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Plastic Recycling Market is Set to Exhibit a 5.82% CAGR by 2028 The Plastic recycling market was valued at USD 38.51 billion in 2021. The plastic recycling market industry is projected to grow from USD 41.24 Billion in 2022 to USD 66.66 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.10% during the forecast period (2022–2030). Increasing the use of plastic in the manufacturing of lightweight components utilized in many different industries, including electrical and electronic, building, and construction are the key market drivers enhancing the market growth. Plastic recycling is a process of recovering various classes of plastic material to be reused in other items, such as their original form. Items made from recycled plastic will typically not be recycled again. Before recycling, plastics undergo four separate phases — sorting, washing, shredding, and extruding. It is passed through these stages to ensure that it can be used for the production of different type...

  Plastic Recycling Market   Overview The plastic recycling market is anticipated to grow by US$2.45 Bn by 2023 rapidly growing at a CAGR of 5.82% during the forecast period. The global plastic recycling market is driven by increasing use of plastic in the packaging industry along with government support for recycling plastic. These factors have helped shape the plastic recycling market and are expected to boost the growth. Companies in the plastic recycling market could also face challenges such as lack of awareness about recycling and slow economic growth in some countries. The details covered in the plastic recycling market report cover all the aspects of the industry. Plastic recycling market analysts have also shared growth projections in the report and have suggested plastic recycling market players to plan growth strategies accordingly. Market Segmentation The global  Plastic Recycling Market  has been segmented based on material, recycling process, and applic...

  Plastic Recycling Market   Overview The plastic recycling market is anticipated to grow by US$2.45 Bn by 2023 rapidly growing at a CAGR of 5.82% during the forecast period. The global plastic recycling market is driven by increasing use of plastic in the packaging industry along with government support for recycling plastic. These factors have helped shape the plastic recycling market and are expected to boost the growth. Companies in the plastic recycling market could also face challenges such as lack of awareness about recycling and slow economic growth in some countries. The details covered in the plastic recycling market report cover all the aspects of the industry. Plastic recycling market analysts have also shared growth projections in the report and have suggested plastic recycling market players to plan growth strategies accordingly. Market Segmentation The global  Plastic Recycling Market  has been segmented based on material, recycling process, and app...

  The report presents a detailed overview of the global plastic recycling market to readers by providing a detailed look into the market’s historical statistics. The trajectory of the market from its historical statistics to its present-day figures is mapped in detail in the report. Based on this information, forecasts are made for the market’s likely growth trajectory over the forecast period till 2028. Major players operating in the global plastic recycling market are also profiled in the report, in order to provide readers with a complete overview of the competitive landscape of the global plastic recycling market. The impact of the COVID-19 pandemic on the global plastic recycling market is also assessed in detail in the report. Plastic recycling has become widely popular in recent years due to the growing awareness about the environmental unviability of plastics. Plastics are not biodegradable, due to which they can remain in their dumped environment for a long period of tim...