![Recycled Thermoplastic Market Size, Industry Analysis By Type (Bio-Degradable), By Form(Flakes), By Technology(Extrusion), By Product(Polyethylene [PE], Polyethylene Terephthalate [PET]), By Application(Packaging) – Global, Trends, Share And Forecast 2023-2030](https://www.infinitivedataexpert.com/assets/img/infinitive-Report-Cover.png)
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With a projected Compound Annual Growth Rate (CAGR) of over 11% from 2023 to 2030, the Recycled Thermoplastic Market is set to significantly expand from its 2022 estimate of USD 61.17 billion.
The rising number of building projects is a major factor propelling the market for eco-friendly and long-lasting building supplies. The market is growing significantly as recycled thermoplastics are being adopted by the building sector as a sustainable and cost-effective substitute for traditional materials. The Recycled Thermoplastic Market is expanding into an important part of the current construction industry as a result of this trend, which highlights the market's alignment with sustainability goals, regulatory requirements, and evolving customer preferences for greener solutions.
Population growth and fundamental changes in the administration of developing economies have accelerated the growth of the agriculture sector around the world, which in turn is expected to boost the expansion of the recycled thermoplastic market in the future years. Almost half of India's population finds gainful employment in the agricultural sector, which also makes a sizable economic contribution to the country. Mulch, waterway linings, greenhouses, sprinkle and trickle water systems, and low tunnel frameworks all make use of recycled thermoplastics, and as farming income rises, improved trade designs, and a surge in demand in the water system area help rural yield, the recycled thermoplastics market is expected to expand.
Automotive and transportation, packaging, electrical and electronics, construction, building materials, furniture and houseware, agriculture and horticulture, healthcare, and so on make up different segments of the global recycled thermoplastic market. By the end of the forecast period, the furniture and houseware subsegment is expected to account for the largest proportion of the global recycled thermoplastic market.
By 2032's end, the agricultural and landscaping sectors of the recycled thermoplastics market are expected to be worth more than USD 17.5 billion. Plant trays, reservoirs, vertical grow walls, grow bins, and liner sheets are just some of the many agricultural applications for thermoplastics. As a result, corrosive paints are being replaced with thermoplastic solutions for use in the interior panels and external bodies of agricultural machinery. As efforts are made to reduce the environmental impact of traditional plastic materials, innovations in the fields of biodegradable agricultural plastic and thermoplastic starches will increase product demand.
Recyclable thermoplastics have a polymer chain that does not degrade after being loosened. The global market for recycled thermoplastics, which includes both non-biodegradable and biodegradable products, is growing as a result. In the future, rising consciousness about severe perspectives regarding environmental standards is likely to influence demand in the worldwide recycled thermoplastics market.
The constant drive toward inventive work that results in the periodic launch of improved products is another force propelling the recycled thermoplastic industry forward. The Asia-Pacific region is projected to account for a sizable portion of the global recycled thermoplastic market in the future, particularly in terms of revenue. This is because of progress in the underlying components, particularly those of the electrical and electronic and automotive and transportation industries. In terms of rising disposable income and spending limits of consumers, developing nations like China and India are at the forefront of growing demand, which is boosting demand in the automobile and electronic devices industries. In addition, these nations have become important manufacturing centers.
Report Coverage
Global Recycled Thermoplastic research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Recycled Thermoplastic report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Recycled Thermoplastic competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Recycled Thermoplastic market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Recycled Thermoplastic market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Recycled Thermoplastic market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Plastipak Holdings, Inc., KW Plastics, PARC Corporation, B. Schoenberg and Co., Clear Path recycling, Custom Polymers Inc., Suez SA, RJM International Inc., Merlin Plastics Alberta Inc., JP Industrial, Ricova International Inc., Revital Polymers, Replas, and MRC.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Recycled Thermoplastic market based on the below-mentioned segments:
Global Recycled Thermoplastic Market, By Type
Bio-Degradable
Global Recycled Thermoplastic market, By Application
Packaging
Global Recycled Thermoplastic Market, By Product
Polyethylene [PE]
Polyethylene Terephthalate [PET]
Global Recycled Thermoplastic market, Regional Analysis
The rising number of building projects is a major factor propelling the market for eco-friendly and long-lasting building supplies. The market is growing significantly as recycled thermoplastics are being adopted by the building sector as a sustainable and cost-effective substitute for traditional materials. The Recycled Thermoplastic Market is expanding into an important part of the current construction industry as a result of this trend, which highlights the market's alignment with sustainability goals, regulatory requirements, and evolving customer preferences for greener solutions.
