Previous articleP.F. Chang’s Celebrates Lunar New YearNext articleGlobal Liquid Biopsy Markets Report 2021: Analysis & Forecasts to 2025 – Screening, Diagnosis, Therapy Selection and Recurrence Monitoring – ResearchAndMarkets.com Digital AIM Web Support Facebook Twitter By Digital AIM Web Support – February 3, 2021 Local NewsBusiness Pinterest WhatsApp Pinterest TAGS Facebook DUBLIN–(BUSINESS WIRE)–Feb 3, 2021– The “Global Plastic Recycling Market (2020-2025) by Application, Process, Material, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering. The Global Plastic Recycling Market is estimated to be USD 42.3 Bn in 2020 and is expected to reach USD 60.7 Bn by 2025, growing at a CAGR of 7.5%. Factors such as rising demand for plastics in various end-user industries and favorable government initiatives towards the reduction of plastic waste has strengthened the growth of this market. With the increasing awareness about global warming, plastic manufacturers are largely focusing on developing new recycling concepts to reduce greenhouse gas emissions and maintain environmental sustainability. Conversely, the increasing use of virgin plastics and the lack of a proper plastic collection system has hampered the growth of this market. The lack of an established waste collection and sorting system for solid waste is posing a challenge for this market. Increasing demand for recycled PET and HDPE is creating an opportunity for the Plastic Recycling market due to its low costs. Segments Covered By Application, the Packaging segment is anticipated to account as the fastest-growing segment during the forecast period. The packaging sector makes very high use of plastics in food and beverage packaging with the rise of RTE (ready to eat) and RTS (ready to serve) products. Moreover, there is an increased demand in the healthcare sectors, which has boosted the growth for this segment. By Process, the Mechanical segment is anticipated to account as the fastest-growing segment during the forecast period. The factors such as low prices, easy availability, and wide availability of the equipment for mechanical pressing are contributing to its growth. By Material, Polyethylene Terephthalate (PET) is anticipated to account as the fastest-growing segment during the forecast period. It is cost-efficient in terms of its recycling process, has high flexibility, which makes it suitable for use in various industries like packaging, textiles, films, to molded parts for automotive and electronics. Moreover, recycled PET and polyethylene is known for 70% of total post-consumer plastic recycling, which has also supported the segment’s growth. By Geography, APAC is anticipated to lead the market. The factors attributed to the growth of the market are rapid industrialization and the importance of waste management in countries like China, Japan, and India. The use of plastics has also risen due to the rising automotive production, demand from the textile and the construction industry. Besides, there have been stringent laws to waste management, which have additionally contributed to the growth of the market. Market Dynamics DriversGrowing Focus on Environmental SustainabilityRise in Initiatives for Plastic Waste ManagementThe rise in the Demand for Plastics in Diverse Industry PracticesFavorable Government Support for Recycling Plastic RestraintsRecycling Mixed Plastic WasteStringent Competition from Virgin PlasticsDifficulty in the Collection of Raw Materials OpportunitiesIncreased Awareness about the Need for Recycling TechnologiesDemand for Recycled PET and HDPEApplication of Recycled Plastics Across Consumer GoodsIncreased Research Activities to Find an Effective Method of Recycling Plastic WasteAvailability of Improved Technologies for Plastic Waste Management ChallengesLack of an Established Waste Collection and Sorting SystemRising Need for Better Recycling Technologies TrendsAdvanced Plastic Recycling Technologies Key Topics Covered: 1 Report Description 1.1 Study Objectives 1.2 Market Definition 1.3 Currency 1.4 Years Considered 1.5 Language 1.6 Key Shareholders 2 Research Methodology 2.1 Research Process 2.2 Data Collection and Validation 2.3 Market Size Estimation 2.4 Assumptions of the Study 2.5 Limitations of the Study 3 Executive Summary 4 Market Overview 4.1 Introduction 4.2 Market Dynamics 4.3 Trends 5 Market Analysis 5.1 Porter’s Five Forces Analysis 5.2 Impact of COVID-19 5.3 Ansoff Matrix Analysis 6 Global Plastic Recycling Market, By Application 6.1 Introduction 6.2 Packaging 6.3 Construction 6.4 Textile 6.5 Automotive 6.6 Others 7 Global Plastic Recycling Market, By Process 7.1 Introduction 7.2 Mechanical Recycling 7.3 Chemical Recycling 8 Global Plastic Recycling Market, By Material 8.1 Introduction 8.2 Polyethylene Terephthalate (PET) 8.3 High-Density Polyethylene (HDPE) 8.4 Low-Density Polyethylene (LDPE) 8.5 Polypropylene (PP) 8.6 Others 9 Global Plastic Recycling Market, By Geography 9.1 Introduction 9.2 North America 9.2.1 US 9.2.2 Canada 9.2.3 Mexico 9.3 South America 9.3.1 Brazil 9.3.2 Argentina 9.4 Europe 9.4.1 UK 9.4.2 France 9.4.3 Germany 9.4.4 Italy 9.4.5 Rest of Europe 9.5 Asia-Pacific 9.5.1 China 9.5.2 Japan 9.5.3 India 9.5.4 Australia 9.5.5 Rest of APAC 9.6 The Middle East and Africa 10 Competitive Landscape 10.1 IGR Competitive Quadrant 10.2 Market Share Analysis 10.3 Competitive Scenario 10.3.1 Mergers & Acquisitions 10.3.2 Agreements, Collaborations, & Partnerships 10.3.3 New Product Launches & Enhancements 10.3.4 Investments & Fundings 11 Company Profiles 11.1 CarbonLITE Industries 11.2 Seraphim Plastics 11.3 MBA Polymers Inc. 11.4 Kuusakoski Group Oy 11.5 Envision Plastics 11.6 Custom Polymers, Inc. 11.7 Plastic Recycling Inc. 11.8 UltrePET, LLC 11.9 KW Plastics, Inc. 11.10 Green-O-Tech India 11.11 Miller Waste Mills 11.12 Recyclex S.A. 11.13 Boer Group 11.14 B&B Plastics 11.15 Green Line Polymers 11.16 Clear Path Recycling For more information about this report visit https://www.researchandmarkets.com/r/6hks6x View source version on businesswire.com:https://www.businesswire.com/news/home/20210203005426/en/ CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDUSTRY KEYWORD: HEALTH CHEMICALS/PLASTICS INFECTIOUS DISEASES ENVIRONMENT TECHNOLOGY MANUFACTURING OTHER TECHNOLOGY SOURCE: Research and Markets Copyright Business Wire 2021. PUB: 02/03/2021 05:45 AM/DISC: 02/03/2021 05:45 AM http://www.businesswire.com/news/home/20210203005426/en Twitter WhatsApp Global Plastic Recycling Market Report 2020-2025: Opportunities in Increased Research Activities to Find An Effective Method of Recycling Plastic Waste – ResearchAndMarkets.com
Oxford vice chancellor Louise Richardson has condemned current government Brexit proposals, warning that the UK is set to miss out on billions of EU research funding.Richardson said the “pay-as-you-go” proposals risk an “enormous loss” to research, and warned that the UK could lose its reputation in the scientific community if it cut ties with the EU.Speaking to the British Irish Chamber of Commerce conference, Richardson said: “The reality is that between 2007 and 2013 the UK contributed £5.4bn to the EU to support research, development and innovation while over the same period we received £8.8bn under the EU research framework programme budget.“So post-Brexit the pay-as-you-go system as has been proposed – a system where the UK gets out only as much as it puts in to research funding – represents an enormous loss to us.”Richardson told the conference that swathes of UK research, from cancer vaccines to sports science, would suffer.“I would call on the UK government to make it a priority in the Brexit negotiations that our universities continue to have the strongest possible relationship with the EU.”Richardson argued that with finance, agriculture and other sectors likely to suffer as a result of Brexit, research and innovation would become more critical to the British economy.“I think we are all in trouble as a result of the referendum. We know how much our reputation depends upon our research partnerships and collaborations, in everything from artificial intelligence to zoology.“Many of these partnerships, which are supported through EU research programmes, are threatened by Brexit.”Last term, Cherwell revealed that the EU provides over half of the external research funding for several Oxford departments.The data also showed that EU funding to University departments in 2016/17 had increased by more than 8% over two years.
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