Global Recycled Plastic Market to reach USD 66.64 billion by 2027.Global Recycled Plastic Market is valued approximately at USD 47.36 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5% over the forecast period 2021-2027. Recycled plastic is used to reduce the environment degradation, as plastic is non-biodegradable, so it is recycled and used rather than dumping in the soil or water. The global Recycled Plastic market is being driven by rising demand for packaged food sales which use plastics for the food packaging. For instance: according to the Statista, the global sales of packaged food have increased from USD 2578.9 Billion in 2018 to USD 2644.1 Billion in 2019. Another important driving factor is the rising e-commerce sales around the world. According to the United Nations Conference on Trade and Development, the e-commerce sales have seen an increase from 25.64 trillion in 2018 to 26.67 trillion in 2019. Furthermore, the favorable initiatives to promote the use of recycled plastics, high plastic consumption and increasing awareness regarding environment friendly products will provide new opportunities for the global Recycled Plastic industry. However, increase in the ban on imports of waste or scrap plastics in certain countries such as China and unregulated collection of raw material may impede market growth over the forecast period of 2021-2027.

The regional analysis for the global Recycled Plastic Market is based on the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific is the leading region across the world in terms of market share and is also anticipated to exhibit the highest CAGR over the forecast period 2021-2027 due to supportive government initiatives for manufacturing as well as adopting environment friendly products, enhancing end-use industries such as automotive, electronics, and others, along with presence of affordable skilled workforce and increasing consumption of plastics in the region.

Major market player included in this report are:
Remondis Se & Co. Kg
Biffa
Stericycle
Republic Services, Inc.
WM Intellectual Property Holdings, L.L.C.
Veolia
Shell International B.V.
Waste Connections
Clean Harbors, Inc.
Covestro AG

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Polyethylene
Polyethylene Terephthalate
Polypropylene
Others
By Source:
Plastic Bottles
Plastic Films
Polymer Foam
Others
By Application:
Building & Construction
Packaging
Electrical & Electronics
Textiles
Automotive
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Recycled Plastic Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors