[Online Quarterly Update] APAC Plastic Recycling market stood at 90.32 Million Tonnes in 2020 and is forecast to reach 149.735 Million Tonnes by 2030, growing at a healthy CAGR of 4.78% until 2030. The increasing demand for plastics in the chemical and petrochemical industry is expected to drive the demand for Plastic Recycling in the region. Also, the growing demand for Plastic Recycling from other industries such as electrical & electronics, automotive, packaging industry, etc. owing to the increasing need for plastics components is boosting the Plastic Recycling market. Among these industries, the packaging industry holds the major share in the Asia Pacific market for Plastic Recycling. Increasing awareness regarding the benefits of energy-saving and the need to reduce the carbon footprint is expected to accelerate the plastic recycling market in the upcoming years.
Despite the slowdown of the global economy on account of the COVID-19 pandemic, the Plastic Recycling market is expected to witness robust growth during the forecast period owing to the increased use of plastic components in the pharmaceutical and healthcare sector. Owing to the Severity of deadly coronavirus, many industries operated at reduced capacity and manpower.
China receives the waste and scrap plastic in bulk quantity from various countries including the United States, Japan, Australia, and others, and then converts it into a higher quality material that could be used by various end-use industries. The demand for recycled Plastic is rapidly increasing in the APAC region owing to the rising number of construction projects including hospitals, schools, and colleges. Moreover, rising government initiatives such as ‘Make in India’ in emerging nations and revised FDI policies are enticing core companies to set up manufacturing units in the region, which is likely to propel the Plastic Recycling market during the forecast period.
Major players operating in Plastic Recycling market include Agilyx Corporation, B&B Plastics, BASF SE, Braskem, British Petroleum, Licella Holdings, Polycycle Private Limited, Recycling Technologies, Eco Wise Waste Management Pvt Ltd., OMV Reoil, Sapporo Plastic Recycle kk, Jayplas, Veolia, The shakti Plastics Industries, Cleanaway Melbourne, and others.
Years Considered for Analysis:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
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Objective of the Study:
• To assess the demand-supply scenario of Plastic Recycling which covers production, demand and supply of Plastic Recycling market in APAC.
• To analyse and forecast the market size of Plastic Recycling.
• To classify and forecast APAC Plastic Recycling market based on application, technology, end-use and regional distribution.
• To identify drivers and challenges for APAC Plastic Recycling market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., of Plastic Recycling market in APAC.
• To identify and analyse the profile of leading players involved in the manufacturing of Recycled Plastic.
To extract data for APAC Plastic Recycling market, primary research surveys were conducted with Plastic Recycling manufacturers, suppliers, distributors, wholesalers and Typers. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various Typer segments and projected a positive outlook for APAC Plastic Recycling market over the coming years.
ChemAnalyst calculated Plastic Recycling demand in APAC by analyzing the historical data and demand forecast which was carried out considering imported, raw materials used for production of Plastic Recycling. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Plastic Recycling manufacturers and other stakeholders
• Organizations, forums and alliances related to Plastic Recycling distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Plastic Recycling manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Deliverables:
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Installed Capacity By Company
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Installed capacity at a regional level along with the individual capacity of leading players
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Installed Capacity By Location
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Installed capacity at country level
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Installed Capacity By Process
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Installed capacity by different processes
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Installed Capacity By Technology
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Installed capacity by different technologies being used to produce Plastic Recycling
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Production By Company
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Actual production done by different companies
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Operating Efficiency By Company
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Operating efficiency at which different companies are operating their plants
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Demand By End Use
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Demand/Sale of Plastic Recycling in different end-user industries across the region
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Demand By Sales Channel
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Demand/Sale of Plastic Recycling by different sales channels across the region
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Demand By Region
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Demand/Sale of Plastic Recycling in China, India, Japan, South Korea, Indonesia, Malaysia, Rest of APAC
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Country-Wise Exports
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Exports of Plastic Recycling by Different Countries
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Country-Wise Imports
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Imports of Plastic Recycling by Different Countries
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Demand & Supply Gap
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Demand & Supply Gap at the country level
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Market Share of Leading Players
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Revenue shares of leading players in the country
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News & Deals
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Historical & Current News & Deals in Plastic Recycling market
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you can’t find what, you are looking for then please get in touch with our custom research team at sales@chemanalyst.com
