Brazil Recycled Plastics Market Size & Outlook, 2023-2030
Brazil recycled plastics market, 2018-2030 (US$M)
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Brazil recycled plastics market highlights
- The Brazil recycled plastics market generated a revenue of USD 762.3 million in 2023 and is expected to reach USD 1,311.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, polyethylene was the largest revenue generating product in 2023.
- Polypropylene is the most lucrative product segment registering the fastest growth during the forecast period.
Recycled plastics market data book summary
| Market revenue in 2023 | USD 762.3 million |
| Market revenue in 2030 | USD 1,311.5 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Polyethylene |
| Fastest growing segment | Polypropylene |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 1.6% of the global recycled plastics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil recycled plastics market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,311.5 million by 2030.
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Recycled Plastics Market Scope
Recycled Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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.
Polyethylene was the largest segment with a revenue share of 31.73% in 2023. Horizon Databook has segmented the Brazil recycled plastics market based on polyethylene, polyethylene terephthalate, polypropylene, polyvinyl chloride, polystyrene covering the revenue growth of each sub-segment from 2018 to 2030.
According to the World Wide Fund for Nature, the country produces 11.3 million tons of plastics waste, of which only 2% is recycled. Most of the plastic waste in the country ends up in landfills and open dumps, leading to increased carbon emission levels and rise in pollution levels.
Brazil faces major challenges in recycling and tackling the plastic waste due to the lack of recycling infrastructure in the country. In the recent past, the country has witnessed floods due to plastic waste accumulation in the river streams. The country has huge potential for recycled plastics as these would solve both the plastic waste problem as well as floods occurring due to plastic waste in water bodies.
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Target buyers of Brazil 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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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 Brazil recycled plastics market , including forecasts for subscribers. This country databook contains high-level insights into Brazil recycled plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil recycled plastics market size, by product, 2018-2030 (US$M)
Brazil Recycled Plastics Market Outlook Share, 2023 & 2030 (US$M)
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