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  • Algeria

    Algeria's Arms Imports Drop by 58% – Asharq Al-awsat – English

    Stellantis invests 200 mln euros to produce Fiat cars in Algeria – Kalkine Media

    Stellantis invests 200 million euros to produce Fiat cars in Algeria – Reuters.com

    Algeria's gas vs. rightwing ideology: Will Italy change its position on … – Middle East Monitor

    Borrell: Dispute between Algeria, Spain Harms Association Agreement – Asharq Al-awsat – English

    Museveni departs for Algeria on three-day state visit – Monitor

  • Egypt

    Egypt launches first center to support innovative non-banking fintech solutions – ZAWYA

    Planning Ministry calls for green projects to finance after 18 won last … – Egypt Today

    Saudi leads most Gulf bourses higher; Egypt down – Business Recorder

    Egypt's Military Is Under Pressure to Loosen Its Grip on Economy – The Wall Street Journal

    IBM brings intelligent automation software to Telecom Egypt to … – PR Newswire

    Egypt contributes to Europe's energy security: Petroleum Minister – Daily News Egypt

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  • Libya

    With 5.3% CAGR, Global Libya Cosmetics Market Size to Surpass … – Digital Journal

    Eye Hospital opens one of the major operation departments in the … – The Libya Observer

    The Oil Price Collapse Continues After Brief Respite – Yahoo Finance

    Maaloul & Jaziri called-up for Tunisia's double-header against Libya – KingFut

    Italy says 30 migrants missing after boat capsizes off Libya – Macau Business

    Italy fears huge numbers of migrants might sail from Libya | News … – KEYT

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    • Morocco

      GITEX Africa Morocco Announces Opportunities for Moroccan Startups – Morocco World News

      In search of Jewish heritage in Morocco's southern oases – Al-Monitor

      Royal Air Maroc Cancels More Flights To, From France Due to … – Morocco World News

      Astronomy Expert: First Day of Ramadan 2023 in Morocco is March 23 – Morocco World News

      Forbes Features Three Moroccans Among MENA's Top 100 … – Morocco World News

      Morocco DISC Assessments Launched at disc.ma by DISC Persona a Leading Personality Testing Company – EIN News

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      • South Sudan

        Journalists Held Over South Sudan President Video Are Freed – Voice of America – VOA News

        Kiir, Machar put S. Sudan on edge as political rows escalate – The East African

        South Sudan's president dismisses political rival's wife – KRDO

        After Pope Francis’ visit, South Sudan relief charity sees renewed interest and prayers – Catholic News Agency

        South Sudan: Al-Burhan Attends Signing Ceremony of Juba Peace … – AllAfrica – Top Africa News

        South Sudan's oil and water give it bargaining power – but will it benefit the people? – The Conversation Indonesia

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        • Sudan

          Why bank carnage in the west may boost China's appeal – The Business Standard

          Ambassador of Belarus S.Terentiev meets the Deputy Minister of Foreign Affairs of Sudan – ZAWYA

          Global banking crisis: Low prices to brighten prospects of OMCs – Business Standard

          Sudan's ruling council working to prevent 'authoritarian rule' in … – Middle East Monitor

          Group of ING business clients ask bank to stop financing fossil fuel … – NL Times

          VSAT Sudan – Spooool – Spooool.ie

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          • Tunisia

            Violence in Tunisia prompts increase in migrants heading for Europe – Arab News

            Burgan Bank resumes its sponsorship of Dar Al-Athar Al-Islamiyyah’s 27th Cultural Season – ZAWYA

            Human rights groups urge EU ministers to put pressure on Tunisia – Arab News

            Italy pushing IMF to help Tunisia and avoid instability, minister says – Reuters.com

            Tunisia's parliament convenes for first time since 2021 | Business … – Times Daily

            How 19 African central banks are considering digital money use – Monitor

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            • North Africa
              Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

              Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

              أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

              أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

              أوتيكو تتصدر ١٣٠٠٠ عينة بيئية تم تحليلها في ميناء تامان

              أوتيكو تتصدر ١٣٠٠٠ عينة بيئية تم تحليلها في ميناء تامان

              GCC health authorities and industry leaders meet to discuss pharma regulations and innovations

              GCC health authorities and industry leaders meet to discuss pharma regulations and innovations

