Lewes, DE -- (SBWIRE) -- 01/29/2019 -- Global Plastic Recycling market will register a 5.8% CAGR in terms of revenue, reach US$ 36000 million by 2023, from US$ 25600 million in 2017.

Recycled plastics are the plastics that made from post-consumer or post-industrial plastics instead of the virgin resin. The process of recycling used plastic from consumable products is an efficient means to reprocess the material into useful products. Many different products make great sources of recyclable material, including: soda bottles, plastic packaging, sheets and pellets. Recycled plastic is used to make many different types of products. The type of product that is made out of recycled plastic depends on the type of plastic resin. There are several different types of plastic resin used to make different products, such as PET, PP, HDPE and LDPE.
Recycled plastics can be used in various fields, like Packaging, Consumer Goods, Construction, Textile Fiber / Clothing, Landscaping / Street Furniture, etc. Textile fiber / clothing is the largest application of recycled plastics with market share of 30.81% in 2017, since nearly 80% of RPET is used to produce fiber.

Recycled plastics can be classified as PET, PP, HDPE, LDPE and others in terms of material type. HDPE and PET are the major kind of recycled plastics. The market of recycled plastic is highly separated, with China, USA and Europe as the major producing area.

The market of recycled plastic is highly fragmented with a tail of manufacturers. As the largest production area of recycled plastics, there are more than 3000 companies supply recycled plastics. The market concentration in developed areas is higher comparatively. Leading suppliers in the worldwide are Clear Path Recycling, Clean Tech Incorporated, Mohawk Industries Incorporated, CarbonLite Industries, Envision Plastics Industries, Advanced Environmental Recycling Technologies Incorporated, Greentech and Veolia Polymers, which takes a combined share of less than 5% in 2017.

Over the next five years, study projects that Plastic Recycling will register a 5.8% CAGR in terms of revenue, reach US$ 36000 million by 2023, from US$ 25600 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Plastic Recycling market by product type, application, key manufacturers and key regions.

To calculate the market size, study considers value and volume generated from the sales of the following segments:

Segmentation by product type:
PET
PP
HDPE
LDPE
Others

Segmentation by application:
Packaging & Consumer Goods
Construction
Textile fiber / clothing
Landscaping/Street furniture
Other Uses

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Clear Path Recycling
Clean Tech Incorporated
Mohawk Industries Incorporated
CarbonLite Industries
Envision Plastics Industries
Advanced Environmental Recycling Technologies Incorporated
Evergreen Plastics
PolyQuest
Phoenix Technologies
Verdeco Recycling
Custom Polymers
KW plastics
Extrupet
Greentech
Veolia Polymers
Hahn Plastics
PLASgran
APR2 Plast
Luxus
Viridor
Centriforce
Visy
Kyoei Industry
Wellpine Plastic Industical
Fuqing Topway Plastics Industrial
Intco
Suzhou Jiulong Recy & Tech
Longfu Recycling Energy Scientech

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Plastic Recycling consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Plastic Recycling market by identifying its various subsegments.
Focuses on the key global Plastic Recycling manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Plastic Recycling with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Plastic Recycling submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Spanning over 180 pages "Forecast of Global Plastic Recycling Consumption Market 2023" report covers Scope of the Report, Executive Summary, Global Plastic Recycling by Players, Plastic Recycling by Regions, Market Drivers, Challenges and Trends, Marketing, Distributors and Customer, Global Plastic Recycling Market Forecast, Key Players Analysis, Research Findings and Conclusion.

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