Asia-Pacific Plastic Recycling Market Size & Growth Forecast

Asia-Pacific Plastic Recycling Market Research Report: Forecast (2021-2026)

By Type (Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene, Others), By Source (Plastic Bottles, Plastic Films, Polymer Foam, Others), By E... ... Foam, Others), By End-User (Packaging, Building, and Construction Industrial Yarn, Automotive, Electrical and Electronics, Other End-user Industries), By Application (Building & Construction, Packaging, Electrical & Electronics, Textiles, Automotive, Others), By Process (Mechanical, Chemical), By Region (India, China, Indonesia, Philippines, Vietnam, Thailand, Rest of Asia Pacific), By Competitors (Alpek Polyester, Centriforce Products Limited, Clean Tech UK Ltd, DS Smith, Euresi Plastics SL, EF PLASTICS UK LIMITED, Far Eastern New Century Corporation (Phoenix Technologies), Foss Performance Materials, Indorama Ventures Public Company Limited, JFC Group, Krones AG, Kuusakoski, Lotte Chemical Corporation, MBA Polymers Inc., Mumford Industries, Petco. Co. za, Pistoni Srl, Placon, PolyClean Technologies, PolyQuest, Reliance Industries Limited, REPRO-PET, Teijin Limited, UltrePET LLC, Verdeco Recycling Inc.) Read more

Energy
Jan 2022
Pages 265
Report Format: PDF, Excel, PPT

Market Definition

Plastic recycling is a practice that addresses several environmental concerns like landfills, water pollution, environmental contamination, etc., associated with waste management & plastic pollution by reprocessing plastic into usable materials. This approach also facilitates the conservation of natural resources by producing plastic from scratch & minimizing landfill levels. The availability & active participation of several bottled water manufacturers & their intent to recycle plastic is crucially responsible for the accelerated demand for plastic recycling practices across Asia-Pacific.

Market Insights

The Asia-Pacific Plastic Recycling Market is projected to grow at around 6.4% CAGR during the forecast period, i.e., 2021-26. The growth of the market is driven primarily by the burgeoning adoption of plastic recycling activities throughout Asia-Pacific owing to the increasing focus of governments of different countries across the region on sustainable development, coupled with the urgent need to address environmental issues associated with massive plastic pollution.

In addition, the rising awareness among manufacturers about the advantages of using recycled plastics, like cost-effectiveness, environmental perks, flexibility, durability, and beneficial properties of plastics, such as impact resistance, excellent insulation, easy transformation & processing, strength, moisture resistance, etc., is another crucial aspect driving the plastic recycling market across the region.

Since recycled plastics have similar features to virgin plastics, their adoption is swiftly accelerating in automotive, textiles, packaging, construction, and other industries. Besides, the governments of China & India are laying out stringent regulations on plastic recycling in a suitable manner to reduce pollution & plastic waste into landfills or garbage dumps, which, in turn, is driving the market.

Report Coverage	Details
Study Period	Historical Data: 2016-19
	Base Year: 2020
	Forecast Period: 2021-26
CAGR (2021-2026)	6.4%
Countries Covered	Asia-Pacific: India, China, Indonesia, Philippines, Vietnam, Thailand, Rest of Asia Pacific
Key Companies Profiled	Alpek Polyester, Centriforce Products Limited, Clean Tech UK Ltd, DS Smith, Euresi Plastics SL, EF PLASTICS UK LIMITED, Far Eastern New Century Corporation (Phoenix Technologies), Foss Performance Materials, Indorama Ventures Public Company Limited, JFC Group, Krones AG, Kuusakoski, Lotte Chemical Corporation, MBA Polymers Inc., Mumford Industries, Petco. Co. za, Pistoni Srl, Placon, PolyClean Technologies, PolyQuest, Reliance Industries Limited, REPRO-PET, Teijin Limited, UltrePET LLC, Verdeco Recycling Inc.
Unit Denominations	USD Million/Billion

Impact of Covid-19 on the Asia-Pacific Plastic Recycling Market

The Covid-19 pandemic in 2020 had a decelerating effect on most industries across Asia-Pacific, and the Plastic Recycling Market was no exception since it witnessed several unprecedented challenges. With the imposition of stringent movement restrictions & lockdowns by governments of different countries across Asia-Pacific to curb the spread of this dreadful disease, the market observed disruptions in gathering plastic waste and processing operations like recycling since most manufacturing got shut.

