Europe Recycled Thermoplastics Market Introduction and Overview
According to SPER Market Research, the Europe Recycled Thermoplastics Market is estimated to reach USD 20907.46 million by 2033 with a CAGR of 9.91%.
The report includes an in-depth analysis of the Europe Recycled Thermoplastics Market, including market size and trends, product mix, Applications, and supplier analysis. Recycled thermoplastics are a class of polymer materials that are created by reprocessing and recycling plastic waste. Unlike standard plastics, which are made from nonrenewable fossil fuels, recycled thermoplastics provide a more environmentally responsible option by reusing waste materials. Advanced recycling procedures convert post-consumer and post-industrial plastic waste into high-quality thermoplastic resins for application in a variety of industries, including automotive, packaging, construction, and consumer goods.
- KRAIBURG introduced a new range of thermoplastic elastomer (TPE) products in February 2024 that contain at least 73% recycled resources.
- Polyplastics Group, a leading global provider of engineering thermoplastics, launched the DURACIRCLE program in March 2023 to recycle engineering plastics. In order to help achieve a 100% recycling rate for engineering plastics, this program offers a variety of sustainable alternatives to the present plastics production and sales business model.
Market Opportunities and Challenges
Opportunities: The market for recycled thermoplastics is a fascinating one, particularly as the sector increasingly considers its effects on the environment. Recycled thermoplastics are becoming a more attractive alternative to virgin plastics due to growing consumer and business concerns about environmental effects. Additionally, improvements in recycling methods have led to improved quality and variety of recycled thermoplastics, which provide virgin materials with competitive hurdles in their respective applications. Thus, the trend of "go green" is gaining popularity because it not only encourages a sustainable environment but also creates a market with significant growth potential. A flexible and environmentally responsible alternative to conventional plastics are thermoplastics.
Challenges: The prognosis for the recycled thermoplastics market may be hampered by growing worries about the poor quality of recycled plastics used in food packaging and the resulting danger of contamination. Although the use of recycled materials in food packaging has become increasingly popular, compliance with specific environmental and health regulations is required. Recycled thermoplastic must be properly treated to guarantee food safety because it is made from plastic waste. The growth of the food industry may be constrained by the rising incidence of foodborne illnesses and the growing number of product recalls brought on by microbial contamination.
Market Competitive Landscape
The competitive landscape section provides a complete overview of the top competitors in the recycled thermoplastic market. It provides an overview of the companies' profiles, product portfolios, market share, and strategic initiatives. The analysis assists industry participants in understanding their competitive environment, identifying possible collaborations, and gaining a competitive advantage in the market. Key market players are B & B Plastics, United Plastic Recycling, RJM International, Plastipak Holdings, Parc Corporation, Fresh Pak, Envision Plastics, Custom Polymers, Inc, B. Schoenberg, KW Plastics.
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 Form, By Technology, By Product, By Application.
|
| Regions covered | Germany, United Kingdom, Italy, Spain, France, Russia, Rest of Europe. |
| Companies Covered | B & B Plastics, United Plastic Recycling, RJM International, Plastipak Holdings, Parc Corporation, Fresh Pak, Envision Plastics, Custom Polymers, Inc, B. Schoenberg, KW Plastics. |
COVID-19 Impact on Europe Recycled Thermoplastics Market
The COVID-19 epidemic had a major effect on the recycled thermoplastic industry due to the sudden drop in demand across several end-user sectors caused by the temporary closure of production facilities. The need for thermoplastics in the automotive, aerospace, and construction sectors significantly decreased. During the pandemic, however, the need for novel thermoplastic polyethylene gloves made with TPEs increased dramatically in order to satisfy the demands of medical and food handling applications. With the increased emphasis on preventing contamination and the spread of infectious illnesses, many food and healthcare organizations increased their usage of disposable gloves to ensure optimum safety.
By Form Insights
The flakes segment accounted for the largest share of the recycled thermoplastics market in 2023. Plastic waste must be cleansed before being shredded into pellets, which are then processed into flakes that can be utilized to make other products. Flakes are widely used and employed in a variety of products, including plastic bottles and containers, linens, and fabrics. Flake-form recycled thermoplastics are relatively inexpensive and competitive in large-scale recycling operations.
