Recycled Plastics Global Market Report 2023 – By Type (Polyethylene Terephthalate, Polyvinyl Chloride, Polyethylene, Polypropylene, Polystyrene, Other Types), By Source (Plastic Bottles, Plastic Films, Plastic Foams, Plastic Fibers, Other Sources), By Application (Packaging, Textile, Automotive, Building And Construction, Electrical And Electronics, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

Engineering plastics are high-performance synthetic resins with high durability and heat resistance that have better mechanical and thermal properties. These resins are a class of plastic polymers that offer superior qualities over the more popular commodity plastics. The engineering plastics have the ability to withstand adverse mechanical and environmental conditions. The main types of engineering plastics are acrylonitrile butadiene styrene, polyamide, polycarbonate, thermoplastic polyester, polyacetal, fluoropolymer, and others. Acrylonitrile Butadiene Styrene (ABS) is used for injection molding applications. It is popular due to its low production cost. Acrylonitrile Butadiene Styrene (ABS) is a terpolymer made by polymerizing styrene and acrylonitrile in the presence of polybutadiene. The different performance parameters include high performance and low performance, and are employed in automotive and transportation, consumer appliances, electrical and electronics, industrial and machinery, packaging, and other end-use industries. The global engineering plastics market is segmented - 1) By Type: Acrylonitrile Butadiene Styrene, Polyamide, Polycarbonate, Thermoplastic Polyester, Polyacetal, Fluoropolymer, Other Types 2) By Performance Parameter: High Performance, Low Performance 3) By End-Use Industry: Automotive And Transportation, Consumer Appliances, Electrical And Electronics, Industrial And Machinery, Packaging, Other End-Use Industries The global engineering plastics market size grew from $96.04 billion in 2022 to $104.99 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global engineering plastics is expected to grow to $145.11 billion in 2027 at a CAGR of 8.4%. The growth in the electronics and electrical industries is expected to propel the growth of the engineering plastics market going forward. The electronics industry produces consumer electronics, electrical equipment, and electrical components for a variety of products. Engineering plastics are used in the manufacturing of various electronic goods such as computers, communication equipment, switchgear, storage batteries, and switchboards. For instance, according to the Ministry of Electronics and Information Technology, an India-based government agency, the electronics manufacturing industry is expected to grow from USD 75 billion in 2022 to USD 300 billion by 2026. Therefore, the growth in the electronics and electrical industries is driving the demand for the engineering plastics market. Major players in the engineering plastics market are Covestro AG, Du Pont de Nemours & Company, LG Chem Ltd., Evonik Industries AG, Mitsubishi Chemical Engineering Corporation, BASF SE, Celanese Corporation, Solvay S.A, Saudi Basic Industries Corporation, Lanxess AG, and E. I. du Pont de Nemours and Company. Bio-based or recycled-based materials have emerged as a key trend gaining popularity in the engineering plastics market. Major companies operating in the engineering plastics market are focused on developing bio-based or recycled-based materials as alternatives for plastics solutions to strengthen their position in the market. For instance, in August 2022, Toray Industries, Inc., a Japan-based producer of engineering plastics such as PPS, nylon, and PBT, developed the first ever fully bio-based adipic acid, a component of nylon 66 (polyamide 66), made from sugars extracted from non-edible feedstock. The company's microbial fermentation technology and chemical purification technology, which makes use of separation membranes, were combined in a unique synthesis method to accomplish this success. In May 2022, RadiciGroup, an Italy-based manufacturer and supplier of engineering polymers, acquired Ester Industries Ltd.’s engineering plastics business for $ 37 million. With this acquisition, RadiciGroup would be able to increase its already significant commercial presence in the Indian market. Ester Industries is an India-based manufacturer of engineering plastics. Asia-Pacific was the largest region in the engineering plastics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the engineering plastics market during the forecast period. The regions covered in the global engineering plastics market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the engineering plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The engineering plastics market consists of sales of polyetheretherketone, nylon 6, and polyetherimide (PEI). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The engineering plastics market research report is one of a series of new reports from The Business Research Company that provides engineering plastics market statistics, including engineering plastics industry global market size, regional shares, competitors with engineering plastics market share, detailed engineering plastics market segments, market trends and opportunities, and any further data you may need to thrive in the engineering plastics industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Medical plastics refer to plastic products specifically used in the healthcare industry. Medical plastics are resistant to temperature, corrosion, and chemicals making them the right fit for use in medical applications. Medical plastics are used for manufacturing and packaging applications in medical products. The main type medical plastics are polyvinyl chloride (PVC), polypropylene (pp), engineering plastics, polyethylene (PE), polystyrene (PS), silicones and others. The polyvinyl chloride (PVC) plastic are economical and versatile thermoplastic polymers widely used in medical devices. The process technology used in medical plastics are extrusion, injection molding, blow molding and others (including rotational molding and compression molding). Medical plastics are used in medical disposables, medical instruments, prosthetics & implants, drugs packaging and others. The global medical plastics market is segmented - 1) By Type: Polyvinyl Chloride (PVC), Polypropylene (PP), Engineering Plastics, Polyethylene (PE), Polystyrene (PS), Silicones, Other Types 2) By Process Technology: Extrusion, Injection Molding, Blow Molding, Other Process Technologies 3) By Application: Medical Disposables, Medical Instruments, Prosthetics & Implants, Drugs Packaging, Other Applications The global medical plastics market size grew from $29.51 billion in 2022 to $31.75 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global medical plastics is expected to grow to $44 billion in 2027 at a CAGR of 8.5%. The advancing medical plastic technology is significantly contributing to the growth of the medical plastics market. In the past few years, advancements in medical plastics technology such as injection molding, insert molding, and others along with ideas and new materials have gained popularity in the healthcare sector. Medical plastics are neutral and do not react with the physical or chemical properties of products packed or when they are implanted in the human body. Also, technique such as 3D printing has gained the popularity in the medical plastics technology. As medical plastic technology advances, there will be a significant increase in the production of medical plastics because of the advantages these advancements provide to manufacturers. For instance, according to the American Hospital Association, employing 3D anatomic models as surgical guides decreased surgery time by 62 minutes, saving $3,720 per case. Also, using 3D-generated anatomical models as guidance decreased the length of complicated surgeries by 1.5 to 2.5 hours. Therefore, the advancing medical plastic technology will propel the growth of the medical plastics market. Major players in the medical plastics market are BASF SE, Celanese Corporation, Solvay, Arkema SA, Eastman Chemical Company, Saint-Gobain Performance Plastics, Dow DuPont, Nolato AB, Mitsubishi Chemical Corporation, Exxon Mobil Corporation, Royal DSM, Spectrum Plastics Group, Emco Industrial Plastics Inc., Arthrex Inc and Danimer Scientific. Elimination single-use plastic is a key trend being followed by the companies operating in the medical plastics market due to risk of environmental harm caused by single-use. Eliminating single-use plastics is helpful to save the environment. Companies are focused on eliminating single-use plastics by introducing products that are made from eco-friendly materials and can be recycled. By launching these products, companies can increase their brand value, gain a competitive edge in the market, and capture additional market share. According to a firm that works to inspire positive change for people and the planet, Trvst Ltd., over 5 million tons of waste is generated by the hospitals each year, in which, around 25% of waste is contributed by plastic. For instance, EnviroPak LLC, a US-based manufacturer offers reusable steam sterilization pouch systems for infection control in healthcare and industries. It offers the FDA-approved EnviroPouch sterilization pouches to reduce the use of single-use plastic in hospitals as an alternative to single-use sterilization pouches. In addition, NewGen Surgical, a US-based medical device company, offers a 100% plant-based clinically designed kit packaging tray which can be recycled with paper. Additionally, it can reduce carbon-dioxide emission by 55% as compared to traditional foam trays and is easily biodegradable. In December 2021, Celanese Corporation, a US-based global technology, and specialty materials company acquired the Santoprene TPV elastomers business of Exxon Mobil Corporation for a total deal value of $1.15 billion. This deal enables Celanese Corporation to expand its portfolio of engineered solutions to their customers with the addition of the Santoprene business. The Santoprene TPV (thermoplastic vulcanizates) business of ExxonMobil is a proven solution for challenging applications in diverse markets such as healthcare, automotive, building and construction, industry, and consumer products. Exxon Mobil Corporation is an a US-based oil and gas company. Asia-Pacific was the largest region in the medical plastics market in 2022. The regions covered in the medical plastics market research report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the medical plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The medical plastics market consists of sales of polycarbonate, acrylonitrile butadiene styrene (ABS), polyethylene terephthalate glycol (PETG), and polymethyl methacrylate. