North America Recycled Plastic Market, By Type (Polyethylene Terephthalate, Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene and Others), Source (Bottles, Bags, Films, Fibers, Foams and Others), Industry (Packaging, Building and Construction, Textile, Automotive, Electrical and Electronics, Household Goods, Agriculture, Healthcare and Others), Country (U.S., Canada and Mexico) Industry Trends and Forecast to 2028.
Market Analysis and Insights : North America Recycled Plastic Market
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.
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.
This recycled plastic market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on recycled plastic market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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.
North America Recycled Plastic Market Country Level Analysis
The recycled plastic market is analysed and market size, volume information is provided by country, type, source and industry as referenced above.
The countries covered in the recycled plastic market report are U.S., Canada and Mexico.
U.S. in North America dominates the recycled plastic market and will continue to flourish its dominance during the forecast period owing to the increasing use of recycled plastics in several industries such as textiles, automotive, packaging, and electrical and electronics, and growing of construction industry.
The country section of the recycled plastic market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Recycled Plastic Market Share Analysis
The recycled plastic market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to recycled plastic market.
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. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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