Latin America Recycled Plastics Market Size & Outlook
Latin America recycled plastics market, 2018-2030 (US$M)
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Latin America recycled plastics market highlights
- The Latin America recycled plastics market generated a revenue of USD 1,818.8 million in 2023.
- The market is expected to grow at a CAGR of 7.6% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,818.8 million |
| Market revenue in 2030 | USD 3,038.8 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Polyethylene |
| Fastest growing segment | Polypropylene |
| 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, Latin America region accounted for 3.7% 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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Latin America 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 31.65% in 2023. Horizon Databook has segmented the Latin America recycled plastics market based on polyethylene, polyethylene terephthalate, polypropylene, polyvinyl chloride, polystyrene covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America includes countries such as Brazil, Argentina, Peru, Chile, Venezuela, Ecuador, and few others. According to the UN Environment Programme, Peru generates 1,800 tons of plastic waste every day. The country has launched ponchilas project, which produces school bags from recycled plastics.
It has already produced thousands of plastic bags by recycling approximately one million plastic bottles. These bags are distributed among the children before the school opening every year in various provinces namely Puno, Arequipa, Cusco, Ayacucho, Huancavelica, and Apurímac.
According to report of recycling republic, in May 2023, a global nongovernmental organization (NGO) focused on solving environmental challenges, has formed a strategic partnership with three large consumer packaged goods companies to reduce plastic pollution in the global South, starting in Argentina, Brazil and Indonesia.
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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 continent-level data and insights on the Latin America recycled plastics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America recycled plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America recycled plastics market size, by country, 2018-2030 (US$M)
Latin America Recycled Plastics Market Outlook Share, 2023 & 2030 (US$M)
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