Canada Solvent-based Plastic Recycling Market Size & Outlook
Canada solvent-based plastic recycling market, 2018-2030 (US$M)
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Canada solvent-based plastic recycling market highlights
- The Canada solvent-based plastic recycling market generated a revenue of USD 69.6 million in 2024 and is expected to reach USD 100.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.4% from 2025 to 2030.
- In terms of segment, polystyrene was the largest revenue generating product in 2024.
- Polyethylene is the most lucrative product segment registering the fastest growth during the forecast period.
Solvent-based plastic recycling market data book summary
| Market revenue in 2024 | USD 69.6 million |
| Market revenue in 2030 | USD 100.7 million |
| Growth rate | 6.4% (CAGR from 2024 to 2030) |
| Largest segment | Polystyrene |
| Fastest growing segment | Polyethylene |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polystyrene, Polyethylene Terephthalate, Polyethylene, Polyvinyl Chloride, Polypropylene |
| Key market players worldwide | Solvay SA, Sulzer AG, Trinseo PLC, Procter & Gamble Co, PureCycle Technologies Inc Ordinary Shares, APK, Fraunhofer-Gesellschaft, Saperatec |
Other key industry trends
- In terms of revenue, Canada accounted for 10.5% of the global solvent-based plastic recycling market in 2024.
- Country-wise, Germany is expected to lead the global market in terms of revenue in 2030.
- In North America, Canada solvent-based plastic recycling 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 100.7 million by 2030.
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Solvent-based Plastic Recycling Market Scope
Solvent-based Plastic Recycling Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada solvent-based plastic recycling 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 solvent-based plastic recycling market will help companies and investors design strategic landscapes.
Polystyrene was the largest segment with a revenue share of 45.83% in 2024. Horizon Databook has segmented the Canada solvent-based plastic recycling market based on polystyrene, polyethylene terephthalate, polyethylene, polyvinyl chloride, polypropylene covering the revenue growth of each sub-segment from 2018 to 2030.
The solvent-based plastic recycling rate in Canada is low as the country is one of the biggest producers of crude oil globally. The country produces 3.3 million tons of plastic waste per year. It recycles only 9% of the overall plastic waste, 86% of the plastic waste ends up in landfills, and the remaining 3% is burnt to produce energy, further adding to carbon emissions.
Various environmental agencies such as Environmental Defense, Canadian Environmental Law Association, Ontario Nature, Living Oceans, Coastal Restoration Society, Rain Coast, eco superior, WCS Canada, and Surf rider Foundation have proposed a framework to the Canadian government.
This framework focuses on reducing plastic waste and increasing the plastic recycling rate by 85% by 2030. Mixed Waste Disposal, Post Plastics, Paradise Distribution & Recycling, and Polymer Recycle, Inc. are some of the companies engaged in the collection and solvent-based recycling of plastic waste in the country.
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Our clientele includes a mix of solvent-based plastic recycling market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada solvent-based plastic recycling market , including forecasts for subscribers. This country databook contains high-level insights into Canada solvent-based plastic recycling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada solvent-based plastic recycling market size, by product, 2018-2030 (US$M)
Canada Solvent-based Plastic Recycling Market Outlook Share, 2024 & 2030 (US$M)
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