Brooklyn, New York, March 12, 2024 (GLOBE NEWSWIRE) -- According to a new market research report published by Global Market Estimates, the global plastic credit market is projected to grow at a CAGR of 8.1% from 2024 to 2029.
The global plastic credit market is being driven by consumers' and organizations' rising concerns about sustainability and environmental responsibility.
Key Market Trends
- Increasing Corporate Adoption: The global plastic credit market is witnessing a growing trend of corporate adoption as companies strive to meet sustainability goals and demonstrate their commitment to environmental responsibility. Corporations are actively engaging in plastic credit initiatives to offset their plastic footprint, contributing to a more sustainable and circular economy
- Innovative Plastic Credit Platforms: There is a surge in the development of innovative plastic credit platforms that leverage advanced technologies such as blockchain and digital platforms. These platforms facilitate transparent and traceable transactions, providing a robust infrastructure for the plastic credit market. The integration of technology enhances efficiency in credit generation, tracking, and trading processes
- Collaborative Initiatives and Partnerships: The plastic credit market is characterized by an increasing number of collaborative initiatives and partnerships among stakeholders across the value chain. Governments, businesses, NGOs, and waste management entities are joining forces to create comprehensive plastic credit programs. Collaborative efforts aim to address plastic pollution collectively and foster a more coordinated approach to plastic waste management
Browse 147 Market Data Tables and 115 Figures spread through 163 Pages and in-depth TOC at https://www.globalmarketestimates.com/market-report/plastic-credit-market-4476
Key Market Insights
- As per the end-user outlook, the packaging segment is expected to be the fastest-growing segment in the global plastic credit market from 2024 to 2029
- As per the credit type outlook, the recycling credits segment is expected to be the largest segment in the global plastic credit market from 2024 to 2029
- Asia Pacific region is analyzed to be the fastest-growing region in the market
- North America region is estimated to hold the largest share of the market during the forecast period from 2024 to 2029
- rePurpose Global, Ecoex, PCX, Empower, TONTOTON, Waste4Change, Ampliphi, GemCorp, Verra, and OceanWorks, among others, are some of the key players operating in the global plastic credit market
Request for a Sample Copy of the Report: https://www.globalmarketestimates.com/market-report/plastic-credit-market-4476
By Credit Type Outlook (Revenue, USD Billion, 2024-2029)
- Recycling Credits
- Collection Credits
- Upcycling Credits
- Circular Economy Credits
By End User Outlook (Revenue, USD Billion, 2024-2029)
- Consumer Goods
- Packaging
- Automotive
- Electronics
- Construction
By Regional Outlook (Revenue, USD Billion, 2024-2029)
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Netherlands
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Indonesia
- Malaysia
- Singapore
- Vietnam
- Rest of APAC
Central and South America
- Brazil
- Argentina
- Chile
- Rest of CSA
Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of MEA
Contact: Yash Jain
Director - Global Accounts & Strategic Advisory
Email address: yash.jain@globalmarketestimates.com
Phone Number: +1 6026667238 / +91 9769352498
Website: www.globalmarketestimates.com
Attachment
