Thailand's Sustainable Policies Fuel Recycled Plastics Market Growth


Posted February 27, 2025 by pujammr98

More companies have started to reveal how much plastic packaging they use, set recycling targets, promise to stop using single-use plastics, employ recycled plastics, and enhance waste management initiatives.
 
Global Recycled Plastics Market Projected to Reach $57.71 Billion by 2030

The Global Recycled Plastics Market, valued at $31.77 billion in 2023, is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 8.9%, reaching approximately $57.71 billion by 2030. This growth is driven by increasing plastic consumption in lightweight components across industries such as automotive, building & construction, and electrical & electronics.

Competitive Landscape

The recycled plastics industry is characterized by significant competition, with key players focusing on innovation, strategic partnerships, and mergers and acquisitions to enhance their market positions. Leading companies such as Indorama Ventures, Veolia, Suez, and Jayplas are investing heavily in expanding their recycling capacities and developing advanced recycling technologies.

For in-depth information on this study, visit the following link:

https://www.maximizemarketresearch.com/request-sample/10814/

Regional Demand Highlights

The Asia-Pacific region dominates the recycled plastics market, accounting for over 45% of the global share in 2023

This dominance is attributed to the region's robust manufacturing industries and increasing awareness of sustainable practices.

The United States recycled plastics market is experiencing consolidation, with companies focusing on mergers and acquisitions to strengthen their market positions. For instance, WM Recycle America, LLC plans to acquire Avangard Innovative’s U.S. operations, aiming to boost recycling capacity and target an impressive 400 billion pounds of post-consumer resin annually within five years.

Vietnam: Recycled Plastics Opportunities

Vietnam is emerging as a potential hub for plastic recycling, driven by government initiatives and increasing foreign investments. The country's commitment to reducing plastic waste and promoting a circular economy presents significant opportunities for recycled plastics manufacturers.

Segmentation Analysis
by Product

Bottles
Films
Fibers
Foams
Others

by Plastic Type

Polyethylene Terephthalate (PET)
Polyethylene (PE)
Polyvinyl Chloride (PVC)
Polypropylene (PP)
Polystyrene (PS)
Others

by Application

Packaging
Building & Construction
Textile
Automotive
Electrical & Electronics
Others

by Process

Mechanical
Chemical

by Type

Post-Consumer Recyclate
Industrial Recyclate

For additional resources and details on this research, check out:

https://www.maximizemarketresearch.com/request-sample/10814/

Key Market Participants:
North America
1. Clear Path Recycling
2. Plastipak
3. Republic Services
4. Stericycle
5. B. Schoenberg
6. Waste Connections
7. MBA Polymers

Europe
8. Suez Environment
9. Jayplas
10. Biffa
11. Remondis
12. Plastic Recycling Amsterdam
13. Resiclo

APAC
14. Indorama Ventures
15. Far Eastern New Century
16. Asia Plastic Recycling Holdings
17. Jeplan
18. KK Plastic Waste Management
19. Srichakra Polyplast

Middle East and Africa
20. Saudi Investment Recycling
21. Tadweer Group
22. Renie
23. Kaltani
24. Pakam

South America
25. Lar Plásticos

Catch Up with Trending Topics:

Global Indium Tin Oxide (ITO) Market:

https://www.maximizemarketresearch.com/market-report/global-indium-tin-oxide-ito-market/111183/

Dimethyl Ether Market :

https://www.maximizemarketresearch.com/market-report/global-dimethyl-ether-market/16581/


About Us:

Maximize Market Research is one of the fastest-growing Market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

Contact Us:

MAXIMIZE Market RESEARCH PVT. LTD.

3rd Floor, Navale IT park Phase 2,

Pune Banglore Highway, Narhe

Pune, Maharashtra 411041, India.

+91 9607365656

[email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By https://www.maximizemarketresearch.com/
Business Address pune
Country India
Categories Marketing , Research , Technology
Tags recycled plastics market forecast , recycled plastics market trends , recycled plastics market growth
Last Updated February 27, 2025