Malaysia Recycled Plastics Market Size & Outlook
Malaysia recycled plastics market, 2018-2030 (US$M)
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Malaysia recycled plastics market highlights
- The Malaysia recycled plastics market generated a revenue of USD 752.9 million in 2023 and is expected to reach USD 1,331.6 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 8.5% 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.
Recycled plastics market data book summary
| Market revenue in 2023 | USD 752.9 million |
| Market revenue in 2030 | USD 1,331.6 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene |
| Fastest growing segment | Polyethylene Terephthalate |
| 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, Malaysia accounted for 1.5% 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 Asia Pacific, China recycled plastics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 8,335.5 million by 2030.
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Recycled Plastics Market Scope
Recycled Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Malaysia 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 35.78% in 2023. Horizon Databook has segmented the Malaysia recycled plastics market based on polyethylene, polyethylene terephthalate, polypropylene, polyvinyl chloride, polystyrene covering the revenue growth of each sub-segment from 2018 to 2030.
Domestic plastic waste and import of plastic waste have become a major problem for Malaysia. After the China ban on import of plastic waste, Malaysia became the plastic dumping ground for developing countries. In order to tackle this situation, the country has started working toward the framework of proper plastic recycling facilities.
The recycling rate of plastic waste in Malayasia has gone up from 10.7% in 2013 to 31.5% in 2021. The ministry of Economy Malaysia has the plans that includes aspirations for introducing integrated waste management facilities, controlling waste imports and exports, minimising single-use plastics and packaging materials. A 40% recycling rate target by 2025 has been set.
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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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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 Malaysia recycled plastics market , including forecasts for subscribers. This country databook contains high-level insights into Malaysia recycled plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Malaysia recycled plastics market size, by product, 2018-2030 (US$M)
Malaysia Recycled Plastics Market Outlook Share, 2023 & 2030 (US$M)
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