PUBLISHER: IMARC | PRODUCT CODE: 1609714
PUBLISHER: IMARC | PRODUCT CODE: 1609714
The Japan recycled plastics market size reached 8.8 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 11.2 Million Tons by 2032, exhibiting a growth rate (CAGR) of 2.5% during 2024-2032.
Plastic recycling is the procedure of recovering and reprocessing scrap plastic materials into valuable products. Some of the common types of plastic include polyethylene terephthalate (PET), high-density polyethylene (HDPE), polypropylene (PP), and low-density polyethylene (LDPE). The waste majorly goes through five stages, namely, sorting, washing, shredding, identification and classification, and extruding. Products manufactured through plastic recycling are biodegradable and environment-friendly. Plastic recycling aids in reducing landfill dependence, conserving resources, lowering plastic pollution, and preventing greenhouse gas emissions.
Japan recycled plastics market is primarily being driven by rapid industrialization and shifting focus towards sustainability. Lower labor costs and increasing awareness regarding the eco-friendly benefits of recycling plastics are further contributing to the market growth. Additionally, the escalating demand for plastic material across the food and beverage (F&B), healthcare, and packaging industries is fueling the market growth. This can be attributed to the rising population, continuous product innovations, and inflating national income. Moreover, the Government of Japan (GoJ) is introducing numerous recycling programs and implementing policies for controlling waste production, encouraging reuse and recycling of scrap plastic. Apart from this, leading players are consistently investing in research and development (R&D) activities to enhance the quality performance of recycled plastic products, which is creating a positive outlook for the market.
Polyethylene Terephthalate (PET)
High Density Polyethylene (HDPE)
Polypropylene (PP)
Low Density Polyethylene (LDPE)
Others
Plastic Bottles
Plastic Films
Rigid Plastic and Foam
Fibres
Others
Non-Food Contact Packaging
Food Contact Packaging
Construction
Automotive
Others
The competitive landscape of the industry has also been examined along with the profiles of the key players.