The Europe Recycled Plastics Market would witness market growth of 8.6% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 6,608.4 kilo tonnes, showcasing a growth of 21.5% (2020-2023).
Plastic films represent a significant source for the Recycled Plastics Market, playing a crucial role in sustainable waste management efforts. Through effective collection and recycling processes, post-consumer plastic films are converted into high-quality recycled resin, offering a valuable alternative to virgin plastics. This recycled material retains the essential properties of flexibility, durability, and barrier protection, making it suitable for various applications across industries such as packaging, agriculture, and construction. Thus, the Germany market would utilize 754.4 kilo tonnes of Recycled Plastics for Plastic films by 2031.
The Germany market dominated the Europe Recycled Plastics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5,392.3 million by 2031. The UK market is registering a CAGR of 7.7% during (2024 - 2031). Additionally, The France market would showcase a CAGR of 9.4% during (2024 - 2031).
Agricultural films from recycled plastics are widely used for mulching, greenhouse covering, and crop protection, driving demand for recycled plastics in agriculture. It manufactures durable farming equipment such as irrigation pipes, drainage systems, and agricultural containers, reducing the environmental impact of farming activities. Agricultural products are packaged and stored using recycled plastics to create crates, bins, and pallets that facilitate effective harvesting, transportation, and storage. It manufactures a wide range of livestock management products, including feeders, water troughs, fencing, and housing, supporting sustainable and efficient livestock farming practices. Geotextiles, erosion control blankets, and sediment barriers are a few examples of applications that use recycled plastics to stabilize soil and reduce erosion, preserving environmental quality and preventing soil health issues.
Furthermore, the development of recycled plastics with properties comparable to virgin materials, including strength, durability, and heat resistance. Improvement of recycled plastics for specific applications such as packaging, automotive, construction, and electronics. Addition of additives and modifiers to recycled plastics to improve processing, performance, and end-of-life properties. Incorporation of compatibilizers, antioxidants, UV stabilizers, and flame retardants to enhance the properties of recycled plastics. Integrating design for recycling (DfR) principles into product design to optimize the recyclability of plastic products. Using mono-materials, easy-to-separate components, and standardized labeling facilitates recycling and improves material recovery rates.
The most recent data available (December 2022) from the International Trade Administration (ITA) indicates that the automotive sector generated €92.7 billion in revenue in 2022, representing 9.3% of Italy’s manufacturing turnover and 5.2% of the country’s GDP. Italy produced 782,629 vehicles in 2022 (including 486,111 cars, 234,798 light commercial vehicles, and 61,720 trucks and buses). In 2022, 1,335,487 new cars were registered. Thus, all these factors will uplift the regional market’s expansion in the coming years.
Free Valuable Insights: The Global Recycled Plastics Market will Hit USD 106.6 Billion by 2031, at a CAGR of 9.2%
Based on Product, the market is segmented into Polyethylene, Polypropylene, Polyethylene Terephthalate, Polyvinyl Chloride, Polystyrene, and Others. Based on Source, the market is segmented into Plastic Bottles, Plastic Films, Polymer Foam, and Others. Based on Application, the market is segmented into Packaging, Building & Construction, Electrical & Electronics, Textiles, Automotive, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Product (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Source (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 