PUBLISHER: Grand View Research | PRODUCT CODE: 1575188
PUBLISHER: Grand View Research | PRODUCT CODE: 1575188
The global recycled thermoplastics market size was estimated at USD 52.51 billion in 2023 and is projected to grow at a CAGR of 9.6% from 2024 to 2030. Growing concerns regarding the increasing plastic waste globally are driving the need to reduce plastic waste using various methods, including recycling, thus driving the market.
The recycled thermoplastic market is seeing increased demand as industries shift towards sustainability. Governments worldwide are enacting stricter environmental regulations, pushing manufacturers to adopt eco-friendly practices. Companies increasingly use recycled plastics in packaging, automotive, and consumer goods. The growth in plastic recycling technologies, such as chemical recycling, enhances the quality of recycled materials, making them more comparable to virgin plastics. This trend is also driven by consumers demanding more environmentally responsible products, leading to widespread adoption across multiple industries.
Global Recycled Thermoplastics Market Report Segmentation
This report forecasts volume & revenue growths at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global recycled thermoplastics market report based on form, technology, product, application, and region: