116 FRANCE: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           9.3.4 ITALY
                    9.3.4.1 Technologically advanced equipment is one of the driving factors for plastics recycling
                                TABLE 117 ITALY: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
                                TABLE 118 ITALY: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                                TABLE 119 ITALY: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
                                TABLE 120 ITALY: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           9.3.5 SPAIN
                    9.3.5.1 Spanish plastic raw material manufacturers are also investing in the plastic recycling sector
                                TABLE 121 SPAIN: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
                                TABLE 122 SPAIN: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                                TABLE 123 SPAIN: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
                                TABLE 124 SPAIN: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           9.3.6 REST OF EUROPE
                    TABLE 125 REST OF EUROPE: RECYCLED PLASTICS MARKET SIZE, BY TYPE, –2020 (USD MILLION)
                    TABLE 126 REST OF EUROPE: RECYCLED PLASTICS MARKET SIZE, BY TYPE,  2021–2026 (USD MILLION)
                    TABLE 127 REST OF EUROPE: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
                    TABLE 128 REST OF EUROPE: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
    9.4 NORTH AMERICA
          FIGURE 27 NORTH AMERICA: RECYCLED PLASTICS MARKET SNAPSHOT
          TABLE 129 NORTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY COUNTRY, 2018–2020 (USD MILLION)
          TABLE 130 NORTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 131 NORTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY COUNTRY, 2018–2020 (KILOTON)
          TABLE 132 NORTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
          TABLE 133 NORTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
          TABLE 134 NORTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY 2021–2026 (USD MILLION)
          TABLE 135 NORTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
          TABLE 136 NORTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
          TABLE 137 NORTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (KILOTON)
          TABLE 138 NORTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (KILOTON)
          TABLE 139 NORTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY SOURCE, 2018–2020 (USD MILLION)
          TABLE 140 NORTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY SOURCE, 2021–2026 (USD MILLION)
           9.4.1 US
                    9.4.1.1 The country has increased its domestic recycling
                                TABLE 141 US: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
                                TABLE 142 US: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                                TABLE 143 US: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
                                TABLE 144 US: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY 2021–2026 (USD MILLION)
           9.4.2 CANADA
                    9.4.2.1 Canada banned single-use plastics
                                TABLE 145 CANADA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
                                TABLE 146 CANADA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                                TABLE 147 CANADA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
                                TABLE 148 CANADA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY 2021–2026 (USD MILLION)
           9.4.3 MEXICO
                    9.4.3.1 Mexico is the world’s largest consumer of bottled water
                                TABLE 149 MEXICO: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
                                TABLE 150 MEXICO: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                                TABLE 151 MEXICO: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
                                TABLE 152 MEXICO: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
    9.5 SOUTH AMERICA
          TABLE 153 SOUTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY COUNTRY, 2018–2020 (USD MILLION)
          TABLE 154 SOUTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 155 SOUTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY COUNTRY, 2018–2020 (KILOTON)
          TABLE 156 SOUTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
          TABLE 157 SOUTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
          TABLE 158 SOUTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY 2021–2026 (USD MILLION)
          TABLE 159 SOUTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
          TABLE 160 SOUTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
          TABLE 161 SOUTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (KILOTON)
          TABLE 162 SOUTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (KILOTON)
          TABLE 163 SOUTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY SOURCE,  2018–2020 (USD MILLION)
          TABLE 164 SOUTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY SOURCE, 2021–2026 (USD MILLION)
           9.5.1 BRAZIL
                    9.5.1.1 The use of recycled plastics is improving
                                TABLE 165 BRAZIL: RECYCLED PLASTICS MARKET SIZE, BY TYPE,  2018–2020 (USD MILLION)
                                TABLE 166 BRAZIL: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                                TABLE 167 BRAZIL: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
                                TABLE 168 BRAZIL: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY 2021–2026 (USD MILLION)
           9.5.2 ARGENTINA
                    9.5.2.1 Argentina is one of the largest food & beverage markets
                                TABLE 169 ARGENTINA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
                                TABLE 170 ARGENTINA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                                TABLE 171 ARGENTINA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
                                TABLE 172 ARGENTINA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY 2021–2026 (USD MILLION)
           9.5.3 REST OF SOUTH AMERICA
                    TABLE 173 REST OF SOUTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
                    TABLE 174 REST OF SOUTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 175 REST OF SOUTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
                    TABLE 176 REST OF SOUTH AMERICA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
    9.6 MIDDLE EAST & AFRICA
          TABLE 177 MIDDLE EAST & AFRICA: RECYCLED PLASTICS MARKET SIZE, BY COUNTRY, 2018–2020 (USD MILLION)
          TABLE 178 MIDDLE EAST & AFRICA: RECYCLED PLASTICS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 179 MIDDLE EAST & AFRICA: RECYCLED PLASTICS MARKET SIZE, BY COUNTRY, 2018–2020 (KILOTON)
          TABLE 180 MIDDLE EAST & AFRICA: RECYCLED PLASTICS MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
          TABLE 181 MIDDLE EAST & AFRICA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
          TABLE 182 MIDDLE EAST & AFRICA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY 2021–2026 (USD MILLION)
          TABLE 183 MIDDLE EAST & AFRICA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
          TABLE 184 MIDDLE EAST & AFRICA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
          TABLE 185 MIDDLE EAST & AFRICA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (KILOTON)
          TABLE 186 MIDDLE EAST & AFRICA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (KILOTON)
          TABLE 187 MIDDLE EAST & AFRICA: RECYCLED PLASTICS MARKET SIZE, BY SOURCE, 2018–2020 (USD MILLION)
          TABLE 188 MIDDLE EAST & AFRICA: RECYCLED PLASTICS MARKET SIZE, BY SOURCE, 2021–2026 (USD MILLION)
           9.6.1 IRAN
                    9.6.1.1 The country’s packaging industry is developing at a high rate
                                TABLE 189 IRAN: RECYCLED PLASTICS MARKET SIZE, BY TYPE,  2018–2020 (USD MILLION)
                                TABLE 190 IRAN: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                                TABLE 191 IRAN: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
                                TABLE 192 IRAN: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY 2021–2026 (USD MILLION)
           9.6.2 SAUDI ARABIA
                    9.6.2.1 The consumers are investing in innovative packaging designs for newer recycled plastic products
                                TABLE 193 SAUDI ARABIA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
                                TABLE 194 SAUDI ARABIA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                                TABLE 195 SAUDI ARABIA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
                                TABLE 196 SAUDI ARABIA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           9.6.3 SOUTH AFRICA
                    9.6.3.1 Increasing use of recycled plastics in packaging application
                                TABLE 197 SOUTH AFRICA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
                                TABLE 198 SOUTH AFRICA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                                TABLE 199 SOUTH AFRICA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
                                TABLE 200 SOUTH AFRICA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           9.6.4 REST OF MIDDLE EAST & AFRICA
                    TABLE 201 REST OF MIDDLE EAST & AFRICA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2018–2020 (USD MILLION)
                    TABLE 202 REST OF MIDDLE EAST & AFRICA: RECYCLED PLASTICS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 203 REST OF MIDDLE EAST & AFRICA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2018–2020 (USD MILLION)
                    TABLE 204 REST OF MIDDLE EAST & AFRICA: RECYCLED PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)

