Italy Recycled Plastics Market Size & Outlook, 2023-2030
Italy recycled plastics market, 2018-2030 (US$M)
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Italy recycled plastics market highlights
- The Italy recycled plastics market generated a revenue of USD 1,569.8 million in 2023 and is expected to reach USD 2,935.3 million by 2030.
- The Italy market is expected to grow at a CAGR of 9.4% 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 1,569.8 million |
| Market revenue in 2030 | USD 2,935.3 million |
| Growth rate | 9.4% (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, Italy accounted for 3.2% 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 Europe, Germany recycled plastics market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 2,233.1 million by 2030.
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Recycled Plastics Market Scope
Recycled Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy 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 32.95% in 2023. Horizon Databook has segmented the Italy recycled plastics market based on polyethylene, polyethylene terephthalate, polypropylene, polyvinyl chloride, polystyrene covering the revenue growth of each sub-segment from 2018 to 2030.
Italy ranks sixth in Europe in terms of automotive production, and automotive companies in Italy have invested an average of 12.6% of their revenues on research & development activities. The country has various luxury automobile manufacturers with the rising trend of companies launching electric vehicles is expected to drive the demand for recycled plastics over the forecast period.
According to report, Italy has recycling rate of 72% recycling rate. Italy generates around 175 million tonnes of waste. The plastic recycling market in Italy is quite active and involves more than 350 companies. These companies include waste collectors, sorters, and industrial waste handlers. The Northwest region, notably Lombardy, is the hub of mechanical recycling plants and accounts for almost 40% of the country's total.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy recycled plastics market , including forecasts for subscribers. This country databook contains high-level insights into Italy recycled plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy recycled plastics market size, by product, 2018-2030 (US$M)
Italy Recycled Plastics Market Outlook Share, 2023 & 2030 (US$M)
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