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The rising governmental always on managing plastic disposal, the demand for packaged food products, and the growing trend for ordering food online, are boosting the Food-Grade Recycled Plastics market.

Market Size - USD 25.16 Billion in 2019, Market Growth - CAGR of 6.1%, Market Trends - The rising demand for Food-Grade Recycled Plastics in packaging required for delivering online food orders

The Global  Food-Grade Recycled Plastics market  is forecast to reach USD 40.58 Billion by2027, according to a new report by Reports and Data. In recent years, recycled plastics can be seen to become highly significant and relevant. The rising awareness about plastic disposal in landfills and the formulation of policies relevant are some of the mentionable factors fostering the market growth. Increasing emphasis on manufacturing materials and methods associated with recycled plastics is also acting in favor of the growth of the sector. Various start-ups are making an effort to penetrate the market by developing innovative ways of recycling plastics. As an instance, the Cat-HTR, a start-up in Australia, has developed the Cat-HTR, a unique hydrothermal upgrading platform that can economically and quickly transform waste plastic, industry residues, and various biomass into a biocrude or synthetic oil for producing sustainable chemicals and fuels. Such by start-up companies would result in enriching the market.

Some of the key players operating in the Food-Grade Recycled Plastics market are Becton, Dickinson and Company, Abbott Laboratories, Bio-Rad Laboratories, Suez, Veolia, Jayplas, KW Plastics, B&B Plastics, B. Schoenberg & Co., Clear Path Recycling, Green Line Polymers, Nestlé and Plastipak Holdings., And others.

Click on the Link to Read Key Highlights of the Report and Look at Projected Trends for Years to Come  @  https://www.reportsanddata.com/report-detail/food-grade-recycled-plastics-market

Further key findings from the report suggest

• In context to Type, the High-density polyethylene segment is projected to witness a considerable growth rate of 6.5% during the forecast period. The growth rate witnessed by this segment is attributed to its benefits like lightweight and strength, which results in its high preference and popularity among end-users. The fact that it is approved by the FDA for food contact also results in its elevating preference for this type of recycled plastic.
  
• In regards to Source, the Bottle segment is held the largest market share of more than 60.0% of the market in 2019, which is projected to maintain market dominance. The ease of collection, availability of bottles, particularly PET bottles and the fact that it can be easily sorted results in its elevated preference among manufacturers, tap to the market share held by this segment.
  
• In regards to End-use, the Clear tough plastic segment occupied the largest market share in 2019. The high demand for this type of plastic because of its wide arena of applications like in water bottles, juice, and soft drink bottles that are commonly bought beverage products, would result in high demand for this type of recycled plastic for manufacturing this Clear tough plastic.   
  
• In context to Application, the Packaging segment held more than 70.0% in 2019. The continuous growth of the packaging product manufacturing in regards to their production capacity and infrastructure would result in extensive use of this type of recycled plastic in for packaging purposes.