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The medical plastics market research report is one of a series of new reports from The Business Research Company that provides medical plastics market statistics, including medical plastics industry global market size, regional shares, competitors with a medical plastics market share, detailed medical plastics market segments, market trends and opportunities, and any further data you may need to thrive in the medical plastics industry. This medical plastics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Antimicrobial plastics refer to synthetic polymer material containing an integrated and active component that inhibits bacteria growth. Antimicrobials can inhibit or alter one or more of the following cell functions of microorganisms such as cell wall synthesis, protein synthesis, cell membrane functions and nucleic acid synthesis. Antimicrobial plastics are used in healthcare to reduce the spread of microorganisms such as staph, strep, and methicillin-resistant staphylococcus aureus (MRSA) infections. The main type of product of antimicrobial plastics includes commodity plastics, engineering plastics and high-performance plastics. The inorganic market consists of sales of antimicrobial plastics by entities (organizations, sole traders, and partnerships) that are used in petrochemical industries. Inorganic antimicrobial plastics are an inorganic polymer that has a skeletal structure that lacks carbon atoms in the backbone. The main type of additive includes organic and inorganic. The antimicrobial plastics are applied in refining & petrochemical, metals, power generation and others and used in building & construction, automotive & transportation, healthcare, packaging, food & beverage, textile, consumer goods and others. The global antimicrobial plastics market is segmented - 1) By Product: Commodity Plastics, Engineering Plastics, High-Performance Plastics 2) By Additive: Inorganic, Organic 3) By Application: Refining And Petrochemical, Metals, Power Generation, Other Applications 4) By End-Use: Building And Construction, Automotive And Transportation, Healthcare, Packaging, Food And Beverage, Textile, Consumer Goods, Other End-Uses The global antimicrobial plastics market size grew from $44.13 billion in 2022 to $48.99 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The antimicrobial plastics market size is expected to grow to $72.96 billion in 2027 at a CAGR of 10.5%. The increasing penetration in food and beverages, packaging, and healthcare is expected to drive the growth of the antimicrobial plastics market going forward. Packaging for food and beverages using antimicrobial plastics provides protection, tamper resistance, and unique physical, chemical, or biological requirements for the food and beverages. Widespread penetration of food and beverages, packaging, and healthcare in antimicrobial plastics is boosting the growth of the market. For instance, in December 2021, according to ETHealthWorld, the packaging industry in India is predicted to develop at a rate of 26.7 % going forward due to increased penetration of sustainable packaging in the healthcare industry. The rise in population, rising life expectancy, expanding health awareness about the environmental impact of traditional packaging, and the transition to new packaging standards are driving growth. Therefore, the increasing penetration in food and beverages, packaging, and healthcare is expected to propel the growth of the antimicrobial plastics market. Major players in the antimicrobial plastics market are DuPont De Nemours Inc., BASF SE, Microban International, Sanitized AG, BioCote, Avient Corporation, King Plastic Corporation, Milliken Chemical, and Parx Plastics N.V. Product innovation is a key trend gaining popularity in the antimicrobial plastics market. Major market players are concentrating their efforts on creating innovative products such as Puretec. For instance, in November 2021, Sanitized, a Switzerland-based company engaged in antimicrobial hygiene function and material protection for textiles and polymers launched puretec for enhanced antimicrobial performance. Sanitized Puretec product provides superior antibacterial performance across all fibre types. Sanitized Puretec provides a one-of-a-kind solution for brands and retailers creating synthetic sportswear by allowing customers to wear their favorite items for longer periods of time before washing them. Offering long-lasting freshness on fabrics gives brands and sportswear users’ peace of mind. In November 2021, DuPont, a US-based company engaged in manufacturing of technology-based materials and solutions that help transform industries and everyday life acquired Rogers Corporation for $5.2billion. With this acquisition, DuPont's aims to expand its innovation and applied material science capabilities with Rogers technical competence and deep customer contacts. Rogers Corporation is a German-based company engaged in manufacturing engineered materials to power, protect and connect the world along with antimicrobial plastics. Asia-Pacific was the largest region in the antimicrobial plastics market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in antimicrobial plastics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the antimicrobial plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The antimicrobial plastics market consists of sales of polyamide, polybutylene terephthalate, polycarbonate, and PC/ABS blends. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The antimicrobial plastics market research report is one of a series of new reports from The Business Research Company that provides antimicrobial plastics market statistics, including antimicrobial plastics industry global market size, regional shares, competitors with an antimicrobial plastics market share, detailed antimicrobial plastics market segments, market trends and opportunities, and any further data you may need to thrive in the antimicrobial plastics industry. This antimicrobial plastics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Polyethylene terephthalate (PET) is a recyclable plastic resin. It is actually a polyester, created by the mixture of two monomers, namely, modified ethylene glycol and purified terephthalic acid. PET is often recycled into new PET containers, carpet, clothing, protective packaging, industrial strapping, automotive parts, construction materials, tennis balls, and tennis ball canisters. The main types of recycled polyethylene terephthalate are clear and colored. The term "clear recycled polyethylene terephthalate" refers to clear PET plastic, which is the most widely recycled plastic in the world. The recycled polyethylene terephthalate is used in various applications such as fiber, sheet and film, strapping, food & beverage containers and bottles, and non-food containers and bottles. They are used by the packaging, electrical and electronics, automotive, and construction industries. The global recycled polyethylene terephthalate market is segmented - 1) By Product: Clear, Colored 2) By Application: Fiber, Sheet and Film, Strapping, Food & Beverage Containers and Bottles, Non-Food Containers and Bottles 3) By End-Use Industry: Packaging, Electrical & Electronics, Automotive, Construction The global recycled polyethylene terephthalate market size grew from $9.01 billion in 2022 to $9.81 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global recycled polyethylene terephthalate is expected to grow to $13.67 billion in 2027 at a CAGR of 8.7%. The increase in demand for sustainable packaging solutions is driving the growth of the recycled polyethylene terephthalate market. According to Placon, the leading designer and manufacturer of plastic thermoforming and injection-molded packaging, the coming decade will see the collection of post-consumer beverage bottles reach close to 100%. Recycling is critical to a sustainable future as it delivers fewer greenhouse gases and generates less waste. Global brands are including more and more recycled content in their packaging to meet consumer demands. The most popular and widely used brands, like Coca-Cola, PepsiCo, Unilever, Danone, and Nestle, have all made commitments to include up to 100% recycled plastic in their packaging. These companies recognize the value of PET, not just from an economical standpoint but also from a holistic sustainability standpoint. Major players in the recycled polyethylene terephthalate market report are Placon Corporation, Verdeco Recycling Midwest Inc., Montello Spa, Antares Chem Private Limited, Indorama Ventures Public Company Limited, Zhejiang Anshun Pettechs Fibre Co. Ltd., PolyQuest Inc., Evergreen Plastics, Phoenix Technologies Ltd., M&G Chemicals S.A, LIBOLON, Clear Path Recycling LLC, BariQ, M&G Chemicals S.A., and OCTAL. Technology advancement activities are a key trend gaining popularity in the recycled polyethylene terephthalate market, such as PET, the XTREME Renew process, and others. Innovative recycling and recovery techniques and technologies have enormous economic value in transforming post-use and difficult-to-recycle plastic. They can be converted into their original building blocks that can be continually reintegrated into supply chains as feedstocks for new plastics and chemicals, other raw materials for manufacturing, and lower-environmental-footprint transportation fuels. Advanced recycling can handle impurities, contamination, mixed polymers, and low-quality, low-density plastics. Other than these printing wastes, manufacturers also utilize PET waste from other streams for this purpose, thus lowering material costs. In 2021, LiquiGlide technology was adopted that removes friction, allowing thick, slow-moving liquids to flow more easily. This was used by Colgate's new clear PET toothpaste container. In June 2021, Indorama Ventures Sustainable Recycling (IVSR), based out of Asheboro, North Carolina, United States, the largest producer of food-grade recycled pellets (Recycled Polyethylene Terephthalate) in the U.S., announced the acquisition of Texas PET recycling facility Carbonlite Holdings LLC. This acquisition deal expands IVSR's recycling capacity to ten billion beverage bottles a year, moving it closer to its global target of recycling 50 billion bottles. Carbonlite Holdings LLC is the world’s largest recycler of plastic beverage bottles. It processes more than 7 billion bottles annually at its facilities in Dallas. Carbonlite Holdings LLC is headquartered in Los Angeles, California, in the United States. Asia-Pacific as the largest region in the recycled polyethylene terephthalate market in 2022. Asia-Pacific is expected to be the fastest-growing region in the recycled polyethylene terephthalate market share the during the forecast period. The regions covered in the recycled polyethylene terephthalate market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the recycled polyethylene terephthalate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The recycled polyethylene terephthalate market consists of sales of recycled polyethylene terephthalate flakes and chips. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.  The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The recycled polyethylene terephthalate market research report is one of a series of new reports from The Business Research Company that provides recycled polyethylene terephthalate market statistics, including recycled polyethylene terephthalate industry global market size, regional shares, competitors with a recycled polyethylene terephthalate market share, detailed recycled polyethylene terephthalate market segments, market trends and opportunities, and any further data you may need to thrive in the recycled polyethylene terephthalate industry. This recycled polyethylene terephthalate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Plastic waste management refers to managing and processing plastic waste to make it reusable. Plastic waste management aims to encourage plastic production with circular materials, and ensure a high uptake of recycled plastics. These management techniques help in reducing the amount of waste in the ecosystem, pollution from the atmosphere, and the elimination of harmful germs and chemicals. The main services of plastic waste management are collection, recycling, incineration, and landfills. Incineration refers to a waste treatment process that involves the combustion of waste and the recovery of energy from the heat produced. The process produces a synthetic gas that is used to power turbines. The main sources in the plastic waste management market are noted to be residential, commercial, and industrial. Polymers like polypropylene (PP), low-density polyethylene (LDPE), high-density polyethylene (HDPE), polyvinyl chloride (PVC), polyurethane (PUR), terephthalate (PET) and other polymers are managed in the market to cater the demand from end-users like packaging, textile, consumer product, transportation, building and construction, electrical and electronics, and other end users. The global plastic waste management market is segmented - 1) By Services: Collection, Recycling, Incineration, Landfills 2) By Source: Residential, Commercial, Industrial 3) By Polymer: Polypropylene (PP), Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Polyvinyl Chloride (PVC), Polyurethane (PUR), Terephthalate (PET), Other Polymers 4) By End User: Packaging, Textile, Consumer Product, Transportation, Building And Construction, Electrical And Electronics, Other End User The global plastic waste management market size will grow from $35.37 billion in 2022 to $36.72 billion in 2023, at a compound annual growth rate (CAGR) of 3.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global plastic waste management market is expected to grow to $43.9 billion in 2027 at a CAGR of 4.6%. The increase in awareness about plastic management is expected to the significant factor driving the growth of the plastic waste management industry. The awareness about plastic management induces various end-users to use recycled plastic which will boost the growth of the plastic waste management industry. Due to the rising awareness about plastic management, several companies have taken significant steps toward reusable plastics. For instance, in February 2022, Coca-Cola, a US-based beverages company, declared an industry-leading objective to increase its use of reusable packaging significantly. Additionally, by 2030, the company hopes to have a minimum of 25% of all beverages sold in refillable plastic bottles or containers. This increasing awareness of plastic management will invariably result in proper plastic waste management. Therefore, awareness about plastic management is expected to propel the growth of the plastic waste management industry. Major players in the plastic waste management market are Veolia Environnement SA, PLASgran Ltd., SUEZ Environnement Company, Republic Services Inc., Clean Harbors Inc., Stericycle Inc., Remondis SE & Co KG, Covanta Holdings, Biffa, Luxus Limited, REPLAS, B SCHOENBERG & CO, TerraCycle, WasteCare, KW Plastic, wTe Corporation, WM Intellectual Property Holdings, Hitachi Zosen, United Plastic Recycling, Inc., and the ALBA Group. Technological advancement is the key trend in the plastic waste management market. The key players operating in the plastic waste management sector are bringing technological advancements to strengthen their position in the market. These companies are implementing advanced technologies like machine learning, artificial intelligence (AI), satellite mapping, block-chain, nanotechnology, genetic modification of chemicals, and others to curb plastic waste and its management by lowering environmental harm. For instance, In January 2021, Unilever partnered with the Alibaba Group and introduced China's first large-scale closed-loop plastic recycling system powered by AI. The machines used for sorting and storing are fitted with AI technology that automatically recognizes various types of plastic bottles. Later these bottles are returned to recycling centers and reused rather than degraded. In December 2020, LyondellBasell, a Netherlands-based chemical company, and Suez, a France-based utility company, acquired Tivaco, for an undisclosed amount. With this acquisition, Tivaco will become a part of Quality Circular Polymers (QCP), an existing plastics recycling joint venture (JV) of LyondellBasell and Suez. The JV aims to boost the recycled material production capacity of LyondellBasell and SUEZ. Tivaco is a Belgium-based plastic recycling company. North America was the largest region