Recycled Plastics Market Size is projected to reach USD 65.09 billion by 2030, growing at a CAGR of 4.5%: Straits Research

New York, United States, Sept. 20, 2023 (GLOBE NEWSWIRE) -- The global plastics market is one of the most strictly controlled globally. The market is distinguished by a significant group of players operating worldwide. The increasing consumption of plastics in the construction, automotive, medical equipment, and electrical and electronics sectors is expected to boost the worldwide plastics market. Recycled plastics are also employed in applications such as packaging to create environmentally friendly and impact-resistant packaging alternatives. Consumers have moved to e-commerce platforms for various products following the pandemic outbreak of COVID-19. Furthermore, as people spend more time at work, the demand for packaged and takeout food has increased. Some of the most common recycled plastics employed for packaging are polyethylene terephthalate, polypropylene, polyethylene, and polystyrene.

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Growing Use of Recycled Plastic Products to Drive the Global Recycled Plastic Market

Concerns about plastic pollution, hazardous emissions from the usage of petrochemicals, and decreasing crude oil sources have fueled the demand for recovered plastics. The majority of recycled plastic materials are produced in the Asia Pacific and Southeast Asia, North America, and Europe. The growing use of recycled plastics in various industries, including fabrics, automotive, packaging, electrical & electronics, and building & construction, is expected to boost the global market for recycled plastics. 

With growing worries about the usage of plastics, the market has seen a surge in demand for alternatives to traditional plastics. Manufacturers in the market are moving their focus toward using recycled plastics as these lower the ecological footprint connected with the production process due to the rapid pace of invention and new technology development. To counteract the hazardous effects of plastic waste, companies are constantly developing product lines employing recycled materials. Many small and medium-sized firms have committed to using recycled or sustainably sourced products by a specific date.

Textile Industry in the Emerging Economies of Asia-Pacific to Provide Promising Potential for Global Recycled Plastic Market

Textile is a significant end-use business for recycled plastics since recycled PET, the most widely reused resin globally, is most typically employed in textile applications. Within the last five years, there has been an enormous spike in the frequency of large clothing companies, businesses, and conservation groups that have begun to employ plastics in their garments to reduce plastic pollution. Recycled plastic clothing has the same appearance and feels as regular clothing. As a result, products made from recycled plastic bottles contribute indirectly to a more balanced economy. Consequently, the use of these plastics in textiles is increasing at a rapid pace.

Impact of COVID-19

The unique coronavirus (COVID-19) outbreak began in Wuhan, China, and has now spread to all of the fastest-growing economies. Because of the difficulties encountered in collecting waste polymer products during the lockdown conditions, the plastic recycling industry substantially impacted the epidemic. The suspension of transportation activities resulted in even less garbage reaching the processing plants.

Italy, Spain, France, Germany, the United States, China, India, South Korea, Taiwan, Australia, Saudi Arabia, and the United Arab Emirates are hardest hit by the pandemic. Because the majority of recycled plastic resources, services, and product suppliers are headquartered in these countries, the COVID-19 epidemic has impacted the recycled plastic business. Furthermore, the COVID-19 epidemic has exacerbated the plastic pollution problem. The authorities have relaxed limits on single-use plastics, and end-users are reintroducing these products for health and safety reasons. To ensure hygiene, retail stores and supermarkets have begun to employ single-use materials for packaging fruits and vegetables. End-user demand has decreased as a result.

Report Scope

Report Metric	Details
Market Size by 2030	USD 65.09 billion
Market Size in 2021	USD 43.80 billion
CAGR	4.5% (2022-203)
Historical Data	2019-2020
Base Year	2021
Forecast Period	2022-2030
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Product Type, Source, Application
Geographies Covered	North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors	Biffa, Stericycle, Republic Services, Inc., REMONDIS SE & Co. K.G., Waste Management, Inc., Veolia, PLASTIPAK HOLDINGS, INC
Key Market Opportunities	Higher Utilization of the Textile Industry in the Emerging Economies of Asia-Pacific to Boost Market Opportunities
Key Market Drivers	Growing Use of Recycled Plastic Products to Augment Market Growth Prospect The Shift in Preferences toward Recycled Plastics Packaging and Strict Government Regulations

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Regional Insights

The global recycled plastic market is divided into Asia-Pacific, Southeast Asia, North America, Central and South America, Europe, and the Middle East and Africa. The Asia-Pacific led the worldwide recycled plastics market due to increased consumption from construction materials, packaging, mechanical and electrical, fabrics, and automotive, which are more inclined to use recycled plastics. It is valued at USD 23,450 million in 2021 and is expected to reach USD 38355 million by 2030 growing at a CAGR of 6%. Growing population, fast urbanization, and industrialization have prompted governments to expand infrastructure development funding, particularly in developing nations. As a result, rising construction spending in the region will likely fuel a surge in the desire for recycled plastics.

