Plastic Recycling Market - Global Industry Analysis, Market Size, Share, Growth, Trends & Forecast 2016 - 2023
Applications of recycled plastics are escalating owing to the
advancements in superior recycling technologies. However, at the same
time, density of waste plastic is projected to increase as well.
Moreover, the modern recycling technologies are generally applicable
for comparatively well defined waste streams for instance packaging
waste. Packaging is called into subsistence because of the demand
from manufacturers & distributors to shield their products.
Generated waste plastic disposed off in different treatment
facilities.
Material recycling, incineration & landfills are the most common
treatment facilities. Energy recovery and recycling correspond to
each other. Waste-to-energy (WTE) facilities usually pull out
recyclable materials such as plastics, paper & glass prior to
sending non recyclable wastes to the WTE facility.
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WTE facilities in North America and Europe have shown higher total
diversion rate from landfills and equally higher mechanical recycling
rate. The most recycled plastic worldwide is post consumer PET
(polyethylene terephthalate), with an improved recovery
infrastructure in developed nations. The second most recycled plastic
globally is post consumer polyethylene. Recycled PET and polyethylene
accounted for almost 70% of total post consumer plastics recycling.
The plastic recycling market can be segmented based on plastic types
that are produced commercially. Thermoset plastics and thermoplastic
polymers are the two key groups that prominently exist in the
plastic’s market. Polylactic acid (PLA) & polyhydroxyalkanoates
(PHA) are the two new groups of plastics derived from corn that are
being used to substitute hydrocarbon-derived thermoplastics in a
range of applications. Major steps concerned with post-consumer
recycling include collection, sorting, cleaning, size reduction and
separation. Primary, secondary, tertiary and quaternary are the broad
varieties of recycling and recovery methods, which primarily involves
mechanical reprocessing into products with certain properties.
Tertiary recycling is one of the biological recycling that is
composed of biodegradable plastics.
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Analysis, Market Size, Share, Growth, Trends & Forecast 2016 –
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The regional segmentation of plastic recycling market can be done on
the basis of flows of plastic waste in terms of imports and exports.
The major importers and exporters of plastic recycling market are
China, the USA, the Netherlands, Belgium, Japan, Germany and the U.K,
wherein China is the largest importing and an exporting country for
waste plastics. Shortage of plastic raw material is one of the
problems in China, and recycled plastics are important sources, to
cover this need. The supply & demand of primary plastics are
directly connected to the long term demand of waste plastic in China.
Availability of clean feedstock, coupled with increasing consumer
demand, followed by stringent regulations is likely to bolster the
market growth. . Dependable detectors & decision and recognition
software are the major advancements in the plastic recycling
technologies to increase the efficiency and productivity in the
plastic recycling sector. Increase in the public awareness has
encouraged local authorities and manufacturers for the development of
products with recycled substance. The major restraint for plastic
recycling market is recycling mixed plastic waste and collection of
plastic recyclables. Implementation of policies to minimize
environmental impacts can have a huge impact on recycling market. If
the variety of materials were to be reorganized then efficiency of
post consumer packaging recycling could be considerably increased.
Some of the major players in the plastic recycling market are B &
B plastics incorporation, B. Schoenberg & corporation, PARC
corporation, Omni resource recovery, Custom polymers incorporation,
United plastic recycling, Coll materials/nicos polymers, Maine
plastics incorporation, Norwich plastics, APC recycling, NAM polymers
etc.
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