Americas Recycled Plastics Market Global Industry Forecasts Analysis, Company Profiles, Competitive Landscape and Key Regions Analysis Available at Fortune Business Insights

Posted on Jan 22 2021 8:12 AM

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The global ''americas size'' market is projected to reach USD 6,330.0 million by 2027, exhibiting a CAGR of 7.2% during the forecast period. High plastic waste generation in the United States and Brazil will be the central factor fueling this market in the coming years, states Fortune Business Insights™ in its report, titled “Americas Recycled Plastics Market Size, Share & COVID-19 Impact Analysis, By Type (Polyethylene Terephthalate, High-Density Polyethylene, Polypropylene, Low-Density Polyethylene, and Others), Application (Packaging [Non-Food Packaging and Food Packaging], Construction, Automotive, and Others), and Country Forecast, 2020-2027”. According to the International Solid Waste Association (ISWA), the US releases approximately 88-242 million pounds of plastic per year. Moreover, the annual International Coastal Cleanup found 3.7 million tons of trash on the US coasts in 2017, majority of which was plastic. Brazil, on the other hand, generates over 11 million tons of plastic every year, but recycles only 1.28% of it, as per the findings of a World Wide Fund (WWF) report published in 2019. More than 7 million tons of plastic waste in Brazil goes in landfills, the report further notes. With two of the largest economies of the Americas producing massive amounts of plastic waste every year, the opportunities for companies in plastic recycling are extensive, boding well for the Americas recycled plastics market growth.

List of the Leading Companies Operating in the Americas Recycled Plastics Market are:

  • Biocirculo (Colombia)
  • Veolia (France)
  • Avangard Innovative (United States)
  • Ultra Poly Corporation (United States)
  • Fresh Pak Corporation (United States)
  • Suez Group (France)
  • Custom Polymers, Inc. (United States)
  • UltrePET LLC (United States)
  • Delta Plastics (United States)
  • Clear Path Recycling, LLC (United States)
  • Green Line Polymers (United States)
  • B. Schöenberg & Co. (United States)
  • Plastipak Holdings (United States)

Global COVID-19 Impact Analysis:

The exponential spread of COVID-19 has brought the world to its knees. Industrial growth has stalled, which has directly affected businesses of all sizes. Governments are making frantic efforts to salvage the situation, but uncertainty still looms large over the business world. However, humans have boundless resilience and this crisis too shall pass. At Fortune Business Insights™, we are continuously working to provide businesses with comprehensive market intelligence to help them steer themselves out of these hard times. Our expert research is dedicated to equip your business with the necessary tools to emerge victorious once this crisis abates.

The report states that the global market value stood at USD 3,834.8 million in 2019 and provides the following information:

  • In-depth examination of the factors driving and restraining the market;
  • Detailed insights into the different market segments;
  • Exhaustive analysis of the regional prospects influencing the market; and
  • Comprehensive evaluation of the key market players and their strategies.

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Study Period: 2016-2027
Base Year:  2019
Forecast Period: 2020-2027
Historical Period: 2016-2018

Market Driver

Development of Innovative Recycling Technologies to Boost Market Growth

Plastic recycling is a time-consuming, resource-heavy process. However, extensive research into plastic recycling in Americas, especially in the US and Canada, is showing potential in making this process more economically viable and convenient. For instance, Cornell University in the US has a developed a technique which involves adding a layer of tetra-block copolymer between laminated sheets of polypropylene and polyethylene, creating a tough plastic that will be easier to recycle. Another notable innovation was achieved in 2017, when two Denver-based companies, Alpine Waste & Recycling and AMP Robotics, developed “Clarke”, a robot powered by Artificial Intelligence (AI). Clarke is embedded with algorithms that enable it to identify packaging details of products and isolate them for recycling. The companies hope that the robot will reduce the plastic waste going into landfills in the US. The Americas recycled plastics market stands to gain from such technological advancements.

Americas Recycled Plastics Market Focus on:

  • Extensive product offerings
  • Customer research services
  • Robust research methodology
  • Comprehensive reports
  • Latest technological developments
  • Value chain analysis
  • Potential Market opportunities
  • Growth dynamics
  • Quality assurance
  • Post-sales support
  • Regular report updates

Reasons to Purchase this Report:

  • Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
  • Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
  • Identifies market restraints and boosters.
  • Identifies all the possible segments present in the market to aid organizations in strategic business planning. 

Segmentation:

By Type

  • Polyethylene Terephthalate
  • High-Density Polyethylene
  • Polypropylene
  • Low-Density Polyethylene
  • Others

By Application

  • Packaging
    • Non-Food Packaging
    • Food Packaging
  • Construction
  • Automotive
  • Others

By Geography

  • U.S.
  • Canada
  • Brazil
  • Colombia
  • Chile
  • Peru
  • Rest of Americas

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Regional Insights

Massive Demand for Packaged Goods to Propel the Market in the US

The US recycled plastics market size stood at USD 1,862.2 million in 2019 backed by a robust demand for packaged goods in the country. Furthermore, companies such as Coca-Cola and Pepsi are extensively utilizing recycled PET for packaging their staple beverages, which is augmenting the demand for recycled plastics in the country. In Canada, the federal government is aggressively pushing its agenda to eliminate single-use plastic products by 2021, thereby fueling the adoption of recycled plastic materials across the country.