Moreover, with supply chain disruptions, the distribution of raw materials & goods across several countries got hampered, which led to massive financial losses to the leading market players and reduced demand for plastic across different industries.

However, with the gradually reducing number of Covid-19 cases, governments of different Asia-Pacific countries uplifted restrictions and allowed recommencement of business operations, which enabled the market to recover from losses and regain its usual pace.

Nonetheless, in the coming years, the market is projected to generate remunerative growth opportunities for the leading players, with robust support from both private & public organizations inclining toward plastic recycling and reducing pressure from the overuse of fossil fuels & Green House Gas (GHG) emissions.

Introduction
1. Product Definition
2. Research Process
3. Assumptions
4. Market Segmentation
Preface
Executive Summary
Impact of COVID-19 on APAC Plastic Recycling Market
APAC Plastic Recycling Market Dynamics
1. Growth Drivers
2. Restrains
3. Challenges
APAC Plastic Recycling Market Value Chain Analysis
1. Waste Collection
2. Sorting And Shredding
3. Plastic Molding
4. End-Use Industries
5. Technological Advancements
  1. Technological Advancements
  2. Pumping Oil Out of Plastic
  3. Conversion of Plastic Bags Into. Useful Products
  4. Aluminum Separation
  5. Polystyrene-To-Styrene Monomer (PSM) Technology
  6. Biodegradable Bugs
APAC Plastic Recycling Market Key Strategic Imperatives for Success & Growth
Recent Development in APAC Plastic Recycling Market, 2020
Global Medical Oxygen Concentrator Market Outlook, 2016- 2026F
1. Market Size and Analysis
  1. Market Revenues
2. Market Share and Analysis
  1. By Type
    1. Polyethylene (PE)
      1. High Density Polyethylene (HDPE)
      2. Low Density Polyethylene (LDPE)
    2. Polyethylene Terephthalate (PET)
    3. Polypropylene (PP)
    4. Polyvinyl Chloride (PVC)
    5. Polystyrene
    6. Others
  2. By Source
    1. Plastic Bottles
    2. Plastic Films
    3. Polymer Foam
    4. Others
  3. By End User
    1. Packaging
    2. Building and Construction
    3. Industrial Yarn
    4. Automotive
    5. Electrical and Electronics
    6. Other End-user Industries
  4. By Application
    1. Building & Construction
    2. Packaging
    3. Electrical & Electronics
    4. Textiles
    5. Automotive
    6. Others
  5. By Process
    1. Mechanical
    2. Chemical
  6. By Region
    1. Asia Pacific
      1. India
      2. China
      3. Indonesia
      4. Philippines
      5. Vietnam
      6. Thailand
      7. Rest of Asia Pacific
APAC Plastic Recycling Market Government Regulations and Policies
Competitive Landscape
1. Alpek Polyester
2. Centriforce Products Limited
3. Clean Tech UK Ltd
4. DS Smith
5. Euresi Plastics S.L.
6. EF PLASTICS UK LIMITED
7. Far Eastern New Century Corporation (Phoenix Technologies)
8. Foss Performance Materials
9. Indorama Ventures Public Company Limited
10. JFC Group
11. Krones AG
12. Kuusakoski
13. Lotte Chemical Corporation
14. MBA Polymers Inc.
15. Mumford Industries
16. Petco.co.za
17. Pistoni Srl
18. Placon
19. PolyClean Technologies
20. PolyQuest
21. Reliance Industries Limited
22. REPRO-PET
23. Teijin Limited
24. UltrePET LLC,
25. Verdeco Recycling Inc.
Strategic Initiatives Company Profile (Business Description, Product Segmentation, Recent Developments, Key Contacts etc.)
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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