Europe Plastic Recycling Market Introduction and Overview
According to SPER Market Research, the Europe Plastic Recycling Market is estimated to reach USD XX Billion by 2033 with a CAGR of 4.8%.
The report includes an in-depth analysis of the Europe Plastic Recycling Market, including market size and trends, product mix, applications, and supplier analysis. Plastic materials that have experienced a transformation process—in which waste plastic is gathered, sorted, cleaned, and turned into new, useable products—are referred to as recycled plastic. The plastic is broken down into tiny pieces, melted, and then reshaped into different forms, such fibres, bottles, and containers. This recycling method lessens the demand for the manufacturing of virgin plastic, keeps plastic trash out of landfills, and conserves natural resources.
- October 2020: Nestle and Plastic Energy collaborated to assess the potential for the UK's first commercial large-scale facility. The recycling process developed by Plastic Energy provides a novel and environmentally friendly supply of premium recycled materials that can be included into Nestle goods.
Market Opportunities and Challenges
Opportunities:
Technological Developments in Plastic Recycling: Technological developments are always viewed as a chance to broaden the market because they will inevitably lead to improved and superior products as well as cost and energy savings, among other benefits. Modern recycling incorporates a variety of cutting edge technologies, including sophisticated sorting systems, mechanical recycling, and chemical recycling. In addition to assisting in overcoming obstacles like contamination and limited recyclability, this will help achieve a more effective and efficient recycling process and even produce higher-quality recycling goods.
Transitioning to a Circular Economy: An economic approach known as the "circular economy" aims to maximise resource utilisation, lessen waste, and encourage sustainability. Planning for waste and pollution is necessary in order to keep resources and objects in use for as long as possible by utilising strategies like recycling, reuse, and repair. The circular economy seeks to disentangle resource consumption from economic growth by encouraging regenerative behaviours, reducing reliance on finite resources, and closing the material flow loop. It aims to create a system where resources are used efficiently, waste is decreased, and the environment is protected in order to reap long-term economic, social, and environmental advantages.
Challenges:
Exorbitant Production Costs for Recycled Plastics: Plastic recycling faces many obstacles, one of which is that recycling plastic is more expensive than producing plastic from virgin ingredients. The difficulties in recycling are related to the intricate process of separating and processing plastic trash, as well as the wide range of plastic types. Geographically distributed garbage generation is one potential cause driving up the cost of producing recovered plastics. Plastic garbage is produced at various locations, which presents a significant difficulty for waste collection. Furthermore, recycling plastics is less financially viable when waste is sourced from remote locations due to the high expenses associated with collection and transportation.
High Installation Cost and Operational Errors: Recycling plastics presents challenges like high costs due to complex sorting processes and geographically dispersed waste generation, reducing economic feasibility.
Market Competitive Landscape
There are a number of major businesses working in the extremely competitive European recycled plastics sector. To improve their market position, these businesses use tactics like alliances, mergers and acquisitions, and product breakthroughs. The major key players in the Europe Plastic Recycling Market are: Alpek S.A.B. de C.V., Borealis AG, Dow, Far Eastern New Century Corporation, Indorama Ventures Public Company Limited, Jayplas, LyondellBasell Industries Holdings B.V., MBA Polymers Inc., PLASTIPAK HOLDINGS, INC., Recycled Plastics UK, Repsol, Veolia, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Source, By Polymer Type, By Industry
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| Regions covered | Germany, France, the U.K., Spain, Italy, Netherlands, Russia, Turkey, Belgium, Switzerland, Rest of Europe
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| Companies Covered | Alpek S.A.B. de C.V., Borealis AG, Dow, Far Eastern New Century Corporation, Indorama Ventures Public Company Limited, Jayplas, Lyondell Basell Industries Holdings B.V., MBA Polymers Inc, PLASTIPAK HOLDINGS INC, Recycled Plastics UK, Repsol, Veolia, Others |
COVID-19 Impact on Europe Plastic Recycling Market
The COVID-19 epidemic affected the European market for recycled plastics in both positive and negative ways. Positively, the epidemic raised consumer awareness of environmental effects of plastic waste and sustainability, which in turn raised demand for recycled plastic-based sustainable products. On the other hand, supply chain interruptions, a decline in production, and unstable economic conditions had a detrimental effect on the recycling sector. The supply of feedstock was hampered by recycling facility closures and a decline in the collecting of plastic waste. Long-term prospects for the European recycled plastics business are positive despite immediate obstacles, thanks to a persistent emphasis on sustainability and the circular economy.
