Technavio has been monitoring the recycled plastics market and it is poised to grow by USD 14.74 billion during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Recycled Plastics Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions -
- What was the value of the recycled plastics market in 2019?
- Technavio says that the value of the market was USD 39.42 billion in 2019 and it is projected to reach USD 54.16 billion by 2024.
- At what rate is the market projected to grow during the forecast period 2020-2024?
- Growing at a CAGR of almost 7%, the market growth will accelerate during the forecast period.
- What is the key factor driving the market?
- Volatility in the price of crude oil is one of the key factors driving the market growth.
- Who are the top players in the market?
- B. Schoenberg & Co. Inc., Envision Plastics, Imerys SA, Kuusakoski Group Oy, KW Plastics, MBA Polymers Inc., PLASgran Ltd., SUEZ SA, UltrePET LLC, and Veolia Environnement are some of the major market participants.
- Which region is expected to hold the highest market share?
- APAC
The market is concentrated, and the degree of concentration will accelerate during the forecast period. B. Schoenberg & Co. Inc., Envision Plastics, Imerys SA, Kuusakoski Group Oy, KW Plastics, MBA Polymers Inc., PLASgran Ltd., SUEZ SA, UltrePET LLC, and Veolia Environnement are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Volatility in the price of crude oil has been instrumental in driving the growth of the market.
Recycled Plastics Market 2020-2024: Segmentation
Recycled Plastics Market is segmented as below:
-
End-user
- Packaging
- Construction
- Automotive
- Electrical and Electronics
- Others
-
Type
- PET
- HDPE
- LDPE
- PP
- Others
-
Geographic Landscape
- APAC
- Europe
- North America
- MEA
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40594
Recycled Plastics Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our recycled plastics market report covers the following areas:
- Recycled Plastics Market size
- Recycled Plastics Market trends
- Recycled Plastics Market analysis
This study identifies the rising demand for recycled plastics from the packaging industry as one of the prime reasons driving the recycled plastics market growth during the next few years.
Recycled Plastics Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the recycled plastics market, including some of the vendors such as B. Schoenberg & Co. Inc., Envision Plastics, Imerys SA, Kuusakoski Group Oy, KW Plastics, MBA Polymers Inc., PLASgran Ltd., SUEZ SA, UltrePET LLC, and Veolia Environnement. Backed with competitive intelligence and benchmarking, our research reports on the recycled plastics market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Recycled Plastics Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist recycled plastics market growth during the next five years
- Estimation of the recycled plastics market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the recycled plastics market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of recycled plastics market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user placement
- Packaging - Market size and forecast 2019-2024
- Construction - Market size and forecast 2019-2024
- Automotive - Market size and forecast 2019-2024
- Electrical and electronics - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by End-user
Market Segmentation by Type
- Market segments
- Comparison by Type placement
- PET - Market size and forecast 2019-2024
- HDPE - Market size and forecast 2019-2024
- LDPE - Market size and forecast 2019-2024
- PP - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Type
Customer Landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- B. Schoenberg & Co. Inc.
- Envision Plastics
- Imerys SA
- Kuusakoski Group Oy
- KW Plastics
- MBA Polymers Inc.
- PLASgran Ltd.
- SUEZ SA
- UltrePET LLC
- Veolia Environnement
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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