Current Business Affairs Global Plastic Recycling Market 2018

Global Plastic Recycling Market Trends, Analysis, and Forecast To 2025
Market Characterization:
Plastic recycling is the method of recovering either scrap or waste plastic and reprocessing the material into some kind
of useful products. Large amount of plastic that is used is of non-biodegradable nature; therefore its recycling is an
effort to decrease plastic in the waste stream. Thus, it will enable us to reduce the enormous amount of plastic
pollution. The process of plastic recycling includes utilizing any type of plastic, arranging it into various polymers and
then chipping it and melting it down to pellets. After encompassing this stage, it can be used to make items of any
category such as plastic chairs or tables. The process of recycling also involves soft plastics such as polyethylene film and
bags. This plastic recycling operation has been taking place since the 1970s and thus, has made the plastic products
production amongst the most efficient operations presently.
Major Key Players:
The major companies that are engaged in plastic recycling include
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Kuusakoski Oy
Plasgran Ltd.
Envisison Plastics
KW plastics
Avangard Innovative
B. Schoenberg & Co
Custom Polymers
Delta Plastics and UltrePET
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Market Segmentation:
The global plastic recycling market can be classified based on source, type and region. On the basis of source, the global
plastic recycling market is classified into rigid and non-rigid plastics. Depending upon type, the global market is
segmented into high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET),
polypropylene (PP), and others.
Among the market segments, the demand for recycled HDPE and PET plastics are expected to command a major share in
the global market. These types of plastics are majorly utilized for preparing bottles utilized as household chemicals,