South and Central America Recycled Plastic Market
No. of Pages: 119 | Report Code: BMIRE00025547 | Category: Chemicals and Materials
No. of Pages: 119 | Report Code: BMIRE00025547 | Category: Chemicals and Materials
Increasing packaging, automotive and electrical and electronics sector is a major driver of recycled plastics. The automotive sector is witnessing tremendous growth due to increasing passenger car sales and new vehicle production in emerging economies, which is driving the market growth. Automotive companies use recycled plastics in auto parts such as dashboards and gearboxes. The main reason for using recycled plastic in automotive is, that the components manufactured using recycled plastics are light weight and a lighter car consumes less fuel, which also translates into less exhaust emissions. In addition, plastic parts are not prone to corrosion and offer flexibility and safety compared to other plastic. Recycling another plastic for food packaging is difficult when compared to polyethylene terephthalate, which results in an inadequate supply of food-grade recycled plastics. The current situation of inadequate supply of food grade recycled plastic is encouraging investment in market, supporting the recycled plastic growth in packaging industry.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the recycled plastic market at a notable CAGR during the forecast period.
The South & Central America recycled plastic market is segmented into type, source, application, and country. Based on type, the market is categorized into polyethylene terephthalate, polyethylene, polypropylene, polystyrene, and others. In terms of source, the South & Central America recycled plastic market is segmented into plastic bottles, plastic films, plastic foams, plastic fibers, and others. Based on application, the market is segmented into packaging, textile, automotive, building and construction, electrical and electronics, and others. In terms of country, the South & Central America recycled plastic market is segmented into Brazil, Argentina, and the Rest of South & Central America.
Remondis SE & Co. Kg, Veolia, Alpek S.A.B. de C.V., and Plastipak Holdings Inc. are among the major companies operating in the South & Central America recycled plastic market.
Strategic insights for the South and Central America Recycled Plastic provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 2,529.34 Million |
| Market Size by 2028 | US$ 4,001.37 Million |
| Global CAGR (2021 - 2028) | 6.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
|
The geographic scope of the South and Central America Recycled Plastic refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
1. Remondis SE & Co. Kg
2. Veolia
3. Alpek S.A.B. de C.V.
4. Plastipak Holdings Inc.
The South and Central America Recycled Plastic Market is valued at US$ 2,529.34 Million in 2021, it is projected to reach US$ 4,001.37 Million by 2028.
As per our report South and Central America Recycled Plastic Market, the market size is valued at US$ 2,529.34 Million in 2021, projecting it to reach US$ 4,001.37 Million by 2028. This translates to a CAGR of approximately 6.9% during the forecast period.
The South and Central America Recycled Plastic Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South and Central America Recycled Plastic Market report:
The South and Central America Recycled Plastic Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South and Central America Recycled Plastic Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South and Central America Recycled Plastic Market value chain can benefit from the information contained in a comprehensive market report.
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