Research Expert: Sarah Overall
  • Published: Jun 2025
  • Pages: 150
  • SKU: IRTNTR76020

  • Latest News- Plastic Recycling Solutions Market: Post-consumer recyclate is expected to lead the Type segment during 2024-2028

    The Plastic Recycling Solutions Market is being driven by Growing environmental concerns owing to increasing plastic pollution

    The Plastic Recycling Solutions Market is expected to grow at a CAGR of 8.87% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 25.8 billion. The global packaging industry is leading the adoption of recycled plastics due to increasing consumer awareness towards sustainable practices and eco-friendly products. In 2022, over 50% of manufactured plastics were utilized in the packaging sector, making it the largest contributor to annual plastic waste production. Furthermore, the automotive industry is also embracing the use of recycled plastics in the production of lightweight components, reducing vehicle weight, fuel consumption, and greenhouse gas emissions. This shift towards sustainability is driven by both environmental concerns and cost savings, making recycled plastics a valuable commodity for numerous industries. 

    Get more information on Plastic Recycling Solutions Market by requesting a sample report

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Type
      • Post-consumer recyclate
      • Industrial recyclate
    • End-user
      • Packaging
      • Construction
      • Automotive
      • Electrical and electronic components
      • Others
    • Geography
      • APAC
        • China
        • Japan
      • North America
        • US
      • Europe
        • Germany
        • UK
      • Middle East and Africa
        • South America

        According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

        • Growing environmental concerns owing to increasing plastic pollution
        • Stringent government regulations related to plastics
        • Growing focus on adoption of circular economy initiatives

        However, the market also witnesses some limitations, which are as follows:

        • Several threats associated with plastic recycling
        • Recycling plastic is costlier than producing new plastic
        • Absence of necessary framework for collection and segregation of waste

        Benefits of Buying Global Plastic Recycling Solutions Market Research Report by Technavio

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        Market Scope in Plastic Recycling Solutions Market Research Report

        Market Scope

        Report Coverage

        Details

        Page number

        180

        Base year

        2023

        Historic period

        2018-2022

        Forecast period

        2024-2028

        Growth momentum & CAGR

        Accelerate at a CAGR of 8.87%

        Market growth 2024-2028

        USD 25.8 billion

        Market structure

        market_structure.ucfirst

        YoY growth 2023-2024(%)

        7.6

        Key countries

        China, US, Japan, Germany, and UK

        Competitive landscape

        Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

        Request Free Sample

        Find out which segment is leading the market by accessing the free PDF report

        Research Analysis Overview

        The Plastic Recycling Solutions Market encompasses various aspects of plastic waste management, including Collection, Sorting, Treatment, and Recycling Processes. Key components include Plastic Recycling Plants, Equipment, Machinery, Software, and Optimization. Economic factors such as Cost, Profitability, and Sustainability play a significant role. Innovation, Research, and Development are crucial for advancing Plastic Recycling Technology. Education, Awareness, Policy, Legislation, Regulation, Certification, Compliance, and Sustainability are essential for driving the market forward. The Future holds trends, challenges, and opportunities for growth in this sector.

        Market Research Overview

        The Plastic Recycling Solutions Market encompasses businesses offering advanced technologies for Mechanical, Chemical, and Thermal Plastic Recycling. According to Technavio's market analysis, the market size is determined by the consolidated revenue of these entities, which specialize in waste management, facilities management, and pollution control services. Key growth drivers include the escalating focus on sustainability and environmental stewardship. These factors are propelling the expansion of the Plastic Recycling Solutions Market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


        Contacts

        Technavio Research
        Jesse Maida
        Media & Marketing Executive
        US: +1 844 364 1100
        UK: +44 203 893 3200
        Email: media@technavio.com
        Website: www.technavio.com/

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