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Showing posts with the label Global Plastic Waste to Oil Industry

Growing Environmental Concerns among Govn. to Boost Recycled Plastic & Plastic Waste to Oil Market

The production and consumption of plastic products have risen exponentially over the past few years. About 130 million metric tons of plastic waste is generated per year (MTPY), estimates the World Bank. This extent of plastic is polluting the world hence many organizations and governments are collectively making efforts to recycle most of these plastic products. Transparency Market Research (TMR) estimates that the global recycled plastic and plastic waste to oil market will reach up to US$1.97 bn by the year 2024, exhibiting a healthy CAGR of 12.6% for the period 2016-2024. Both from economic and ecological point of views, recovery of the plastic generated is a crucial concern all over the globe. Governments are implementing strict rules against disposal of plastic waste and are motivating technologists to develop effective and efficient ways to recycle plastic wastes. Browse Market Research Report @  http://www.transparencymarketresearch.com/recycled-plastics-plastic-w...