The rigid recycled plastics market value is anticipated to grow by 623.86 th MT from 2020 to 2025. However, the growth momentum of the market is expected to decelerate at a CAGR of 7.52%.
Market Drivers
The market is driven by factors such as the increasing demand from developing countries, volatility in the prices of crude oil, and the growth of the recycling industry. Emerging countries are expected to dominate the rigid recycled plastics market as a result of economic development, industrialization, and open market. The growth of the market is also expected to be driven by the increase in the manufacturing activities in these countries owing to the high GDP. Furthermore, the rising demand for infrastructure projects in countries such as China and India is expected to support the growth of the global rigid recycled plastics market during the forecast period.
Company Profiles
Some of the companies included in this report are Centriforce Products Ltd., Custom Polymer Inc., Envision Plastics, Imerys SA, Kuusakoski Group Oy, KW Plastics, Placon Corp., PLASgran Ltd., SUEZ SA, and Veolia Environnement SA, etc.
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Competitive Analysis
The competitive scenario covered in the rigid recycled plastics market report examines, assesses, and positions companies based on various performance indicators. Some of the factors considered for this analysis are the financial performance of companies over the last few years, growth strategies, product innovations, investments, new product launches, growth in market share, etc.
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Market Segmentation
- By type, the market is classified into HDPE, PP, PET, and others. The HDPE segment contributes the highest share of the market owing to the increase in demand for HDPE to produce bottles.
- By geography, the market is classified into North America, Europe, APAC, South America, and MEA. North America will have the largest share of the market. 43% of the market's growth is expected to originate from North America during the forecast period, with the US being the key country.
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Rigid Recycled Plastics Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 7.52% |
Market growth 2021-2025 |
623.86 th MT |
Market structure |
Fragmented |
YoY growth (%) |
7.50 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 43% |
Key consumer countries |
US, China, Germany, UK, and Australia |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Centriforce Products Ltd., Custom Polymer Inc., Envision Plastics, Imerys SA, Kuusakoski Group Oy, KW Plastics, Placon Corp., PLASgran Ltd., SUEZ SA, and Veolia Environnement SA |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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