Key Target Audience:
- Recycled Thermoplastics Manufacturers
- Raw Material Suppliers
- Plastic Recycling Companies
- Packaging Industry Players
- Automotive Industry Companies
- Construction and Building Material Producers
- Consumer Goods Manufacturers
- Electrical and Electronics Industry Players
- Textile and Fiber Producers
- Retail and Wholesale Distributors
- Regulatory Bodies and Environmental Agencies
- Sustainability Consultants
- Research and Development Organizations
- Academic Institutions
Our in-depth analysis of the Europe Recycled Thermoplastics Market includes the following segments:
| By Form: | FlakesPelletsGranules |
| By Technology: | ExtrusionInjection MoldingBlow MoldingOthers |
| By Product: | PolyethylenePolyethylene TerephthalatePolypropylenePolystyrenePolyvinyl ChlorideOthers |
| By Application: | PackagingAutomotiveConsumer GoodsMedicalBuilding & ConstructionElectrical & ElectronicsOthers |
Key Topics Covered in the Report:
- Europe Recycled Thermoplastics Market Size (FY’2024-FY’2033)
- Overview of Europe Recycled Thermoplastics Market
- Segmentation of Europe Recycled Thermoplastics Market By Form (Flakes, Pellets, Granules)
- Segmentation of Europe Recycled Thermoplastics Market By Technology (Extrusion, Injection Molding, Blow Molding, Others)
- Segmentation of Europe Recycled Thermoplastics Market By Product (Polyethylene, Polyethylene Terephthalate, Polypropylene, Polystyrene, Polyvinyl Chloride, Others)
- Segmentation of Europe Recycled Thermoplastics Market By Application (Packaging, Automotive, Consumer Goods, Medical, Building & Construction, Electrical & Electronics, Others)
- Statistical Snap of Europe Recycled Thermoplastics Market
- Expansion Analysis of Europe Recycled Thermoplastics Market
- Problems and Obstacles in Europe Recycled Thermoplastics Market
- Competitive Landscape in the Europe Recycled Thermoplastics Market
- Impact of COVID-19 and Demonetization on Europe Recycled Thermoplastics Market
- Details on Current Investment in Europe Recycled Thermoplastics Market
- Competitive Analysis of Europe Recycled Thermoplastics Market
- Prominent Players in the Europe Recycled Thermoplastics Market
- SWOT Analysis of Europe Recycled Thermoplastics Market
- Europe Recycled Thermoplastics 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. SPERs internal database
2.1.4. Premium insight from KOLs
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 Recycled Thermoplastics 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. PORTERs 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 Recycled Thermoplastics Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Recycled Thermoplastics Market
7. Europe Recycled Thermoplastics Market, By Form (USD Million) 2020-2033
7.1. Europe Recycled Thermoplastics Market Size, Share and Forecast, By Form, 2020-2026
7.2. Europe Recycled Thermoplastics Market Size, Share and Forecast, By Form, 2027-2033
7.3. Flakes
7.4. Pellets
7.5. Granules
8. Europe Recycled Thermoplastics Market, By Technology (USD Million) 2020-2033
8.1. Europe Recycled Thermoplastics Market Size, Share and Forecast, By Technology, 2020-2026
8.2. Europe Recycled Thermoplastics Market Size, Share and Forecast, By Technology, 2027-2033
8.3. Extrusion
8.4. Injection Molding
8.5. Blow Molding
8.6. Others
9. Europe Recycled Thermoplastics Market, By Product (USD Million) 2020-2033
9.1. Europe Recycled Thermoplastics Market Size, Share and Forecast, By Product, 2020-2026
9.2. Europe Recycled Thermoplastics Market Size, Share and Forecast, By Product, 2027-2033
9.3. Polyethylene
9.4. Polyethylene Terephthalate
9.5. Polypropylene
9.6. Polystyrene
9.7. Polyvinyl Chloride
9.8. Others
10. Europe Recycled Thermoplastics Market, By Application (USD Million) 2020-2033
10.1. Europe Recycled Thermoplastics Market Size, Share and Forecast, By Application, 2020-2026
10.2. Europe Recycled Thermoplastics Market Size, Share and Forecast, By Application, 2027-2033
10.3. Packaging
10.4. Automotive
10.5. Consumer Goods
10.6. Medical
10.7. Building & Construction
10.8. Electrical & Electronics
10.9. Others
11. Europe Recycled Thermoplastics Market Forecast, 2020-2033 (USD Million)
11.1. Europe Recycled Thermoplastics Market Size and Market Share
12. Europe Recycled Thermoplastics Market, By Region, 2020-2033 (USD Million)
12.1. Europe Recycled Thermoplastics Market Size and Market Share By Region (2020-2026)
12.2. Europe Recycled Thermoplastics Market Size and Market Share By Region (2027-2033)
12.3. Germany
12.4. United Kingdom
12.5. Italy
12.6. Spain
12.7. France
12.8. Russia
12.9. Rest of Europe
13. Company Profile
13.1. B & B Plastics
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. United Plastic Recycling
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. RJM International
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Plastipak Holdings
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Parc Corporation
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Fresh Pak
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Envision Plastics
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Custom Polymers, Inc
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. B. Schoenberg
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. KW Plastics
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