Europe has the highest percentage of plastic recycling due to the European Commission's support of a circular economy to reduce plastic pollution. The region reuses 45% of its plastic trash and manufactures recovered plastics. It is valued at USD 10,445 million in 2021 and is expected to reach USD 16320 million by 2030 growing at a CAGR of 5%. These recyclable materials are employed in various sectors, such as building and construction, packaging, farming, automotive, and electronics and communication. 

Key Highlights

• The global recycled plastic market size is expected to reach USD 65.09 billion by 2030 growing at a CAGR of 4.5% during the forecast period (2022-2030).
• Based on the source, the global recycled plastic market is segmented into plastic bottles, plastic films, polymer foam, and others.
• Based on product, the global recycled plastic market is segmented into polyethylene, polyethylene terephthalate, polypropylene, polyvinyl chloride, polystyrene, and others. Polypropylene dominated the market.
• Based on application, the global recycled plastic market is segmented into building & construction, packaging, electrical & electronics, textiles, and automotive.

Competitors in Recycled Plastic Market

• Biffa
• Stericycle
• Republic Services, Inc.
• REMONDIS SE & Co. K.G.
• Waste Management, Inc.
• Veolia
• PLASTIPAK HOLDINGS, INC.

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Segmentation of Recycled Plastic Market

By Product Type

• Polyethylene
• Polyethylene Terephthalate
• Polypropylene
• Polyvinyl Chloride
• Polystyrene
• Others

 By Source

• Plastic Bottles
• Plastic Films
• Polymer Foam
• Others

 By Application

• Building and Construction
• Packaging
• Electrical and Electronics
• Textiles
• Automotive

 By Region

• North America
• Europe
• Asia-Pacific
• Southeast Asia
• Central and South America
• Middle East and Africa

