The rising governmental initiatives 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 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-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