The Reports and Insights, a leading market research company, has recently releases report titled “Expanded Polystyrene (EPS) Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Expanded Polystyrene (EPS) Recycling Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Expanded Polystyrene (EPS) Recycling Market?
The expanded polystyrene (EPS) recycling market size reached US$ 19.7 Billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 36.5 Billion by 2032, exhibiting a growth rate (CAGR) of 6.7% during 2024-2032.
What are Expanded Polystyrene (EPS) Recycling?
EPS recycling is the practice of collecting, sorting, and processing EPS foam products to reclaim the material for reuse. EPS, also known as Styrofoam, is a lightweight and rigid plastic material utilized in packaging and insulation. The recycling process involves compressing the foam to reduce its size and then melting it down to create dense blocks or pellets suitable for manufacturing new products. EPS recycling contributes to environmental sustainability by diverting EPS waste from landfills and reducing the demand for new plastic production.
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What are the growth prospects and trends in the Expanded Polystyrene (EPS) Recycling industry?
The expanded polystyrene (EPS) recycling market growth is driven by various factors. The market for recycling expanded polystyrene (EPS) is expanding, fueled by growing environmental consciousness and regulatory measures promoting recycling practices. EPS, widely utilized in packaging and construction, significantly contributes to plastic waste. Recycling EPS involves collecting, cleaning, and processing it into reusable material for diverse applications. Market growth is propelled by increasing demand for recycled EPS in the construction and packaging sectors, driven by sustainability objectives and economic advantages. Moreover, technological advancements in EPS recycling and government support for recycling initiatives are further driving market growth. Hence, all these factors contribute to expanded polystyrene (EPS) recycling market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By EPS Waste Type:
Post-consumer EPS waste
Pre-consumer EPS waste
By EPS Recycling Process:
Mechanical recycling
Chemical recycling
Other recycling processes
By End-Use Industry:
Packaging
Construction
Electrical and Electronics
Automotive
Others
By Recycled EPS Product:
Packaging materials
Insulation boards
Molded products
Composite materials
Others
By Source of Collection:
Municipal recycling programs
Industrial and commercial collection
Retail collection
Other
By Recycling Equipment:
Shredders
Granulators
Densifiers
Extruders
Others
By Application:
Packaging
Building and construction
Insulation
Consumer goods
Others
By Distribution Channel:
Direct sales
Distributor sales
E-commerce
By Market Type:
Business to Business (B2B)
Business to Consumer (B2C)
Segmentation By Region:
North America:
United States
Canad
Europe:
Germany
United Kingdom
France
Italy
Spain
Russia
Poland
BENELUX
NORDIC
Rest of Europe
Asia Pacific:
China
Japan
India
South Korea
ASEAN
Australia & New Zealand
Rest of Asia Pacific
Latin America:
Brazil
Mexico
Argentina
Middle East & Africa:
Saudi Arabia
South Africa
United Arab Emirates
Israel
Rest of MEA
Who are the key players operating in the industry?
The report covers the major market players including:
Dart Container Corporation
NOVA Chemicals Corporation
ACH Foam Technologies, LLC
Ravago Recycling Group
Styro Recycle LLC
Total, Petrochemicals & Refining USA, Inc.
Alpek Polyester
Repsol S.A.
Vanden Recycling
Plasti-Fab Ltd.
NexKemia Petrochemicals Inc.
EPS Industry Alliance
Vita Group
FPC Foam Plastics Corporation
Winco Foam Industries Limited
View Full Report: https://www.reportsandinsights.com/report/Expanded Polystyrene (EPS) Recycling-market
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