Plastic Recycling Market Analysis By Industry Size, And Share, Manufacturers, Demand, Forecast 2025
Global plastic recycling market is projected to grow from an estimated $ 85 billion in 2020 to $ 110 billion by 2025. The global plastic recycling market is driven by rising inclination towards recycled plastics over virgin plastics because of high pollution caused by the plastics when disposed in oceans or other water bodies. In addition to this, energy saving benefits during the production of recycled plastics are positively impacting the market growth. Furthermore, ongoing research activities in order to find an effective method of recycling plastic waste all around the world is expected to bolster the growth of market over the next few years. The global plastic recycling market is segmented based on type, source, method, end user, company and region. In terms of type, the plastic recycling market is categorized into polyethylene terephthalate, polyethylene, polypropylene, polyvinyl chloride, polystyrene and others. On account of easy and cost-efficient recycling process of polyeth...