              Globitel’s SpeechLog Retail solution adopted by one of Kuwait’s largest telecom operators in record-fast roll-out

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              Russian Stand to Feature Digital Art, Fresh Produce & Latest Foodtech Technology at Gulfood Dubai 2023

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              • Middle east
                Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

                Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

                BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East

                BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East

                أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

                أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

                أوتيكو تتصدر ١٣٠٠٠ عينة بيئية تم تحليلها في ميناء تامان

                أوتيكو تتصدر ١٣٠٠٠ عينة بيئية تم تحليلها في ميناء تامان

                تتعاون بيوماب و جامعة محمد بن زايد للذكاء الاصطناعي في مختبر مشترك للحسوبة الحيوية

                تتعاون بيوماب و جامعة محمد بن زايد للذكاء الاصطناعي في مختبر مشترك للحسوبة الحيوية

                BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East

                BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East

                Trending Tags

                • Press releases
                  Infusion Pump Market: Growing adoption of specialty infusion systems

                  Infusion Pump Market: Growing adoption of specialty infusion systems

                  Methyl Soyate Market expected to hit USD1.57 Bn by 2029 throughout the forecast period

                  Methyl Soyate Market expected to hit USD1.57 Bn by 2029 throughout the forecast period

                  Electric Aircraft Market Worth $37.2 billion in 2030 at a CAGR of 19.8%

                  Award Ceremony Celebrates Best in LGBTQ Culture and Media!

                  Award Ceremony Celebrates Best in LGBTQ Culture and Media!

                  Network Transformation Market expected to grow at a CAGR of 41.7 percent during the forecast period

                  Network Transformation Market expected to grow at a CAGR of 41.7 percent during the forecast period

                  Air Motor Market expected to hit USD 1.08 Bn by 2029 during the forecast period

                  Air Motor Market expected to hit USD 1.08 Bn by 2029 during the forecast period

                  Trending Tags

                  • Algeria

                    Algeria's Arms Imports Drop by 58% – Asharq Al-awsat – English

                    Stellantis invests 200 mln euros to produce Fiat cars in Algeria – Kalkine Media

                    Stellantis invests 200 million euros to produce Fiat cars in Algeria – Reuters.com

                    Algeria's gas vs. rightwing ideology: Will Italy change its position on … – Middle East Monitor

                    Borrell: Dispute between Algeria, Spain Harms Association Agreement – Asharq Al-awsat – English

                    Museveni departs for Algeria on three-day state visit – Monitor

                  • Egypt

                    Egypt launches first center to support innovative non-banking fintech solutions – ZAWYA

                    Planning Ministry calls for green projects to finance after 18 won last … – Egypt Today

                    Saudi leads most Gulf bourses higher; Egypt down – Business Recorder

                    Egypt's Military Is Under Pressure to Loosen Its Grip on Economy – The Wall Street Journal

                    IBM brings intelligent automation software to Telecom Egypt to … – PR Newswire

                    Egypt contributes to Europe's energy security: Petroleum Minister – Daily News Egypt

                    Trending Tags

                    • Commentary
                    • Featured
                    • Event
                    • Editorial
                  • Libya

                    With 5.3% CAGR, Global Libya Cosmetics Market Size to Surpass … – Digital Journal

                    Eye Hospital opens one of the major operation departments in the … – The Libya Observer

                    The Oil Price Collapse Continues After Brief Respite – Yahoo Finance

                    Maaloul & Jaziri called-up for Tunisia's double-header against Libya – KingFut

                    Italy says 30 migrants missing after boat capsizes off Libya – Macau Business

                    Italy fears huge numbers of migrants might sail from Libya | News … – KEYT

                    Trending Tags

                    • Morocco

                      GITEX Africa Morocco Announces Opportunities for Moroccan Startups – Morocco World News

                      In search of Jewish heritage in Morocco's southern oases – Al-Monitor

                      Royal Air Maroc Cancels More Flights To, From France Due to … – Morocco World News

                      Astronomy Expert: First Day of Ramadan 2023 in Morocco is March 23 – Morocco World News

                      Forbes Features Three Moroccans Among MENA's Top 100 … – Morocco World News

                      Morocco DISC Assessments Launched at disc.ma by DISC Persona a Leading Personality Testing Company – EIN News

