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Recycled Plastic Resins Market is Projected to Reach US$ 109.4 Billion with a 8.5% CAGR by 2034 | Fact.MR Report [Yahoo! Finance]

Loop Industries, Inc. (LOOP) 
US:NASDAQ Investor Relations: loopindustries.com/en/investors/home
Company Research Source: Yahoo! Finance
Rockville, MD, Nov. 25, 2024 (GLOBE NEWSWIRE) -- The recycled plastic resins market is expected to grow from US$ 48.4 billion in 2024 to US$ 109.4 billion in 2034. Fact. MR's extensive study shows that the market will expand at a growth rate of from 2024 to 2034. The growing need for eco-friendly products in various sectors is boosting the recycled plastic resins market. Recycled plastic resins are manufactured from the waste generated by post-industrial and post-consumer plastic products and are used in many end-users like packaging, automotive, and construction sectors and textiles lessening dependency on plastics thereby reducing the carbon footprint of these industries. The growth of these markets is explained to a large extent by the increasing status of the aging population and changes in government policies aimed at cutting plastic waste and encouraging the circular economy. The trends of both corporations and consumers are inclined to produce greener goods, which leads to Show less Read more
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