Table of Content

1. EXECUTIVE SUMMARY
2. RESEARCH SCOPE & SEGMENTATION
   1. RESEARCH OBJECTIVES
   2. MARKET DEFINITION
   3. LIMITATIONS & ASSUMPTIONS
   4. MARKET SCOPE & SEGMENTATION
   5. CURRENCY & PRICING CONSIDERED
3. MARKET OPPORTUNITY ASSESSMENT
   1. EMERGING REGIONS / COUNTRIES
   2. EMERGING COMPANIES
   3. EMERGING APPLICATIONS / END USE
   4. INVESTMENT LANDSCAPE
   5. NEW BUSINESS MODELS / REVENUE STREAMS
   6. TAM
4. MARKET TRENDS
   1. DRIVERS
   2. MARKET WARNING FACTORS
   3. LATEST MACRO ECONOMIC INDICATORS
   4. GEOPOLITICAL IMPACT
   5. HUMAN FACTORS
   6. TECHNOLOGY FACTORS
5. MARKET ASSESSMENT
   1. PORTERS FIVE FORCES ANALYSIS
   2. VALUE CHAIN ANALYSIS
   3. RAW MATERIAL ANALYSIS
   4. SALES AND DISTRIBUTION CHANNEL ANALYSIS
   5. TRADE ANALYSIS
   6. PATENT ANALYSIS
   7. M & A AGREEMENTS & COLLABRATION ANALYSIS
   8. EXPORT IMPORT ANALYSIS
   9. COST STRUCTURE ANALYSIS
6. ESG TRENDS
7. GLOBAL RECYCLED PLASTIC MARKET SIZE ANALYSIS
   1. GLOBAL RECYCLED PLASTIC MARKET INTRODUCTION
   2.  BY PRODUCT TYPE
      1. INTRODUCTION
         1.  PRODUCT TYPE BY VALUE
      2. POLYETHYLENE
         1. BY VALUE
      3. POLYETHYLENE TEREPHTHALATE
         1. BY VALUE
      4. POLYPROPYLENE
         1. BY VALUE
      5. POLYVINYL CHLORIDE
         1. BY VALUE
      6. POLYSTYRENE
         1. BY VALUE
      7. OTHERS
         1. BY VALUE
   3. BY SOURCE
      1. INTRODUCTION
         1. SOURCE BY VALUE
      2. PLASTIC BOTTLES
         1. BY VALUE
      3. PLASTIC FILMS
         1. BY VALUE
      4. POLYMER FOAM
         1. BY VALUE
      5. OTHERS
         1. BY VALUE
   4. BY APPLICATION
      1. INTRODUCTION
         1. APPLICATION BY VALUE
      2. BUILDING AND CONSTRUCTION
         1. BY VALUE
      3. PACKAGING
         1. BY VALUE
      4. ELECTRICAL AND ELECTRONICS
         1. BY VALUE
      5. TEXTILES
         1. BY VALUE
      6. AUTOMOTIVE
         1. BY VALUE
8. NORTH AMERICA MARKET ANALYSIS
   1. INTRODUCTION
   2.  BY PRODUCT TYPE
      1. INTRODUCTION
         1.  PRODUCT TYPE BY VALUE
      2. POLYETHYLENE
         1. BY VALUE
      3. POLYETHYLENE TEREPHTHALATE
         1. BY VALUE
      4. POLYPROPYLENE
         1. BY VALUE
      5. POLYVINYL CHLORIDE
         1. BY VALUE
      6. POLYSTYRENE
         1. BY VALUE
      7. OTHERS
         1. BY VALUE
   3. BY SOURCE
      1. INTRODUCTION
         1. SOURCE BY VALUE
      2. PLASTIC BOTTLES
         1. BY VALUE
      3. PLASTIC FILMS
         1. BY VALUE
      4. POLYMER FOAM
         1. BY VALUE
      5. OTHERS
         1. BY VALUE
   4. BY APPLICATION
      1. INTRODUCTION
         1. APPLICATION BY VALUE
      2. BUILDING AND CONSTRUCTION
         1. BY VALUE
      3. PACKAGING
         1. BY VALUE
      4. ELECTRICAL AND ELECTRONICS
         1. BY VALUE
      5. TEXTILES
         1. BY VALUE
      6. AUTOMOTIVE
         1. BY VALUE
   5. U.S.
      1.  BY PRODUCT TYPE
         1. INTRODUCTION
            1.  PRODUCT TYPE BY VALUE
         2. POLYETHYLENE
            1. BY VALUE
         3. POLYETHYLENE TEREPHTHALATE
            1. BY VALUE
         4. POLYPROPYLENE
            1. BY VALUE
         5. POLYVINYL CHLORIDE
            1. BY VALUE
         6. POLYSTYRENE
            1. BY VALUE
         7. OTHERS
            1. BY VALUE
      2. BY SOURCE
         1. INTRODUCTION
            1. SOURCE BY VALUE
         2. PLASTIC BOTTLES
            1. BY VALUE
         3. PLASTIC FILMS
            1. BY VALUE
         4. POLYMER FOAM
            1. BY VALUE
         5. OTHERS
            1. BY VALUE
      3. BY APPLICATION
         1. INTRODUCTION
            1. APPLICATION BY VALUE
         2. BUILDING AND CONSTRUCTION
