Global Plastic Recycling Market worth US$ 75.9 Billion 2029 with a CAGR of 6.6 %.
The report " Global Plastic Recycling Market, By Material (PET, PP, PVC, and Others), By Recycling Process (Mechanical and Chemical), By Source (Bottles, Films, Foams, and Others), By Application (Packaging, Building and Construction, Automotive, and Other), and Region - Global Forecast to 2029" Global plastic recycling market is projected to grow from US$ 42.6 billion in 2020 to US$ 75.9 billion by 2029. Growing awareness associated with energy saving benefits in the manufacturing of recycled plastics over virgin plastics is major factor driving growth of the global plastic recycling market. In addition, huge demand for plastics across various packaging industries and negative environmental impact of plastic disposal is propelling growth of the global plastic recycling market. Government support to use recycled plastics in developed countries and increasing use of recycled plastic in textile industry can create lucrative opportunity for p...