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Global recycled plastics market is projected to reach USD 60 Billion by 2025

Author: QYResearch | Publish date: 2018-05-11 | Views: 181
The global recycled plastics market was valued at USD 36.80 Billion in 2017 and is projected to reach USD 60 Billion by 2025, at a CAGR of 6.4% during the forecast period. In this study, 2017 has been considered the base year and 2018-2025 as the forecast period to estimate the recycled plastics market size.


Plastic recycling is the process of recovering scrap or waste plastic and reprocessing the material into useful products. Since the vast majority of plastic is non-biodegradable, recycling is a part of global efforts to reduce plastic in the waste stream, especially the approximately 8 million tons of waste plastic that enter the Earth's ocean every year. This helps to reduce the high rates of plastic pollution.


Plastic recycling includes taking any type of plastic, sorting it into different polymers and then chipping it and then melting it down into pellets. After this stage, it can then be used to make items of any sort such as plastic chairs and tables. Soft plastics are also recycled such as polyethylene film and bags. This closed-loop operation has taken place since the 1970s and has made the production of some plastic products amongst the most efficient operations today.


Compared with lucrative recycling of metal, and similar to the low value of glass, plastic polymers recycling is often more challenging because of low density and low value. There are also numerous technical hurdles to overcome when recycling plastic.


This report studies the Recycled Plastics market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market and splits the Recycled Plastics market by product type and applications/end industries.


Click to view the full report: https://www.qyresearch.com/index/detail/291263/global-recycled-plastics-market

 

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