            1. BY VALUE
         3. PACKAGING
            1. BY VALUE
         4. ELECTRICAL AND ELECTRONICS
            1. BY VALUE
         5. TEXTILES
            1. BY VALUE
         6. AUTOMOTIVE
            1. BY VALUE
   6. CANADA
9. EUROPE MARKET ANALYSIS
   1. INTRODUCTION
   2.  BY PRODUCT TYPE
      1. INTRODUCTION
         1.  PRODUCT TYPE BY VALUE
      2. POLYETHYLENE
         1. BY VALUE
      3. POLYETHYLENE TEREPHTHALATE
         1. BY VALUE
      4. POLYPROPYLENE
         1. BY VALUE
      5. POLYVINYL CHLORIDE
         1. BY VALUE
      6. POLYSTYRENE
         1. BY VALUE
      7. OTHERS
         1. BY VALUE
   3. BY SOURCE
      1. INTRODUCTION
         1. SOURCE BY VALUE
      2. PLASTIC BOTTLES
         1. BY VALUE
      3. PLASTIC FILMS
         1. BY VALUE
      4. POLYMER FOAM
         1. BY VALUE
      5. OTHERS
         1. BY VALUE
   4. BY APPLICATION
      1. INTRODUCTION
         1. APPLICATION BY VALUE
      2. BUILDING AND CONSTRUCTION
         1. BY VALUE
      3. PACKAGING
         1. BY VALUE
      4. ELECTRICAL AND ELECTRONICS
         1. BY VALUE
      5. TEXTILES
         1. BY VALUE
      6. AUTOMOTIVE
         1. BY VALUE
   5. U.K.
      1.  BY PRODUCT TYPE
         1. INTRODUCTION
            1.  PRODUCT TYPE BY VALUE
         2. POLYETHYLENE
            1. BY VALUE
         3. POLYETHYLENE TEREPHTHALATE
            1. BY VALUE
         4. POLYPROPYLENE
            1. BY VALUE
         5. POLYVINYL CHLORIDE
            1. BY VALUE
         6. POLYSTYRENE
            1. BY VALUE
         7. OTHERS
            1. BY VALUE
      2. BY SOURCE
         1. INTRODUCTION
            1. SOURCE BY VALUE
         2. PLASTIC BOTTLES
            1. BY VALUE
         3. PLASTIC FILMS
            1. BY VALUE
         4. POLYMER FOAM
            1. BY VALUE
         5. OTHERS
            1. BY VALUE
      3. BY APPLICATION
         1. INTRODUCTION
            1. APPLICATION BY VALUE
         2. BUILDING AND CONSTRUCTION
            1. BY VALUE
         3. PACKAGING
            1. BY VALUE
         4. ELECTRICAL AND ELECTRONICS
            1. BY VALUE
         5. TEXTILES
            1. BY VALUE
         6. AUTOMOTIVE
            1. BY VALUE
   6. GERMANY
   7. FRANCE
   8. SPAIN
   9. ITALY
   10. RUSSIA
   11. NORDIC
   12. BENELUX
   13. REST OF EUROPE
10. APAC MARKET ANALYSIS
    1. INTRODUCTION
    2.  BY PRODUCT TYPE
       1. INTRODUCTION
          1.  PRODUCT TYPE BY VALUE
       2. POLYETHYLENE
          1. BY VALUE
       3. POLYETHYLENE TEREPHTHALATE
          1. BY VALUE
       4. POLYPROPYLENE
          1. BY VALUE
       5. POLYVINYL CHLORIDE
          1. BY VALUE
       6. POLYSTYRENE
          1. BY VALUE
       7. OTHERS
          1. BY VALUE
    3. BY SOURCE
       1. INTRODUCTION
          1. SOURCE BY VALUE
       2. PLASTIC BOTTLES
          1. BY VALUE
       3. PLASTIC FILMS
          1. BY VALUE
       4. POLYMER FOAM
          1. BY VALUE
       5. OTHERS
          1. BY VALUE
    4. BY APPLICATION
       1. INTRODUCTION
          1. APPLICATION BY VALUE
       2. BUILDING AND CONSTRUCTION
          1. BY VALUE
       3. PACKAGING
          1. BY VALUE
       4. ELECTRICAL AND ELECTRONICS
          1. BY VALUE
       5. TEXTILES
          1. BY VALUE
       6. AUTOMOTIVE
          1. BY VALUE
    5. CHINA
       1.  BY PRODUCT TYPE
          1. INTRODUCTION
             1.  PRODUCT TYPE BY VALUE
          2. POLYETHYLENE
             1. BY VALUE
          3. POLYETHYLENE TEREPHTHALATE
             1. BY VALUE
          4. POLYPROPYLENE
             1. BY VALUE
          5. POLYVINYL CHLORIDE
             1. BY VALUE
