LONDON–(BUSINESS WIRE)–Oct 12, 2020–The worldwide recycled plastics market dimension is poised to develop by USD 14.74 billion throughout 2020-2024, progressing at a CAGR of just about 7% all through the forecast interval, in accordance with the newest report by Technavio. The report affords an up-to-date evaluation relating to the present market state of affairs, newest tendencies and drivers, and the general market atmosphere. The report additionally supplies the market influence and new alternatives created as a result of COVID-19 pandemic. Obtain a Free Pattern of REPORT with COVID-19 Disaster and Restoration Evaluation.This press launch options multimedia. View the total launch right here: https://www.businesswire.com/information/dwelling/20201012005360/en/Technavio has introduced its newest market analysis report titled International Recycled Plastics Market 2020-2024 (Graphic: Enterprise Wire)The packaging trade is among the main shoppers of plastic. This induced many packaging firms to shift their focus towards recycled plastics, thereby decreasing their carbon footprint. Additionally, the rising consciousness about atmosphere safety amongst shoppers has prompted the packaging trade to undertake inexperienced and sustainable packaging options. Within the US, firms are utilizing recycled plastics in a variety of functions such because the manufacturing of FDA accredited meals packaging plastic containers, bottles, closures, jars, engineered pumps, sprayers, and caps. Unilever Group has just lately introduced that each one of its plastic packaging options can be absolutely reusable, recyclable, and compostable by 2025. With the growing adoption of reusable plastics in numerous functions, the recycled plastics market dimension will develop considerably in the course of the forecast interval.Register for a free trial at the moment and acquire prompt entry to 17,000+ market analysis experiences. Technavio’s SUBSCRIPTION platformReport Highlights:The key recycled plastics market progress got here from the packaging end-users phase. The excessive demand for plastic merchandise for packaging and the rising consciousness about the advantages of utilizing recycled plastics to make packaging options within the meals and beverage, private care, family care, and healthcare industries is among the main elements driving the expansion of the phase’s recycled plastics market share.APAC was the most important recycled plastics market in 2019, and the area will provide a number of progress alternatives to market distributors in the course of the forecast interval. The rising automotive manufacturing, growing demand for textiles, the rising building trade, and the rising use of recycled plastics in these industries will considerably affect recycled plastics market progress on this area.The worldwide recycled plastics market is concentrated. B. Schoenberg & Co. Inc., Envision Plastics, Imerys SA, Kuusakoski Group Oy, KW Plastics, MBA Polymers Inc., PLASgran Ltd., SUEZ SA, UltrePET LLC, and Veolia Environnement are a number of the main market members. To assist shoppers enhance their market place, this recycled plastics market forecast report supplies an in depth evaluation of the market leaders.Because the enterprise influence of COVID-19 spreads, the worldwide recycled plastics market 2020-2024 is predicted to have Impartial and At par progress. Because the pandemic spreads in some areas and plateaus in different areas, we revaluate the influence on companies and replace our report forecasts.Purchase 1 Technavio report and get the second for 50% off. Purchase 2 Technavio experiences and get the third totally free.View market snapshot earlier than purchasingRising Demand for Artificial Textiles can be a Key Market TrendThe rising demand for artificial textiles can be one of many key recycled plastics market tendencies. Nylon and polyester fibers derived from recycled plastics are extensively used within the manufacture of attire equivalent to shirts, pants, jackets, hats, and residential furnishings equivalent to mattress sheets, blankets, and different upholstered furnishings materials. Polyester fibers have a excessive demand within the textile trade due to their cost-effectiveness, recyclability, superior power, and adaptability. Regardless of the excessive price, nylon is more and more being utilized in many functions, together with conveyor belts, ropes, carpets, parachutes, racquet strings, sleeping baggage, and seat belts. The growing use of nylon is predicted to gasoline the expansion of the nylon filament market over the forecast interval. This may have a constructive influence on the worldwide