Recycled plastic market expected to boom by 2032: report

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The global recycled plastic market is expected to $141.9 billion in value by 2032, according to a market research firm. The studied materials include PET, HDPE and polypropylene.

Republic Services President and CEO Jon Vander Ark discusses the recycling surge and the demand for trash management on 'The Claman Countdown.'Allied Market Research announced their research

"On the contrary, the growing popularity of circular economy efforts, in which products and materials are designed to be recycled or reused, is expected to offer remunerative opportunities for the expansion of the recycled plastic market during the forecast period," Allied Market Research added. A man holds recycled green polyethylene terephthalate flakes for a photograph at a Junyoung Industrial facility in Gimpo, South Korea, on Thursday, April 19, 2018.

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