Recycled Plastics Market Is Expecting To Grow As Of Increasing Plastic Consumption In The Production Of Lightweight Components
Recycled Plastics Industry Overview The global recycled plastics market size was valued at USD 46.09 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.8% from 2022 to 2030. Increasing plastic consumption in the production of lightweight components, which are used in various industries including building & construction, automotive, and electrical & electronics, is expected to propel the growth of the market over the forecast period. Amid the global COVID-19 pandemic, the demand for various packaging products was high on account of the rise in online purchases of electrical & electronics, personal care products, and Personal Protective Equipment (PPE) products, such as gloves and face masks. Gather more insights about the market drivers, restrains and growth of the Global Recycled Plastics Market According to The Verge, the demand for affordable consumer electronic products, such as laptops, mobile, modems, etc. has increased majorly t...