in the plastic waste management market share in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global plastic waste management industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the plastic waste management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The plastic waste management market includes revenues earned by entities by providing services such as pyrolysis, bioremediation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The plastic waste management market research report is one of a series of new reports from The Business Research Company that provides plastic waste management market statistics, including plastic waste management industry global market size, regional shares, competitors with a plastic waste management market share, detailed plastic waste management market segments, market trends and opportunities, and any further data you may need to thrive in the plastic waste management industry. This plastic waste management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The recyclable packaging are used for enclosing or protecting products for distribution, storage, sale, and use with recyclable materials such as glass, metal, card, paper, corrugated cardboard, and others. The recyclable packaging products help reduce carbon footprint and have numerous advantages including the conservation of raw resources, the reduction of production energy, and the reduction of greenhouse gas emissions. The recyclable packaging can be reused, recycled, or is biodegradable which allows for easier waste management. The main types of recyclable packaging include paper and cardboard, bubble wrap, void-fill packing, and pouches and envelopes. Carboard refers to heavy-duty thick-sheets of paper, which are used in the manufacturing of boxes and signs. The various types of materials used in recyclable packaging include glass, paper, plastic, tinplate, wood, aluminum, biodegradable plastics, and recycled papers. The industries utilizing recyclable packaging include industries such as healthcare, food and beverage industry, and personal care. The global recyclable packaging market is segmented - 1) By Type Of Packaging: Paper and Cardboard, Bubble Wrap, Void-fill Packing, Pouches and Envelopes 2) By Material type: Glass, Paper, Plastic, Tinplate, Wood, Aluminum, Biodegradable Plastics, Recycled Papers 3) By End Use Industry: Healthcare Industry, Food and Beverage Industry, Personal Care Industry The global recyclable packaging market size grew from $28.33 billion in 2022 to $30.11 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the global recyclable packaging is expected to grow to $36.14 billion in 2027 at a CAGR of 4.7%. Increasing stringent regulations for adopting recycling packaging materials is expected to propel the growth of the recyclable packaging market going forward. The government across the globe are implementing stringent regulations for the adoption of recyclable packaging materials to reduce the landfill of plastics, maintain effective waste management, and generate sustainable business practices. For instance, in January 2022, the Food Safety and Standards Authority of India (FSSAI), proposed the usage of recycled plastic under Section 16 (5) of the Food Safety and Standards Act, 2006. Therefore, increasingly strict rules for adopting recycling packaging materials are expected to boost the demand for recyclable packaging during the forecast period. Major players in the recyclable packaging market report are Amcor PLC., Tetra Laval, Ardagh Group SA, Ball Corporation, Elopak AS, Emerald Packaging, PlastiPak Holdings Inc., Sealed Air Corporation, Uflex Limited, WestRock Company, Be Green Packaging, Crown Holdings, Inc., WestRock, DS Smith plc, DuPont de Nemours, Ranpak Corp, Biopac UK Ltd., American Packaging Corporation, and APP (Asia Pulp & Paper). Eco-friendly packaging has emerged as a key trend in the recyclable packaging market. Eco-friendly packaging is biodegradable recyclable, reusable, non-toxic, and constructed from recycled items. The use of eco-friendly packaging decreases carbon footprint and promotes green living that helps to conserve energy and also prevents air, water, and noise pollution. For instance, in April 2020 P&G (Procter & Gamble), an American multinational consumer goods corporation started opting n eco-friendly packaging. Brands such as Old Spice and Secret sporting started new eco-friendly packaging for their deodorant products. In May 2022, Smurfit Kappa, a UK based corrugated packaging manufacturing company acquired Atlas Packaging for an undisclosed amount. This acquisition further strengthens Smurfit Kappa’s ability to service the UK market and their customers with innovative and sustainable packaging solutions. Atlas Packaging is a UK-based sustainable corrugated packaging manufacturer. Western Europe was the largest region in the recyclable packaging market in 2022. Asia-Pacific is expected to be the fastest-growing region in the recyclable packaging market share during the forecast period. The regions covered in the recyclable packaging market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the recyclable packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The recyclable packaging market consists of sales of biodegradable packaging, corrugated bubble wrap and cornstarch packaging. