Plastic Recycling Market: Ban on Plastics in Developed Regions Widens Scope, TMR

Transparency Market
Research
PLASTIC RECYCLING MARKET
- GLOBAL INDUSTRY ANALYSIS, SIZE, SHARE, GROWTH, TRENDS, AND
FORECAST 2016 – 2024
Published Date
30-Jan-2017
177 Page Report
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Press Release
Global Plastic Recycling Market: Ban on Plastics in Developed
Regions Widens Scope, Observes TMR
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Plastic Recycling Market
REPORT DESCRIPTION
Plastic Recycling Market (Source - Rigid Packaging and Non-rigid
Packaging; Material - PET, PP, HDPE, LDPE, PS, PVC, ABS, Nylon,
and Polycarbonate; Application - Packaging, Food Contact, Nonfood Contact, Automotive, Construction, Textile, Industrial, and
Consumer Goods) - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024
The consumers in the global plastic recycling market lack brand loyalty due to the presence of a
large number of players. This aspect has also stiffened the competition in the overall market, states
Transparency Market Research. The leading player in the market is Plasgran Ltd., which offers a
comprehensive collection of facility that enables smooth sorting and baling and separation and
compounding operations. The other players in the market are expected to focus on expanding their
businesses to emerging economies for capturing a wider geographical reach.
According to the research report, the global plastic recycling market has been valued at US$56.8 bn
by 2024 as compared to US$31.5 bn in 2015. Between the forecast years of 2016 and 2024, the
global market is expected to progress at a CAGR of 6.9%.
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Asia Pacific to Remain Dominant as Consumption of Plastic Rises
On the basis of material, the global plastic recycling market has been segmented into PET, HDPE,
PP, LDPE, PVC, PS, and others such as nylon, polycarbonate, and ABS. Of these, HDPE is
expected to remain a dominant material segment during the forecast period. In terms of revenue, this
segment is projected to expand at a CAGR of 7.4% between 2016 and 2024. The demand for HDPE
is expected to remain high as it is extensively used in residential and packaging applications.
Geographically, the global plastic recycling market is segmented into North America, Europe, the
Middle East and Africa, and Latin America. Regionally, Asia Pacific is anticipated to remain dominant
in the global market as it is slated to acquire a share of 71.3% by the end of 2024. The increasing
plastic consumption along with increasing pressure of eco-friendly disposal of plastic waste is
expected to keep the regional market ahead of the pack.
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Overflowing Landfills Increase Pressure on Governments for Recycling Plastic
The growing pressure of overflowing landfills has been the primary growth driver for the global plastic
recycling market. This factor has proven to be an important driver for the plastic recycling market in
developed regions such as Europe. The mounting plastic waste has triggered Herculean task of
recycling plastic waste. Furthermore, the European Committee of Region’s (CoR) support for the ban
on all dumping plastics in landfills across the European 2020 has also won the market a special
impetus.
The growing awareness about protecting the environment, hazardous impact of plastic wastes on
landfills and animals, and need to reduce the carbon footprint has also fueled the global plastic
recycling market. Owing to these reasons, solutions such as drop-off recycling, curbside recycling,
buy-back centers, and deposit/refund centers are helping various organizations to channelize trash
for recycling. The global market is also gaining momentum due to the cost-effectiveness of recycling
plastic over manufacturing plastic. Production of plastic requires a large amount of crude oil, which
has gotten expensive with each passing year, thus making the option of recycling existing plastic far
cheaper.
Poor Collection Systems to Restrain Market Growth
Despite the benefits of plastic recycling, the global market for the same is being held back due to
several reasons. To begin with, the poor system of collecting waste materials is the key restraint for
the global market. “About 10% of the overall waste produced in Africa is funneled through the
collection systems,” states the lead author of this research report. The author further states that the
remaining 90% goes unaccounted for resulting in addition to landfills or being dumped into oceans
and river streams.
