Recycled Plastic Powder Trends and Forecast
The future of the global recycled plastic powder market looks promising with opportunities in the compression molding, powder coating, and 3D printing markets. The global recycled plastic powder market is expected to grow with a CAGR of 4.7% from 2024 to 2030. The major drivers for this market are increasing awareness of environmental sustainability and the need for eco-friendly building materials, rapid growth of 3D printing technology, as well as, growing demand for sustainable packaging solutions.
• Lucintel forecasts that polytetrafluoroethylene powder is expected to witness the highest growth over the forecast period.
• Within this market, compression molding will remain the largest segment.
• APAC is expected to witness highest growth over the forecast period.
United States: With a surge in eco-conscious consumerism, major companies like Coca-Cola and PepsiCo pledge to increase the use of recycled plastic in their packaging by 50% by 2030. Government incentives also drive investments in recycling infrastructure, aiming to reduce plastic waste by 25% by 2025.
Germany: Leading recycling firm, ALBA Group, announces plans to double its production capacity of recycled plastic powder by 2025, aligning with the governmentÄX%$%Xs ambitious target of achieving 100% recycling of plastic packaging by 2022. Collaborations with manufacturers like BMW and Henkel propel these efforts.
Japan: As part of its Sustainable Plastics Vision 2030, Japanese conglomerate Mitsubishi Chemical Corporation unveils initiatives to innovate plastic recycling technologies, aiming to achieve a 40% reduction in virgin plastic usage by 2030. Government grants and tax incentives support these endeavors, fostering a circular economy approach.
Netherlands: Dutch multinational, Philips, commits to using 100% recycled plastics in all its products by 2025, backed by investments in advanced recycling technologies. Government policies incentivize businesses to adopt circular practices, with targets set to recycle 70% of plastic packaging by 2030, driving market growth for recycled plastic powder.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Recycled Plastic Powder by Segment
The study includes a forecast for the global recycled plastic powder by type, application, and region.
Recycled Plastic Powder Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Polytetrafluoroethylene Powder
• Polypropylene Powder
• Others
Recycled Plastic Powder Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Compression Molding
• Powder Coating
• 3D Printing
• Others
Recycled Plastic Powder Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Recycled Plastic Powder 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 recycled plastic powder companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the recycled plastic powder companies profiled in this report include-
• Polyclean Technologies
• Micropolymers
• PVC Enterprise
• Composition Materials
• Axion Polymers
Recent Development in the Recycled Plastic Powder Market
PlastiCo Inc.: Launch of EcoBlend™ Recycled Plastic Powder
PlastiCo Inc., a leading player in the recycled plastics industry, unveiled EcoBlend™, a new line of recycled plastic powder. This innovative product combines post-consumer and post-industrial plastics to create a versatile material suitable for various applications, including packaging and automotive components.
GreenTech Solutions: Partnership with Local Governments for Plastic Waste Management
GreenTech Solutions, a sustainability-focused company, announced strategic partnerships with several local governments to streamline plastic waste management processes. Through these collaborations, GreenTech aims to increase the collection and recycling of plastic waste, ultimately reducing environmental impact.
EcoPolymer Industries: Introduction of Advanced Sorting Technology
EcoPolymer Industries introduced a state-of-the-art sorting technology designed to improve the efficiency and accuracy of plastic recycling processes. This innovative solution utilizes AI algorithms and machine learning to identify and separate different types of plastic materials, enhancing the quality of recycled plastic powder.
ReNu Plastics: Expansion of Production Capacity
ReNu Plastics, a key player in the recycled plastics market, announced plans to expand its production capacity to meet growing demand. The company will invest in new manufacturing facilities and equipment to scale up production of recycled plastic powder, addressing the increasing need for sustainable materials.
EnviroTech Solutions: Collaboration with Research Institutions for Material Innovation
EnviroTech Solutions partnered with leading research institutions to drive innovation in recycled plastic materials. By leveraging cutting-edge research and development capabilities, the company aims to develop new formulations of recycled plastic powder with enhanced performance characteristics, opening up opportunities in diverse industries.
Features of the Global Recycled Plastic Powder Market
Market Size Estimates: Recycled plastic powder 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: Recycled plastic powder market size by type, application, and region in terms of value ($B).
Regional Analysis: Recycled plastic powder 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 recycled plastic powder market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the recycled plastic powder market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for recycled plastic powder market?
Answer: The global recycled plastic powder market is expected to grow with a CAGR of 4.7% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the recycled plastic powder market?
Answer: The major drivers for this market are increasing awareness of environmental sustainability and the need for eco-friendly building materials, rapid growth of 3D printing technology, as well as, growing demand for sustainable packaging solutions.
Q3. What are the major segments for recycled plastic powder market?
Answer: The future of the global recycled plastic powder market looks promising with opportunities in the compression molding, powder coating, and 3D printing markets.
Q4. Who are the key recycled plastic powder market companies?
Answer: Some of the key recycled plastic powder companies are as follows:
• Polyclean Technologies
• Micropolymers
• PVC Enterprise
• Composition Materials
• Axion Polymers
Q5. Which recycled plastic powder market segment will be the largest in future?
Answer: Lucintel forecasts that polytetrafluoroethylene powder is expected to witness the highest growth over the forecast period.
Q6. In recycled plastic powder 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 recycled plastic powder market by type (polytetrafluoroethylene powder, polypropylene powder, and others), application (compression molding, powder coating, 3D printing, 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?
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