Key Target Audience:
- Environmental Organizations
- Government and Regulatory Authorities
- Manufacturers Using Recycled Plastic
- Packaging Companies
- Plastic Product Manufacturers
- Plastic Recycling Companies
- Retailers and Consumer Goods Companies
- Waste Management Companies
- Others
Our in-depth analysis of the Europe Plastic Recycling Market includes the following segments:
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By Source:
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Bottles
Fibers
Films
Foams
Others
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By Polymer Type:
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High-density Polyethylene (HDPE)
Low-density Polyethylene (LDPE)
Polyethylene Terephthalate (PET)
Polypropylene (PP)
Polystyrene (PS)
Polyurethane (PUR)
Polyvinyl Chloride (PVC)
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By Industry:
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Aerospace and Defence
Automotive
Building & Construction
Electrical and Electronics
Furniture
Packaging
Textile and Clothing
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Key Topics Covered in the Report:
- Europe Plastic Recycling Market Size (FY’2024-FY’2033)
- Overview of Europe Plastic Recycling Market
- Segmentation of Europe Plastic Recycling Market By Source (Bottles, Films, Fibers, Foams, Others)
- Segmentation of Europe Plastic Recycling Market By Polymer Type (Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), Polyurethane (PUR) and Others)
- Segmentation of Europe Plastic Recycling Market By Industry (Packaging, Building and Construction, Automotive, Electrical and Electronics, Furniture, Textile and Clothing, Aerospace and Defence and Others)
- Statistical Snap of Europe Plastic Recycling Market
- Expansion Analysis of Europe Plastic Recycling Market
- Problems and Obstacles in Europe Plastic Recycling Market
- Competitive Landscape in the Europe Plastic Recycling Market
- Impact of COVID-19 and Demonetization on Europe Plastic Recycling Market
- Details on Current Investment in Europe Plastic Recycling Market
- Competitive Analysis of Europe Plastic Recycling Market
- Prominent Players in the Europe Plastic Recycling Market
- SWOT Analysis of Europe Plastic Recycling Market
- Europe Plastic Recycling Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Plastic Recycling Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Plastic Recycling Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Plastic Recycling Market
7. Europe Plastic Recycling Market, By Source (USD Million)
7.1. Europe Plastic Recycling Market Value Share and Forecast, By Source, 2024-2033
7.2. Bottles
7.3. Fibers
7.4. Films
7.5. Foams
7.6. Others
8. Europe Plastic Recycling Market, By Polymer Type (USD Million)
8.1. Europe Plastic Recycling Market Value Share and Forecast, By Polymer Type, 2024-2033
8.2. High-density Polyethylene (HDPE)
8.3. Low-density Polyethylene (LDPE)
8.4. Polyethylene Terephthalate (PET)
8.5. Polypropylene (PP)
8.6. Polystyrene (PS)
8.7. Polyurethane (PUR)
8.8. Polyvinyl Chloride (PVC)
8.9. Others
9. Europe Plastic Recycling Market, By Industry (USD Million)
9.1. Europe Plastic Recycling Market Value Share and Forecast, By Industry, 2024-2033
9.2. Aerospace and Defence
9.3. Automotive
9.4. Building & Construction
9.5. Electrical and Electronics
9.6. Furniture
9.7. Packaging
9.8. Textile and Clothing
9.9. Others
10. Europe Plastic Recycling Market Forecast, 2020-2033 (USD Million)
10.1. Europe Plastic Recycling Market Size and Market Share
11. Europe Plastic Recycling Market, By Source, 2020-2033 (USD Million)
11.1. Europe Plastic Recycling Market Size and Market Share By Source (2020-2026)
11.2. Europe Plastic Recycling Market Size and Market Share By Source (2027-2033)
12. Europe Plastic Recycling Market, By Polymer Type, 2020-2033 (USD Million)
12.1. Europe Plastic Recycling Market Size and Market Share By Polymer Type (2020-2026)
12.2. Europe Plastic Recycling Market Size and Market Share By Polymer Type (2027-2033)
13. Europe Plastic Recycling Market, By Industry, 2020-2033 (USD Million)
13.1. Europe Plastic Recycling Market Size and Market Share By Industry (2020-2026)
13.2. Europe Plastic Recycling Market Size and Market Share By Industry (2027-2033)
14. Europe Plastic Recycling Market, By Region, 2020-2033 (USD Million)
14.1. Europe Plastic Recycling Market Size and Market Share By Region (2020-2026)
14.2. Europe Plastic Recycling Market Size and Market Share By Region (2027-2033)
14.3. Belgium
14.4. France
14.5. Germany
14.6. Italy
14.7. Netherlands
14.8. Russia
14.9. Spain
14.10. Switzerland
14.11. The U.K.
14.12. Turkey
14.13. Rest of Europe
15. Company Profile
15.1. Alpek S.A.B. de C.V.
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Borealis AG
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Dow
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Far Eastern New Century Corporation
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Indorama Ventures Public Company Limited
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Jayplas
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. LyondellBasell Industries Holdings B.V.
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. MBA Polymers Inc.
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. PLASTIPAK HOLDINGS, INC.
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. Recycled Plastics UK
15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary
15.10.4. Recent developments
15.11. Repsol
15.11.1. Company details
15.11.2. Financial outlook
15.11.3. Product summary
15.11.4. Recent developments
15.12. Veolia
15.12.1. Company details
15.12.2. Financial outlook
15.12.3. Product summary
15.12.4. Recent developments
15.13. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope