Global Circular Economy of Chemical Recycling of Plastic Packaging

Global Circular Economy of Chemical Recycling of Plastic Packaging

Transformative Mega Trends Drive the Growth of Complementary Solutions to the Mechanical Recycling of Plastic Packaging Waste

RELEASE DATE
02-Aug-2023
REGION
Global
Deliverable Type
Market Research
Research Code: MH00-01-00-00-00
SKU: TEMP_2023_74
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Description

This research service provides a comprehensive analysis of the chemical recycling of plastic packaging market. Chemical recycling is an important complementary solution to the well-established mechanical recycling of plastic packaging, enabling the processing of hard-to-recycle, mixed, and contaminated plastic waste. Chemical recycling offers a much-needed opportunity to eliminate incineration and landfill disposals, supporting the circular economy of plastic packaging and limiting the consumption of raw materials.

The market presents a high potential for development in the upcoming years, offering promising upgrades to plastic waste management. The global chemical recycling of plastic packaging market was worth $0.73 billion in 2022 and is projected to have a significant compound annual growth rate (CAGR) of 43.5% between 2022 and 2030, reaching $13.08 billion by 2030.

The study analyzes the prospects of different chemical recycling technologies (including plastic-to-fuel and plastic-to-plastic), examining regional markets and their readiness to adopt such solutions. It provides a comprehensive analysis of the stakeholder value chain and identifies the key factors driving and restraining growth. A list of the key companies in each market segment, examples of use cases, and an overview of companies to watch have also been provided. The study concludes by highlighting some key growth opportunities emerging from the development of chemical recycling globally for stakeholders and market players to leverage.

Author: Paulina Blaszczyk

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Chemical Recycling of Plastic Packaging

Growth Opportunities Fuel the Growth Pipeline Engine™

Key Findings

6P Framework for the Future of Sustainability and a Circular Economy—More with Less

The Role of Key Stakeholders in the Development of Plastic Packaging and Circular Economy Chemical Recycling

The Role of Key Stakeholders in the Development of Plastic Packaging and Circular Economy Chemical Recycling (continued)

Chemical Recycling to Become a Complementary Solution to the Plastic Packaging Circular Economy

Key Chemical Recycling Processes in the Circular Economy of Plastic Packaging (P2F)

Key Chemical Recycling Processes in the Circular Economy of Plastic Packaging (P2P)

The Benefits of Chemical Recycling for Recycling a Broad Range of Plastic Packaging

Key Components of Well-integrated Chemical Recycling Across the Plastic Manufacturing Value Chain and Circular Economy

Growth Metrics

Growth Drivers

Growth Restraints

Chemical Recycling of Plastic Packaging—Volume Forecast

Key Contributors to the Global Chemical Recycling of Plastic Packaging Capacity

Chemical Recycling of Plastic Packaging—Revenue Forecast

Investment Opportunites by Key Chemical Recycling Processes

Overview of Regional Opportunities—Europe

Overview of Regional Opportunities—North America (NA)

Overview of Regional Opportunities—Latin America (LatAm)

Overview of Regional Opportunities—Middle East and Africa (MEA)

Overview of Regional Opportunities—Asia-Pacific (APAC)

Overview of Key Stakeholders in the Chemical Recycling Value Chain—Growth Accelerators

Key Stakeholders Involved in the Chemical Recycling Value Chain

Key Stakeholders Involved in the Chemical Recycling Value Chain (continued)

Opportunity Mapping

How Do Stakeholders Benefit from the Development of Plastic Packaging Chemical Recycling?

How Do Stakeholders Benefit from the Development of Plastic Packaging Chemical Recycling? (continued)

How Do Stakeholders Benefit from the Development of Plastic Packaging Chemical Recycling? (continued)

How Do Stakeholders Benefit from the Development of Plastic Packaging Chemical Recycling? (continued)

Companies to Watch—Technology Providers

Companies to Watch—Technology Providers (continued)

Companies to Watch—Technology Providers (continued)

Use Cases—Examples of Chemical Recycling Capacity Development

Use Cases—Examples of Chemical Recycling Capacity Development (continued)

Use Cases—Examples of Chemical Recycling Capacity Development (continued)

Growth Opportunity 1: P2F Recycling

Growth Opportunity 1: P2F Recycling (continued)

Growth Opportunity 2: Food-grade P2P Recycling

Growth Opportunity 2: Food-grade P2P Recycling (continued)

Growth Opportunity 3: Pre-chemical Mechanical Material Processing Technologies

Growth Opportunity 3: Pre-chemical Mechanical Material Processing Technologies (continued)

Growth Opportunity 4: Digital Circularity Platforms and Blockchain for Track-Trace-Certify

Growth Opportunity 4: Digital Circularity Platforms and Blockchain for Track-Trace-Certify (continued)

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

This research service provides a comprehensive analysis of the chemical recycling of plastic packaging market. Chemical recycling is an important complementary solution to the well-established mechanical recycling of plastic packaging, enabling the processing of hard-to-recycle, mixed, and contaminated plastic waste. Chemical recycling offers a much-needed opportunity to eliminate incineration and landfill disposals, supporting the circular economy of plastic packaging and limiting the consumption of raw materials. The market presents a high potential for development in the upcoming years, offering promising upgrades to plastic waste management. The global chemical recycling of plastic packaging market was worth $0.73 billion in 2022 and is projected to have a significant compound annual growth rate (CAGR) of 43.5% between 2022 and 2030, reaching $13.08 billion by 2030. The study analyzes the prospects of different chemical recycling technologies (including plastic-to-fuel and plastic-to-plastic), examining regional markets and their readiness to adopt such solutions. It provides a comprehensive analysis of the stakeholder value chain and identifies the key factors driving and restraining growth. A list of the key companies in each market segment, examples of use cases, and an overview of companies to watch have also been provided. The study concludes by highlighting some key growth opportunities emerging from the development of chemical recycling globally for stakeholders and market players to leverage. Author: Paulina Blaszczyk
More Information
Deliverable Type Market Research
Author Paulina Blaszczyk
Industries Industrial Automation
No Index No
Is Prebook No
Keyword 1 Plastic Waste Management
Keyword 2 Packaging Europe
Keyword 3 Packaging Waste
Podcast No
WIP Number MH00-01-00-00-00