For creating sustainable and profitable business strategies, valuable and actionable market insights are significant for all time. This Global Recycled Plastic Market research document is right there to serve such needs of businesses and hence analyses the market from top to bottom by considering plentiful of aspects. This market research document provides an analytical measurement of the main challenges faced by the business currently and in the upcoming years. This market research document involves a key data and information about the Chemical industry, emerging trends, product usage, motivating factors for customers and competitors, restraints, brand positioning, and customer behaviour.
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Global Recycled Plastic Market By Type (Polyethylene Terephthalate, Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, Others), Source (Bottles, Bags, Films, Fibers, Foams, Others), Industry (Packaging, Building & Construction, Textile, Automotive, Electrical & Electronics, Household Goods, Agriculture, Healthcare, Others), Geography (North America, South America, Europe, Asia-Pacific and Middle East& Africa) – Industry Trends and Forecast to 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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Global recycled plastic market is expected to register a substantial CAGR of 9.8% in the forecast period of 2019 -2026
Segmentation: Global Recycled Plastic Market
Global 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
Competitive Analysis: Global 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, K K Asia (HK) Ltd., Berry Global 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.
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Product Launches:
-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 February 2018, Envision Plastics announced the launch of a bottle which uses their Ocean Bound plastic at 100 percent content and as the sole colorant carrier. Through this, the company will be able to expand its product portfolio in the market
-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 U.K. instead any other region
Research Methodology: Global Recycled Plastic Market
Primary Respondents: Key industry participants, subject-matter experts (SMEs), C-level executives of key market players, and industry consultants
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