Thailand Recycled Plastics Market Size & Outlook
Thailand recycled plastics market, 2018-2030 (US$M)
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Thailand recycled plastics market highlights
- The Thailand recycled plastics market generated a revenue of USD 557.2 million in 2023 and is expected to reach USD 974.9 million by 2030.
- The Thailand market is expected to grow at a CAGR of 8.3% 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 557.2 million |
| Market revenue in 2030 | USD 974.9 million |
| Growth rate | 8.3% (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, Thailand accounted for 1.1% 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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Thailand 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 28.68% in 2023. Horizon Databook has segmented the Thailand recycled plastics market based on polyethylene, polyethylene terephthalate, polypropylene, polyvinyl chloride, polystyrene covering the revenue growth of each sub-segment from 2018 to 2030.
In 2018, Thailand government has launched the Plastic Waste Management plan with an aim of using 100% recycled plastics by 2027. The country is planning to ban the plastics bags less than 36 microns, Styrofoam in food packaging, and plastic cups & straws by 2022.
According to the Thailand Department of Environmental Quality Promotion, the country produces 27.04 million tons of plastic waste each yearThe demand for recycled plastics in building & construction application segment is increasing.
This is anticipated to drive the market growth over the forecast period. Increasing disposable income and rise in infrastructural development activities, especially in residential and public sectors, are expected to boost building & construction industry, thereby boosting recycled plastics market over the forecast period.
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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 Thailand recycled plastics market , including forecasts for subscribers. This country databook contains high-level insights into Thailand recycled plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand recycled plastics market size, by product, 2018-2030 (US$M)
Thailand Recycled Plastics Market Outlook Share, 2023 & 2030 (US$M)
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