Chemical Analysis Report Plastic Recycling Market 2018 - 2022

Analysis of Plastic Recycling Market by
2022
Global Plastic Recycling Market Report 2018 explores future
trends for supply, demand and market growth rate, market
size, prices, trading, competition and value chain as well as
Key Players of the industry’s information with forecast from
2018 to 2022.
Global Plastic Recycling Market Overview:
According to Market Analyst, Global Plastic Recycling Market is projected to grow at a healthy growth
rate from 2018 to 2022.
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Global Plastic Recycling Market has suffered a certain impact, but still maintained a relatively optimistic
growth, the past four years, Plastic Recycling market size to maintain the average annual growth rate of
4.95% from 582 million $ in 2014 to 688 million $ in 2017, Market analysts believe that in the next few
years, Plastic Recycling market size will be further expanded, we expect that by 2022, The market size of
the Plastic Recycling will reach 837 million $.
Plastic recycling is a mechanical and/or chemical process of recovering plastic waste or scrap discarded
during the production of plastic products or after the use of these products by consumers. The market is
witnessing growth due to the growing awareness regarding the environmental benefits provided by
recycled plastics over virgin plastics. Moreover, the energy consumed in recycling plastics is less than
that of virgin plastics, which is further driving the demand for recycled plastics in many applications.
The Global Plastic Recycling Market Segmented on the Basis of Source, Type, End user and Region. In
term of Source, Market is sub segmented into Bottles, Films, Fibers, Foams, Others. Among them Bottles
was estimated to be the largest segment of the recycled plastics market. Based on Type, Market Further
Segmented into PET, PP, HDPE, LDPE. Polyethylene Terephthalate (PET) was estimated to be the largest
segment of the recycled plastics market. Based on End user Industry, Packaging was the largest segment
of the recycled plastics market.
Regionally, The Asia Pacific region was the largest market for recycled plastics, in terms of value and
volume. The market in Europe is also likely to exhibit a promising pace of expansion over the forecast
period owing to the strict regulations regarding the reuse of recyclable plastics in the region.