Increasing concerns regarding the disposal of virgin plastics and growing use of these plastics in several regions are driving the market demand.

The global R-PE (Recycled- Polyethylene) market is forecast to reach USD 23.91 Billion by 2028, according to a new report by Reports and Data. Recycling of plastic is defined as a collection of waste plastic scraps that can be recyclable, processing it with different technologies, and then treating it with additives and chemicals to produce a newer plastic. The enhanced quality of recycled plastic products over their virgin counterparts and strict government regulations are the primary drivers of the recycled polyethylene market.

The amount of polyethylene used in plastic bags has lowered by 70% in the last two decades owing to the emergence of biodegradable materials and reusable canvas bags, but the majority of the bags are still produced from polyethylene. Moreover, there is a growing market for high-density polyethylene containers in India and China due to increased standards of living, and higher demand for HDPE cables and pipes due to rapidly growing industries. It is non-biodegradable in nature and often takes centuries to decompose, so it is imperative that these containers and bags are recycled and used repetitively.

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The report puts an emphasis on the information regarding the key players with a special focus on their company profile, business overview, recent advancements, product catalog, and strategic business plans. It provides a comprehensive overview of the strategic alliances in the market under taken by the key players such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches, brand promotions, and corporate deals, among others.

Key companies operating in the market and profiled in the report include:

Suez, Jayplas, B&B Plastics, Green Line Polymers, Veolia, KW Plastics, Plastipak Holdings, Clear Path Recycling, Custom Polymers, and B. Schoenberg & Co., among others.

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The R-PE (Recycled-Polyethylene) market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa to offer key insights into market growth, market size, market share, revenue growth, current and emerging trends, supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.

Segments Covered in the report

Material Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)

  • High-density Polyethylene
  • Medium-density Polyethylene
  • Low-density Polyethylene
  • Others

Method Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)

  • Chemical Recycling
  • Biological Recycling
  • Mechanical Recycling

Source Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)

  • Bottles
  • Films
  • Foams
  • Fibers
  • Others

End-User Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)

  • Packaging
  • Automotive
  • Textiles
  • Constructions
  • Electrical and Electronics

Key Regions Analyzed in the Report include:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • Italy
    • France
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Rest of MEA

Furthermore, it consists information about individual segment of the R-PE (Recycled-Polyethylene) market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values for each segment to provide clear understanding of demand and trend in the global market.

Further key findings from the report suggest

  • High-density Polyethylene (HDPE) is accepted in most of the recycling centers in the world, as it is one of the easiest plastic polymers to recycle. Recycling HDPE has many benefits, such as it is more cost-efficient to produce a product from recycled HDPE than it is to manufacture from ‘virgin’ plastic. Recycled HDPE can be used to manufacture many products, such as rope, toys piping, and trash cans, among others.
  • Bottles will be the leading source of plastic for recycling throughout the forecast period. The well-established collection infrastructure system, including laws to deposit bottles in several states, makes it one of the most commonly recycled plastic products.
  • Chemical or feedstock recycling involves converting waste plastic into monomer starting materials or other raw materials by changing the chemical structure of the polymer. This can be achieved by cracking, gasification, or depolymerization processes but excludes energy recovery or incineration.
  • Packaging is used extensively across various industries, including food and beverages, agrochemicals, pharmaceutical, household chemicals, cosmetics, and sports, among others. Recycling can help reduce the waste produced due to packaging materials. Due to the rise in plastic waste caused by packaging, market players are focusing on biodegradable and recyclable packaging material.
  • APAC is the largest producer of polyethylene and is also a prominent region for recycled polyethylene. Countries such as China, India, Indonesia, and Japan are the key contributors in the region.

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