Plastic Recycling Market Analysis and Forecast to 2031: By Source (Films, Fibers, Foams, Others), Type (Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), Others), End-Use Industry (Packaging, Textile, Automotive, Others), and Region

Plastic recycling is the process of recovering scrap or waste plastic and reprocessing the material into useful products. Since the vast majority of plastic is non-biodegradable, recycling is a part of global efforts to reduce plastic in the waste stream, especially the approximately 8 million tons of waste plastic that enters the Earth’s ocean every year.

There are several different types of processes used to recycle plastic. The most common method is called thermal depolymerization, which uses high temperatures to break down the plastic into its component parts. These parts can then be used to create new plastic products.

Some plastics are more difficult to recycle than others. For example, polystyrene, the type of plastic used to make Styrofoam, is not commonly recycled because it is difficult to break down. However, there are some companies that are working on new methods to recycle this type of plastic.

Key Trends

The key trends in plastic recycling technology are higher throughputs, better quality material, lower energy consumption, and lower costs.

Higher Throughputs: Newer plastic recycling technologies are capable of processing larger amounts of material faster than ever before. This is important because it allows recycling facilities to keep up with the ever-increasing demand for recycled plastic.

Better Quality Material: Newer plastic recycling technologies are also able to produce a higher quality recycled plastic. This is important because it allows recycled plastic to be used in a wider variety of applications.

Lower Energy Consumption: One of the biggest trends in plastic recycling technology is the move towards lower energy consumption. This is important because it reduces the environmental impact of plastic recycling and makes it more cost-effective.

Lower Costs: Another big trend in plastic recycling technology is the move towards lower costs. This is important because it makes recycled plastic more affordable and thus more likely to be used.

Key Drivers

The key drivers of the plastic recycling market are the increasing environmental awareness among the people and the stringent government regulations regarding the waste management. The people are now more conscious about the harmful effects of the plastic waste on the environment and are demanding for the better recycling facilities. The government is also taking various measures to reduce the plastic waste and promote the recycling of the plastic.

Restraints & Challenges

The key restraints and challenges in the Plastic Recycling market are as follows:

1. Lack of awareness about the benefits of recycling: There is a lack of awareness about the benefits of recycling plastic among the general population. This is one of the major restraints for the growth of the plastic recycling market.

2. Lack of infrastructure: There is a lack of infrastructure for recycling plastic. This is one of the major restraints for the growth of the plastic recycling market.

3. High cost of recycling: The cost of recycling plastic is high. This is one of the major restraints for the growth of the plastic recycling market.

4. Volatility in raw material prices: The prices of raw materials used for recycling plastic are volatile. This is one of the major restraints for the growth of the plastic recycling market.

Market Segments

The plastic recycling market report is bifurcated on the basis of source, type, end-use industry, and region. On the basis of source, it is segmented into films, fibers, foams, and others. Based on type, it is analyzed across polyethylene (PE), polypropylene (PP), polystyrene (PS), and others. By end-use industry, it is divided into packaging, textile, automotive, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.

Key Players

The plastics recycling market report includes players such as Veolia, Suez, Jayplas, Alpek, Biffa, Republic Services, Stericycle, KW Plastics,  B. Schoenberg & Co., and B&B Plastics.

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Table of Contents

Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Plastics Recycling Market Outlook
3.1. Plastics Recycling Market Segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Global Plastics Recycling Market

Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Global Plastics Recycling Market
4.3. Economic Impact Analysis

