Plastic Recycling Market Hits USD 32.9 billion in 2023, Targets 8.72% CAGR Soar Until 2030
Global Plastic Recycling Market A Dive from USD 32.9 billion in 2023/by 2030 | MarkNtel Advisors
MarkNtel Advisors has recently released an all-encompassing report on Global Plastic Recycling market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.
Forecast 2030: Revealing Plastic Recycling Market Insights and Analysis
The Global Plastic Recycling Market size is valued at nearly USD 32.9 billion in 2023 & is predicted to reach about USD 59.23 billion by 2030.
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Market Challenge: Lack of Investment to Hinder the Market Expansion
Insufficient investment in plastic recycling infrastructure & technologies represents a critical challenge for the industry, impacting its growth & innovation. Despite the increasing global awareness of the environmental consequences of plastic waste, the allocation of capital to support recycling efforts has not kept pace with the burgeoning demand. This lack of investment hindered the expansion of recycling facilities and the development of cutting-edge technologies necessary to enhance the efficiency & quality of plastic recycling. As a result, the industry faces limitations in its ability to process larger volumes of plastic waste and meet the growing demand for recycled materials.
A Comprehensive Overview of Geographical Diversity:
the Global Plastic Recycling Market expands across:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Explore Full Market Research Report – https://www.marknteladvisors.com/research-library/global-plastic-recycling-market.html
Plastic Recycling Market Segmentation Outline:
- By Source (Bottles, Films, Fibers, Foams)
- By Plastic Type (Polyethylene Terephthalate (PET), Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS))
- By Type (Post-consumer Recyclates, Industrial Recyclates)
- By Process (Mechanical Recycling, Chemical Recycling)
- By Application (Packaging, Building & Construction, Textiles, Automotive, Electrical & Electronics)
Competitive Outlook
Veolia, Suez, KW Plastics, Jayplas, B. Schoenberg & Co., B&B Plastics, Green Line Polymers, Clear Path Recycling, Custom Polymers, and Plastipak Holdings
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