Data Bridge Market Research analyses that the recycled plastic market will witness a CAGR of 5.50% for the forecast period of 2021-2028. Rising demand for recycled plastic by the electrical and electronics industry and growth and expansion of various end user verticals in the developing economies are the major factors attributable to the growth of the recycled plastic market.
The Global North America Recycled Plastic Market report brings into light key market dynamics of the sector. This intelligence report includes investigations based on Current scenarios, Historical records, and Future predictions. The report contains different market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, diagrams, graphs, pie charts, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis. It presents the 360-degree overview of the competitive landscape of the industries. North America Recycled Plastic Market is showing steady growth and CAGR is expected to improve during the forecast period.
From the name itself, it is clear that recycled plastic is a product that is obtained out of reprocessing or recovering of scrap or waste left out of plastic products. The major aim behind the application of recycled plastics is to ensure reduction in the level of environmental pollution. Plastic recycling undergoes five different processes namely sorting, washing, shredding, identification and classification of plastic, and extruding.
Growing awareness in regards to the harmful effects of plastic on their disposal, stringent regulations imposed by the government of disposing off the plastic wastes, harmful emissions from the use of petrochemicals, and fluctuating crude oil prices are the major drivers that will influence the growth of the market. Furthermore, the upsurge in the application of recycled plastic in the healthcare sector, rising alertness related to the energy savings, rise in the level of investments in developing countries and growing personal disposable income will accelerate the market growth rate. However, fluctuations in the prices of raw material, supply chain disruptions owing to the after effects of pandemic and complexities involved in the recycling process will hamper the growth of the market. Also, strict competition from virgin plastics and other biodegradable products will also impede the growth rate of market.
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Global North America Recycled Plastic Market report provides you with detailed insights, industry knowledge, market forecasts and analytics. The report on the global North America Recycled Plastic industry also clarifies economic risks and environmental compliance. Global North America Recycled Plastic market report assists industry enthusiasts including investors and decision makers to make confident capital investments, develop strategies, optimize their business portfolio, innovate successfully and perform safely and sustainably.
The major players covered in the recycled plastic market report are CUSTOM POLYMERS, B & B Plastics Inc., B. Schoenberg & Co., Inc., ENVISION PLASTICS, Jayplas, Joe’s Plastics, K K Asia (HK) Ltd., Berry Global Inc., MBA Polymers Inc., Plastipak Holdings, Inc., SUEZ, Ultra-Poly Corporation, VEOLIA ENVIRONNEMENT SA,, KW Plastics, Birch Plastics Inc., RJM INTERNATIONAL, INC., Asia plastics renewable resources holdings co., ltd., Clear Path Recycling, Green Line Polymers and Imerys among other.
North America Recycled Plastic Market Scope and Market Size
The recycled plastic market is segmented on the basis of type, source and industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the recycled plastic market is segmented into polyethylene terephthalate, polyethylene, polypropylene, polyvinyl chloride, polystyrene and others.
- On the basis of source, the recycled plastic market is segmented into bottles, bags, films, fibers, foams and others.
- On the basis of industry, the recycled plastic market is segmented into packaging, building and construction, textile, automotive, electrical and electronics, household goods, agriculture, healthcare and others.
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North America Recycled Plastic Market: Regional Analysis Includes:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
Key Indicators Analysed:
- Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin & Sales by Product Types.
- Global and Regional Market Analysis: The report includes Global & Regional market status and outlook. Further the report provides break down details about each region & countries covered in the report. Identifying its production, consumption, import & export, sales volume & revenue forecast.
- Market Analysis by Product Type: The report covers majority Product Types in the North America Recycled Plastic Industry, including its product specifications by each key player, volume, sales by Volume and Value (M USD).
- Market Analysis by Application Type: Based on the North America Recycled Plastic Industry and its applications, the market is further sub-segmented into several major Application of its industry. It provides you with the market size, CAGR & forecast by each industry applications.
- Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
- Opportunities and Drivers: Identifying the Growing Demands and New Technology
- Porters Five Force Analysis: The report will provide with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Reasons for buying this report:
- Analysing the outlook of the North America Recycled Plastic market with the recent trends and Porter’s five forces analysis
- To study current and future market outlook in the developed and emerging markets
- North America Recycled Plastic Market dynamics scenario, along with growth opportunities of the market in the years to come
- North America Recycled Plastic Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- North America Recycled Plastic Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
- Distribution Channel Sales Analysis by Value
- Competitive landscape involving the North America Recycled Plastic market share of major players, along with the new product launch and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategy employed by the major market players
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