Recycled Plastics Market Share, Size, Global Insights and Future Outlook

Summary

Technavio Announces the Publication of its Research Report – Global Recycled Plastics Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Recycled Plastics Market: Avangard Innovative, B. Schoenberg & Co, Delta Plastics of the South, and UltrePET LLC.

Other Prominent Vendors in the market are: CarbonLITE Industries, Marmax Products, ORBIS, PolyPrime, and Worldwide Recycler Services.

Commenting on the report, an analyst from Technavio’s team said: “The demand for plastic and its related products is increasing significantly. This is attributable to the substitution of other materials and metals by plastics. Plastic is preferred in many automotive, healthcare, defense, and energy industries. This has been one of the primary reasons that have intensified the focus on plastic recycling.”

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Browse Detail Report With TOC @

https://marketreportscenter.com/reports/319904/global-recycled-plastics-market-2016-2020

According to the report, the growing demand for plastics from healthcare, automotive, food and beverage, oil and gas, construction, and household products has stimulated the need for plastic recycling. The scarcity of petrochemicals, rising costs of raw materials, and growing environmental concerns are also fostering the need for recycling.

Further, the report states that the lack of public awareness regarding the value and significance of recycled plastics is a prime challenge in the market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

About Recycled Plastics

Plastic recycling decreases the quantity of wastes that are being dumped into landfills and aids in transforming the wastes into lower or same grade plastic materials. These products are used across different...