Stratview Research has published a new report on the Post-consumer Recycled Plastics Market and bifurcated the market by Service Type (Collection & Transportation, Recycling, Incineration, and Landfills/Disposal), by Polymer Type (Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyurethane (PUR), Polystyrene (PS), and Others), by Processing Type (Chemical Process[Chemolysis, Pyrolysis, Hydrogen Technologies, and Gasification], Mechanical Process, and Biological Process), by End-Use Application Type (Packaging, Building & Construction, Automotive, Furniture, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Market Insights
According to the report, post-consumer recycled plastics market is likely to witness an impressive CAGR of 5.8% during the forecast period.
What are the factors that drives the Post-consumer Recycled Plastics Market?
The growing demand for post-consumer recycled plastics is mainly due to industrialization and awareness regarding reducing environmental impact of plastics through the process of recycling.
What is post consumer recycled plastic?
Post-consumer recycled plastics are the plastics which are made from recycling process of already used plastics such as packaging material and electronics. This is produced to reduce the environmental impact of plastics on the earth.
How does the report help?
The reports provided by Stratview Research are a comprehensive analysis of the market potential in various industry applications. The researchers and analysts study the market minutely and focus on the opportunity of the emerging economies of the globe, so that companies can strategically make region specific plans and gain competitive edge.
KEY BENEFITS:
- This report helps the users in understanding the strategies adopted by various key players across the globe, for the growth of the Post-consumer Recycled Plastics Market.
- The report studies the market conditions across all geographic regions and the data compiled here in the report are comprehensively analyzed.
- The drivers and restraints of this market are systematically analyzed so that the user could make use of every particular driver/opportunity related to the market.
- The report highlights the value chain analysis that offers key insights to the stake holders of this market.
Segment-Wise market Analysis
Based on the service type, the market is segmented as collection & transportation, recycling, incineration, and landfills/disposal. The recycling segment held the largest segment of the market in 2020, and is expected to remain dominant during the forecast period, owing to increasing number of plastic recycling plants all over the globe as mandated by the strict regulations of governments for recycling plastics.
Based on the polymer type, the market is segmented as polyethylene terephthalate (PET), high-density polyethylene (HDPE), low-density polyethylene (LDPE), polypropylene (PP), polyvinyl chloride (PVC), polyurethane (PUR), polystyrene (PS), and others. The polyethylene terephthalate (PET) segment is expected to remain dominant as well as the fastest-growing segment during the forecast period, due to its wide range of applications, such as in food packaging, electronics, and pharmaceutical packaging and its specific properties such as moisture-resistant, non-absorbent, and non-fluorescent.
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