                      Trending Tags

                      • South Sudan

                        Journalists Held Over South Sudan President Video Are Freed – Voice of America – VOA News

                        Kiir, Machar put S. Sudan on edge as political rows escalate – The East African

                        South Sudan's president dismisses political rival's wife – KRDO

                        After Pope Francis’ visit, South Sudan relief charity sees renewed interest and prayers – Catholic News Agency

                        South Sudan: Al-Burhan Attends Signing Ceremony of Juba Peace … – AllAfrica – Top Africa News

                        South Sudan's oil and water give it bargaining power – but will it benefit the people? – The Conversation Indonesia

                        Trending Tags

                        • Sudan

                          Why bank carnage in the west may boost China's appeal – The Business Standard

                          Ambassador of Belarus S.Terentiev meets the Deputy Minister of Foreign Affairs of Sudan – ZAWYA

                          Global banking crisis: Low prices to brighten prospects of OMCs – Business Standard

                          Sudan's ruling council working to prevent 'authoritarian rule' in … – Middle East Monitor

                          Group of ING business clients ask bank to stop financing fossil fuel … – NL Times

                          VSAT Sudan – Spooool – Spooool.ie

                          Trending Tags

                          • Tunisia

                            Violence in Tunisia prompts increase in migrants heading for Europe – Arab News

                            Burgan Bank resumes its sponsorship of Dar Al-Athar Al-Islamiyyah’s 27th Cultural Season – ZAWYA

                            Human rights groups urge EU ministers to put pressure on Tunisia – Arab News

                            Italy pushing IMF to help Tunisia and avoid instability, minister says – Reuters.com

                            Tunisia's parliament convenes for first time since 2021 | Business … – Times Daily

                            How 19 African central banks are considering digital money use – Monitor

                            Trending Tags

                            • North Africa
                              Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

                              Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

                              أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

                              أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

                              أوتيكو تتصدر ١٣٠٠٠ عينة بيئية تم تحليلها في ميناء تامان

                              أوتيكو تتصدر ١٣٠٠٠ عينة بيئية تم تحليلها في ميناء تامان

                              GCC health authorities and industry leaders meet to discuss pharma regulations and innovations

                              GCC health authorities and industry leaders meet to discuss pharma regulations and innovations

                              Globitel’s SpeechLog Retail solution adopted by one of Kuwait’s largest telecom operators in record-fast roll-out

                              Globitel’s SpeechLog Retail solution adopted by one of Kuwait’s largest telecom operators in record-fast roll-out

                              Russian Stand to Feature Digital Art, Fresh Produce & Latest Foodtech Technology at Gulfood Dubai 2023

                              Russian Stand to Feature Digital Art, Fresh Produce & Latest Foodtech Technology at Gulfood Dubai 2023

                              Trending Tags

                              • Middle east
                                Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

                                Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

                                BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East

                                BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East

                                أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

                                أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

                                أوتيكو تتصدر ١٣٠٠٠ عينة بيئية تم تحليلها في ميناء تامان

                                أوتيكو تتصدر ١٣٠٠٠ عينة بيئية تم تحليلها في ميناء تامان

                                تتعاون بيوماب و جامعة محمد بن زايد للذكاء الاصطناعي في مختبر مشترك للحسوبة الحيوية

                                تتعاون بيوماب و جامعة محمد بن زايد للذكاء الاصطناعي في مختبر مشترك للحسوبة الحيوية

                                BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East

                                BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East

                                Trending Tags

                                • Press releases
                                  Infusion Pump Market: Growing adoption of specialty infusion systems

                                  Infusion Pump Market: Growing adoption of specialty infusion systems

                                  Methyl Soyate Market expected to hit USD1.57 Bn by 2029 throughout the forecast period

                                  Methyl Soyate Market expected to hit USD1.57 Bn by 2029 throughout the forecast period

                                  Electric Aircraft Market Worth $37.2 billion in 2030 at a CAGR of 19.8%

                                  Award Ceremony Celebrates Best in LGBTQ Culture and Media!

                                  Award Ceremony Celebrates Best in LGBTQ Culture and Media!

                                  Network Transformation Market expected to grow at a CAGR of 41.7 percent during the forecast period

                                  Network Transformation Market expected to grow at a CAGR of 41.7 percent during the forecast period

                                  Air Motor Market expected to hit USD 1.08 Bn by 2029 during the forecast period

                                  Air Motor Market expected to hit USD 1.08 Bn by 2029 during the forecast period

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                                  Home Press Releases

                                  Plastic Recycling Market Size Forecast to Reach $38.1 Billion by 2026

                                  admin by admin
                                  January 29, 2022
                                  in Press Releases
                                  Phototherapy Equipment Market Size Forecast to Reach $1.2 Billion by 2026
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                                  (EMAILWIRE.COM, January 26, 2022 ) Plastic Recycling Market size is forecast to reach $38.1 billion by 2026, after growing at a CAGR of 6.2% during 2021-2026. Plastic recycling refers to the process of recovering waste or scrap plastic and reprocessing the materials into functional and useful products. Every year, more than 420 million tons of plastics are manufactured across the globe. And overall only about 9% of this plastic has been recycled, 12% has been burned and the remaining 79% has wrecked up in landfills. As a result, the reuse, recovery, and recycling of plastics are extremely important. Such Circumstances of escalating demand for plastics in different end-user industries and helpful government initiatives concerning the cutback of plastic waste have braced the growth of this market. With the growing awareness about global warming, plastic manufacturers are generally focusing on rising new recycling concepts to reduce greenhouse gas emissions and maintain environmental sustainability. On the other hand, the expanding use of virgin plastics and the scarcity of an appropriate plastic collection system has troubled the growth of the market. The increasing demand for recycled Polyethylene Terephthalate (PET) and High-Density Polyethylene (HDPE) is creating an opportunity for the Plastic Recycling market due to its low costs. The Asia Pacific dominated the global plastic recycling market. Countries like Japan and Singapore have achieved approximately 20% of high-rate plastic recycling.

                                  Plastic Recycling Market Segment Analysis – By Type

                                  Polyethylene Terephthalate (PET/PETE) the film held the largest share of 29% in the Plastic Recycling Market in 2020. PET is the utmost used polymer in the world and is a high gloss, crack-resistant transparent plastic. As a raw material, PET is considered a safe, strong, lightweight, flexible, and non-toxic material that can be effortlessly recycled. It is extensively used in numerous applications such as automotive, food and beverage packaging, and electronics. The growing demand for bottled drinks and glass and metal container replacements finds no better alternatives to PET, due to its versatility in shape and size. It is entirely recyclable and also the highest recycled plastic in the U.S and worldwide. It is recycled by carefully washing and re-melting it, or by chemically breaking it down to its component materials to make a new PET polymer. For instance, the U.S PET recycling rate was 27.9% in 2019. The rising demand of polyethylene terephthalate in food and beverages packaging such as carbonated soft drinks packaging contributed to the growth of the polyethylene terephthalate market which increases the growth rate of Plastic Recycling Market.

                                  Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=510965

                                  Report Price: $5900 (Single User License)

                                  Plastic Recycling Market Segment Analysis – By Recycling Process

                                  Mechanical Recycling dominates the Plastic Recycling Market holding share of 37%. The mechanical segment is anticipated to account for the fastest-growing segment during the forecast period. Plastic companies may want to uplift their investments in mechanical recycling operations to smooth the progress of rapid development of their contribution to include recycled polymers. Virgin PET is ductile and boasts high elongation at break values greater than 80% which have been found to rapidly reduce by a factor of 4 when mechanically recycled. Mechanical recycling is already profitable, although in selective applications or markets. This is because of its primary different initial point from traditional plastics manufacture and it can generate new polymer without having to invest billions of dollars in steam crackers and other units to create petrochemical building blocks. Therefore, it starts out as a comparatively privileged route to polymer production the factors such as low prices, easy availability, and wide availability of the equipment for mechanical pressing are contributing to its growth.

