Asia Pacific Recycled Plastic Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Polyethylene Terephthalate, Polyethylene, Polypropylene, Polystyrene, and Others), Source (Plastic Bottles, Plastic Films, Plastic Foams, Plastic Fibers, and Others), and Application (Packaging, Textile, Automotive, Building and Construction, Electrical and Electronics, and Others)

The Asia Pacific recycled plastic market is expected to grow from US$ 15,941.00 million in 2021 to US$ 31,656.44 million by 2028; it is estimated to grow at a CAGR of 10.4% from 2021 to 2028.

Increasing construction activities in emerging economies are significantly boosting the recycled plastics market. Rising rapid urbanization and increase in global population are driving the demand for recycled plastic in the construction industry. The steady revenue growth can be attributed to the increasing population in countries such as India and China and the rising need for residential and commercial infrastructure and projects. The growing demand for more environment-friendly homes with a lower carbon footprint and open green spaces is augmenting the growth of the recycled plastic market. Further, roofing titles are an essential part of any building and require considerable money for the installation. Recycled plastics are used to build roofing titles, which are less expensive than other construction materials. Investors' rising awareness regarding environmental protection also drives the demand for recycled plastic in construction materials and more ecologically viable home designs. Increasing government expenditure and rising investments to improve domestic infrastructure and sustain the economic growth of recycled plastic in the construction industry, especially in developing countries, are the major factors driving the market.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the recycled plastic market at a notable CAGR during the forecast period.

Asia Pacific Recycled Plastic Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Recycled Plastic Market Segmentation 

The Asia Pacific recycled plastic market is segmented into type, source, application, and country. Based on type, the market is categorized into polyethylene terephthalate, polyethylene, polypropylene, polystyrene, and others. In terms of source, the Asia Pacific recycled plastic market is segmented into plastic bottles, plastic films, plastic foams, plastic fibers, and others. Based on application, the market is divided into packaging, textile, automotive, building and construction, electrical and electronics, and others. In terms of country, the Asia Pacific recycled plastic market is segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific.

Asia Pacific Recycled Plastic Market – Companies Mentioned

Biffa; Remondis SE & Co. Kg; Veolia; Jayplas; Alpek S.A.B. de C.V.; and Plastipak Holdings Inc. are among the major companies operating in the Asia Pacific recycled plastic market.

1. Remondis SE & Co. Kg
2. Veolia
3. Alpek S.A.B. de C.V.
4. Plastipak Holdings Inc.

• · Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific Recycled Plastics Market.
• ·  Highlights key business priorities in order to assist companies to realign their business strategies.
• · The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific Recycled Plastics Market, thereby allowing players across the value chain to develop effective long-term strategies.
• ·  Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• · Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• ·  Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.