10 COMPETITIVE LANDSCAPE (Page No. - 176)
     10.1 OVERVIEW
             FIGURE 28 COMPANIES’ KEY GROWTH STRATEGIES, 2018–2021
     10.2 MARKET RANKING
             FIGURE 29 MARKET RANKING OF KEY PLAYERS, 2021
     10.3 REVENUE ANALYSIS
             FIGURE 30 REVENUE ANALYSIS FOR KEY COMPANIES IN RECYCLED PLASTICS MARKET
     10.4 MARKET SHARE ANALYSIS
             TABLE 205 RECYCLED PLASTICS MARKET: MARKET SHARES OF KEY PLAYERS
             FIGURE 31 SHARE OF LEADING COMPANIES IN RECYCLED PLASTICS MARKET
     10.5 COMPETITIVE SITUATION AND TRENDS
             10.5.1 DEALS
                        TABLE 206 DEALS, 2018–2021
             10.5.2 OTHER DEVELOPMENTS
                        TABLE 207 OTHER DEVELOPMENTS, 2018–2021
     10.6 COMPETITIVE EVALUATION MATRIX
             10.6.1 OVERVIEW
             10.6.2 STAR
             10.6.3 PERVASIVE
             10.6.4 EMERGING LEADER
             10.6.5 PARTICIPANT
                        FIGURE 32 RECYCLED PLASTICS MARKET: COMPANY EVALUATION MATRIX, 2020
     10.7 COMPETITIVE BENCHMARKING
             10.7.1 COMPANY OVERALL FOOTPRINT
             10.7.2 COMPANY PRODUCT TYPE FOOTPRINT
             10.7.3 COMPANY END-USE INDUSTRY FOOTPRINT
             10.7.4 COMPANY REGION FOOTPRINT
     10.8 COMPETITIVE LEADERSHIP MAPPING [SMALL AND MEDIUM-SIZED ENTERPRISES (SME) MATRIX]
             10.8.1 PROGRESSIVE COMPANIES
             10.8.2 STARTING BLOCKS
             10.8.3 RESPONSIVE COMPANIES
             10.8.4 DYNAMIC COMPANIES
                        FIGURE 33 RECYCLED PLASTICS MARKET: SME MATRIX, 2020

