Latest Market Research Reports

  Recycled Plastics Industry The global recycled plastics market was valued at USD 51.70 billion in 2023, and it is anticipated to grow at a compound annual growth rate (CAGR) of 9.5% during the period from 2024 to 2030. This growth is primarily driven by the rising use of plastics in the manufacturing of lightweight components that are essential in a variety of industries. These industries include building and construction, automotive, electrical and electronics, among others. The increasing demand for such components across these sectors is likely to support the expansion of the recycled plastics market throughout the forecast period. Additionally, there has been a significant increase in online purchases of products in the electrical and electronics category, as well as personal care and personal protective equipment items, including gloves, face masks, and related goods. This trend is contributing to the growing use of recycled plastics in various forms of packaging, thereby dr...

  Recycled Plastics Industry The global  recycled plastics market  size was estimated at USD 51.70 billion in 2023 and is projected to grow at a CAGR of 9.5% from 2024 to 2030. Increasing plastic consumption in the production of lightweight components which are used in various industries including building & construction, automotive, electrical & electronics, and various other industries are expected to propel the market growth over the forecast period. The rise in online purchases of electrical & electronics, personal care products and personal protective equipment products such as gloves, face masks, and various products is driving the demand for recycled plastics used in different types of packaging sources. According to the Verge, the demand for affordable consumer electronic products such as laptops, mobile, modems and various others have increased majorly through e-commerce websites. These rise in demand for consumer electronic have propelled the de...

  Recycled Plastics Industry The global  recycled plastics market   size was valued at USD 96.48 billion in 2023 and is expected to exhibit grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2030. Increasing environmental concerns, rapid urbanization & industrialization, and the rising need to reduce the carbon footprint in the manufacturing of virgin plastic resin are expected to drive the demand for recycled plastics over the forecast period. The demand for recycled plastics is expected to increase mainly in the packaging application, which includes packaging of processed food & beverages, medical, electronics, and various other products, owing to the growing number of COVID-19 positive cases. The demand for medical & healthcare products has increased owing to the safety and hygiene required to tackle the pandemic situation. Amid the global COVID-19 pandemic, the demand for electrical & electronic products, such as laptops a...