Plastic Recycling Market Research Report - Global Forecast till 2030

Plastic Recycling Market: Information by Material (Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polypropylene (PP) and others), Recycling Process (Mechanical and Chemical), Application (Packaging, Construction, Textile, Automotive and others) and Region (Americas, Europe, Asia-Pacific, Middle East & Africa) - Forecast to 2030

ID: MRFR/PNT/2113-CR | October 2020 | Region: Global | 188 pages

Impact of COVID-19 on the Global Plastic Recycling Market

The Asia-Pacific region holds the largest market share in the plastic recycling market owing to the presence of small-scale recyclers in the region. However, the COVID-19 pandemic has significantly impacted the material processing and recovery businesses. The recycling industry has also been severely affected and is facing financial distress owing to limited operational activities and social distancing measures due to the lockdown. According to plastic recyclers, the recycling of plastics is not considered as essential during the current COVID-19 crisis. The stringency around hygiene, cleanliness, and other measures for curbing the spread of COVID-19 are the primary concerns. Tests have shown that the virus survives longer on plastics as compared to other surfaces.

Worldwide market value of Plastic in 2015 and 2024 (USD billion)