The rising government initiatives on managing plastic disposal, the demand for packaged food products, and the growing trend for ordering food online, are boosting the Food-Grade Recycled Plastics market. 

The Global  Food-Grade Recycled Plastics market is forecast to reach USD 40.58 Billion by 2027, according to a new report by Reports and Data. In recent years, recycled plastics can be seen to become highly significant and relevant. The rising awareness about plastic disposal in landfills and the formulation of relevant policies are some of the mentionable factors fostering the market growth. Increasing emphasis on manufacturing materials and methods associated with recycled plastics is also acting in favor of the growth of the sector. Various start-ups are making an effort to penetrate the market by developing innovative ways of recycling plastics. As an instance, the Cat-HTR, a start-up in Australia, has developed the Cat-HTR, a unique hydrothermal upgrading platform that can economically and quickly transform waste plastic, industry residues, and various biomass into a biocrude or synthetic oil for producing sustainable chemicals and fuels. Such developments by start-up companies would result in enriching the market.     

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2962

The report provides comprehensive assessment of the market covering key elements such as revenue estimations, cost analysis, import/export, production and consumption trends, CAGR, gross margin, and supply demand patterns. It also sheds light on recent technological developments, product advancements, and research and development activities in the region.

The report examines the key players operating in the market along with their market position, market share, revenue, gross margin, and business strategies. SWOT analysis and Porter's Five Forces Analysis are used to examine and assess the market and its players. It also covers recent mergers and acquisitions, joint ventures, collaborations, agreements, partnerships, and product launch and brand promotions.

Key companies profiled in the report include:

Becton, Dickinson and Company, Abbott Laboratories, Bio-Rad Laboratories, Suez, Veolia, Jayplas, KW Plastics, BB Plastics, B. Schoenberg Co., Clear Path Recycling, Green Line Polymers, Nestlé and Plastipak Holdings.

Market Segmentation by Types:

Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)

• Polyethylene Terephthalate
• Polypropylene
• High-density polyethylene
• Polystyrene
• Polyvinyl Chloride
• Polyethylene
• Others

Source Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)

• Bottles
• Films
• Others

End-use Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)

• Clear tough plastic
• White/Colored plastic
• Soft flexible plastic
• Hard/flexible plastic
• Rigid brittle plastic
• Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)

• Packaging
• Films sheets
• Others

Order this Report @ https://www.reportsanddata.com/report-pricing/2962

Regional analysis covers in-depth analysis of analysis of the revenue, market share, and growth rate of the global Food-Grade Recycled Plastics market in each region for the forecast period of 2021-2028. The report covers production and consumption rate, current and emerging trends, import/export, supply and demand, and presence of key players in each region.

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• UK
• Italy
• France
• BENELUX
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• Rest of APAC
• Latin America
• Brazil
• Rest of LATAM
• Middle East Africa
• Saudi Arabia
• UAE
• South Africa
• Rest of MEA

Further key findings from the report suggest

• In context to Type, the High-density polyethylene segment is projected to witness a considerable growth rate of 6.5% during the forecast period. The growth rate witnessed by this segment is attributed to its benefits like lightweight and strength, which results in its high preference and popularity among end-users. The fact that it is approved by the FDA for food contact also results in its elevating preference for this type of recycled plastic.
• In regards to Source, the Bottle segment is held the largest market share of more than 60.0% of the market in 2019, which is projected to maintain market dominance. The ease of collection, availability of bottles, especially PET bottles and the fact that it can be easily sorted results in its elevated preference among manufacturers, contributing to the market share held by this segment.
• In regards to End-use, the Clear tough plastic segment occupied the largest market share in 2019. The high demand for this type of plastic because of its wide arena of applications like in water bottles, juice, and soft drink bottles that are commonly bought beverage products, would result in high demand for this type of recycled plastic for manufacturing this Clear tough plastic.   
• In context to Application, the Packaging segment held more than 70.0% in 2019. The continuous growth of the packaging product manufacturing in regards to their production capacity and infrastructure would result in extensive use of this type of recycled plastic in for packaging purposes.
• In January 2020, Nestlé had announced that it would make an investment of CHF 2 billion, one-third of which is planned to be done by 2025. The focus of this investment was to lead a shift to food-grade recycled plastics from virgin plastics and contribute to the development of innovative sustainable packaging solutions.
• Veolia has been increasing its capacity in plastic recycling in the UK It had acquired a plant in East London. With the help of this acquisition, the company would be able to manage the total supply chain of plastic bottle recycling.
• Since 2019, Veolia has also been emphasizing on performing larger acquisitions due to explosive recycling activities.

Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/2962

Thank you for reading our report. For further inquiry, please connect with us and our team will make sure the report is customized according to your requirements.

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We constantly update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com