Recycled Thermoplastic Market By Type: (Biodegradable, Non-Biodegradable); By Form: (Flakes, Pallets, Granules); By Technology: ( Extrusion, Injection Molding, Blow Molding, Film Molding, Others); By Product: (Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS), Polyvinyl Chloride (PVC), Others); By Application: ( Packaging, Automotive & Transportation, Building & Construction, Electrical And Electronics, Agriculture & Horticulture, Furniture & House wares, Medical, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global recycled thermoplastic market in 2018 was above US$ 50 Bn and is expected to grow more than US$ 103 Bn by 2026. The market is expected to register a CAGR of above 9% from 2019-2026.

Thermoplastic polymer has properties such as high-impact strength and heat-resistance and when mixed with the compounded thermoplastic polymer matrix it gives more high performance such as improved flow-ability and processing performance. Thermoplastic polymers include polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polymethylmethacrylate (PMMA), polyvinyl alcohol (PVA), ethylene-vinyl acetate copolymer (EVA), polyester, starch, and protein. Plastic recycling is a process in which useful products are produced through reprocessing and re-melting.

Market Dynamics

Major factors expected to drive the growth of the global recycled thermoplastic market are rapid industrializations in developed and developing countries, increasing plastic waste, coupled with rising R&D activities for development of eco-friendly plastic products. In addition, increasing use of plastic in day-to-day life, rising environmental concern, along with recycling plastic provides a better solution on environmental and ecological threats thus in turn supporting the growth of the target market.

Moreover, rising plastic waste generation in developing countries, along with unavailability of proper disposable facility especially in urban areas is resulting in growing need for development of recyclable thermoplastic products this is among other factors expected to support the growth of the global market.

However, availability of various alternatives is a major factor expected to hamper the growth of the global recycled thermoplastic market. In addition, lack of regulatory standards related to use of plastic in developing countries is expected to challenge the growth of the target market.

Developing government regulations and innovative product offerings by major players are factors expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period. In addition, increasing investment for technological advancements and R&D activities by public and private players is expected to further support the market growth.

Global Recycled Thermoplastic Market Analysis, by Type (2018)

The type segment of global recycled thermoplastic market is segmented in to biodegradable and non-biodegradable. The biodegradable segment is expected to dominate in the type segment and is expected to continue its dominance over the forecast period. This can be attributed to rising environmental concern and increasing R&D activities related to development of eco-friendly products.

Global Recycled Thermoplastic Analysis, by Form (2018)

The form segment of the target market is segmented into flakes, pallets, and granules. The pallets segment is expected to account for highest revenue share, owing to its properties that helps to mold it in various shapes especially for three-dimensional shapes.

Segment Analysis by Region

The region segment is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to contribute major revenue share in the global recycled thermoplastic market. This can be attributed to stringent government regulations related to use of plastic, increasing investment for R&D activities, along with presence of major players operating in the country in this region. In addition, stringent environmental regulations and rising awareness among consumers related to plastic threat to environment is resulting in growing demand for biodegradable plastic products thus driving the growth of the target market in this region.

Moreover, increasing government spending on development of eco-friendly thermoplastic products and approach towards lowering the ecological threat due to plastic and carbon dioxide emissions is resulting in demand for recycled thermoplastic. Furthermore, increasing investment for R&D activities and introduction of low cost innovative products by major players is resulting in growing adoption of recycled thermoplastic products which is further expected to support the growth of market 

The market in Asia Pacific is expected to witness faster growth, owing to rapid industrialization, high amount of plastic waste generation to be recycled, along with initiatives by the government to lower the dependency on plastic. In addition, major players approach towards shifting the manufacturing units to developing countries owing to easy availability of raw materials and low cost labor is expected to further support the target market growth in this region.

Competitive Landscape

Recycled thermoplastic is highly competitive market due to high presence of players operating on global level. In addition, increasing business expansion activities through strategic mergers and acquisitions in order to increase their presence, customer base, and enhance product portfolio is creating a competitive business scenario.

Report coverage

The market research study on “Recycled Thermoplastic Market (Type: Biodegradable and Non-Biodegradable; Form: Flakes, Pallets, and Granules; Technology: Extrusion, Injection Molding, Blow Molding, Film Molding, and Others; Product: Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS), Polyvinyl Chloride (PVC), and Others; Application: Packaging, Automotive & Transportation, Building & Construction, Electrical And Electronics, Agriculture & Horticulture, Furniture & House wares, Medical, and Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026”, offers a detailed insights on the global recycled thermoplastic market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global recycled thermoplastic market, its type, form, technology, product, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global recycled thermoplastic market size and segment markets by product, ends use, and geography along with the information on companies operating in the market. The recycled thermoplastic market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report include KW Plastics, Plastipak Holdings, Inc., PARC Corporation, Clear Path Recycling, B. Schoenberg and Co., Custom Polymers Inc., RJM International Inc., Suez SA, Merlin Plastics Alberta Inc., Ricova International Inc., and JP Industrial.

Market Segmentation

Market By Type:

• Biodegradable
• Non-Biodegradable

Market By Form:

• Flakes
• Pallets
• Granules

Market By Technology:

• Extrusion
• Injection Molding
• Blow Molding
• Film Molding
• Others

Market By Product:

• Polyethylene (PE)
• Polyethylene Terephthalate (PET)
• Polypropylene (PP)
• Polystyrene (PS)
• Polyvinyl Chloride (PVC)
• Others

Market By Application:

• Packaging
• Automotive & Transportation
• Building & Construction
• Electrical And Electronics
• Agriculture & Horticulture
• Furniture & House wares
• Medical
• Others

Market By Region

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa