3.4.2. What are the various stages in the value chain of the global recycled plastics market? Vietnam’s garment and textiles industries are estimated to register an annual growth rate of 25–30%. The worldwide market for Recycled Plastics Market is expected to grow at a CAGR of roughly x.x% over the next ten years and will reach US$ XX.X Mn in 2028, from US$ XX.X Mn in 2018, according to a new Market.us (Prudour Research) study. The global recycled plastics market reached a value of US$ 22.8 Billion in 2019. Twitter. Currently, plastic bottles represent the major type of raw material for recycled plastics as they find numerous applications in industries for storing carbonated drinks, medicines, oils, etc. This is a reference guide for plastic scrap being sold in China.         8.4.1 Market Trends As of 2020, the Recycled Plastics market industry is valued at 39.47 Billion USD, and it is estimated to reach 54 Billion USD by the year 2025. Pricing Analysis of Recycled Plastic Market, By Methods, 2018 to 2026 3.4.4. Therefore, the amount of energy that would be saved from recycling PET and HDPE containers was the equivalent to the annual energy use of 750,000 U.S. homes. Figure 35: Global: Recycled Plastics Market (Applications in Construction): Sales Value (in Million US$), 2014 & 2019 Some other states provide tax exemption on construction or renovation of recycling plants. 23. PlasticBagRecycling.org. Various factors such as cleanliness, color, and other properties determine the actual prices. 5   Global Recycled Plastics Market Table 5: Global: Recycled Plastics Market Forecast: Breakup by Region (in Million US$), 2020-2025 Plastic processors offer decent prices for plastic scrap because through processing, they are able to raise the value of the purchased scrap. This is the highest price seen since November 2016.     8.3    Construction Plastics are lightweight, durable and inexpensive materials, which can be readily made into a variety of products. Figure 43: Europe: Recycled Plastics Market: Sales Value (in Million US$), 2014 & 2019 Figure 8: Global: Recycled Plastics Industry: SWOT Analysis Each class is further described in detail in the report with value forecasts until 2022. - 34)    5.1 Introduction     5.2 Market Dynamics            5.2.1 Drivers                    5.2.1.1 Negative Environmental Impact of Plastics Disposal                    5.2.1.2 Growing Awareness Regarding Energy Savings                    5.2.1.3 Increasing Use in Packaging, Automotive, and Electrical & Electronics Industries           5.2.2 Restraints                    5.2.2.1 Stringent Competition From Virgin Plastics           5.2.3 Opportunities                    5.2.3.1 Favorable Initiatives to Promote the Use of Recycled Plastics in Developed Countries                    5.2.3.2 Increasing Use in Textile Industry in Developing Countries of APAC           5.2.4 Challenges                    5.2.4.1 Ban on Imports of Waste Or Scrap Plastics in China                    5.2.4.2 Difficulty in Collection of Raw Materials    5.3 Porter’s Five Forces Analysis            5.3.1 Threat of New Entrants           5.3.2 Bargaining Power of Suppliers           5.3.3 Threat of Substitutes           5.3.4 Bargaining Power of Buyers           5.3.5 Intensity of Competitive Rivalry    5.4 Macroeconomic Overview and Trends            5.4.1 Introduction           5.4.2 Per Capita Plastic Consumption Trend, 2016           5.4.3 Global Per Capita GDP Outlook           5.4.4 Global Construction Contribution to GDP           5.4.5 Global Industrial Production Outlook, 6 Recycled Plastics Market, By Source (Page No.         8.2.2 Market Forecast These leading retailers and packaging companies pledged to work towards using 100% reusable, recyclable or compostable packaging by 2025 or earlier. The Vietnam recycled plastics market size reached a volume of about 199,034 tons in 2020. Figure 6: Global: Recycled Plastics Market: Breakup by Region (in %), 2019 They contaminate the aquatic ecosystems in the form of tiny particles of plastic debris. It is easier to sort and convert into a new product. - 72)     10.1 Introduction      10.2 APAC              10.2.1 China             10.2.2 Japan             10.2.3 India             10.2.4 South Korea             10.2.5 Rest of APAC     10.3 Europe              10.3.1 Germany             10.3.2 UK             10.3.3 France             10.3.4 Italy             10.3.5 Spain             10.3.6 Rest of Europe     10.4 North America              10.4.1 US             10.4.2 Canada             10.4.3 Mexico     10.5 South America              10.5.1 Brazil             10.5.2 Argentina             10.5.3 Rest of South America     10.6 Middle East & Africa              10.6.1 Iran             10.6.2 Saudi Arabia             10.6.3 South Africa             10.6.4 Rest of Middle East & Africa, 11 Competitive Landscape (Page No. Issue isn’t the price of virgin PET or recycled pricing the base year and 2022 as Pacific. 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