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The “Recycled Plastics Market – Global Industry Analysis (2018 – 2021) – Growth Trends and Market Forecast (2022 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The global recycled plastics market was worth US$19.5 Bn in 2019 and is forecasted to reach US$30.2 Bn in 2026, registering a healthy CAGR of 8.1% between 2022 and 2026.
Companies Mentioned
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Indorama Ventures Public Company Limited
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Covestro AG
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Borealis AG
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LyondellBasell Industries NV
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Phoenix Technologies International, LLC
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UltrePET, LLC.
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Extrupet Group (Pty) Ltd
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KW Plastics
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Envision Plastics
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ALPLA Group
Development of innovative technology through research in the field of synthetic resins becomes a focal area for companies operating in the industry. In the face of such advancements, global market for recycled plastics can expect multiple opportunities for growth under its perusal.
Key Insights and Trends Dominating the Global Recycled Plastic Market
Food packaging will be the fastest growing application category in terms of volume. Polyethylene terephthalate (PET) was found to be a leading category of recycled plastics in 2019. In terms of value, it is projected to reach US$ 14.1 Bn by 2026, growing with a CAGR of 8.7% owing to the higher demand from food as well as non-food packaging applications.
Growing demand for sustainable plastic…
Full story available on Benzinga.com
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