Canada Recycled Plastics Market Size & Outlook, 2023-2030
Canada recycled plastics market, 2018-2030 (US$M)
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Canada recycled plastics market highlights
- The Canada recycled plastics market generated a revenue of USD 4,655.0 million in 2023 and is expected to reach USD 8,515.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 9% 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 4,655.0 million |
| Market revenue in 2030 | USD 8,515.1 million |
| Growth rate | 9% (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, Canada accounted for 9.6% 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 North America, Canada recycled plastics market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 8,515.1 million by 2030.
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Recycled Plastics Market Scope
Recycled Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 32.13% in 2023. Horizon Databook has segmented the Canada recycled plastics market based on polyethylene, polyethylene terephthalate, polypropylene, polyvinyl chloride, polystyrene covering the revenue growth of each sub-segment from 2018 to 2030.
Plastic recycling rate in Canada is low as the country is one of the biggest producers of crude oil globally. Declining prices of crude oil are making the production of plastics more economical than recycling plastics.
The country produces 3 million tons of plastic waste per year. It recycles only 9% of the overall plastic waste, rest ends up in landfills, waste to energy facilities or the environment. Plastic waste and marine litter burdens our economy and threatens the health of the environment including wildlife, rivers, lakes and oceans. Canada has also adopted zero plastic waste agenda.
Canada's Ghost Gear Fund aids in the recovery and responsible disposal of harmful ghost gear from the ocean, benefiting environmental groups, fish harvesters, the aquaculture industry, coastal communities, and Indigenous communities while promoting recycling back into the economy.
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Target buyers of Canada 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 country-level data and insights on the Canada recycled plastics market , including forecasts for subscribers. This country databook contains high-level insights into Canada recycled plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada recycled plastics market size, by product, 2018-2030 (US$M)
Canada Recycled Plastics Market Outlook Share, 2023 & 2030 (US$M)
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