Latest Market Research Report 2025

  The global   recycled plastics market   was valued at USD 51.70 billion in 2023   and is projected to grow at a   compound annual growth rate (CAGR) of 9.5%   from   2024 to 2030. This growth is largely attributed to the increasing   plastic consumption   in the production of   lightweight components, which are utilized across a wide range of industries, including   building & construction,   automotive,   electrical & electronics, and various other sectors. The demand for these components is expected to continue driving market growth over the forecast period. A notable trend contributing to the expansion of the market is the rise in online purchases of products such as electrical & electronics, personal care products, and personal protective equipment (PPE), including gloves, face masks, and other essential products. These shifts in consumer behavior are creating higher dem...

  Recycled Plastics Industry Overview The global  recycled plastic market  size is anticipated to reach USD 69.2 billion by 2030, according to a new report by Grand View Research, Inc., growing at a CAGR of 4.8% over the forecast period. Increasing environmental concerns, rapid urbanization & industrialization, and the rising need to reduce the carbon footprint in the manufacturing of virgin plastic resin are expected to drive the demand for recycled plastics over the forecast period. The demand for recycled plastics is expected to increase mainly in the packaging application, which includes packaging of processed food & beverages, medical, electronics, and various other products, owing to the growing number of COVID-19 positive cases. Recycled Plastics Market Segmentation Grand View Research has segmented the global recycled plastics market based on product, source, application, and region. Based on the Product Insights , the market is segmented i...