Dublin, Dec. 26, 2024 (GLOBE NEWSWIRE) -- The "Advanced Plastics Recycling Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.
The global advanced plastics recycling market is expected to grow with a CAGR of 12.6% from 2024 to 2030.
Technological advancement, a supportive regulatory environment, ecological awareness, infrastructural investment, and escalated volume of plastic waste are the factors that influence the Advanced Plastics Recycling market. The high cost of recycling, the complexity of the type of plastic waste, and regulatory conformance are some of the challenges in said market. Therefore, strategic approaches are considered very important for successful growth and development within the market.
Advanced technology for sorting, circular economy initiatives, government support policies, and the development of newer recycling processes reformed chemical recycling adoption. The trend has transformed the Advanced Plastics Recycling market into the force of better efficiency, capability, and sustainability.
Applications in the automotive industry, consumer goods packaging, construction, electronics, and textiles are driving growth prospects for the advanced plastics recycling market.
Features of this Global Advanced Plastics Recycling Market Report
- Market Size Estimates: Advanced plastics recycling market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Advanced plastics recycling market size by type, application, and region in terms of value ($B).
- Regional Analysis: Advanced plastics recycling market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the advanced plastics recycling market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the advanced plastics recycling market.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Market Segment Forecasts
- Within the type category, depolymerization is expected to witness the highest growth over the forecast period due to rapid urbanization and industrialization, which are driving a surge in plastic waste generation, creating strong demand for advanced recycling technologies to effectively manage plastic waste.
- In terms of regions, APAC is expected to witness the highest growth over the forecast period.
List of Advanced Plastics Recycling Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies advanced plastics recycling companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.
Some of the leading advanced plastics recycling companies profiled in this report include:
- Agilyx
- APK
- Aquafil
- Carbios
- Eastman
- Extrathive
- Fych Technologies
- Garbo
- Ioniqa
- Itero
Country-Wise Outlook for the Advanced Plastics Recycling Market
The advanced plastics recycling market has grown and innovated rapidly due to increasing global initiatives toward better management of waste materials and development regarding sustainability. Pressures from technology and regulations are forcing new developments in various recycling processes and infrastructure.
- USA: The U.S. has adopted advanced technologies in chemical recycling and pyrolysis meant to give rise to reusable feedstocks from plastic wastes. Various states have also initiated more stringent recycling mandates as a means of boosting the country's recycling rates and getting rid of waste in landfills.
- China has focused on the enhancement of recycling infrastructure through the incorporation of advanced sorting and processing technologies. China also places greater emphasis on policies towards the recycling of high-value plastics and plastic waste reduction, which is in tune with the greater goals of its environmental policy.
- Germany: With state-of-the-art facilities and technologies, such as high-efficiency sorting systems and advanced chemical recycling processes that allow for the reprocessing of complex plastic materials, Germany is still on the leading edge in advanced plastic recycling. Stringent German waste management policies underpin these advances.
- India: Increasing urbanization is gradually pushing up the growth in the adoption of advanced plastics recycling in India. The new developments in recent times include the setting up of new recycling plants and the introduction of technologies that will enhance plastic waste processing efficiency.
- Japan: The country is faring well in the plastics recycling industry, in which most of its focus and development regarding high-tech solutions have taken place, including automated sorting systems and chemical recycling technologies. Strong governmental policies support the country's plastic waste recycling practices, complemented by continuous public awareness programs for encouraging sustainable waste management.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the advanced plastics recycling market by type (pyrolysis, gasification, depolymerization, and others), application (environmental industry, packaging industry, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
Key Topics Covered
1. Executive Summary
2. Global Advanced Plastics Recycling Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Advanced Plastics Recycling Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Advanced Plastics Recycling Market by Type
3.3.1: Pyrolysis
3.3.2: Gasification
3.3.3: Depolymerization
3.3.4: Others
3.4: Global Advanced Plastics Recycling Market by Application
3.4.1: Environmental Industry
3.4.2: Packaging Industry
3.4.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Advanced Plastics Recycling Market by Region
4.2: North American Advanced Plastics Recycling Market
4.3: European Advanced Plastics Recycling Market
4.4: APAC Advanced Plastics Recycling Market
4.5: RoW Advanced Plastics Recycling Market
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Advanced Plastics Recycling Market by Type
6.1.2: Growth Opportunities for the Global Advanced Plastics Recycling Market by Application
6.1.3: Growth Opportunities for the Global Advanced Plastics Recycling Market by Region
6.2: Emerging Trends in the Global Advanced Plastics Recycling Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Advanced Plastics Recycling Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Advanced Plastics Recycling Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Agilyx
7.2: APK
7.3: Aquafil
7.4: Carbios
7.5: Eastman
7.6: Extrathive
7.7: Fych Technologies
7.8: Garbo
7.9: Ioniqa
7.10: Itero
For more information about this report visit https://www.researchandmarkets.com/r/ag1s1m
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
