North America Recycled Plastics Market Size, Price, Top Companies & Share, Report 2022-27
The latest report by IMARC Group, titled “North America Recycled Plastics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the North America Recycled Plastics Market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The North America recycled plastics market size reached a value of US$ 7,190 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 9,326 Million by 2027, exhibiting a CAGR of 4.35% during 2022-2027.
Recycled plastics are reused plastics that are obtained from non-biodegradable and synthetic products produced from petrochemicals. The plastic wastes and scraps go through various stages, such as sorting, washing, shredding, identification, classification and extrusion, to convert them into recycled plastics. Recycling plastics is one of the effective solutions used to curb the negative environmental impact and resource depletion. It also decreases energy and material use, improves eco-efficiency and reduces waste in landfills, thus minimizing greenhouse gas emissions.
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North America Recycled Plastics Market Trends:
The North America recycled plastics market is primarily driven by the growing environmental concerns. This has resulted in the shift toward the use of recycled plastics over virgin plastics. Recycled plastics are also increasingly utilized in packaging, automotive, and electrical and electronics industries. Besides this, governments are taking initiatives to promote recycled plastics by banning single-use and virgin plastic products.
They are also taking measures to regulate waste production and encourage systematic waste treatment. Furthermore, several organizations in the North American region, such as the Association of Plastic Recyclers (APR) and Recycling Partner, are taking initiatives to instruct vendors on using post-consumer resin (PCR). On account of these factors, the market is expected to witness positive growth in the upcoming years.
Explore the Full Report with TOC & List of Figures: https://www.imarcgroup.com/north-america-recycled-plastics-market
Key Market Segmentation:
Breakup by Plastic Type:
- Polyethylene Terephthalate (PET)
- High Density Polyethylene (HDPE)
- Polypropylene (PP)
- Low Density Polyethylene (LDPE)
- Others
Breakup by Raw Material:
- Plastic Bottles
- Plastic Films
- Rigid Plastic and Foams
- Fibres
- Others
Breakup by Application:
- Non-Food Contact Packaging
- Food Contact Packaging
- Construction
- Automotive
- Others
Breakup by Region:
- United States
- Canada
Competitive Landscape:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players.
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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