Plastics Recycling Plants Market was valued at USD 20 Billion in 2022 and is projected to reach USD 50 Billion by 2030, growing at a CAGR of 12% from 2024 to 2030.
The global plastics recycling plants market has witnessed significant growth between 2018 and 2022. As sustainability concerns have risen over the years, the need for efficient recycling technologies has become more prominent. Innovations in recycling processes, advanced machinery, and more stringent environmental regulations have paved the way for an expanding market. During this period, the market saw a steady demand driven by governments' push towards reducing plastic waste and encouraging a circular economy. The market's valuation surged as various industries began to recognize the economic and environmental benefits of recycling plastics, with major companies like Veolia and SUEZ stepping up their operations globally.
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Technological advancements have played a crucial role in expanding the plastics recycling plants market from 2018 to 2022. More efficient sorting, cleaning, and processing methods have contributed to higher recycling rates. Moreover, the growth of the e-commerce sector and increased packaging waste have driven more demand for recycling facilities. Additionally, growing awareness among consumers and industries about the environmental impacts of plastic waste has pushed governments to implement more rigid policies, which has had a positive effect on the market. Newer recycling technologies, including chemical recycling and enhanced mechanical recycling methods, have further boosted recycling capabilities, providing plant operators with more opportunities to scale up operations.
The demand for plastics recycling plants from 2023 to 2033 is expected to experience a significant increase. As governments around the world set ambitious sustainability targets and phase out single-use plastics, the market is projected to grow exponentially. Industry experts anticipate a rise in demand for advanced recycling technologies capable of handling a wider variety of plastics, including those previously considered non-recyclable. Furthermore, the integration of artificial intelligence (AI) and robotics into recycling facilities is expected to improve operational efficiency and reduce costs. These innovations will not only enhance the processing capacity of plastics recycling plants but also expand the types of plastics that can be processed effectively.
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Coparm
Bezner
NM Heilig
Kiverco
CP Manufacturing
Metso
PCI Equipment
Krause Manufacturing
MHM Recycling
Komptech Americas
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Plastics Recycling Plants Market
Food
Chemical
Daily Necessities
Based on Types the Market is categorized into Below types that held the largest Plastics Recycling Plants market share In 2023.
Shears
Balers
Separators
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Plastics Recycling Plants Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Plastics Recycling Plants Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Plastics Recycling Plants Market, By Type
6. Global Plastics Recycling Plants Market, By Application
7. Global Plastics Recycling Plants Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Plastics Recycling Plants Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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