Global Rigid Recycled Plastics Market Overview:
Rigid Recycled Plastics is plastic recycled with enforcement for rigidity of the plastic after molding and shaping it into whichever shape possible which is majorly high-density polyethylene. The rise in the usage of plastic has resulted in a massive amount of nondegradable waste, which is leading to various environmental problems. The Focus should be on Optimising the lifespan of plastics by reusing and recycling items as many times as possible. Some of the players profiled in the study are B. Schoenberg & Co., Inc. (United States), Replas (Australia), Advanced Environmental Recycling Technologies, Inc. (United States), Clear Path Recycling (United States), Wellman Advanced Materials (United States), Reprocessed Plastic, Inc. (United States), PLASgran Ltd (United Kingdom), Custom Polymers (United States), CarbonLITE Industries (United States) and Luxus Ltd (United Kingdom).
On the basis of geography, the market of Rigid Recycled Plastics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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 Recycling Method, the sub-segment i.e. Thermal Decomposition will boost the Rigid Recycled Plastics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Rise in Usage of Rigid Recycled Plastics in Rising Food and Beverage Industry
- Growth in Demand in Automotive Industry
- Surge in Usage of Recycled Plastics in The Electrical & Electronics for Making Tablets, Laptops, And Mobile Phones
- Rise in Eco-Friendly Initiatives by Bigger Brands and Government Support for Recycling
- Lack of Efficient Reverse Supply Chain for the Plastic Waste Collection and Delivery to Recycling Firms
In 2019, global plastics producer Indorama Ventures acquired Custom Polymers PET. This acquisition will help the company serve demand from customers for recycled plastic.
The global market for Rigid Recycled Plastics is fragmented by key players owing to an increase in government support for recycling plastic and environmental concerns. The rising players and start-ups should invest in R&D and usage of rigid plastic in innovative ways for reducing plastic waste.
Target Audience:Rigid Recycled Plastics Manufacturer, Provider/Distributor, Automotive Companies, Consumer Electronics and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Rigid Recycled Plastics market on the basis of product [HDPE, PP, PET and Others] , application [Packaging, Construction, Textile, Automotive, Electrical & Electronics and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Rigid Recycled Plastics market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Rigid Recycled Plastics industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Butler-MacDonald (United States), KW Plastic, Inc. (Alabama), wTe Corporation (United States), Envision Plastic Industries LLC (United States) and Kuusakoski (Finland).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Rigid Recycled Plastics market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. 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.