Plastic Recycling Machine Market Set to Surpass Valuation of USD 5,342.2 Million by 2032 | Astute Analytica [Yahoo! Finance]
Unilever PLC (UL)
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Source: Yahoo! Finance
With increasing demand for sustainable solutions and efficient recycling processes, the market is set to expand rapidly, indicating robust future potential. New Delhi, July 02, 2024 (GLOBE NEWSWIRE) -- The global plastic recycling machine market is projected to reach valuation of US$ 5,342.2 million by 2032 from US$ 3,127.3 million in 2023 at a of 6.13% during this period 2024-2032. Plastic recycling presents a significant opportunity for growth, driven by alarming growth and pressing environmental needs. Globally, less than 10% of plastic waste is recycled, despite production doubling over the past 20 years to 460 million tons annually. Approximately 85% of this plastic waste ends up in landfills, contributing to the deaths of about 1 million marine creatures each decade. With single-use plastics comprising half of all production and plastic packaging accounting for 36% of waste, the urgency to enhance recycling efforts is clear. The average plastic bag is used for just 12 minute
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