Market Analysis & Forecasts
Global plastics recycling markets report 2020: China and some other countries have quickly recovered from the pandemic - ResearchAndMarkets.com
The global market for plastic recycling should grow from $26.5 billion in 2020 to $34.4 billion by 2025, at a compound annual growth rate (CAGR) of 5.4% for the forecast period of 2020-2025.
The global market for plastic recycling by non-durable goods source should grow from $21.5 billion in 2020 to $27.9 billion by 2025, at a CAGR of 5.4% for the forecast period of 2020-2025.
The global market for plastic recycling by durable goods source should grow from $5 billion in 2020 to $6.6 billion by 2025, at a CAGR of 5.5% for the forecast period of 2020-2025.
In 2020, the global plastic recycling business was heavily impacted by the coronavirus disease (COVID-19) pandemic. Collecting and recycling recyclable waste has been suspended, widely. Recycled volume slumped in the first half of 2020. China and some other countries have quickly recovered from the pandemic.
In 2019, the global plastic recycling industry rebounded back to nearly the level of 2017, before China started to significantly ban its post-consumer plastics import in Jan 2018.
Three factors contributed to the quick recovery of the global plastic recycling market:
- Europe significantly improved its capacity to recycle locally-collected plastic waste, increasing processed volume by more than four billion pounds per year from 2017-2019.
- China has a huge appetite for recycled plastics. Vietnam, Malaysia, South Korea, Japan, Indonesia, Thailand and many other countries set up facilities to produce recycled pellets and sell to the Chinese market.
- Most other countries also increased domestic recycling capacity.
The report includes:
- Comprehensive overview of the global markets for plastics recycling within the industry
- Analyses of the global market trends, with data corresponding to market size for 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2025
- Assessment of market potential for recycled plastics, revenue forecast in dollar value terms and market volumes on the basis of resin type, source of waste, end use, application sector and geographical region
- Country specific data and analysis of China, India, Vietnam, Indonesia, Japan, South Korea, Germany, Italy, France, U.K., Spain, U.S., Canada, Mexico, Brazil, Australia and South Africa
- Latest information on major market drivers, opportunities and challenges, industry chain structure, regulatory and environmental updates, macroeconomic trends, and technological advancements that are affecting the overall marketplace
- Identification of companies best-positioned to meet the global plastics recycling market demand owing to their proprietary technologies, mergers and acquisitions, joint ventures and other strategic alliances
- Competitive landscape of the leading companies encompassing their successful marketing strategies, key contribution, and recent developments
- Company profiles of market leading participants, including CarbonLITE, Kunststoffrecycling Ges.m.b.H, LyondellBasell, MBA Polymers Inc., MTM Plastics GmbH, Montello S.p.A., Teijin, Recycled Plastics UK and Shakti Plastics Industries
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