Asia-Pacific Recycled Plastic Market to Register a Healthy CAGR Between2019 -2026

The recycling process of plastics refers to the recovering of waste or scrap left out of plastic products and reprocessing it back into useful products. Since, plastic material is non-biodegradable, so it is recycled to reduce the harmful effects caused due to dumping of plastic products in the soil. The process of recycling goes through six major steps, collection, sorting, shredding, cleaning, melting and making of pellets.
The dumped waste plastic is collected by waste collectors and brought to the sorting facilities for further processing where, the plastic products are segregated on the basis of their color and the content of resin in them. The differentiated plastics go through the shredder where products are grinded and cut into small pieces so that they can easily be cleaned and made into pellets for further manufacturing of products.
Asia-Pacific recycled plastic market is expected to register a healthy CAGR in the forecast period of 2019 -2026.

Competitive Analysis: Asia-Pacific Recycled Plastic Market

Some of the major players operating in this market are CUSTOM POLYMERS, B&B PLASTICS INC, B. Schoenberg & Co., Inc., ENVISION PLASTICS, Jayplas, Joe's Plastics, K K Asia (HK) Ltd., Berry Asia-Pacific Inc., MBA Polymers Inc., Plastipak Holdings, Inc., SUEZ, Ultra-Poly Corporation, Veolia, KW Plastics, Birch Plastics Inc., RJM INTERNATIONAL, INC., Asia plastics renewable resources holdings co., ltd., CLEAR PATH RECYCLING, Green Line Polymers and Imerys among others.
Recent Developments:
  • In June 2019, Plastipak Holdings, Inc. and Garbo undergo with a partnership for industrial scale PET chemical recycling to expand their exclusive collaboration globally as well as to expand their product portfolio
  • In May 2017, Asia Plastics Renewable Resources Holdings Co., Ltd. subsidiary F-Regeneration announces plan of their business expansion by introducing 8 aircraft plans of Jinjiang Plant. Through this expansion, the company will expand its business portfolio to meet the demand of their customers
  • In May 2016, CUSTOM POLYMERS. Inc. started its new recycled polyester fibre operating unit in Alabama. Through this expansion, the company will be able to increase its production capacity and can meet the demand of its customers.

Segmentation: Asia-Pacific Recycled Plastic Market

Asia-Pacific recycled plastic market is segmented into three notable segments which are based on type, source and industry.
  • On the basis of type, the market is segmented into polyethylene terephthalate, polyethylene, polypropylene, polyvinyl chloride, polystyrene and others
  • On the basis of source, the market is segmented into bottles, bags, films, fibers, foams and others
  • On the basis of industry, the market is segmented into packaging, building & construction, textile, automotive, electrical & electronics, household goods, agriculture, healthcare and others.

Research Methodology: Asia-Pacific Recycled Plastic Market

Primary Respondents: Key industry participants, subject-matter experts (SMEs), C-level executives of key market players, and industry consultants.
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