Global Plastic Recycling Market Business, Information by Material (Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polypropylene (PP) and others), Recycling Process (Mechanical and Chemical), Application (Packaging, Construction, Textile, Automotive and others) and Region (Americas, Europe, Asia-Pacific, Middle East & Africa) - Forecast to 2028

Market Overview

Increasing government support to plastic recycling solutions is also likely to be a major driver for the global Plastic Recycling Market Business, over the forecast period. Governments, especially in developed countries, have been strong supporters of plastic recycling solutions in the last few years. Reducing the overall adverse environmental impact of countries has emerged as a major agenda for governments in the last few years. This has driven the involvement of governments in plastic recycling schemes.

Competitive Leaderboard:

Leading players in the global Plastic Recycling Market Business, include Kuusakoski Group Oy, MBA Polymers Inc., Seraphim Plastics, CarbonLITE Industries, Green-O-Tech India, KW Plastics Inc., UltrePET LLC, Plastic Recycling Inc., Custom Polymers Inc., and Envision Plastics.

In June 2017, Kuusakoski Group formed a joint venture with Rosk’n Roll Oy and Itä-Uudenmaan Jätehuolto Oy, with a 51% share in the company called Revanssi Oy, to offer comprehensive waste management services in southern Finland.

Segmentation:

The global [FURL=https://www.marketresearchfuture.com/reports/plastic-recycling-market-2859]Plastic Recycling Market Business[/FURL] is segmented on the basis of material, recycling process, application, and region.

By material, the global Plastic Recycling Market Business, is segmented into polyethylene terephthalate (PET), high-density polyethylene (HDPE), low-density polyethylene (LDPE), polypropylene (PP), and others.

By recycling process, the global Plastic Recycling Market Business, is segmented into mechanical and chemical.

By application, the global Plastic Recycling Market Business, is segmented into packaging, construction, textiles, automotive, and others.

Regional Analysis:

Asia Pacific is likely to retain a dominant share in the global Plastic Recycling Market Business, over the forecast period due to the growing import of plastic scrap in countries such as China. China accounts for around 56% of the global imports of plastic waste, with the country’s plastic scrap imports increasing from 5.9 million tonnes to 8.9 million tonnes from 2006 to 2012. North America is the second largest regional market for plastic recycling.

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