DUBLIN–(BUSINESS WIRE)–The “Vietnam Recycled Plastics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.
The Vietnam recycled plastics market reached a volume of 220 Kilo Tons in 2020. Looking forward, the Vietnam recycled plastics market to grow at a CAGR of 8.3% during 2021-2026.
Plastic is present around us in huge quantities and accounts for almost 90% of the global municipal waste. This waste gets accumulated on land that can be used for other purposes, and thus recycling plastic offers an effective solution for clearing these landfill spaces.
Plastic recycling includes the reprocessing of post-consumer or post-industrial plastics instead of the virgin resin. Plastic is also recycled during the manufacture of plastic products such as polyethylene films and bags. A significant fraction of these plastics is further used in the manufacturing of several products such as footwear, bags, toys, fabrics, toothbrushes, etc.
Increasing prices of conventional plastics along with the growing concern for the environment represent the key factors driving the market for recycled plastics in Vietnam. Recycling plastics reduces the amount of energy and natural resources needed to create virgin plastic.
Shifting focus towards sustainability is boosting the demand for recycled plastics across the globe. Moreover, increasing local demand and lower labour costs has expanded the market in the country.
Key Questions Answered in This Report:
Competitive Landscape:
Market Segmentation:
Break up by Material: Polyethylene Terephthalate (PET) represents the most popular type.
Break up by Application:
Break up by Region: Southern Vietnam is the largest market
For more information about this report visit https://www.researchandmarkets.com/r/xbv4l6
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
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
Written by Lauren Gunderson and directed by Samantha Scott-Blackhall, the award-winning play aims to highlight…
Targeting the Thai market by positioning itself as a ‘K-Culture Curator.’ Introducing a vast array…
Targeting the Taiwanese market by positioning itself as a ‘K-Culture Curator.’ Introducing a vast array…
SINGAPORE - Media OutReach Newswire - 3 May 2024 - Local IT solutions provider Entrust…
Executive Editor of The New York Times, Joseph Kahn, to be featured speaker HONG KONG…
Disseminating diverse content spanning K-entertainment, fashion, beauty, gastronomy, and more via its website and social…