The Plastic Recycling Market hitting at CAGR of +6% holding revenue of US$ 60 Bn by the time phrase of 2021-28.
Plastic recycling is the process of recovering scrap or waste plastic and reprocessing the material into useful products. When different types of plastics are melted together, they tend to phase-separate, like oil and water, and set in these layers.
Recyclable plastic usually comes with a little recycling symbol printed on the bottom and depending on the product, there might be a 1, 2, 3, 4, 5 stamped in the center of the symbol. It’s easy to miss, but this tiny digit is actually pretty important, because it’s an ID.