Plastics recycling: global markets

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Scope of the report: For the purposes of this report, the term “recycling” refers to the removal of products from the waste stream for use (excluding incineration or energy recovery).

New York, May 02, 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “Plastics Recycling: Global Markets” Report – https://www.reportlinker.com/p05962042/?utm_source=GNW
Any secondary use or reuse of the material is assumed to have already taken place.

The term “recovery” includes all disposal methods except land disposal, eg recycling, incineration, waste-to-energy (WTE).

Below we have mentioned some technical terms that we will use several times in the report.
– The term “chemical recycling” will be used to describe the return of chemical units originally used to manufacture resins. Nylon can be depolymerized into caprolactam.
– The term “feedstock recycling” will be used to refer to the process of breaking down plastics into a mixture of organic chemicals, some used in the manufacture of plastics and some not. Commodity recycling products are more akin to the raw materials used to produce plastics (eg oil, natural gas).
– Mechanical recycling methods include those that involve physical changes to the recovered plastic only, such as separation, crushing and classification.

This report will cover activities in four regions: North America, Europe, Asia and Rest of the World (Rest of World). All figures are rounded to the nearest million dollars or million pounds.

The growth rates shown are compound annual growth rates (CAGR) for the period 2022-2027. All value figures shown are in constant 2020 US dollars.

The market data in the tables of this report only covers post-consumer plastics. Post-industrial plastics are not included.

This report is divided into several sections as shown below –
– The introductory section summarizes the aims and objectives of the study, the reasons for doing the study and the scopes. The Summary and Highlights section provides a summary of the global plastics recycling market estimates and forecasts for 2020-2027, and it highlights the largest and fastest growing markets and important trends.
– The Overview section describes how plastics are made, the main types of plastics used and how plastics are disposed of after use, and provides a summary of recycling methods.
– The chapter on market dynamics places special emphasis on the drivers, restraints and opportunities. It describes the impact of the COVID-19 pandemic and presents a value chain analysis as well as Porter’s analysis.
– The Sources section describes existing markets by product source. Recycled waste includes bottles, vehicles, carpets and electronics. This section covers topics such as the amount of plastic collected and recycled each year from these sources. Where possible, it offers a prediction regarding the likely growth rate over the next five years.
– Other chapters also examine the recycling of plastics by resin and place of collection. Summarize the sources and end uses of available recycled materials. Most recycled polyethylene terephthalate (PET) comes from PET bottles, and the primary end market for recycled PET bottle resin is fiber.
– The Global Market section also showcases products made with recycled plastics, including applications such as wood plastics and plastic composites (e.g., wood, fibers, cement, glass). Products are covered separately and may be made from plastic from a combination of sources. Wood/fiber plastic composites can be made from several different types of resin, each of which can be derived from several different products.
– After the sections on the global market, four chapters will deal with the regional plastics recycling markets: North America, Europe, Asia and Rest of the world.
– The Company Profiles section lists relevant organizations and companies.
– The appendix provides definitions of abbreviations and acronyms.

Market values ​​and volumes have specific metrics as described below –
– Market values ​​are measured at the level of recycled plastic, such as the values ​​of recycled resin pellets.
– Market volumes by end use or application are measured both in terms of the amount of plastic available for recycling and the amount of plastic recycled.
– Market volumes by waste source (e.g. bottles, films) are measured in terms of the amount of plastic available for recycling.
– Market volume is segmented by types of resin waste (e.g. PET, PE) and measured at the level of the amount of plastic available for recycling.

The report includes:
– 259 tables
– An up-to-date revenue review and analysis of the global Recycled Plastics and Related Technologies Market
– Global market trend analyses, with data from 2020 and 2021, estimates for 2022, and projections of compound annual growth rates (CAGR) to 2027
– Assess and forecast the global plastic recycling market size in terms of value and volume, and analyze the corresponding market share by type of resin, collection location, waste source, end use and geographical region
– Latest insights on major market dynamics (DRO), technological advancements, industry structure, government regulations, and other macroeconomic factors affecting the overall plastics industry
– Highlights of emerging technology trends, opportunities and gaps estimating the current and future demand for Recycled Plastics and the impact of COVID-19 on the progress of this market
– Identification of companies best positioned to meet the demand for recycled plastics through their proprietary technologies, mergers and acquisitions, joint ventures and other strategic alliances
– Overview of recent industry structure, current competitive scenario, R&D activities, new product development and analysis of company value share based on their segment revenue
– Profile descriptions of major industry players including Indorama Ventures, LyondellBasell, Teijin, JK Plastics, ACI Plastics, and Phoenix Technologies LP

Summary:
The annual global production of plastics exceeds one million metric tons. Plastics recycling rates vary widely from region to region; for example, in Europe it is REDACTED %, REDACTED % in Asia-Pacific and REDACTED % in the United States. Low recycling rates in most underdeveloped and developing countries are a large-scale barrier to the global plastics recycling industry.

The global post-consumer plastics recycling market reached billions of dollars REDUCED in 2020 and billions of dollars REDUCED in 2021. The market was created by recycling billions of pounds of post-consumer plastics before processing.

The weight loss occurs in the processing of plastic waste, which has reduced the total volume to approximately REMOVED billion pounds in 2020 and REMOVED billion in 2020. The average price of recycled plastics sold to end users was $REMOVED per pound .

In 2019, the global plastics recycling industry rebounded almost to 2017 levels, before China began banning its post-consumer plastic imports in January 2018. It was up significantly from 2018.
Three factors have contributed to the rapid recovery of the global plastics recycling market –
– Europe has significantly improved its ability to recycle locally collected plastic waste, increasing the volume processed by more than four billion pounds per year.
– China has a huge appetite for recycled plastics. Vietnam, Malaysia, South Korea, Japan, Indonesia, Thailand and many other countries have set up facilities to produce recycled pellets and sell them in the Chinese market.
– Most other countries have also increased their domestic recycling capacity.

There are two main sources of post-consumer plastics for recycling: non-durables and sustainables. Consumables are mainly plastic bottles, containers and films.

Durable products include plastics used in electronics, carpets, automotive products, and other industrial and commercial products.
Read the full report: https://www.reportlinker.com/p05962042/?utm_source=GNW

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