Plastic Recycling Market expected to Grow at a CAGR of 5.57% by 2030
According to ChemAnalyst report, “ Global Plastic Recycling Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, Type, End-User Industries, Sales Channel, Regional Demand, 2015-2030”, The Plastic Recycling market is anticipated to reach approximately 84.3 million tonnes in 2030 at a CAGR of 5.57%. The Plastic Recycling market is expected to expand in the forecast period owing to its rising applications in key end-use sectors such as Packaging, Building and Construction, Textile, Automotive, Electrical and Electronics, and Others. The rise in urban population, rapid plastic waste generation, and growing concern about environmental pollution have shifted the focus more on plastic recycling rather than burning it. By plastic recycling, the plastic waste in the environment can be employed as raw material that can be utilized to create plastic and other useful products. Chemical methods are being developed which could transform ...