Canada Plastic To Fuel Market Size & Outlook, 2023-2030
Canada plastic to fuel market, 2018-2030 (US$M)
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Canada plastic to fuel market highlights
- The Canada plastic to fuel market generated a revenue of USD 32.4 million in 2023 and is expected to reach USD 146.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 24% from 2024 to 2030.
- In terms of segment, pyrolysis was the largest revenue generating technology in 2023.
- Depolymerization is the most lucrative technology segment registering the fastest growth during the forecast period.
Plastic to fuel market data book summary
| Market revenue in 2023 | USD 32.4 million |
| Market revenue in 2030 | USD 146.2 million |
| Growth rate | 24% (CAGR from 2023 to 2030) |
| Largest segment | Pyrolysis |
| Fastest growing segment | Depolymerization |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pyrolysis, Depolymerization, Gasification |
| Key market players worldwide | Plastic2Oil Inc, Neste OYJ, Agilyx ASA Ordinary Shares |
Other key industry trends
- In terms of revenue, Canada accounted for 6.1% of the global plastic to fuel market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. plastic to fuel market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 7.7 million by 2030.
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Plastic To Fuel Market Scope
Plastic To Fuel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada plastic to fuel 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 plastic to fuel market will help companies and investors design strategic landscapes.
Pyrolysis was the largest segment with a revenue share of 83.33% in 2023. Horizon Databook has segmented the Canada plastic to fuel market based on pyrolysis, depolymerization, gasification covering the revenue growth of each sub-segment from 2018 to 2030.
Waste management is of vital importance in Canada, especially for plastics. The demand for plastics is growing significantly in the country, owing to which plastic waste generation has also increased. Poor management of plastic waste in the country contributes to economic inefficiencies and environmental pollution.
High consumer disposable incomes and rising demand for consumer goods have led to higher plastics waste generation levels from the residential sector, including sewage areas. Since, a majority of the plastic waste in the country is dumped in landfills hence market players have found a way to convert plastics waste that are headed for landfills, into fuels such as gasoline, diesel fuels.
For instance, In August 2019, a Canadian firm found a way to convert plastics to fuel. The facility is located at Whitby, Toronto, which can convert 5 tonnes of plastics into 4000 litres of fuel.
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Our clientele includes a mix of plastic to fuel market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada plastic to fuel market , including forecasts for subscribers. This country databook contains high-level insights into Canada plastic to fuel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada plastic to fuel market size, by technology, 2018-2030 (US$M)
Canada Plastic To Fuel Market Outlook Share, 2023 & 2030 (US$M)
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