          6. POLYSTYRENE
             1. BY VALUE
          7. OTHERS
             1. BY VALUE
       2. BY SOURCE
          1. INTRODUCTION
             1. SOURCE BY VALUE
          2. PLASTIC BOTTLES
             1. BY VALUE
          3. PLASTIC FILMS
             1. BY VALUE
          4. POLYMER FOAM
             1. BY VALUE
          5. OTHERS
             1. BY VALUE
       3. BY APPLICATION
          1. INTRODUCTION
             1. APPLICATION BY VALUE
          2. BUILDING AND CONSTRUCTION
             1. BY VALUE
          3. PACKAGING
             1. BY VALUE
          4. ELECTRICAL AND ELECTRONICS
             1. BY VALUE
          5. TEXTILES
             1. BY VALUE
          6. AUTOMOTIVE
             1. BY VALUE
    6. KOREA
    7. JAPAN
    8. INDIA
    9. AUSTRALIA
    10. TAIWAN
    11. SOUTH EAST ASIA
    12. REST OF ASIA-PACIFIC
11. MIDDLE EAST AND AFRICA MARKET ANALYSIS
    1. INTRODUCTION
    2.  BY PRODUCT TYPE
       1. INTRODUCTION
          1.  PRODUCT TYPE BY VALUE
       2. POLYETHYLENE
          1. BY VALUE
       3. POLYETHYLENE TEREPHTHALATE
          1. BY VALUE
       4. POLYPROPYLENE
          1. BY VALUE
       5. POLYVINYL CHLORIDE
          1. BY VALUE
       6. POLYSTYRENE
          1. BY VALUE
       7. OTHERS
          1. BY VALUE
    3. BY SOURCE
       1. INTRODUCTION
          1. SOURCE BY VALUE
       2. PLASTIC BOTTLES
          1. BY VALUE
       3. PLASTIC FILMS
          1. BY VALUE
       4. POLYMER FOAM
          1. BY VALUE
       5. OTHERS
          1. BY VALUE
    4. BY APPLICATION
       1. INTRODUCTION
          1. APPLICATION BY VALUE
       2. BUILDING AND CONSTRUCTION
          1. BY VALUE
       3. PACKAGING
          1. BY VALUE
       4. ELECTRICAL AND ELECTRONICS
          1. BY VALUE
       5. TEXTILES
          1. BY VALUE
       6. AUTOMOTIVE
          1. BY VALUE
    5. UAE
       1.  BY PRODUCT TYPE
          1. INTRODUCTION
             1.  PRODUCT TYPE BY VALUE
          2. POLYETHYLENE
             1. BY VALUE
          3. POLYETHYLENE TEREPHTHALATE
             1. BY VALUE
          4. POLYPROPYLENE
             1. BY VALUE
          5. POLYVINYL CHLORIDE
             1. BY VALUE
          6. POLYSTYRENE
             1. BY VALUE
          7. OTHERS
             1. BY VALUE
       2. BY SOURCE
          1. INTRODUCTION
             1. SOURCE BY VALUE
          2. PLASTIC BOTTLES
             1. BY VALUE
          3. PLASTIC FILMS
             1. BY VALUE
          4. POLYMER FOAM
             1. BY VALUE
          5. OTHERS
             1. BY VALUE
       3. BY APPLICATION
          1. INTRODUCTION
             1. APPLICATION BY VALUE
          2. BUILDING AND CONSTRUCTION
             1. BY VALUE
          3. PACKAGING
             1. BY VALUE
          4. ELECTRICAL AND ELECTRONICS
             1. BY VALUE
          5. TEXTILES
             1. BY VALUE
          6. AUTOMOTIVE
             1. BY VALUE
    6. TURKEY
    7. SAUDI ARABIA
    8. SOUTH AFRICA
    9. EGYPT
    10. NIGERIA
    11. REST OF MEA
12. LATAM MARKET ANALYSIS
    1. INTRODUCTION
    2.  BY PRODUCT TYPE
       1. INTRODUCTION
          1.  PRODUCT TYPE BY VALUE
       2. POLYETHYLENE
          1. BY VALUE
       3. POLYETHYLENE TEREPHTHALATE
          1. BY VALUE
       4. POLYPROPYLENE
          1. BY VALUE
       5. POLYVINYL CHLORIDE
          1. BY VALUE
       6. POLYSTYRENE
          1. BY VALUE
       7. OTHERS
          1. BY VALUE
    3. BY SOURCE
       1. INTRODUCTION
          1. SOURCE BY VALUE
       2. PLASTIC BOTTLES
          1. BY VALUE
       3. PLASTIC FILMS
          1. BY VALUE
       4. POLYMER FOAM
          1. BY VALUE
       5. OTHERS
