What is Recycled Plastic Products?
Recycled plastic products are made from different types of recycled plastic. Manufacturing of products from recycled plastic has become a trend for the last decade to reduce greenhouse gas emissions, plastic waste, and promote sustainable living. In today’s time, clothes and other fashion items like polar fleece clothes, t-shirts, backpacks, and carpets made from recycled plastic are becoming more popular among consumers will create huge demand for recycled PET plastic. The high growth of plastic recycling rate in the countries like India, South Korea, and European countries due to the rapidly growing packaging industry in the region will create significant opportunities for the market.
The market study is broken down by Type (Clothes & Shoes, Building Materials, Packaging Material, Household Products and Others) and major geographies with country level break-up.
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Recycled Plastic Products market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
The Shakti Plastic Industries (India), Adidas (Germany), Patagonia (United States), Fab Habitat (United States), West Paw Inc. (United States), Preserve (United States), Recover Brands (United States), Suga, LLC (United States), Method Products, Ltd. (United States), Green Toys Inc. (United States) and Bureo (United States) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Recycled Plastic Products market by Type, Application and Region.
On the basis of geography, the market of Recycled Plastic Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Plastic Type, the sub-segment i.e. PET will boost the Recycled Plastic Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Recycled Plastic Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Individuals will boost the Recycled Plastic Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In September 2021, Union Government implemented a new rule allowing recycled plastic in food packaging applications. The rule was previously banned in 2018 by the FSSAI as it increases concern regarding food safety.
- High Growth of PET Plastic Recycling Due to Growing Demand of Fashion Items and Textile Garments
- Surging Demand of Plastic Developing Countries Due to Rapidly Growing FMCG Sector Thereby Packaging Industry
- Increasing Government Initiatives Towards the Plastic Recycling and Reusing to Manufacture Variety of Products
- High Growth of Plastic Usage in Daily Usage Products and Medical Industry
- Difficulty and High Cost Associated with the Recycling of Some Types of Plastics
- Inadequate Infrastructure Facilities for Recycling Plastic May Limit the Market Growth
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Recycled Plastic Providers and Plastic Recycling Facilities Providers, Recycled Plastic Products Manufacturers, Suppliers & Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as The Shakti Plastic Industries (India), Adidas (Germany), Patagonia (United States), Fab Habitat (United States), West Paw Inc. (United States), Preserve (United States), Recover Brands (United States), Suga, LLC (United States), Method Products, Ltd. (United States), Green Toys Inc. (United States) and Bureo (United States) etc.
2. Can we have customized study for Recycled Plastic Products Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Recycled Plastic Products Market by 2027?
Analysts at AMA estimates Recycled Plastic Products Market to reach USD Million by 2027.