(MENAFN- IMARC Group)
The latest report by IMARC Group, titled“ Europe Recycled Plastics market : industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032 ,“ offers a comprehensive analysis of the industry, which comprises insights into the Europe recycled plastics industry. The report also includes competitor and regional analysis, and contemporary advancements in the market. The Europe recycled plastics market size reached
12.7 Million Tons
in 2023. Looking forward, IMARC Group expects the market to reach
19.3 Million Tons
by 2032, exhibiting a growth rate
(CAGR) of 4.6%
during 2024-2032.
Europe Recycled Plastics Market Overview:
Recycled plastics refer to the plastics that have been reprocessed from scrap or waste plastic, transforming them into useful products and reducing the reliance on virgin plastic materials. This process involves collecting, sorting, cleaning, and reprocessing used plastic materials. The types of recycled plastics are often categorized by their resin identification codes, including PET (Polyethylene Terephthalate), HDPE (High-Density Polyethylene), and PVC (Polyvinyl Chloride), among others.
The recycling of plastics brings numerous advantages, including the conservation of resources, reduction in greenhouse gas emissions, and minimizing plastic pollution. Additionally, they are used in various sectors, including packaging, construction, automotive, and textiles, offering an eco-friendly alternative to virgin plastics. Their use supports environmental sustainability and fosters the circular economy, wherein the lifecycle of materials is extended.
Request to Get the Sample Report:
https://www.imarcgroup.com/europe-recycled-plastics-market/requestsample
Europe Recycled Plastics Market Trends:
The Europe market is witnessing a significant growth trajectory, fueled by regulatory policies, environmental concerns, and technological advancements. Along with this, the stringent EU regulations aimed at reducing plastic waste and promoting recycling initiatives are a major driving force. In addition, the European Commission's strategy on plastics in a circular economy sets ambitious recycling targets, thus propelling the demand. Moreover, increasing consumer awareness and preference for sustainable products are influencing market dynamics.
Apart from this, technological innovations in recycling processes are enhancing the quality and efficiency of recycled plastics, making them more competitive with virgin plastics. In confluence with this, the growing application of recycled plastics in industries such as packaging, automotive, and construction, where they are used for a range of products, from containers to building materials, is further stimulating market growth. Furthermore, the shift towards a more sustainable and circular economy in Europe is attracting investments in the recycling sector, thereby creating a positive market outlook.
Competitive Landscape:
Müller-Guttenbrunn Group MBA Polymers, Inc. Paprec Group Morssinkhof Rymoplast
Europe Recycled Plastics Industry Segmentation:
Breakup by Source:
Plastic Bottles Plastic Films Rigid Plastics and Foams Fibres Others
Breakup by Application:
Packaging Electrical and Electronic Automotive Agriculture Construction and Demolition Household (Non-Packaging Use) Others
Breakup by Plastic Type:
Polyethylene Terephthalate (PET) High Density Polyethylene (HDPE) Polypropylene (PP) Low Density Polyethylene (LDPE) Others
Breakup by Country:
Germany UK Italy France Spain Others
Key highlights of the Report:
Market Performance (2018-2023) Market Outlook (2024-2032) COVID-19 Impact on the Market Porter's Five Forces Analysis Strategic Recommendations Historical, Current and Future Market Trends Market Drivers and Success Factors SWOT Analysis Structure of the Market Value Chain Analysis Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
--
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
MENAFN06022024004122016232ID1107814049
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.