Asia Pacific Recycled Plastics Market Size & Outlook
Asia Pacific recycled plastics market, 2018-2030 (US$M)
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Asia Pacific recycled plastics market highlights
- The Asia Pacific recycled plastics market generated a revenue of USD 24,801.9 million in 2023.
- The market is expected to grow at a CAGR of 9.9% from 2024 to 2030.
- In terms of segment, polypropylene was the largest revenue generating product in 2023.
- Polyethylene Terephthalate is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 24,801.9 million |
| Market revenue in 2030 | USD 48,006.5 million |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene |
| Fastest growing segment | Polyethylene Terephthalate |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene |
| Key market players worldwide | Rethmann AG & Co. KG, Biffa, Stericycle Inc, Republic Services Inc, Waste Management Inc, Veolia Environnement SA, Shell PLC, Waste Connections Inc, Clean Harbors Inc, Covestro AG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 50.9% of the global recycled plastics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 48,006.5 million by 2030.
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Recycled Plastics Market Scope
Recycled Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific recycled 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 recycled plastics market will help companies and investors design strategic landscapes.
Polypropylene was the largest segment with a revenue share of 27.1% in 2023. Horizon Databook has segmented the Asia Pacific recycled plastics market based on polyethylene, polyethylene terephthalate, polypropylene, polyvinyl chloride, polystyrene covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific dominated the global recycled plastics market owing to the rising demand from various industries such as building & construction, packaging, electrical & electronics, textiles, and automotive, which are more inclined toward the adoption of recycled plastics. After the ban on plastic import by China, many plastic recyclers have shifted their recycling facilities to Southeast Asian countries.
Recycled plastics are widely used to build roofing tiles, structural lumber, bricks, fences, PVC windows, concrete structures, and indoor insulation. Furthermore, the growing popularity of green and sustainable building projects in China and India, owing to the rising environmental concerns, is propelling the adoption of recycled plastics in building & construction industry.
Growing population, coupled with rapid urbanization and industrialization, especially in emerging economies, has encouraged governments to increase their construction spending for infrastructural development. Hence, the growing construction spending in the region is expected to create huge demand for recycled plastics.
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Target buyers of Asia Pacific recycled plastics market databook
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Our clientele includes a mix of recycled plastics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific recycled plastics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific recycled plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific recycled plastics market size, by country, 2018-2030 (US$M)
Asia Pacific Recycled Plastics Market Outlook Share, 2023 & 2030 (US$M)
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