recycled plastics market dimension. Because of these elements, the market will develop throughout 2020-2024.Technavio’s pattern experiences are freed from cost and comprise a number of sections of the report, such because the market dimension and forecast, drivers, challenges, tendencies, and extra.Request a free pattern reportRecycled Plastics Market 2020-2024: Key HighlightsCAGR of the market in the course of the forecast interval 2020-2024Detailed data on elements that may help recycled plastics market progress in the course of the subsequent 5 yearsEstimation of the recycled plastics market dimension and its contribution to the mother or father marketPredictions on upcoming tendencies and adjustments in client behaviorThe progress of the recycled plastics marketAnalysis of the market’s aggressive panorama and detailed data on vendorsComprehensive particulars of things that may problem the expansion of recycled plastics market vendorsBuy 1 Technavio report and get the second for 50% off. Purchase 2 Technavio experiences and get the third totally free.View market snapshot earlier than purchasingExecutive SummaryMarket LandscapeMarket ecosystemValue chain analysisMarket SizingMarket definitionMarket phase analysisMarket dimension 2019Market outlook: Forecast for 2019 – 20245 Forces AnalysisFive Forces SummaryBargaining energy of buyersBargaining energy of suppliersThreat of recent entrantsThreat of substitutesThreat of rivalryMarket conditionMarket Segmentation by Finish-userMarket segmentsComparison by Finish-user placementPackaging – Market dimension and forecast 2019-2024Building – Market dimension and forecast 2019-2024Automotive – Market dimension and forecast 2019-2024Electrical and electronics – Market dimension and forecast 2019-2024Others – Market dimension and forecast 2019-2024Market alternative by Finish-userMarket Segmentation by TypeMarket segmentsComparison by Kind placementPET – Market dimension and forecast 2019-2024HDPE – Market dimension and forecast 2019-2024LDPE – Market dimension and forecast 2019-2024PP – Market dimension and forecast 2019-2024Others – Market dimension and forecast 2019-2024Market alternative by TypeCustomer LandscapeGeographic LandscapeGeographic segmentationGeographic comparisonAPAC – Market dimension and forecast 2019-2024Europe – Market dimension and forecast 2019-2024North America – Market dimension and forecast 2019-2024MEA – Market dimension and forecast 2019-2024South America – Market dimension and forecast 2019-2024Key main countriesMarket alternative by geographyDrivers, Challenges, and TrendsMarket driversVolume driver – Demand led growthVolume driver – Provide led growthVolume driver – Exterior factorsVolume driver – Demand shift in adjoining marketsPrice driver – InflationPrice driver – Shift from decrease to higher-priced unitsMarket challengesMarket trendsVendor LandscapeOverviewVendor landscapeLandscape disruptionVendor AnalysisVendors coveredMarket positioning of vendorsB. Schoenberg & Co. Inc.Envision PlasticsImerys SAKuusakoski Group OyKW PlasticsMBA Polymers Inc.PLASgran Ltd.SUEZ SAUltrePET LLCVeolia EnvironnementAppendixScope of the reportCurrency conversion charges for US$Analysis methodologyList of abbreviationsAbout UsTechnavio is a number one international expertise analysis and advisory firm. Their analysis and evaluation focuses on rising market tendencies and supplies actionable insights to assist companies establish market alternatives and develop efficient methods to optimize their market positions. With over 500 specialised analysts, Technavio’s report library consists of greater than 17,000 experiences and counting, masking 800 applied sciences, spanning throughout 50 international locations. Their shopper base consists of enterprises of all sizes, together with greater than 100 Fortune 500 firms. This rising shopper base depends on Technavio’s complete protection, in depth analysis, and actionable market insights to establish alternatives in present and potential markets and assess their aggressive positions inside altering market situations.View supply model on businesswire.com:https://www.businesswire.com/information/dwelling/20201012005360/en/CONTACT: Technavio ResearchJesse MaidaMedia & Advertising ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Electronic mail:email@example.comWebsite:www.technavio.com/KEYWORD:INDUSTRY KEYWORD: PACKAGING CHEMICALS/PLASTICS TEXTILES MANUFACTURINGSOURCE: Technavio ResearchCopyright Enterprise Wire 2020.PUB: 10/12/2020 08:15 AM/DISC: 10/12/2020 08:15 AMhttp://www.businesswire.com/information/dwelling/20201012005360/en
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