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The recyclable packaging market research report is one of a series of new reports from The Business Research Company that provides recyclable packaging market statistics, including recyclable packaging industry global market size, regional shares, competitors with a recyclable packaging market share, detailed recyclable packaging market segments, market trends and opportunities, and any further data you may need to thrive in the recyclable packaging industry. This recyclable packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Automotive plastics refers to a polymer used in automotive vehicles to design and produce parts that provide mechanical strength, withstand shear stress, wear metal stress, offer aesthetic appearance, and are utilized in making the automotive body. These plastic components mainly replace the various metal parts in automobiles as they provide similar properties such as stiffness, flame retardancy, and others. The main types of automotive plastics are polypropylene (pp), polyurethane (PU), polyvinylchloride (PVC), polyamide (pa), and acrylonitrile butadiene styrene (abs), high-density polyethylene (HDPE), polycarbonate (pc), and polybutylene terephthalate (PBT). Polypropylene (PP) automotive plastics refer to a thermoplastic polymer that is tough, rigid, and crystalline. The various applications of automotive plastics are interior, exterior, and under the bonnet, which are used in conventional/traditional vehicles, and electric vehicles. The global automotive plastics market is segmented - 1) By Vehicle Type: Conventional/Traditional Vehicles, Electric Vehicles 2) By Product Type: Polypropylene (PP), Polyurethane (PU), Polyvinylchloride (PVC), Polyamide (PA), Acrylonitrile Butadiene Styrene (ABS), High Density Polyethylene (HDPE), Polycarbonate (PC), Polybutylene Terephthalate (PBT) 3) By Application: Interior, Exterior, Under Bonnet The global automotive plastics market size grew from $36.49 billion in 2022 to $40.3 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive plastics market size is expected to grow to $56.02 billion in 2027 at a CAGR of 8.6%. The increase in demand for lightweight and electric vehicles is significantly contributing to the growth of the automotive plastics market. The increase in the use of plastic components in the automotive industry has boosted the advancements in the design of automobiles. It also reduces the consumption of fuel in vehicles, as less weight requires less energy when the vehicle is accelerated. For instance, in April 2022, according to the European Automobile Manufacturers' Association, a Belgium-based automotive industry standards group, 79.1 million automobiles were produced in 2021, a 1.3% rise from 2020 across the globe. Therefore, the increasing demand for lightweight and electric vehicles is driving the growth of the automotive plastics market. Major players in the automotive plastics market are BASF SE, Borealis AG, Covestro AG, DuPont, Evonik Industries, SABIC, Magna International, Inc., Akzo Nobel N.V., Arkema SA, Grupo Antolin-Irausa S.A., LyondellBasell Industries Holdings BV, Momentive Performance Materials Inc., Teijin Limited, The Dow Chemical Company, and Zoltek Companies Inc. Technological advancements are a key trend gaining popularity in the automotive plastics market. Technological advancement is the discovery of knowledge that advances the understanding of technology. For instance, in 2021, Covestro AG launched a new 3D printing material, recycled Polyethylene Terephthalate (rPET), which is used for 3D pellet printing using technology known as fused granulate fabrication (FGF), which helps in the manufacturing of large-sized parts. This technology has applications in the automotive industry for the manufacturing of interior parts. In March 2021, Lear Corp., an automotive technology company, acquired M&N Plastics for an undisclosed amount. This acquisition helps Lear Corp. increase its capabilities to design and produce complex electrical components in various automobiles. M&N Plastics is a specialist manufacturer of various engineered plastic components for the automotive industry. Asia-Pacific was the largest region in the automotive plastics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive plastics market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the automotive plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive plastics market consists of sales of diesel vehicles, polymethyl methacrylate, nylon, Styrofoam, injection moulding, and blow moulding. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive plastics market research report is one of a series of new reports from The Business Research Company that provides automotive plastics market statistics, including automotive plastics industry global market size, regional shares, competitors with an automotive plastics market share, detailed automotive plastics market segments, market trends and opportunities, and any further data you may need to thrive in the automotive plastics industry. This automotive plastics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Medical plastics refer to plastic products specifically used in the healthcare industry. Medical plastics are resistant to temperature, corrosion, and chemicals making them the right fit for use in medical applications. Medical plastics are used for manufacturing and packaging applications in medical products. The main type medical plastics are polyvinyl chloride (PVC), polypropylene (pp), engineering plastics, polyethylene (PE), polystyrene (PS), silicones and others. The polyvinyl chloride (PVC) plastic are economical