Europe Plastics Recycling Plants Market was valued at USD 8 Billion in 2022 and is projected to reach USD 20 Billion by 2030, growing at a CAGR of 12% from 2024 to 2030.
The plastics recycling plants market in Europe is growing rapidly as industries increasingly focus on sustainable practices and environmental responsibility. Plastics recycling involves the processing of plastic waste into reusable material, which is essential for reducing the environmental impact of plastic waste and conserving resources. As European nations tighten regulations on plastic waste management, the demand for recycling facilities is escalating. The adoption of circular economy principles has further fueled this growth, with industries aiming to reduce their carbon footprint and achieve sustainability goals.
In Europe, there are various types of plastics recycling plants based on their capacity and technological sophistication. Mechanical recycling plants, which dominate the market, are designed to process plastics like PET, HDPE, and PVC through grinding, washing, and re-melting processes. On the other hand, chemical recycling plants focus on breaking down plastic waste into basic chemicals that can be used to produce new plastics. The increasing requirement for advanced recycling technologies has led to a rise in investments in both mechanical and chemical recycling solutions. For example, new developments in pyrolysis technology are helping recycle complex plastic waste that cannot be processed through conventional methods.
Industries across Europe are particularly looking to plastics recycling plants to meet sustainability mandates and reduce raw material costs. The automotive, packaging, and electronics industries are the primary drivers behind the demand for recycled plastics. In the automotive sector, manufacturers are incorporating more recycled plastics in vehicle production to reduce the environmental footprint. Similarly, the packaging industry is adopting recycled materials to meet consumer demands for eco-friendly products and comply with strict regulations. The electronics sector is also exploring ways to incorporate recycled plastics into the production of gadgets and devices.
Governments in Europe are also playing a crucial role by providing incentives and funding for the development of plastics recycling plants. Policies such as extended producer responsibility (EPR) have forced manufacturers to take accountability for the lifecycle of their products, including recycling. These regulations push companies to invest in sustainable practices, including the construction of new recycling plants to manage the increasing volume of plastic waste.
As the demand for recycled plastics continues to surge, the plastics recycling plants market in Europe is expected to expand further. With the support of both governmental policies and industry initiatives, Europe is positioning itself as a leader in the global effort to reduce plastic waste and create a more sustainable future.
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Coparm
Bezner
NM Heilig
Kiverco
CP Manufacturing
Metso
PCI Equipment
Krause Manufacturing
MHM Recycling
Komptech Americas
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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 Europe Plastics Recycling Plants Market
Post-Consumer Plastics
Post-Industrial Plastics
Mixed Plastics
Plastic Waste from Manufacturing Processes
Mechanical Recycling
Chemical Recycling
Thermal Recycling
Biological Recycling
Recycled Resin Pellets
Reprocessed Plastics
Plastic End-Products (e.g., bottles, containers)
Raw Material for New Products
Packaging Industry
Automotive Industry
Construction Sector
Consumer Goods
Electronics
Small-Scale Plants
Medium-Scale Plants
Large-Scale Plants
High-Capacity Facilities
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe 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. Europe Plastics Recycling Plants Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Plastics Recycling Plants Market, By Type
6. Europe Plastics Recycling Plants Market, By Application
7. Europe Plastics Recycling Plants Market, By Geography
Europe
Germany
UK
France
8. Europe Plastics Recycling Plants Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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