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Recycled Plastic Market Size, Trends Analysis by Applications, Type & Segment Forecasts 2019 - 2025

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The latest trend grasping momentum in the recycled plastic market size is the increasing usage of recycle plastic in end-use industries. The concerns regarding contamination of plastic waste and disposal are driving the consumption of recycled plast
Adroit Market Research
Global Recycled Plastic Market
Dynamics, Application Share, Growth, Vendor
Competition, Trends and Forecast 2019-2025
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Adroit Market Research
Recycled Plastic Market Size and Forecast 2019-2025
• Plastic recycling has become a significant part of recycling but it is a cumbersome declaration of plastic recycling as
a success story especially from environmental perspective.
• Owing to the fact that less than 10% of plastic generation from the U.S. is recycled, as well the vigorously growing global challenge
of ocean plastic and the long suffering environmental concerns of plastic shopping bags.
• The recycling rate for plastic bottles in the U.S. is near about 30 %. Whereas in the United Kingdom, it's close to 20 to 45%.
• When it comes to recycling plastic waste efficiently, Norway is ahead of the game. As a matter of, the Scandinavian nation has
overtook the rest of the world by imparting efficient scheme that insanely recycles 97% of the all plastic bottles.
• With the help of an organization named Infinitum, Norway is able to recycle the plastic in most efficient and environmental
friendly way that it could reuse the material at least 50 times. The outcomes are so satisfying and worthy that other countries have
followed the suit.
• As we all know, creating new plastic is way cheaper than recycling old plastic. So companies may restrict themselves considering
the lack of monetary benefits, therefore, Norway has created a model which is based on a loan scheme.
Browse the complete report on https://www.adroitmarketresearch.com/industryreports/recycled-plastic-market
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Adroit Market Research
Recycled Plastic Market Size and Forecast 2019-2025
• The scheme includes small additional fee to the consumer who buys a plastic bottle. The charges are reimbursed
in number of ways. Users have option to take it to a ‘reverse vending machine’ which give back the money after
barcode scanning of the deposited bottle or return it to gas stations and small shops for store or cash credit.
• Geographically, dominating regions are Asia Pacific, Europe, North America, Latin America, and Middle East and
Africa. China is anticipated to contribute nearly 50% of the global market alone at the end of 2025. Asia Pacific in
importing recycled plastic scrap, with India also accounting for a notable share in the regional market.
• The global recycled plastic market is segmented into several classifications including end-user application, and
geographic regions. Based on the end-user application the market is categorized by non-food contact packaging,
food contact packaging, construction, and automotive. Whereas, geographically the market is widely range to
America, APAC, and EMEA.
• Leading players of the global recycled plastic industry include Avangard Innotive, Carbon ITE Industries, UltrePET,
Custom Polymers B. Schoenberg and more others.
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Adroit Market Research
Recycled Plastic Market Size and Forecast 2019-2025
• The charges are reimbursed in number of ways. Users have option to take it to a ‘reverse vending machine’ which
give back the money after barcode scanning of the deposited bottle or return it to gas stations and small shops
for store or cash credit.
• Transnational consumer goods giants like Unilever has declared its commitment, “where it will help transform
global plastic packaging material flows by: ensuring all of its plastic packaging is reusable, recyclable or
compostable by 2025; surging its use of recycled plastic content in its packaging to at least 25% by 2025.
• The latest trend grasping momentum in the recycled plastic market size is the increasing usage of recycle plastic in
end-use industries. The concerns regarding contamination of plastic waste and disposal are driving the
consumption of recycled plastics by various end-use industries.
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