11 COMPANY PROFILES (Page No. - 194)
     11.1 KEY COMPANIES
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
             11.1.1 INDORAMA VENTURES PUBLIC LTD.
                        TABLE 208 INDORAMA VENTURES PUBLIC LTD.: COMPANY OVERVIEW
                        FIGURE 34 INDORAMA VENTURES PUBLIC LTD.: COMPANY SNAPSHOT
                        TABLE 209 INDORAMA VENTURES PUBLIC LIMITED: DEALS
             11.1.2 VEOLIA
                        TABLE 210 VEOLIA: COMPANY OVERVIEW
                        FIGURE 35 VEOLIA: COMPANY SNAPSHOT
                        TABLE 211 VEOLIA: DEALS
             11.1.3 SUEZ
                        TABLE 212 SUEZ: COMPANY OVERVIEW
                        FIGURE 36 SUEZ: COMPANY SNAPSHOT
                        TABLE 213 SUEZ: DEALS
                        TABLE 214 SUEZ: OTHER DEVELOPMENTS
             11.1.4 JAYPLAS
                        TABLE 215 JAYPLAS: COMPANY OVERVIEW
                        TABLE 216 JAYPLAS: DEALS
                        TABLE 217 JAYPLAS: OTHER DEVELOPMENTS
             11.1.5 ALPEK
                        TABLE 218 ALPEK: COMPANY OVERVIEW
                        FIGURE 37 ALPEK: COMPANY SNAPSHOT
                        TABLE 219 ALPEK: DEALS
             11.1.6 BIFFA
                        TABLE 220 BIFFA: COMPANY OVERVIEW
                        FIGURE 38 BIFFA: COMPANY SNAPSHOT
                        TABLE 221 BIFFA: DEALS
                        TABLE 222 BIFFA: OTHER DEVELOPMENTS
             11.1.7 REPUBLIC SERVICES
                        TABLE 223 REPUBLIC SERVICES: COMPANY OVERVIEW
                        FIGURE 39 REPUBLIC SERVICES: COMPANY SNAPSHOT
                        TABLE 224 REPUBLIC SERVICES: DEAL
             11.1.8 STERICYCLE
                        TABLE 225 STERICYCLE: COMPANY OVERVIEW
                        FIGURE 40 STERICYCLE: COMPANY SNAPSHOT
             11.1.9 FAR EASTERN NEW CENTURY CORPORATION
                        TABLE 226 FAR EASTERN NEW CENTURY CORPORATION: COMPANY OVERVIEW
                        FIGURE 41 FAR EASTERN NEW CENTURY CORPORATION: COMPANY SNAPSHOT
                        TABLE 227 FAR EASTERN NEW CENTURY CORPORATION: DEALS
             11.1.10 KW PLASTICS
                        TABLE 228 KW PLASTICS: COMPANY OVERVIEW
                        TABLE 229 KW PLASTICS: OTHER DEVELOPMENTS
             11.1.11 B.SCHOENBERG & CO.
                        TABLE 230 B.SCHOENBERG & CO.: COMPANY OVERVIEW
             11.1.12 B&B PLASTICS
                        TABLE 231 B&B PLASTICS: COMPANY OVERVIEW
             11.1.13 REMONDIS SE & CO. KG
                        TABLE 232 REMONDIS SE & CO. KG: COMPANY OVERVIEW
                        TABLE 233 REMONDIS SE & CO. KG: DEALS
                        TABLE 234 REMONDIS SE & CO. KG: OTHER DEVELOPMENTS
             11.1.14 CLEAR PATH RECYCLING
                        TABLE 235 CLEAR PATH RECYCLING: COMPANY OVERVIEW
                        TABLE 236 CLEAR PATH RECYCLING: DEALS
             11.1.15 CUSTOM POLYMERS
                        TABLE 237 CUSTOM POLYMERS: COMPANY OVERVIEW
             11.1.16 PLASTIPAK HOLDINGS
                        TABLE 238 PLASTIPAK HOLDINGS: COMPANY OVERVIEW
                        TABLE 239 PLASTIPAK HOLDINGS: DEAL
                        TABLE 240 PLASTIPAK HOLDINGS: OTHER DEVELOPMENTS
             11.1.17 WASTE CONNECTIONS, INC.
                        TABLE 241 WASTE CONNECTIONS, INC.: COMPANY OVERVIEW
                        TABLE 242 WASTE CONNECTIONS, INC : DEALS
             11.1.18 MBA POLYMERS
                        TABLE 243 MBA POLYMERS: COMPANY OVERVIEW
                        TABLE 244 MBA POLYMERS: DEALS
     11.2 OTHER PLAYERS
             11.2.1 ULTRA POLY CORPORATION
                        TABLE 245 ULTRA POLY CORPORATION: COMPANY OVERVIEW
             11.2.2 IMERYS
                        TABLE 246 IMERYS : COMPANY OVERVIEW
             11.2.3 ENVISION PLASTICS
                        TABLE 247 ENVISION PLASTICS: COMPANY OVERVIEW
             11.2.4 PLASGRAN
                        TABLE 248 PLASGRAN: COMPANY OVERVIEW
             11.2.5 KK ASIA PTE LTD
                        TABLE 249 KK ASIA PTE LTD.: COMPANY OVERVIEW
             11.2.6 PET PROCESSORS LLC
                        TABLE 250 PET PROCESSORS LLC: COMPANY OVERVIEW
             11.2.7 CABKA GROUP
                        TABLE 251 CABKA GROUP: COMPANY OVERVIEW
             11.2.8 PHOENIX TECHNOLOGIES
                        TABLE 252 PHOENIX TECHNOLOGIES: COMPANY OVERVIEW
             11.2.9 FRESH PAK CORPORATION
                        TABLE 253 FRESH PAK CORPORATION: COMPANY OVERVIEW
             11.2.10 REPLAS
                        TABLE 254 REPLAS: COMPANY OVERVIEW
     11.3 LIST OF OTHER IMPORTANT PLAYERS

*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

12 APPENDIX (Page No. - 245)
     12.1 DISCUSSION GUIDE
     12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     12.3 AVAILABLE CUSTOMIZATIONS
     12.4 RELATED REPORTS
     12.5 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the recycled plastics market. Exhaustive secondary research was done to collect information on the market, peer markets, and parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the recycled plastics value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources referred to for this study include Hoovers, Bloomberg, BusinessWeek, and Dun & Bradstreet, were referred for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles by recognized authors, authenticated directories, and databases. Secondary data has been collected and analysed to arrive at the overall market size, which is further validated by primary research.

Primary Research

The recycled plastics market comprises several stakeholders, such as raw material suppliers, manufacturers, distributors, microencapsulation service providers, end-product manufacturers, and regulatory organizations in the supply chain.

As part of the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report on the recycled plastics market. Primary sources from the supply side included industry experts such as Chief Executive Officers (CEOs), vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the recycled plastics market. Primary sources from the demand side included directors, marketing heads, and purchase managers from various end-use industries.

Breakdown of the Primary Interviews

Recycled Plastics Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the recycled plastics market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size included the following:

  • The key players in the market have been identified through extensive secondary research.
  • The supply chain of the industry and the market size in terms of value and volume have been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data
  • The research includes the study of reports, reviews, and newsletters of the key market players, along with extensive interviews for opinions from leaders such as directors and marketing executives

Global Recycled Plastics Market Size: Bottom-Up Approach

Recycled Plastics Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition to this, the market size was validated using both top-down and bottom-up approaches.

Report Objectives

  • To define, describe, and forecast the recycled plastics market in terms of value and volume
  • To provide detailed information about the key growth factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze and forecast the size of the market on the basis of source, type, and end-use industry
  • To estimate and forecast the market size on the basis of five regions: Europe, Asia Pacific (APAC), North America, the Middle East & Africa, and South America
  • To estimate and forecast the recycled plastics market at the country level in each of the regions
  • To analyze market opportunities and competitive landscape of the stakeholders and market leaders
  • To analyze competitive developments, such as new product developments, expansions, acquisitions, and joint ventures in the market
  • To strategically identify and profile key market players and analyze their core competencies

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Further country-level breakdown of the Rest of Europe into Sweden, Norway, and Denmark recycled plastics market
  • Product matrix, which gives a detailed comparison of the product portfolio of each company
  • Profiling of additional market players (up to five)
Recycled Plastics Market Size,  Share & Growth Report
Report Code
CH 6190
Published ON
Mar, 2022
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