Foam Sourced Recycled Plastic Trends and Forecast
The future of the global foam sourced recycled plastic market looks promising with opportunities in the packaging, building & construction, textile, automotive, and electrical & electronic, building & construction, textile, automotive, and electrical & electronic markets. The global foam sourced recycled plastic market is expected to grow with a CAGR of 8.7% from 2024 to 2030. The major drivers for this market are increasing awareness about the environmental impact of plastic pollution, governments and regulatory bodies worldwide are implementing stricter regulations to curb plastic pollution and promote recycling initiatives, as well as, advances in recycling technologies.
• Lucintel forecasts that polyethylene terephthalate (PET) is expected to witness the highest growth over the forecast period.
• Within this market, packaging is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Recent initiatives include major beverage companies setting ambitious targets for incorporating recycled plastic in their packaging. Government policies aim to incentivize recycling infrastructure development.
Germany: Leading automotive manufacturers have announced partnerships to utilize recycled plastic in vehicle interiors. Government schemes encourage innovation in sustainable materials.
China: E-commerce giants have pledged to reduce single-use plastic packaging, promoting alternatives like foam sourced recycled plastic. Government regulations mandate increased use of recycled materials in packaging to curb pollution.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Foam Sourced Recycled Plastic by Segment
The study includes a forecast for the global foam sourced recycled plastic by type, application, and region.
Foam Sourced Recycled Plastic Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Polyethylene Terephthalate (PET)
• Polyethylene (PE)
• Polypropylene (PP)
• Polyvinyl Chloride (PVC)
• Polystyrene (PS)
• Others
Foam Sourced Recycled Plastic Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Packaging
• Construction
• Textiles
• Automotive
• Electrical & Electronics
• Others
Foam Sourced Recycled Plastic Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Foam Sourced Recycled Plastic Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies foam sourced recycled plastic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the foam sourced recycled plastic companies profiled in this report include-
• Veolia
• Suez
• KW Plastics
• Jayplas
• B. Schoenberg & Co
• B&B Plastics
• Green Line Polymers
• Clear Path Recycling
• Custom Polymers
• Plastipak Holdings
Recent Development in the Foam Sourced Recycled Plastic Market
Dow Chemical Company: Introduced a breakthrough technology to enhance the recycling of foam-sourced plastic, significantly reducing waste in the production process.
BASF SE: Implemented a comprehensive sustainability program aimed at increasing the use of recycled plastic sourced from foam materials in their product lines, aligning with their commitment to a circular economy.
Procter & Gamble: Launched a partnership with various foam recycling facilities worldwide to explore innovative methods for repurposing foam-derived plastics, aiming to reduce their environmental footprint.
Covestro AG: Announced a major investment in research and development to advance the utilization of recycled foam plastics in their manufacturing processes, fostering a more sustainable supply chain.
SABIC: Rolled out a series of initiatives focusing on the development of high-quality recycled plastic materials sourced from foam waste, catering to the growing demand for eco-friendly solutions in various industries.
Features of the Global Foam Sourced Recycled Plastic Market
Market Size Estimates: Foam sourced recycled plastic market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Foam sourced recycled plastic market size by type, application, and region in terms of value ($B).
Regional Analysis: Foam sourced recycled plastic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the foam sourced recycled plastic market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the foam sourced recycled plastic market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for foam sourced recycled plastic market?
Answer: The global foam sourced recycled plastic market is expected to grow with a CAGR of 8.7% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the foam sourced recycled plastic market?
Answer: The major drivers for this market are increasing awareness about the environmental impact of plastic pollution, governments and regulatory bodies worldwide are implementing stricter regulations to curb plastic pollution and promote recycling initiatives, as well as, advances in recycling technologies.
Q3. What are the major segments for foam sourced recycled plastic market?
Answer: The future of the global foam sourced recycled plastic market looks promising with opportunities in the packaging, building & construction, textile, automotive, and electrical & electronic, building & construction, textile, automotive, and electrical & electronic markets.
Q4. Who are the key foam sourced recycled plastic market companies?
Answer: Some of the key foam sourced recycled plastic companies are as follows:
• Veolia
• Suez
• KW Plastics
• Jayplas
• B. Schoenberg & Co
• B&B Plastics
• Green Line Polymers
• Clear Path Recycling
• Custom Polymers
• Plastipak Holdings
Q5. Which foam sourced recycled plastic market segment will be the largest in future?
Answer: Lucintel forecasts that polyethylene terephthalate (PET) is expected to witness the highest growth over the forecast period.
Q6. In foam sourced recycled plastic market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the foam sourced recycled plastic market by type (polyethylene terephthalate (PET), polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polystyrene (PS), and others), application (packaging, construction, textiles, automotive, electrical & electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Foam Sourced Recycled Plastic Market, Foam Sourced Recycled Plastic Market Size, Foam Sourced Recycled Plastic Market Growth, Foam Sourced Recycled Plastic Market Analysis, Foam Sourced Recycled Plastic Market Report, Foam Sourced Recycled Plastic Market Share, Foam Sourced Recycled Plastic Market Trends, Foam Sourced Recycled Plastic Market Forecast, Foam Sourced Recycled Plastic Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.