                                  Plastic Recycling Market Segment Analysis – By Application

                                  The packaging segment dominates the Plastic Recycling Market with a share of 40% in 2020. The market for packaging is growing because recycled plastics are rapidly endorsing its custom in food and beverage packaging, as technological improvements have made the recycled plastics appropriate for food products, which was not the case, until a few years earlier. Currently, 79% of councils collect other rigid plastic packagings such as pots, tubs, and trays in household recycling collections. For instance, the Association of Plastics Recyclers, enrolled corporations to initiate to consumption of further recycled plastics in their facilities and supply chains. Some of these companies are Coca-Cola North America, Unilever, Walmart, Target Corp., Procter & Gamble Co., PepsiCo, Campbell Soup, Amcor Werner & Mertz and Keurig Green Mountain Inc. These top retailers and packaging companies pledged to work towards using 100% reusable, recyclable or compostable packaging by 2025 or earlier. These companies together consume more than 6 million tons of plastic packaging per year. The rigorous demand for recycled plastics in the packaging industry is likely influencing the growth rate of the Plastic Recycling Market.

                                  Plastic Recycling Market Segment Analysis – By End-Use Industry

                                  Building and Construction dominates the Window Films Market growing at a CAGR of 11.2%. Recycling plastics is helping to save energy and landfill space and are used in new building and construction applications. Recycled plastics can be blended with virgin plastic to reduce cost without sacrificing performance and consuming plastics as a primary construction material is sufficient to encounter the average annual energy needs of 4.6 million US households which equivalent to all the households in 11 out of 50 states. The rapid increase in applications like roofing tiles, concrete for sideways, driveways, and more for its properties like lighter material, durability, long term energy saving are certainly impacting the growing demand of the Plastic Recycling Market.

                                  Plastic Recycling Market Segment Analysis – Geography

                                  Asia Pacific region held the largest share in the Window Films Market in 2020 up to 42% followed by North America and Europe. APAC is estimated to lead the market and the factors attributed to the development of the market are rapid industrialization and the prominence of waste management in countries like China, Japan, and India. The consumption of plastics has also increased due to the escalating automotive production, demand from the building and the construction industry. Moreover, there have been rigorous laws to waste management, which have additionally contributed to the development of the Plastic recycling market. For instance, China and India along with 67 other countries and put a complete or partial ban on using plastic bags and in 2019, 170 nations pledged to significantly reduce the use of plastic by 2030. Asia Pacific region claims more than 50% plastic recycling rate, majority of it is carried out in the informal sector and focused on single-use plastic recycling. China has recycled 282 million tons of metal and plastic, according to China’s Ministry of Commerce. Prior to the ban, China took in 12.6 billion pounds of the world’s plastic waste a year. And it is projected that in 2030 China would represent the biggest potential profit pool reflecting its position as the world’s biggest market for plastics use and biggest plastics-waste generator. Whereas in India PET plastic bottles have a 70% recycle rate. On the other hand, in the United States and Europe, conveying plastics waste into plastic production via mechanical recycling or pyrolysis instead of abandoning it in landfills or incinerating it could generate sizeable profit collections. The demands along with the rigorous government laws against the use of plastic for environmental reasons would likely gear up the Plastic Recycling Market.

                                  Plastic Recycling Market Drivers

                                  Recycling Plastics in the Automotive Industry

                                  Polypropylene (PP) is a type of plastic that is commonly used in the automotive industry. When it comes to efficiency in recycling, there is still a lot of room for improvement. Auto recyclers have been focusing on the recyclability of some car parts and components for decades, most notably steel parts as it makes up about 50% of a modern automobile’s volume, but only 10% of its weight. And so, the automotive industry is inclined towards recycled plastics for its various care parts like bumpers, floor mats, seats and dashboards, and others. There is a number of known companies who have claimed that they use recycled plastics for their car parts, for instance, Ford vehicles contain 250 bottles of recycled plastic, which represents the reuse of 1.2 billion bottles per year. And Volvo had ensured that at least 25% of the plastics used in the manufacture of cars would be recycled in 2025 under the UN-backed environmental plan. On the other hand, according to the Spanish Association of Automotive Suppliers (SERNAUTO), of which Knauf Industries Automotive is a member, this sector invested 1,545 million EUR in research and development of technological solutions that enable the design of increasingly efficient and sustainable vehicles. With the increasing demand and the initiatives taken by known companies are likely to influence the growth of the Plastic Recycling Market.

