Global Plastic Recycling Market is to Expand at a 6.9% CAGR Owing to Increased Awareness about Protecting the Environment | TMR
Citing this reason, the report states that the global plastic recycling market, which was valued at US$31.5 bn in 2015 is expected to reach a figure of US$56.8 bn by 2024. During the forecast period of 2016 and 2024, the global market is expected to progr
(EMAILWIRE.COM, October 17, 2018 ) The presence of a plethora of players is what makes the global plastic recycling market increasingly competitive and markedly fragmented, observes Transparency Market Research (TMR). Consumers across different countries don’t owe allegiance to any particular companies offering plastic waste recycling services. As a result, each prominent players may only command relatively small shares in the global plastic recycling market, finds TMR.
TMR notes that offering comprehensive plastic recycling services tailored to the requirements of end users imparts some a competitive edge over others in the global plastic recycling market. In this regard, Plasgran Ltd. is one of the leading players that has emerged to the fore with its wide portfolio of plastic waste recovery, reprocessing, and logistical services. Some of the other top players operating in the global plastic waste recycling market are Kuusakoski Oy, Envisison Plastics, and KW plastics. Over the years, the intensity of competition in the global plastic recycling market is likely to rise further and a growing number of players are expected to focus on emerging markets to consolidate its geographic reach over others.
The global plastic recycling market stood at US$31.5. During the assessment period of 2016–2024, the worldwide plastic waste recycling market is expected to expand at 6.9% CAGR to reach a worth of US$56.8 billion by the end of 2024.
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Mounting Concerns of Adverse Effects of Plastic Waste bolstering Demand
The rapidly growing plastic wastes overflowing dumping grounds, especially in several developing and developed nations, has triggered concerns among the governments and regulatory agencies for banning plastics dumping. This has set the ground for plastic waste recycling facilities and services in various parts of the world. The wide adverse effect of plastics dumping on the ecology in general and marine life in particular is a notable factor bolstering the demand for plastic waste recycling. The growing problem of pollution caused by inadequate disposal of single-use plastics across numerous developing countries in recent years has fueled the plastic waste recycling market.
The growing focus on stakeholders on circular economy is propelling the demand for plastic waste recycling. The high cost involved in making certain types of plastics has fueled the need for plastic waste recycling further. The exorbitant costs associated with the production of virgin plastics is a case in point.
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The key players operating in the global plastic recycling market Kuusakoski Oy, Plasgran Ltd., Envisison Plastics, KW plastics etc. The competitive landscape of the global market is quite fragmented due to the presence of several players. Each players holds a small share in the global market. In the coming years, companies will focus on expanding to emerging economies to remain dominant.
TMR notes that offering comprehensive plastic recycling services tailored to the requirements of end users imparts some a competitive edge over others in the global plastic recycling market. In this regard, Plasgran Ltd. is one of the leading players that has emerged to the fore with its wide portfolio of plastic waste recovery, reprocessing, and logistical services. Some of the other top players operating in the global plastic waste recycling market are Kuusakoski Oy, Envisison Plastics, and KW plastics. Over the years, the intensity of competition in the global plastic recycling market is likely to rise further and a growing number of players are expected to focus on emerging markets to consolidate its geographic reach over others.
The global plastic recycling market stood at US$31.5. During the assessment period of 2016–2024, the worldwide plastic waste recycling market is expected to expand at 6.9% CAGR to reach a worth of US$56.8 billion by the end of 2024.
Request Sample Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9049
Mounting Concerns of Adverse Effects of Plastic Waste bolstering Demand
The rapidly growing plastic wastes overflowing dumping grounds, especially in several developing and developed nations, has triggered concerns among the governments and regulatory agencies for banning plastics dumping. This has set the ground for plastic waste recycling facilities and services in various parts of the world. The wide adverse effect of plastics dumping on the ecology in general and marine life in particular is a notable factor bolstering the demand for plastic waste recycling. The growing problem of pollution caused by inadequate disposal of single-use plastics across numerous developing countries in recent years has fueled the plastic waste recycling market.
The growing focus on stakeholders on circular economy is propelling the demand for plastic waste recycling. The high cost involved in making certain types of plastics has fueled the need for plastic waste recycling further. The exorbitant costs associated with the production of virgin plastics is a case in point.
Request PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=9049
The key players operating in the global plastic recycling market Kuusakoski Oy, Plasgran Ltd., Envisison Plastics, KW plastics etc. The competitive landscape of the global market is quite fragmented due to the presence of several players. Each players holds a small share in the global market. In the coming years, companies will focus on expanding to emerging economies to remain dominant.
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Transparency Market Research
Ganesh Rajput
Tel: 15186181030
Email us
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Transparency Market Research
Ganesh Rajput
Tel: 15186181030
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results