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TABLE OF CONTENT
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1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Assumptions and Acronyms Used
2.2. Research Methodology
3. Executive Summary
3.1. Market Size, Indicative (US$ Bn)
3.2. Top 3 Trends
3.3. Revenue Share, by Region, Source, Material, and Application, 2015
4. Market Overview
4.1. Product Overview
4.2. Key Industry Developments
4.3. Macro-economic Factors
4.4. Market Indicators
4.5. Drivers and Restraints Snapshot Analysis
4.5.1. Drivers
4.5.2. Restraints
4.5.3. Opportunities
4.6. Plastic Recycling Market: Global Demand-Supply Scenario
4.7. Porter’s Analysis
4.7.1. Threat of Substitutes
4.7.2. Bargaining Power of Buyers
4.7.3. Bargaining Power of Suppliers
4.7.4. Threat of New Entrants
4.7.5. Degree of Competition
4.8. Value Chain Analysis
4.9. Global Plastic Recycling Market Analysis and Forecasts
4.10. Global Plastic Recycling Market Outlook
5. Global Plastic Recycling Market Value Share Analysis, by Source
5.1. Key Findings
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5.2. Introduction
5.3. Global Plastic Recycling Market Value Share Analysis, by Source
5.4. Rigid Plastics
5.5. Non-Rigid Plastics
5.6. Global Plastic Recycling Market Attractiveness Analysis, by Source
5.7. Key Trends
6. Global Plastic Recycling Market Value Share Analysis, by Material
6.1. Key Findings
6.2. Introduction
6.3. Global Plastic Recycling Market Value Share Analysis, by Material
6.4. PET
6.5. PP
6.6. HDPE
6.7. LDPE
6.8. PS
6.9. PVC
6.10. Others
6.11. Global Plastic Recycling Market Attractiveness Analysis, by Material
6.12. Key Trends
7. Global Plastic Recycling Market Value Share Analysis, by Application
7.1. Key Findings
7.2. Introduction
7.3. Global Plastic Recycling Market Value Share Analysis, by Application
7.4. Packaging
7.4.1. Food Contact
7.4.2. Non Food Contact
7.5. Automotive
7.6. Construction
7.7. Textile
7.8. Others
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7.9. Global Plastic Recycling Market Attractiveness Analysis, by Application
7.10. Key Trends
8. Plastic Recycling Market Analysis by Region
8.1. Global Country Scenario
8.2. Global Plastic Recycling Market Value Share Analysis, by Region
8.3. Plastic Recycling Market Forecast, by Region
9. North America Plastic Recycling Market Analysis
9.1. Key Findings
9.2. North America Plastic Recycling Market Overview
9.3. North America Market Forecast, by Source
9.4. North America Market Forecast, by Material
9.5. North America Market Forecast, by Application
9.6. North America Market Forecast, by Country
9.7. North America Market Attractiveness Analysis
9.8. Market Trends
10. Europe Plastic Recycling Market Analysis
10.1. Key Findings
10.2. Europe Plastic Recycling Market Overview
10.3. Europe Market Forecast, by Source
10.4. Europe Market Forecast, by Material
10.5. Europe Market Forecast, by Application
10.6. Europe Market Forecast, by Country
10.7. Europe Market Attractiveness Analysis
10.8. Market Trends
11. Asia Pacific Plastic Recycling Market Analysis
11.1. Key Findings
11.2. Asia Pacific Plastic Recycling Market Overview
11.3. Asia Pacific Market Forecast, by Source
11.4. Asia Pacific Market Forecast, by Material
11.5. Asia Pacific Market Forecast, by Application
11.6. Asia Pacific Market Forecast, by Country
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11.7. Asia Pacific Market Attractiveness Analysis
11.8. Market Trends
12. Middle East & Africa Plastic Recycling Market Analysis
12.1. Key Findings
12.2. Middle East & Africa Plastic Recycling Market Overview
12.3. Middle East & Africa Market Forecast, by Source
12.4. Middle East & Africa Market Forecast, by Material
12.5. Middle East & Africa Market Forecast, by Application
12.6. Middle East & Africa Market Forecast, by Country
12.7. Middle East & Africa Market Attractiveness Analysis
12.8. Market Trends
13. Latin America Plastic Recycling Market Analysis
13.1. Key Findings
13.2. Latin America Plastic Recycling Market Overview
13.3. Latin America Market Forecast, by Source
13.4. Latin America Market Forecast, by Material
13.5. Latin America Market Forecast, by Application
13.6. Latin America Market Forecast, by Country
13.7. Latin America Market Attractiveness Analysis
13.8. Market Trends
14. Competition Landscape
14.1. Plastic Recycling Market Share Analysis by Company (2015)
14.2. Competition Matrix
14.2.1. Kuusakoski
14.2.2. PLASgran Ltd.
14.2.3. KW Plastics
14.2.4. Envision Plastics
14.3. Company Profiles
14.3.1. ARORA FIBRES Limited
14.3.1.1. Company Description
14.3.1.2. Business Overview
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14.3.1.3. SWOT Analysis
14.3.1.4. Financial Details
14.3.1.5. Strategic Overview
14.3.2. Kuusakoski
14.3.2.1. Company Description
14.3.2.2. Business Overview
14.3.2.3. SWOT Analysis
14.3.2.4. Financial Details
14.3.2.5. Strategic Overview
14.3.3. B&B Plastics Inc.
14.3.3.1. Company Description
14.3.3.2. Business Overview
14.3.4. CarbonLite Industries LLC
14.3.4.1. Company Description
14.3.4.2. Business Overview
14.3.5. Consolidated Containers Company
14.3.5.1. Company Description
14.3.5.2. Business Overview
14.3.6. Custom Polymers, Inc.
14.3.6.1. Company Description
14.3.6.2. Business Overview
14.3.7. Dart Container Corporation
14.3.7.1. Company Description
14.3.7.2. Business Overview
14.3.8. Envision Plastics.
14.3.8.1. Company Description
14.3.8.2. Business Overview
14.3.9. Fresh -Pak Corp
14.3.9.1. Company Description
14.3.9.2. Business Overview
14.3.10. Hilex Poly Company LLC
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14.3.10.1. Company Description
14.3.10.2. Business Overview
14.3.11. KW Plastics
14.3.11.1. Company Description
14.3.11.2. Business Overview
14.3.12. MBA Polymers UK Ltd.
14.3.12.1. Company Description
14.3.12.2. Business Overview
14.3.13. PLASgran Ltd.
14.3.13.1. Company Description
14.3.13.2. Business Overview
14.3.14. Plastipak Holdings, Inc.
14.3.14.1. Company Description
14.3.14.2. Business Overview
14.3.15. WM Recycle America LLC
14.3.15.1. Company Description
14.3.15.2. Business Overview
14.3.16. WELLPINE PLASTIC
14.3.16.1. Company Description
14.3.16.2. Business Overview
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According to the research report, the global plastic recycling market has been valued at US$56.8 bn by 2024 as compared to US$31.5 bn in 2015. Between the forecast years of 2016 and 2024, the global market is expected to progress at a CAGR of 6.9%.