South Africa Chemical Recycling Of Plastics Market Size & Outlook
South Africa chemical recycling of plastics market, 2018-2030 (US$M)
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South Africa chemical recycling of plastics market highlights
- The South Africa chemical recycling of plastics market generated a revenue of USD 166.3 million in 2023 and is expected to reach USD 215.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.7% from 2024 to 2030.
- In terms of segment, depolymerization was the largest revenue generating type in 2023.
- Depolymerization is the most lucrative type segment registering the fastest growth during the forecast period.
Chemical recycling of plastics market data book summary
| Market revenue in 2023 | USD 166.3 million |
| Market revenue in 2030 | USD 215.0 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Depolymerization |
| Fastest growing segment | Depolymerization |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Depolymerization, Dissolution, Conversion |
| Key market players worldwide | Agilyx ASA Ordinary Shares, Basf SE, INEOS, Veolia Environnement SA, Eastman Chemical Co, SABIC, LyondellBasell Industries NV Class A, Maire Tecnimont, Recycling Technologies, JEPLAN |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.3% of the global chemical recycling of plastics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia chemical recycling of plastics market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 502.8 million by 2030.
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Chemical Recycling Of Plastics Market Scope
Chemical Recycling Of Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa chemical recycling of plastics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to chemical recycling of plastics market will help companies and investors design strategic landscapes.
Depolymerization was the largest segment with a revenue share of 46.66% in 2023. Horizon Databook has segmented the South Africa chemical recycling of plastics market based on depolymerization, dissolution, conversion covering the revenue growth of each sub-segment from 2018 to 2030.
Plastic recycling initiatives in South Africa have gained momentum with various organizations and government efforts aimed at tackling plastic pollution and promoting sustainable waste management practices.
For instance, the United Nations Industrial Development Organisation (UNIDO) and WWF South Africa are leading a five-year project aimed at developing circular plastic packaging and systems to reduce plastic pollution from the food and beverage industry.
This project focuses on implementing upstream and midstream interventions in the plastic packaging value chain, emphasizing the need for a system change involving reduced demand for plastics, increased circularity through collection and recycling, and proper end-of-life management.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa chemical recycling of plastics market , including forecasts for subscribers. This country databook contains high-level insights into South Africa chemical recycling of plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa chemical recycling of plastics market size, by type, 2018-2030 (US$M)
South Africa Chemical Recycling Of Plastics Market Outlook Share, 2023 & 2030 (US$M)
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