                                  Recycling minimizes Pollution, Global warming and Protects the Environment

                                  All forms of pollution in the modern world emanate from industrial waste. Recycling of these industrial wastes such as plastics, cans, and chemicals go a long way towards considerably cutting back on levels of pollution because these waste products are reused rather than just being thrown away recklessly. It is perfectly true that recycling minimizes global warming and its grave impacts. During waste disposal, huge amounts of waste have combusted that lead to the emission of vast greenhouse gases such as carbon dioxide, sulfur, and nitrogen, which contribute to climate change and global warming. And The great benefit of recycling waste material is that it plays a big part in protecting Mother Nature in the most balanced way. While many trees are felled every day, recycled paper manufactured from specific trees is continually utilized to reduce deforestation. This classic example demonstrates that other natural resources can be recycled and made useful this way to conserve the environment. And keeping the certain concern of pollution and global warming, the recycled plastic demand is escalating rapidly in the forecast period.

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                                  Plastic Recycling Market Challenges

                                  Rigid competition from virgin plastics

                                  Recycled plastics experience challenging competition from virgin plastics in terms of quality and its application. While virgin plastics can be cast-off in countless applications including food-grade packaging food product appear to be in direct contact with plastic, recycled plastics do not have a similar advantage. Usually, recycled plastics enjoy a price advantage over their virgin equivalent but that has tossed lately owing to the declaration of the Chinese scrap ban where they have blocked importing recycled plastics. Besides, with the discovery of shale gas in the US, there is a new source to produce fossil fuels as well as natural gas which is the main source of generating virgin plastics. This has simplified the massive upsurge of cheap virgin plastic material inflowing the marketplace. Thus, the rigid competition posed by virgin plastics limits the growth of recycled plastics.

                                  Products from Recycled Waste may not be Durable

                                  The excellence of products manufactured from recycled waste might not be at par considering the quality. These varieties of products are practically always made of trashed waste material gathered from mountains of other waste materials that have been excessively exploited and fragile. This produces products of recycled waste less durable and low-priced. Also, there is no assurance that high-quality products will be attained from waste recycling if input raw material is of a low-grade nature. Some items earmarked for recycling are eventually exposed to combustion or landfill dumping due to substandard quality. Such setbacks in the recycling process could hinder the growth rate of the Plastic Recycling Market.

                                  Plastic Recycling Market Segment Analysis – Market Landscape

                                  Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Window Films Market. Major players in the Plastic Recycling Market are Veolia Environment SA, Suez SA, Republic Services Inc., Borealis AG, B. Schoenberg & Co., Clear Path Recycling LLC, Dupoint Teijin Films, Custom Polymers Inc. Mura Technology, Waste Connection, B&J Par, KW Plastics, and BASF SE.

                                  Acquisitions/Technology Launches/ Product Launches

                                  In March 2021 UK-based Mura Technology has broken ground on the construction of the world’s first commercial-scale plant to use its groundbreaking hydrothermal process, which is able to recycle all forms of plastic waste and provide the raw ingredients for a sustainable circular plastic economy.

                                  In 24 March 2021, Thales Group and Veolia Environment S.A. had joined forces to create the first eco-designed SIM card made from recycled plastic. The plastic, which is mainly sourced from refrigerators, is transformed at Veolia’s recycling plant in Froissy, in the Picardy region. It will avoid the production of 5,000 metric tons of virgin plastic and the emission of 15,000 metric tons of CO2. And at the end of life, the plastic used to make the cards can be recycled and used again.

                                  Key Takeaways

                                  Asia Pacific dominates the Plastic Recycling Market owing to a rapid increase in Packaging, Building and Construction sector.

                                  The market drivers and restraints have been assessed to understand their impact over the forecast period.

                                  The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.

                                  The other key areas of focus include the various applications and end-use industry in Plastic Recycling Market and their specific segmented revenue.

                                  Due to the COVID-19 pandemic, most of the countries have gone under temporary shutdown, due to which operations of Plastic Recycling related industries has been negatively affected, thus hampering the growth of the market.

                                  Related Reports:

                                  A. Plastic Waste Management Market

                                  https://www.industryarc.com/Report/15174/plastic-waste-management-market.html

                                  B. US and Europe Paper Recycling Market

                                  https://www.industryarc.com/Report/19123/us-and-europe-paper-recycling-market

                                  For more Chemicals and Materials Market related reports, please click here

                                  About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



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