The Association of Plastic Recyclers

January 8, 2020 - Business Wire

 
January 8, 2020 - Business Wire

APR in the News

North America Recycled Plastics Market Expected to Generate a Value of US $21.6 Billion by 2024

The "North America Recycled Plastics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The publisher expects the market to reach a value of US$ 21.6 Billion by 2024, registering a CAGR of more than 5% during 2019-2024.

The North America recycled plastics market reached a value of US$ 15.9 Billion in 2018. Plastic is a non-biodegradable, synthetic material which is most commonly sourced from petrochemicals. Plastic recycling is the process of recovering different types of plastic from waste products in order to reuse them for making useful products. Prior to recycling, the waste and scrap go through a series of five different stages, which include sorting, washing, shredding, identification and classification of plastic, and extruding.

North America recycled plastics market is currently being driven by several factors. The demand for recycled plastics has witnessed a surge on account of various initiatives undertaken by governments and organizations in different countries of the region. For instance, the Association of Plastic Recyclers (APR) along with the Recycling Partnership, has taken numerous steps to instruct vendors on using post-consumer resin (PCR). Apart from this, plastic recycling offers benefits to the manufacturers as it helps in reducing the costs of raw materials, which are higher for producing virgin plastic.

Read the full article from Business Wire.

January 13, 2020 - Greener Package, Packaging Worl...
January 7, 2020 - Greener Package

Related Posts

By accepting you will be accessing a service provided by a third-party external to https://plasticsrecycling.org/

Get In Touch

Linkedin
Twitter
Facebook
Soundcloud
Vimeo
Youtube

APR

1776 K Street, NW

Washington, DC 20006

Contact Us

Please let us know your name.
Invalid Input
Please write a subject for your message.
Please let us know your email address.
Please let us know your message.
Please complete the reCAPTCHA

Subscribe

Invalid Input