Monday, May 20, 2024

Plastic Recycling Market Hits USD 32.9 billion in 2023, Targets 8.72% CAGR Soar Until 2030

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Global Plastic Recycling Market A Dive from USD 32.9 billion in 2023/by 2030 | MarkNtel Advisors

MarkNtel Advisors has recently released an all-encompassing report on Global Plastic Recycling market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.

Forecast 2030: Revealing Plastic Recycling Market Insights and Analysis

The Global Plastic Recycling Market size is valued at nearly USD 32.9 billion in 2023 & is predicted to reach about USD 59.23 billion by 2030.

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: – https://www.marknteladvisors.com/query/request-sample/global-plastic-recycling-market.html

Market Challenge: Lack of Investment to Hinder the Market Expansion

Insufficient investment in plastic recycling infrastructure & technologies represents a critical challenge for the industry, impacting its growth & innovation. Despite the increasing global awareness of the environmental consequences of plastic waste, the allocation of capital to support recycling efforts has not kept pace with the burgeoning demand. This lack of investment hindered the expansion of recycling facilities and the development of cutting-edge technologies necessary to enhance the efficiency & quality of plastic recycling. As a result, the industry faces limitations in its ability to process larger volumes of plastic waste and meet the growing demand for recycled materials.

A Comprehensive Overview of Geographical Diversity:

the Global Plastic Recycling Market expands across:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Explore Full Market Research Report – https://www.marknteladvisors.com/research-library/global-plastic-recycling-market.html

Plastic Recycling Market Segmentation Outline:

  • By Source (Bottles, Films, Fibers, Foams)
  • By Plastic Type (Polyethylene Terephthalate (PET), Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS))
  • By Type (Post-consumer Recyclates, Industrial Recyclates)
  • By Process (Mechanical Recycling, Chemical Recycling)
  • By Application (Packaging, Building & Construction, Textiles, Automotive, Electrical & Electronics)

Competitive Outlook

Veolia, Suez, KW Plastics, Jayplas, B. Schoenberg & Co., B&B Plastics, Green Line Polymers, Clear Path Recycling, Custom Polymers, and Plastipak Holdings

About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfil their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.

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