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The global recycled plastic market size is expected to witness significant growth backed by increasing demand from the packaging industry. Fortune Business Insights, in its latest report, titled “Recycled Plastic Market Size, Share & Industry Analysis, By Type (Polyethylene Terephthalate, High-density Polyethylene, Polypropylene, Low-density Polyethylene, and Others), By Application (Non-Food Packaging, Food Packaging, Construction, Automotive, and Others), and Regional Forecast, 2019-2026.”, predicts that the market is likely to hit USD 72.6 billion by 2026 while exhibiting a CAGR of 8.55% between 2019 and 2026. The reports further observe that the market was worth USD 37.8 billion in 2018.

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