and versatile thermoplastic polymers widely used in medical devices. The process technology used in medical plastics are extrusion, injection molding, blow molding and others (including rotational molding and compression molding). Medical plastics are used in medical disposables, medical instruments, prosthetics & implants, drugs packaging and others. The global medical plastics market is segmented - 1) By Type: Polyvinyl Chloride (PVC), Polypropylene (PP), Engineering Plastics, Polyethylene (PE), Polystyrene (PS), Silicones, Other Types 2) By Process Technology: Extrusion, Injection Molding, Blow Molding, Other Process Technologies 3) By Application: Medical Disposables, Medical Instruments, Prosthetics & Implants, Drugs Packaging, Other Applications The global medical plastics market size grew from $29.51 billion in 2022 to $31.75 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global medical plastics is expected to grow to $44 billion in 2027 at a CAGR of 8.5%. The advancing medical plastic technology is significantly contributing to the growth of the medical plastics market. In the past few years, advancements in medical plastics technology such as injection molding, insert molding, and others along with ideas and new materials have gained popularity in the healthcare sector. Medical plastics are neutral and do not react with the physical or chemical properties of products packed or when they are implanted in the human body. Also, technique such as 3D printing has gained the popularity in the medical plastics technology. As medical plastic technology advances, there will be a significant increase in the production of medical plastics because of the advantages these advancements provide to manufacturers. For instance, according to the American Hospital Association, employing 3D anatomic models as surgical guides decreased surgery time by 62 minutes, saving $3,720 per case. Also, using 3D-generated anatomical models as guidance decreased the length of complicated surgeries by 1.5 to 2.5 hours. Therefore, the advancing medical plastic technology will propel the growth of the medical plastics market. Major players in the medical plastics market are BASF SE, Celanese Corporation, Solvay, Arkema SA, Eastman Chemical Company, Saint-Gobain Performance Plastics, Dow DuPont, Nolato AB, Mitsubishi Chemical Corporation, Exxon Mobil Corporation, Royal DSM, Spectrum Plastics Group, Emco Industrial Plastics Inc., Arthrex Inc and Danimer Scientific. Elimination single-use plastic is a key trend being followed by the companies operating in the medical plastics market due to risk of environmental harm caused by single-use. Eliminating single-use plastics is helpful to save the environment. Companies are focused on eliminating single-use plastics by introducing products that are made from eco-friendly materials and can be recycled. By launching these products, companies can increase their brand value, gain a competitive edge in the market, and capture additional market share. According to a firm that works to inspire positive change for people and the planet, Trvst Ltd., over 5 million tons of waste is generated by the hospitals each year, in which, around 25% of waste is contributed by plastic. For instance, EnviroPak LLC, a US-based manufacturer offers reusable steam sterilization pouch systems for infection control in healthcare and industries. It offers the FDA-approved EnviroPouch sterilization pouches to reduce the use of single-use plastic in hospitals as an alternative to single-use sterilization pouches. In addition, NewGen Surgical, a US-based medical device company, offers a 100% plant-based clinically designed kit packaging tray which can be recycled with paper. Additionally, it can reduce carbon-dioxide emission by 55% as compared to traditional foam trays and is easily biodegradable. In December 2021, Celanese Corporation, a US-based global technology, and specialty materials company acquired the Santoprene TPV elastomers business of Exxon Mobil Corporation for a total deal value of $1.15 billion. This deal enables Celanese Corporation to expand its portfolio of engineered solutions to their customers with the addition of the Santoprene business. The Santoprene TPV (thermoplastic vulcanizates) business of ExxonMobil is a proven solution for challenging applications in diverse markets such as healthcare, automotive, building and construction, industry, and consumer products. Exxon Mobil Corporation is an a US-based oil and gas company. Asia-Pacific was the largest region in the medical plastics market in 2022. The regions covered in the medical plastics market research report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the medical plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The medical plastics market consists of sales of polycarbonate, acrylonitrile butadiene styrene (ABS), polyethylene terephthalate glycol (PETG), and polymethyl methacrylate. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The medical plastics market research report is one of a series of new reports from The Business Research Company that provides medical plastics market statistics, including medical plastics industry global market size, regional shares, competitors with a medical plastics market share, detailed medical plastics market segments, market trends and opportunities, and any further data you may need to thrive in the medical plastics industry. This medical plastics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.