Food-Grade Recycled Plastics Market Size, Share And Industry Analysis By Type, By End-use, By Application And Forecasts To 2027 | Becton, Abbott Laboratories, Suez, etc.
The Global Food-Grade
Recycled Plastics market is forecast to reach USD 40.58 Billion by 2027, according to a new report by
Reports and Data. In recent years, recycled plastics can be seen to become
highly significant and relevant. The rising awareness about plastic disposal in
landfills and the formulation of relevant policies are some of the mentionable
factors fostering the market growth. Increasing emphasis on manufacturing
materials and methods associated with recycled plastics is also acting in favor
of the growth of the sector. Various start-ups are making an effort to
penetrate the market by developing innovative ways of recycling plastics. As an
instance, the Cat-HTR, a start-up in Australia, has developed the Cat-HTR, a
unique hydrothermal upgrading platform that can economically and quickly
transform waste plastic, industry residues, and various biomass into a biocrude
or synthetic oil for producing sustainable chemicals and fuels. Such
developments by start-up companies would result in enriching the market.
Some
of the key players operating in the Food-Grade Recycled Plastics market are Becton, Dickinson and Company, Abbott
Laboratories, Bio-Rad Laboratories, Suez, Veolia, Jayplas, KW Plastics, B&B
Plastics, B. Schoenberg & Co., Clear Path Recycling, Green Line Polymers,
Nestlé and Plastipak Holdings., and others.
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Furthermore,
the report also covers a thorough analysis of the key factors influencing the
market growth. The report considers the COVID-19 pandemic as one of the major
factors affecting the expansion of the market. The pandemic has affected the
market directly by disrupting the global supply chains, halting the
manufacturing and production processes, and altering the economic landscape of
the market. The report also offers a current and future assessment of the
impact of the pandemic on the Food-Grade Recycled Plastics market.
Further
key findings from the report suggest
- In
context to Type, the High-density polyethylene segment is projected to
witness a considerable growth rate of 6.5% during the forecast period. The
growth rate witnessed by this segment is attributed to its benefits like
lightweight and strength, which results in its high preference and
popularity among end-users. The fact that it is approved by the FDA for
food contact also results in its elevating preference for this type of
recycled plastic.
- In
regards to Source, the Bottle segment is held the largest market share of
more than 60.0% of the market in 2019, which is projected to maintain
market dominance. The ease of collection, availability of bottles,
particularly PET bottles and the fact that it can be easily sorted results
in its elevated preference among manufacturers, contributing to the market
share held by this segment.
- In
regards to End-use, the Clear tough plastic segment occupied the largest market
share in 2019. The high demand for this type of plastic because of its
wide arena of applications like in water bottles, juice, and soft drink
bottles that are commonly bought beverage products, would result in high
demand for this type of recycled plastic for manufacturing this Clear
tough plastic.
- In
context to Application, the Packaging segment held more than 70.0% in
2019. The continuous growth of the packaging product manufacturing in
regards to their production capacity and infrastructure would result in
extensive use of this type of recycled plastic in for packaging purposes.
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Type
Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Polyethylene
Terephthalate
- Polypropylene
- High-density
polyethylene
- Polystyrene
- Polyvinyl
Chloride
- Polyethylene
- Others
Source
Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Bottles
- Films
- Others
End-use
Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Clear
tough plastic
- White/Colored
plastic
- Soft
flexible plastic
- Hard/flexible
plastic
- Rigid
brittle plastic
- Others
Application
Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Packaging
- Films
& sheets
- Others
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The
report covers all the investment opportunities, market dynamics, threats,
opportunities, challenges, restraining factors, and technological advancements
in the global Food-Grade Recycled Plastics market. The report covers key
regions such as North America, Latin America, Europe, Asia-Pacific, and the
Middle East & Africa. The report provides extensive details about the
production and consumption pattern, supply and demand ratio, sales, market
share and size, and the existence of the key players in each region. The report
also offers an estimation regarding the key regions expected to demonstrate a significant
growth rate over the coming years.
The regional analysis covers the
following regions of the key geographies of the Food-Grade Recycled Plastics
market:
•
North America (U.S.,
Canada, Mexico)
•
Europe (U.K.,
Italy, Germany, France, Rest of EU)
•
Asia Pacific (India,
Japan, China, South Korea, Australia, Rest of APAC)
•
Latin America (Chile,
Brazil, Argentina, Rest of Latin America)
•
Middle East & Africa (Saudi
Arabia, U.A.E., South Africa, Rest of MEA)
Global Food-Grade
Recycled Plastics Market: Table of Contents
Chapter 1. Market
Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive
Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative
Metrics
Chapter 4. Food-Grade
Recycled Plastics Market Segmentation & Impact Analysis
Continued……….
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