Population growth and fundamental changes in the administration of developing economies have accelerated the growth of the agriculture sector around the world, which in turn is expected to boost the expansion of the recycled thermoplastic market in the future years. Almost half of India's population finds gainful employment in the agricultural sector, which also makes a sizable economic contribution to the country. Mulch, waterway linings, greenhouses, sprinkle and trickle water systems, and low tunnel frameworks all make use of recycled thermoplastics, and as farming income rises, improved trade designs, and a surge in demand in the water system area help rural yield, the recycled thermoplastics market is expected to expand.
Automotive and transportation, packaging, electrical and electronics, construction, building materials, furniture and houseware, agriculture and horticulture, healthcare, and so on make up different segments of the global recycled thermoplastic market. By the end of the forecast period, the furniture and houseware subsegment is expected to account for the largest proportion of the global recycled thermoplastic market.
By 2032's end, the agricultural and landscaping sectors of the recycled thermoplastics market are expected to be worth more than USD 17.5 billion. Plant trays, reservoirs, vertical grow walls, grow bins, and liner sheets are just some of the many agricultural applications for thermoplastics. As a result, corrosive paints are being replaced with thermoplastic solutions for use in the interior panels and external bodies of agricultural machinery. As efforts are made to reduce the environmental impact of traditional plastic materials, innovations in the fields of biodegradable agricultural plastic and thermoplastic starches will increase product demand.
Recyclable thermoplastics have a polymer chain that does not degrade after being loosened. The global market for recycled thermoplastics, which includes both non-biodegradable and biodegradable products, is growing as a result. In the future, rising consciousness about severe perspectives regarding environmental standards is likely to influence demand in the worldwide recycled thermoplastics market.
The constant drive toward inventive work that results in the periodic launch of improved products is another force propelling the recycled thermoplastic industry forward. The Asia-Pacific region is projected to account for a sizable portion of the global recycled thermoplastic market in the future, particularly in terms of revenue. This is because of progress in the underlying components, particularly those of the electrical and electronic and automotive and transportation industries. In terms of rising disposable income and spending limits of consumers, developing nations like China and India are at the forefront of growing demand, which is boosting demand in the automobile and electronic devices industries. In addition, these nations have become important manufacturing centers.
Report Coverage
Global Recycled Thermoplastic research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Recycled Thermoplastic report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Recycled Thermoplastic competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Recycled Thermoplastic market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Plastipak Holdings, Inc., KW Plastics, PARC Corporation, B. Schoenberg and Co., Clear Path recycling, Custom Polymers Inc., Suez SA, RJM International Inc., Merlin Plastics Alberta Inc., JP Industrial, Ricova International Inc., Revital Polymers, Replas, and MRC. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Recycled Thermoplastic Market from 2021 to 2030.
- Market Forecast for Recycled Thermoplastic Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Recycled Thermoplastic competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Recycled Thermoplastic
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Recycled Thermoplastic market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Recycled Thermoplastic market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Plastipak Holdings, Inc., KW Plastics, PARC Corporation, B. Schoenberg and Co., Clear Path recycling, Custom Polymers Inc., Suez SA, RJM International Inc., Merlin Plastics Alberta Inc., JP Industrial, Ricova International Inc., Revital Polymers, Replas, and MRC.
Primary Target Market
- Market Players of Recycled Thermoplastic
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Recycled Thermoplastic market based on the below-mentioned segments:
Global Recycled Thermoplastic Market, By Type
Bio-Degradable
Global Recycled Thermoplastic market, By Application
Packaging
Global Recycled Thermoplastic Market, By Product
Polyethylene [PE]
Polyethylene Terephthalate [PET]
Global Recycled Thermoplastic market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive recycled thermoplastic market market research and competitor analysis for your business to help you develop more profound insights into the recycled thermoplastic market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the recycled thermoplastic market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.