Dublin, March 22, 2023 (GLOBE NEWSWIRE) -- The "Global Plastic Recycling Market (2023-2028) by Process, Material, Applications, and Geography, Competitive Analysis, Impact of Covid-19, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Plastic Recycling Market is estimated to be USD 52.07 Bn in 2023 and is expected to reach USD 74.3 Bn by 2028, growing at a CAGR of 7.37%.
Market Dynamics
Drivers
- Growing Focus on Environmental Sustainability
- Rise in Initiatives for Plastic Waste Management
- The Rise in the Demand for Plastics in Diverse Industry Practices
- Favorable Government Support for Recycling Plastic
Restraints
- Stringent Competition from Virgin Plastics
Opportunities
- Demand for Recycled PET and HDPE
- Increased Research Activities for an Effective Method of Recycling Plastic Waste
Challenges
- Lack of an Established Waste Collection and Sorting System
- Recycling Mixed Plastic Waste Difficulty
Market Segmentations
The Global Plastic Recycling Market is segmented based on Process, Material, Applications, and Geography.
- By Process, the market is classified into Mechanical Recycling, and Chemical Recycling.
- By Material, the market is classified into Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), and Polypropylene (PP).
- By Applications, the market is classified into Packaging, Construction, Textile, and Automotive.
- By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Plastic Recycling Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Plastic Recycling Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Plastic Recycling Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 188 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $52.07 Billion |
| Forecasted Market Value (USD) by 2028 | $74.3 Billion |
| Compound Annual Growth Rate | 7.3% |
| Regions Covered | Global |
Key Topics Covered:
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Dynamics
5 Market Analysis
6 Global Plastic Recycling Market, By Process
7 Global Plastic Recycling Market, By Material
8 Global Plastic Recycling Market, By Applications
9 Americas' Plastic Recycling Market
10 Europe's Plastic Recycling Market
11 Middle East and Africa's Plastic Recycling Market
12 APAC's Plastic Recycling Market
13 Competitive Landscape
14 Company Profiles
15 Appendix
Companies Mentioned
- B&B Plastics Inc.
- Boer Group
- CarbonLite Industries LLC
- Clean Harbours, Inc.
- Cleanaway Waste Management Ltd.
- Clear Path Recycling LLC
- Covanta Energy Corp.
- Custom Polymers Inc.
- Envision Plastics
- GFL Environmental Inc.
- Green Line Polymers Inc.
- Green-O-Tech India
- Kuusakoski Group Oy
- KW Plastics, Inc.
- MBA Polymers Inc.
- Miller Waste Mills Inc.
- Plastic Recycling Inc.
- Recyclex S.A.
- Renewi PLC.
- Sensoneo
- Seraphim Plastics
- Stericycle Inc.
- UltrePET, LLC
- Waste Connections, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/98rlr7
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