The global market for plastic recycling has been examined in a detailed market research report by Transparency Market Research. The report, titled “Plastic Recycling Market - Global Industry Analysis, Market Size, Share, Growth, Trends & Forecast 2016 – 2023,” gives a detailed account of the current state of the market, presents qualitative and quantitative data pertaining to major trends of the past years, and presents a professionally sound forecast for the overall state of development of the global plastic recycling market over the report’s forecast period.
The report presents an overview of the projected impact of the several growth drivers, challenges, and prevailing trends on market’s future development. The report states that the advancements in recycling technologies have led to a significant rise in the applications of recycled plastic in the global market.
The report states that factors such as the availability of clean feedstock, rising consumer awareness regarding products with recycled substances, and stringent regulations related to recycling of a variety of materials across several economies are some of the major factors that will bolster the global plastic recycling market over the report’s forecast period. The market is expected to be restrained to a certain extent owing to challenges involved in recycling mixed plastic waste and the collection of recyclable plastics.
The plastic recycling market can be segmented into the major types of plastics commercially produced: thermoplastic polymers and thermoset plastics. Other than these two prominent types of plastics, polyhydroxyalkanoates (PHA) and Polylactic acid (PLA), the plastics derived from corn have started taking the place of hydrocarbon-derived thermoplastics in a variety of applications. The cleaner form of these plastics as compared to the traditional hydrocarbon-derived plastics makes them more viable for recycling, and are expected to significantly impact the overall development of the global plastic recycling market in the next few years.
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From a geographic viewpoint, the global plastic recycling market can be segmented on the basis of imports and exports of plastic waste. Countries such as the USA, China, the Netherlands, the U.K, Germany, Japan, and Belgium are the primary importers and exporters of plastic waste across the globe. Of these, China is the largest importer as well as exporter for waste plastics.
The report also presents a comprehensive scenario of the competitive landscape of the global plastic recycling market with the help of SWOT analysis, new project feasibility analysis, finance-related data (where available), and business profiles of some of the major vendors operating in the market. Some of the major companies in the market profiled in the report are PARC Corporation, B & B plastics incorporation, B. Schoenberg & Corporation, APC Recycling, Omni Resource Recovery, Coll Materials/Nicos Polymers, Custom Polymers Incorporation, Norwich Plastics, United Plastic Recycling, NAM Polymers, and Maine Plastics Incorporation.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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