Global Rigid Recycled Plastics Market – Industry Trends and Forecast to 2028
Global Rigid Recycled Plastics Market, By Product Type (Polyethylene Terephthalate (PET), High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Polyvinyl Chloride (PVC), Others), Source (Plastic Bottles, Plastic Bags & Films, Synthetic Fiber, Rigid Plastics & Foams, Others), End-Use Industry (Building & Construction, Textiles, Automotive, Electrical & Electronics, Packaging, Others) Country (U.S., copyright, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The rigid recycled plastics market will reach at an estimated value of USD 870.90 million and grow at a rate of 5.70% for the forecast period of 2021 to 2028. Rise in the usage of recycled plastics in numerous end-use industries such as automotive and building & construction is a vital factor driving the growth of rigid recycled plastics market.
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**Segments**
- **Type:** In the Rigid Recycled Plastics market, the type segment plays a crucial role in driving growth. This segment can be further divided into Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Polypropylene (PP), and others. PET is widely used due to its recyclability and versatility, making it a popular choice among manufacturers. HDPE is also in high demand as it offers strength and durability, ideal for packaging and construction applications. PP is known for its resistance to fatigue and high heat, making it suitable for automotive and industrial uses.
- **End-Use Industry:** The end-use industry segment is essential to understanding the diverse applications of rigid recycled plastics. This segment includes packaging, construction, automotive, electrical & electronics, and others. The packaging industry dominates the market due to the increasing emphasis on sustainable packaging solutions. The construction sector is also a significant consumer of rigid recycled plastics due to their durability and cost-effectiveness. The automotive industry utilizes these plastics for interior and exterior components to reduce weight and enhance fuel efficiency.
- **Region:** Geographically, the market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America holds a significant market share due to strict regulations promoting sustainability and recycling practices. Europe follows closely behind, driven by initiatives to achieve a circular economy. The Asia Pacific region is poised for substantial growth due to rapid industrialization and urbanization, leading to increased demand for recycled plastics. Latin America and the Middle East & Africa are also emerging markets with untapped potential.
**Market Players**
- **Veolia**
- **SUEZ**
- **KW Plastics**
- **Jayplas**
- **Imerys**
- **B. Schoenberg & Co., Inc.**
- **Plastic Recycling of Iowa Falls, Inc.**
- **R.J.M. International, Inc.**
- **PLASgran LtdVeolia and SUEZ are among the key players in the rigid recycled plastics market, renowned for their comprehensive waste management and recycling solutions. These companies have a strong presence globally, offering a wide range of services from collection to processing and recycling of plastics. Veolia, for instance, has been at the forefront of sustainable practices, collaborating with various industries to promote circular economy principles. SUEZ is also a major player, focusing on innovation and technology to drive efficiency in plastic recycling processes.
KW Plastics is a prominent player known for its expertise in recycling HDPE and PP plastics. The company has established itself as a leader in the recycling industry by investing in advanced technologies and infrastructure to enhance its plastic reprocessing capabilities. With a commitment to quality and sustainability, KW Plastics continues to play a vital role in meeting the increasing demand for recycled plastics in various sectors.
Jayplas is another key player in the market, specializing in the collection and processing of rigid plastics for recycling. The company's strategic partnerships and collaborations with manufacturers have enabled it to expand its operations and offer tailored recycling solutions to meet specific industry requirements. Jayplas' focus on innovation and environmental stewardship has positioned it as a preferred choice for businesses looking to enhance their sustainability initiatives through plastic recycling.
Imerys, a global leader in mineral-based solutions, has also made significant strides in the rigid recycled plastics market. The company leverages its expertise in mineral processing to develop sustainable additives and fillers that enhance the properties of recycled plastics. Imerys' innovative products contribute to the improved performance and quality of recycled plastics, making them suitable for a wide range of applications across industries.
B. Schoenberg & Co., Inc., Plastic Recycling of Iowa Falls, Inc., R.J.M. International, Inc., and PLASgran Ltd are other notable players in the market, each bringing unique capabilities and strengths to the table. These companies have demonstrated a commitment to sustainability and circular economy principles, driving the adoption of recycled plastics in various end**Industry Trends and Forecast**
- The global Rigid Recycled Plastics Market is projected to witness significant growth in the coming years driven by increasing environmental concerns, stringent regulations promoting recycling practices, and rising demand for sustainable packaging solutions.
- Polyethylene Terephthalate (PET) segment is expected to dominate the market owing to its recyclability and versatility, along with the growing emphasis on reducing plastic waste and promoting a circular economy.
- Packaging industry is anticipated to maintain its lead in the end-use industry segment, fueled by the escalating need for eco-friendly packaging materials and the trend towards sustainable consumption.
- North America and Europe are poised to continue their prominence in the market, driven by favorable government initiatives, advanced recycling infrastructure, and heightened awareness among consumers regarding the benefits of using recycled plastics.
- Asia Pacific region is forecasted to exhibit substantial growth attributed to rapid industrialization, urbanization, and increasing investments in recycling technologies to address plastic waste management challenges effectively.
The global Rigid Recycled Plastics Market, segmented by product type (Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polyvinyl Chloride (PVC), Others), source (Plastic Bottles, Plastic Bags & Films, Synthetic Fiber, Rigid Plastics & Foams, Others), end-use industry (Building & Construction, Textiles, Automotive, Electrical & Electronics, Packaging, Others), and country (U.S., copyright,
Highlights of TOC:
Chapter 1: Market overview
Chapter 2: Global Rigid Recycled Plastics Market
Chapter 3: Regional analysis of the Global Rigid Recycled Plastics Market industry
Chapter 4: Rigid Recycled Plastics Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
Key Questions Answered with this Study
1) What makes Rigid Recycled Plastics Market feasible for long term investment?
2) Know value chain areas where players can create value?
3) Teritorry that may see steep rise in CAGR & Y-O-Y growth?
4) What geographic region would have better demand for product/services?
5) What opportunity emerging territory would offer to established and new entrants in Rigid Recycled Plastics Market?
6) Risk side analysis connected with service providers?
7) How influencing factors driving the demand of Rigid Recycled Plastics in next few years?
8) What is the impact analysis of various factors in the Global Rigid Recycled Plastics Market growth?
9) What strategies of big players help them acquire share in mature market?
10) How Technology and Customer-Centric Innovation is bringing big Change in Rigid Recycled Plastics Market?
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