Food-Grade Recycled Plastics Market Growth, Global Survey, Analysis, Share, Company Profiles and Forecast by 2027
The Global Food-Grade Recycled Plastics market is forecast to reach USD 40.58 Billion by 2027, 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 relevant policies 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 developments by start...