According to Fortune Business Insights, the global recycled plastic market size was USD 46.89 billion in 2022 and is projected to grow from USD 50.78 billion in 2023 to USD 88.96 billion in 2030 at a CAGR of 8.3% during the forecast period. Fortune Business Insights™ has deep-dived these inputs in its latest research report, titled, “Recycled Plastic Market, 2020-2030.” Information Source: https://www.fortunebusinessinsights.com/recycled-plastic-market-102568

Global Recycled Plastic Market offers a comprehensive overview of the current market situation and provides a forecast until 2030. This report provides a balanced mix of qualitative and quantitative information that highlights important market developments, challenges, competition, industry analysis, and new opportunities and trends within the Recycled Plastic Market. Additionally, the report includes information on the Recycled Plastic Market size, recent trends, growth, share, development status, market dynamics, cost structure, and competitive landscape. Source- https://www.fortunebusinessinsights.com/recycled-plastic-market-102568 Brief Description of the Recycled Plastic Market: The global recycled plastic market is projected to grow from USD 44.03 billion in 2021 to USD 76.23 billion by 2028 at a CAGR of 8.2% during the 2021-2028 period.

The global recycled plastics market size is projected to reach USD 72.6 billion by the end of 2026. The presence of several large scale companies across the world will have a positive impact on the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled “Recycled Plastics Market Size, Share & Industry Analysis, By Type (Polyethylene Terephthalate, High-density Polyethylene, Polypropylene, Low-density Polyethylene, and Others), By Application (Non-Food Packaging, Food Packaging, Construction, Automotive, and Others), and Regional Forecast, 2019-2026,” the market was worth USD 37.8 billion in 2018 and will exhibit a CAGR of 8.5% during the forecast period, 2019-2026. Recycled plastics are products that possess the same properties as virgin plastics, but are produced from scratch and waste materials. The primary aim of recycled plastics is to reduce the total wastes and bring down the adverse effects of plastic wastes on environmental pollution. The high emphasis on manufacturing methods as well as materials associated with recycled plastics will emerge in favor of the companies operating in the market. The increasing demand for the product, resulting from its widespread applications across diverse industries, will contribute to the growth of the market. Accounting to the serious effects of plastic wastes on the environment, governments across the world have imposed strict regulations towards their usage. Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/recycled-plastic-market-102568 Increasing Efforts Taken to Maximize the Use of Recycled Products Will Aid Growth The report encompasses several factors that have contributed to the growth of the market in recent years. Plastic waste have a serious effect on the environment, particularly on aquatic and wildlife. As a result, several large scale companies are partnering to minimize the use of plastic and make people aware about its negative effects. In March 2019, Coca Cola, Nestle, and Unilever formed the ‘African Plastics Recycling Alliance’. This alliance was formed with the aim of bringing about a change in the plastic recycling infrastructure across Sub-Saharan Africa. This alliance will not just influence the regional market, but will also have a direct impact on the growth of the global market. Asia Pacific to Emerge Dominant; High Demand for Bottled Water to Create Several Growth Opportunities The report analyzes the ongoing beer market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific is likely to emerge dominant in the coming years. The presence of several bottled water manufacturers will aid the growth of the market. Besides Asia Pacific, the market in North America will witness considerable growth in the coming years driven by the increasing number of government initiatives. As of 2018, the market in North America was worth USD 2.45 billion and this value is projected to increase further in the coming years, owing to the high awareness regarding the use of plastic material. List of leading companies that are currently operating in the global recycled plastics market are: • Moisture Shield • Berkshire Hathaway Incorporated • BioCore LLC • CarbonLite Industries LLC • The Coca-Cola Company Incorporated • Coll Materials Incorporated • Custom Polymers Incorporated • Dart Container Corporation • Entropex • Envision Plastics Industries LLC • Fresh Pak Corporation • Hilex Poly Company LLC • Illinois Tool Works Incorporated • KW Plastics • Marglen Industries Incorporated • Mohawk Industries Incorporated • MRC Polymers Incorporated • NextLife Recycling LLC • Omni Resource Recovery Incorporated • Parallel Products of Kentucky Incorporated • PARC Corporation • Peninsula Plastics Recycling Incorporated • PET Processors LLC • Phoenix Technologies International LLC • Plastic Revolutions Incorporated • Plastipak Holdings Incorporated • Polychem Corporation • Total S.A. • PolyQuest Incorporated • Reynolds Group Holdings Limited • Schupan & Sons Incorporated • Trex Company Incorporated • Wellman Plastics Recycling LLC • WTE CORPORATION • Other Players