HTF Market Intelligence released a new research report of 150 pages on title ‘Global Plastic Recycling Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025’ with detailed analysis, forecast and strategies. The study covers key regions that includes United States, Canada and Mexico Germany, France, UK, Russia and Italy and important players such as Kuusakoski, B & B Plastics Recycling Inc , CarbonLite Industries
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Summary
Industry Background:
The world is facing a big issue related to the recycling of plastic. Most of the plastic recycled techniques either are expensive or complex. Thus, key players continuously investing in research and development activities to find an effective solution. Rising environmental concern and growing awareness of energy saving across the globe is fueling the growth of the market. Additionally, implementation of advanced techniques for recycling plastic by key players and high demand for plastic for packaging applications have been supplementing the market to grow. However, difficulty in the collection of waste plastic and high cost of recycled plastic are the reason that hampering the growth of the market. Moreover, government initiative and incentives for recycling plastic are giving strength to key players to grow and stay in the competitive market.According to AMA, the market for Plastic Recycling is expected to register a CAGR of 7.2% during the forecast period to 2024. This growth is primarily driven by High Availability of Waste Plastic i.e. Raw Material for Plastic Recycling, Implementation of Advanced Techniques for Recycling Plastic and High Demand for Plastic for Packaging Application.
Globally, a noticeable market trend is evident Rising Environmental Concern across the Globe . Major Vendors, such as Kuusakoski (Finland), B & B Plastics Recycling Inc (United States), CarbonLite Industries LLC (United States), Custom Polymers Inc (Hong Kong), Dart Container Corporation (United States), Fresh-Pak Corporation (United States), Novolex (United States), KW Plastics Recycling Division (United States), MBA Polymers UK Ltd. (United Kingdom) and PLASgran Ltd. (United Kingdom) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In December 2018, the Coca Cola has announced a new investment in enhanced recycling as part of the ‘world without waste’ vision. The company has planned to enhance recycling technique to convert recycled plastic into food-grade PET.
Market Drivers
High Availability of Waste Plastic i.e. Raw Material for Plastic Recycling
Implementation of Advanced Techniques for Recycling Plastic
High Demand for Plastic for Packaging Application
Market Trend
Rising Environmental Concern across the Globe
Growing Awareness towards Energy Saving
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Restraints
Difficulty in the Collection of Waste Plastic to be Recycled
Opportunities
Highly Involved in Research and Development Activities and Government Initiative and Incentives for Recycling Plastic
Challenges
Ban on Imports of Scrap or Waste Plastics Particularly in China and High Cost of Recycled Plastic
HTF follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
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Strategic Points Covered in Table of Content of Global Plastic Recycling Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025 Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Plastic Recycling Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025market. (Introduction, Scope of the Report)Chapter 2: Exclusive Summary – the basic information of the Global Plastic Recycling Market Insights by Application, Product Type, Competitive Landscape & R
….Continued
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