Similar to Canada’s goals regarding single-use plastics, Latin American countries such as Colombia and Chile are steadily lowering their dependence on single-use plastics. Chile, in fact, is the first Latin American country to sign the Plastics Pact, which is an initiative to reduce plastic pollution around the world. These measures are allowing countries in the region to fasten their hold on the Americas recycled plastics market share.

Competitive Landscape

Long-Term Partnerships by Key Players to Fire up Competition

Key companies in this market are entering into collaborations with diverse entities to expand their operational horizons and widen their offerings to end-users. In the process, these participants are cementing their place in this niche market and enhancing its potential.

Key Questions Answered:

  • Why Choose Fortune Business Insights?
  • What are the key demands and trends shaping the market?
  • What are the key opportunities in the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?
  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?
  • What Factors are estimated to drive and restrain the market growth?

Industry Developments:

  • October 2019: Top Terra and Biocírculo partnered in order to produce bottles from 100% recycled raw material for their liquid detergent brand. The initiative seeks to avoid unnecessary production of more raw materials, reduce environmental impact, and offer users a sustainable option.
  • September 2019 – Avangard Innovative disclosed its plans to build three US$ 30 million facilities to recover and pelletize plastic film in 2020. The plants will be located at Houston, Nevada, and Mexico, with each having capacities of around 45.4 KT per annum. The company currently operates a recycling plant in Houston, handling 21.8 KT of LDPE films per year.

Browse Summary of this Research Report with Detailed Table of Content: 

https://www.fortunebusinessinsights.com/americas-recycled-plastics-market-10336

Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Emerging Trends – For Major Countries
    • Key Developments: Acquisition, Partnership, Expansion etc.
    • Plastic Recycling Process
    • Insights on Regulatory Scenario
    • Porters Five Forces Analysis
  • Americas Recycled Plastics Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • AmericasMarket Size Estimates and Forecast – By Type (Value & Volume)
      • Polyethylene Terephthalate (PET)
      • High-Density Polyethylene (HDPE)
      • Polypropylene (PP)
      • Low-Density Polyethylene (LDPE)
      • Others
    • Americas Market Size Estimates and Forecast – By Application (Value & Volume)
      • Packaging
        • Non-Food Packaging
        • Packaging
      • Construction
      • Automotive
      • Others
    • Americas Market Size Estimates and Forecast - By Country (Value & Volume)
      • U.S.
        • By Type
          • Polyethylene Terephthalate (PET)
          •  High-Density Polyethylene (HDPE)
          •  Polypropylene (PP)
          •  Low-Density Polyethylene (LDPE)
          •  Others
        • By Application
          • Packaging
            • Non-Food Packaging
            • Packaging
          •  Construction
          •  Automotive
          •  Others
      • Canada
        • By Type
          • Polyethylene Terephthalate (PET)
          •  High-Density Polyethylene (HDPE)
          •  Polypropylene (PP)
          •  Low-Density Polyethylene (LDPE)
          •  Others
        • By Application
          • Packaging
            • Non-Food Packaging
            • Packaging
          •  Construction
          •  Automotive
          •  Others
      • Brazil
        • By Type
          • Polyethylene Terephthalate (PET)
          •  High-Density Polyethylene (HDPE)
          •  Polypropylene (PP)
          •  Low-Density Polyethylene (LDPE)
          •  Others
        • By Application
          • Packaging
            • Non-Food Packaging
            • Packaging
          •  Construction
          •  Automotive
          •  Others
      • Colombia
        • By Type
          • Polyethylene Terephthalate (PET)
          •  High-Density Polyethylene (HDPE)
          •  Polypropylene (PP)
          •  Low-Density Polyethylene (LDPE)
          •  Others
        • By Application
          • Packaging
            • Non-Food Packaging
            • Packaging
          •  Construction
          •  Automotive
          •  Others
      • Chile
        • By Type
          • Polyethylene Terephthalate (PET)
          •  High-Density Polyethylene (HDPE)
          •  Polypropylene (PP)
          •  Low-Density Polyethylene (LDPE)
          •  Others
        • By Application
          • Packaging
            • Non-Food Packaging
            • Packaging
          •  Construction
          •  Automotive
          •  Others
      • Peru
        • By Type
          • Polyethylene Terephthalate (PET)
          •  High-Density Polyethylene (HDPE)
          •  Polypropylene (PP)
          •  Low-Density Polyethylene (LDPE)
          •  Others
        • By Application
          • Packaging
            • Non-Food Packaging
            • Packaging
          •  Construction
          •  Automotive
          •  Others
      • Rest of Americas
        • By Type
          • Polyethylene Terephthalate (PET)
          •  High-Density Polyethylene (HDPE)
          •  Polypropylene (PP)
          •  Low-Density Polyethylene (LDPE)
          •  Others
        • By Application
          • Packaging
            • Non-Food Packaging
            • Packaging
          • Construction
          • Automotive
          •  Others

TOC Continued…!!!



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