The new report by Informes de Expertos titled, ‘Spain Recycled Plastics Market Report and Forecast 2022-2027’, gives an in-depth analysis of the Spain recycled plastics market, assessing the market based on the type of plastic, type of raw material, application, and key regions. The report analyses key success factors and constraints, tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): X%
The market for recycled plastics in Spain is registering considerable growth due to the rising quantity of plastic waste generated in the region. This, in turn, is leading to an increased public concern over plastic pollution, thereby increasing the importance of recycled plastics and giving a significant boost to the industry.
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Other factors such as the increasing need to conserve energy and resources, and the increased public awareness of recycling have further aided the recycled plastics market to function affectively. Furthermore, the system of plastic recycling in Spain has also improved over a period of time and become more effective. This has been possible due to improvements in infrastructure for the classification and recycling of plastics. Moreover, recent measures by the Spanish government such as the ban on single-use plastic items such as straws, cutlery, etc. and an imposition of the tax also provide a positive direction to the recycled plastics industry.
Industry Definition and Major Segments
Plastic recycling involves using scrap or waste plastic to create useful finished products. This process of plastic reformulation is gaining immense popularity as this method prevents environmental pollution caused by huge quantities of plastic waste. The non-biodegradable nature of plastic is allowing the recycled plastics industry to flourish.
By plastic type, the market is divided into:
- Polyethylene Terephthalate (PET)
- High Density Polyethylene (HDPE)
- Polypropylene (PP)
- Low Density Polyethylene (LDPE)
- Others
Based on raw material, the market is segmented into:
- Plastic Bottles
- Plastic Films
- Rigid Plastic and Foam
- Fibres
- Others
By application, the market is bifurcated into:
- Packaging
- Electrical and Electronics
- Construction and Demolition
- Automotive
- Agriculture
- Household (Non-Packaging Use)
- Others
Key regions covered include:
- Andalusia
- Catalonia
- Madrid
- Valencian Community
- Rest of Spain
Market Trends
One can witness the trend of rising plastic waste production in Spain which is contributing to an increased demand for recycled plastics and a reduction in plastic waste generation. Moreover, the significant growth in industries like building and construction, food and beverage, automotive, and many others, where recycled plastics are widely employed, further aid the target industry’s expansion.
Additionally, the number of projects aimed at plastic waste reduction as well as at plastic recycling are also experiencing a surge in this region, as the government, key players, foundations. and the public are becoming increasingly conscious of the hazards caused by plastic due to its non-biodegradable nature. This, in turn, is expected to expand the potential growth opportunities for the market.
Key Market Players
The major players in the market are:
- S. Solís Recuperación
- Reciclaje S.A.
- Vielpa, S.A.
- Acteco
- TERRALTA RECYCLING, S.A.
This report covers the market shares, expansions, investments and mergers and acquisitions, among other latest developments of these industry players.
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Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
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We at Informes de Expertos always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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