The Europe recycled plastics market reached a volume of 11.4 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 15.7 Million Tons by 2027, exhibiting a CAGR of 5.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Recycled plastic refers to the scrap or waste plastic that is again recovered to manufacture useful products with the help of various recycling processes. When different types of plastics are melted together, they tend to phase-separate, like oil and water, and are set in the form of layers. The recycling is generally done using heat compression method or the monomer recycling process that reverses the polymerization reaction in order to recycle the same type of condensed polymer. Europe is the second largest producer of plastics in the world, after China. Huge plastic production in the region leads to the generation of enormous quantities of plastic waste that harms the environment. The recycling of such large amounts of waste plastics helps a lot in energy conservation, saving natural resources that are used to make virgin plastics, clearing landfill space, thereby maintaining a balance in the plastics industry in the region.
According to the European Association of Plastic Manufacturers, the plastic waste recycling has increased by almost 80% in last 10 years in Europe. The concerns rising out due to the difficulty in disposal of virgin plastics, growing awareness about energy savings and the increasing usage of waste plastics in many applications are expected to positively influence the growth of the recycled plastics market in the region. The plastic industry also represents as one of the major sectors of the European economy. The demand for various plastics is rising in packaging, building & construction and automotive sectors across various European countries, thereby creating a positive impact on the overall recycled plastics demand. Moreover, many associations and commissions have been formed to create awareness about the plastic recycling among manufacturers, distributors as well as European citizens. Concerns regarding waste disposal and contamination of plastic waste are driving the adoption of recyclable plastics specially in the food and beverages packaging sector, consumer and retail sector. Catalyzed by such factors, the European recycled plastic market is expected to surge in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe recycled plastics market, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on source, application and plastic type.
Breakup by Source
Rigid Plastics and Foams
Currently, plastic bottles accounts for majority of the market share in the region.
Breakup by Application
Electrical and Electronics
Construction and Demolition
Household (Non-Packaging Use)
Currently, packaging segment accounts for the largest share in the region.
Breakup by Plastic Type
Polyethylene Terephthalate (PET)
High Density Polyethylene (HDPE)
Low Density Polyethylene (LDPE)
Currently, PET plastics represent the leading segment among all the recycled plastic types in the region.
Breakup by Country
Currently, Germany represents the largest market for recycled plastics in Europe.
The report has also examined the competitive landscape of the European recycled plastics market. Some of the major players include:
MBA Polymers, Inc.
Morssinkhof Rymoplast Key Questions Answered in this Report:
How has the European recycled plastics market performed so far and how will it perform in the coming years?
What has been impact of COVID-19 in the European recycled plastics market industry?
What are the major markets for recycled plastics in Europe?
What is the breakup of the European recycled plastics market based on the plastic source?
What is the breakup of the European recycled plastics market based on the plastic type?
What are the key application segments in the European recycled plastics market?
What are the various stages in the value chain of the European recycled plastics market industry?
What are the key driving factors and challenges in the European recycled plastics market industry?
What is the structure of the European recycled plastics market industry and who are the key players?
What is the degree of competition in the European recycled plastics market industry?