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The Global Plastic Recycling Market is Set to Exhibit a 5.82% CAGR by 2028 The  Plastic Recycling Market Trends   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...

  Plastic Recycling Market Overview The plastic Recycling Market is projected to be worth USD 67.32 billion by 2030, registering a CAGR of 7.19% during the forecast period (2022 to 2030), the market was valued at USD 38.51 billion in 2021. The plastic recycling market trends is driven by the 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 its 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...

Plastic Recycling Market 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. 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 time, polluting the environment. Plastics can also be consumed by unsuspecting animals, which can cause...

  Plastic Recycling Market overview Plastic recycling basically refers to reprocessing any waste or unused plastic. These plastics are, as a result of this, turned into new products. The growing application of plastics has made it inevitable to find a way for the product to be reused and recycled in a manner that doesn’t harm the environment or anyone. Matters like the increased carbon emission and the degrading quality of the soil have made sure of the fact that an issue like such gets addressed. The global  Plastic Recycling Market  aims to achieve a clean environment while maintaining a constant CAGR rate. The global  Plastic Recycling Market   was estimated to stand at 263.08 million tons by 2030, which began at 162.5 million tons in 2020. This continued with quite a healthy CAGR of 4.49%. Some continuous plans and efforts are being made by the government for the single-time use of plastic bags. The urge to create an efficient and harmless version of plastic...