Chapter 5. Plastics Recycling Market by Source
5.1. Market Overview
5.2. Films
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Fibers
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.4. Foams
5.4.1. Market Size and Forecast, 2021-2031 ($Million)
5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.5. Others
5.5.1. Market Size and Forecast, 2021-2031 ($Million)
5.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 6. Plastics Recycling Market by Type
6.1. Market Overview
6.2. Polyethylene (PE)
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Polypropylene (PP)
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. Polystyrene (PS)
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.5. Others
6.5.1. Market Size and Forecast, 2021-2031 ($Million)
6.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 7. Plastics Recycling Market by End-Use Industry
7.1. Market Overview
7.2. Packaging
7.2.1. Market Size and Forecast, 2021-2031 ($Million)
7.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.3. Textile
7.3.1. Market Size and Forecast, 2021-2031 ($Million)
7.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.4. Automotive
7.4.1. Market Size and Forecast, 2021-2031 ($Million)
7.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.5. Others
7.5.1. Market Size and Forecast, 2021-2031 ($Million)
7.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 8. Plastics Recycling Market, by Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends and Opportunities
8.2.2. North America Plastics Recycling Market Size and Forecast by Source, 2021-2031, ($Million)
8.2.3. North America Plastics Recycling Market Size and Forecast by Type, 2021-2031, ($Million)
8.2.4. North America Plastics Recycling Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
8.2.5. North America Plastics Recycling Market Size and Forecast by Country, 2021-2031, ($Million)
8.2.6. The U.S.
8.2.6.1. The U.S. Plastics Recycling Market Size and Forecast by Source, 2021-2031, ($Million)
8.2.6.2. The U.S. Plastics Recycling Market Size and Forecast by Type, 2021-2031, ($Million)
8.2.6.3. The U.S. Plastics Recycling Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
8.2.7. Canada
8.2.7.1. Canada Plastics Recycling Market Size and Forecast by Source, 2021-2031, ($Million)
8.2.7.2. Canada Plastics Recycling Market Size and Forecast by Type, 2021-2031, ($Million)
8.2.7.3. Canada Plastics Recycling Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
8.2.8. Mexico
8.2.8.1. Mexico Plastics Recycling Market Size and Forecast by Source, 2021-2031, ($Million)
8.2.8.2. Mexico Plastics Recycling Market Size and Forecast by Type, 2021-2031, ($Million)
8.2.8.3. Mexico Plastics Recycling Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Europe Plastics Recycling Market Size and Forecast by Source, 2021-2031, ($Million)
8.3.3. Europe Plastics Recycling Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.4. Europe Plastics Recycling Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
8.3.5. Europe Plastics Recycling Market Size and Forecast by Country, 2021-2031, ($Million)
8.3.6. Germany
8.3.6.1. Germany Plastics Recycling Market Size and Forecast by Source, 2021-2031, ($Million)
8.3.6.2. Germany Plastics Recycling Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.6.3. Germany Plastics Recycling Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
8.3.7. France
8.3.7.1. France Plastics Recycling Market Size and Forecast by Source, 2021-2031, ($Million)
8.3.7.2. France Plastics Recycling Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.7.3. France Plastics Recycling Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
8.3.8. U.K.
8.3.8.1. U.K. Plastics Recycling Market Size and Forecast by Source, 2021-2031, ($Million)
8.3.8.2. U.K. Plastics Recycling Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.8.3. U.K. Plastics Recycling Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
8.3.9. Spain
8.3.9.1. Spain Plastics Recycling Market Size and Forecast by Source, 2021-2031, ($Million)
8.3.9.2. Spain Plastics Recycling Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.9.3. Spain Plastics Recycling Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
8.3.10. Italy
8.3.10.1. Italy Plastics Recycling Market Size and Forecast by Source, 2021-2031, ($Million)
8.3.10.2. Italy Plastics Recycling Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.10.3. Italy Plastics Recycling Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
8.3.11. Rest of Europe
8.3.11.1. Rest of Europe Plastics Recycling Market Size and Forecast by Source, 2021-2031, ($Million)
8.3.11.2. Rest of Europe Plastics Recycling Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.11.3. Rest of Europe Plastics Recycling Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Asia-Pacific Plastics Recycling Market Size and Forecast by Country, 2021-2031, ($Million)
8.4.3. Asia-Pacific Plastics Recycling Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.4. Asia-Pacific Plastics Recycling Market Size and Forecast by Source, 2021-2031, ($Million)
8.4.5. Asia-Pacific Plastics Recycling Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
8.4.6. China
8.4.6.1. China Plastics Recycling Market Size and Forecast by Source, 2021-2031, ($Million)
8.4.6.2. China Plastics Recycling Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.6.3. China Plastics Recycling Market Size and Forecast by Product Application, 2021-2031, ($Million)
8.4.7. India
8.4.7.1. India Plastics Recycling Market Size and Forecast by Source, 2021-2031, ($Million)
8.4.7.2. India Plastics Recycling Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.7.3. India Plastics Recycling Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
8.4.8. Japan
8.4.8.1. Japan Plastics Recycling Market Size and Forecast by Source, 2021-2031, ($Million)
8.4.8.2. Japan Plastics Recycling Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.8.3. Japan Plastics Recycling Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
8.4.9. South Korea
8.4.9.1. South Korea Plastics Recycling Market Size and Forecast by Source, 2021-2031, ($Million)
8.4.9.2. South Korea Plastics Recycling Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.9.3. South Korea Plastics Recycling Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
8.4.10. Rest of APAC
8.4.10.1. Rest of APAC Plastics Recycling Market Size and Forecast by Source, 2021-2031, ($Million)
8.4.10.2. Rest of APAC Plastics Recycling Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.10.3. Rest of APAC Plastics Recycling Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
8.5. Rest of the World
8.5.1. Key Market Trends and Opportunities
8.5.2. Rest of the World Plastics Recycling Market Size and Forecast by Source, 2021-2031, ($Million)
8.5.3. Rest of the World Plastics Recycling Market Size and Forecast by Type, 2021-2031, ($Million)
8.5.4. Rest of the World Plastics Recycling Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
8.5.5. Rest of the World Plastics Recycling Market Size and Forecast by Country, 2021-2031, ($Million)
8.5.6. Latin America
8.5.6.1. Latin America Plastics Recycling Market Size and Forecast by Source, 2021-2031, ($Million)
8.5.6.2. Latin America Plastics Recycling Market Size and Forecast by Type, 2021-2031, ($Million)
8.5.6.3. Latin America Plastics Recycling Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
8.5.7. Middle East
8.5.7.1. Middle East Plastics Recycling Market Size and Forecast by Source, 2021-2031, ($Million)
8.5.7.2. Middle East Plastics Recycling Market Size and Forecast by Type, 2021-2031, ($Million)
8.5.7.3. Middle East Plastics Recycling Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
8.5.8. Africa
8.5.8.1. Africa Plastics Recycling Market Size and Forecast by Source, 2021-2031, ($Million)
8.5.8.2. Africa Plastics Recycling Market Size and Forecast by Type, 2021-2031, ($Million)
8.5.8.3. Africa Plastics Recycling Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)

Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Developmental Strategy Benchmarking
9.3.1. New Product Development
9.3.2. Product Launches
9.3.3. Business Expansions
9.3.4. Partnerships, Joint Ventures, and Collaborations
9.3.5. Mergers and Acquisitions

Chapter 10. Company Profiles
10.1. Veolia
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Offerings
10.1.4. Key Strategic Initiatives
10.1.5. SWOT Analysis
10.2. Suez
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product offerings
10.2.4. Key Strategic Initiatives
10.2.5. SWOT Analysis
10.3. Jayplas
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product offerings
10.3.4. Key Strategic Initiatives
10.3.5. SWOT Analysis
10.4. Alpek
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product offerings
10.4.4. Key Strategic Initiatives
10.4.5. SWOT Analysis
10.5. Biffa
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product offerings
10.5.4. Key Strategic Initiatives
10.5.5. SWOT Analysis
10.6. Republic Services
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product offerings
10.6.4. Key Strategic Initiatives
10.6.5. SWOT Analysis
10.7. Stericylce
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product offerings
10.7.4. Key Strategic Initiatives
10.7.5. SWOT Analysis
10.8. KW Plastics
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product offerings
10.8.4. Key Strategic Initiatives
10.8.5. SWOT Analysis
10.9. B. Schoenberg & Co.
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product offerings
10.9.4. Key Strategic Initiatives
10.9.5. SWOT Analysis
10.10. B&B Plastics
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product offerings
10.10.4. Key Strategic Initiatives
10.10.5. SWOT Analysis

*The list of company is subject to change during the final compilation of the report
Key Players
  • Veolia
  • Suez
  • Jayplas
  • Alpek
  • Biffa
  • Republic Services
  • Stericycle
  • KW Plastics
  • B. Schoenberg & Co.
  • B&B Plastics
Market Segments

By Source

  • Films
  • Fibers
  • Foams
  • Others

By Type 

  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polystyrene (PS)
  • Others

By End-Use Industry

  • Packaging
  • Textile
  • Automotive
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • The Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

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