          1. BY VALUE
    4. BY APPLICATION
       1. INTRODUCTION
          1. APPLICATION BY VALUE
       2. BUILDING AND CONSTRUCTION
          1. BY VALUE
       3. PACKAGING
          1. BY VALUE
       4. ELECTRICAL AND ELECTRONICS
          1. BY VALUE
       5. TEXTILES
          1. BY VALUE
       6. AUTOMOTIVE
          1. BY VALUE
    5. BRAZIL
       1.  BY PRODUCT TYPE
          1. INTRODUCTION
             1.  PRODUCT TYPE BY VALUE
          2. POLYETHYLENE
             1. BY VALUE
          3. POLYETHYLENE TEREPHTHALATE
             1. BY VALUE
          4. POLYPROPYLENE
             1. BY VALUE
          5. POLYVINYL CHLORIDE
             1. BY VALUE
          6. POLYSTYRENE
             1. BY VALUE
          7. OTHERS
             1. BY VALUE
       2. BY SOURCE
          1. INTRODUCTION
             1. SOURCE BY VALUE
          2. PLASTIC BOTTLES
             1. BY VALUE
          3. PLASTIC FILMS
             1. BY VALUE
          4. POLYMER FOAM
             1. BY VALUE
          5. OTHERS
             1. BY VALUE
       3. BY APPLICATION
          1. INTRODUCTION
             1. APPLICATION BY VALUE
          2. BUILDING AND CONSTRUCTION
             1. BY VALUE
          3. PACKAGING
             1. BY VALUE
          4. ELECTRICAL AND ELECTRONICS
             1. BY VALUE
          5. TEXTILES
             1. BY VALUE
          6. AUTOMOTIVE
             1. BY VALUE
    6. MEXICO
    7. ARGENTINA
    8. CHILE
    9. COLOMBIA
    10. REST OF LATAM
13. COMPETITIVE ASSESSMENT
    1. RECYCLED PLASTIC MARKET SHARE BY MANUFACTURERS
    2. RECYCLED PLASTIC MARKET RANKING BY REVENUE FOR MANUFACTURERS
    3. COMPETITIVE DASHBOARD
    4. PRODUCT MAPPING
14. MARKET PLAYERS ASSESSMENT
    1. BIFFA
       1. OVERVIEW
       2. BUSINESS INFORMATION
       3. REVENUE
       4. ASP
       5. GROSS MARGIN
       6. SWOT ANALYSIS
       7. RECENT DEVELOPMMENTS
    2. STERICYCLE
    3. REPUBLIC SERVICES, INC.
    4. REMONDIS SE & CO. K.G.
    5. WASTE MANAGEMENT, INC.
    6. VEOLIA
    7. PLASTIPAK HOLDINGS, INC.
15. RESEARCH METHODOLOGY
    1. RESEARCH DATA
       1. SECONDARY DATA
          1. MAJOR SECONDARY SOURCES
          2. KEY DATA FROM SECONDARY SOURCES
       2. PRIMARY DATA
          1. KEY DATA FROM PRIMARY SOURCES
          2. BREAKDOWN OF PRIMARIES
       3. SECONDARY AND PRIMARY RESEARCH
          1. KEY INDUSTRY INSIGHTS
    2. MARKET SIZE ESTIMATION
       1. BOTTOM-UP APPROACH
       2. TOP-DOWN APPROACH
       3. MARKET PROJECTION
    3. RESEARCH ASSUMPTIONS
       1. ASSUMPTIONS
    4. LIMITATIONS
    5. RISK ASSESSMENT
16. APPENDIX
    1. DISCUSSION GUIDE
    2. CUSTOMIZATION OPTIONS
    3. RELATED REPORTS
17. DISCLAIMER

Table of Content and Figure @ https://straitsresearch.com/report/recycled-plastic-market/toc

Recent Development

• In October 2020, Biffa announced its collaboration with the Poseidon Project, a cross-industry initiative to create a process to chemically recycle more complex grades of polyethylene terephthalate (PET) material. This project started in early 2021 with other companies, namely Poseidon Plastics, Dupont Teijin Films U.S. Limited Partnership, Alpek S.A.B. de C.V., and O'Neills Irish International Sports Co. Ltd.

• In May 2020, Covestro AG announced its investment in 20 research and development projects to develop new energy-efficient technologies and processes to recycle plastics to reduce carbon footprint and make a sustainable business.

.
News Media

Global Plastic Market to Grow at a CAGR of 3.81% During 2030

Global Recycled Plastics Market to Grow at a CAGR of 4 % by 2030

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