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Growth Opportunities in a Circular Economy for Plastics
Growth Opportunities in a Circular Economy for Plastics
Increased Demand for Sustainable Solutions and Need to Make New Plastic Products with More Recycled Content Will Enhance the Growth Pipeline
11-Sep-2023
Global
Market Research
Description
This study will provide a comprehensive understanding of the circular economy for plastics by exploring two key areas: the market for recycled plastics and a qualitative analysis of methods to enhance plastics circularity. The research includes an overview of the demand for recycled PE, PP, PET, PVC, PA, and ABS in various industries. It expands on Frost & Sullivan's understanding of the demand for recycled plastics and their prospects in a circular economy framework.
The study discusses volume for each polymer type and each region from 2019 to 2029 and provides a seven-year forecast based on expected compound annual growth rates, with the base year of 2022 and a forecast period from 2023 to 2029.
The current size of the recycled plastics market is assessed based on factors such as circularity goals; legislative and consumer drivers; potential for material substitution; and shifting political, socioeconomic, regulatory, environmental, raw material, and technology trends. These factors, classified as growth drivers and restraints, are considered in the forecast analysis.
The study analyzes the increasing demand for products that prioritize sustainability and high performance, driving the growth of recycled plastics. Moreover, the study offers an in-depth analysis of the potential for substituting virgin plastics with recycled counterparts in various end-use applications. It also assesses the top growth opportunities for recycled plastics during the forecast period.
In addition to quantitative analysis, a qualitative assessment has been conducted on the concepts of reuse, different types of recycling methods available, and alternate feedstocks for plastics. Several case studies are mentioned and represent various reuse, recycling, and alternate feedstock cases. These cases provide an understanding of the diversity of thought in the circular economy for plastics and the various approaches manufacturers are taking to achieve circularity. This analysis provides insights into the feasibility and potential impact of implementing circular economy practices in the plastic industry.
Key Features
Objectives of Market Analysis for Recycled Plastics:
- Evaluate the current market size and growth potential for recycled plastics.
- Identify key market players, stakeholders, and their roles in driving plastic recycling initiatives.
- Analyze region-specific variations in the demand for recycled plastics.
- Assess market barriers, including economic, regulatory, and technological factors impacting the adoption of recycled plastics.
- Examine consumer attitudes and preferences toward recycled plastic products.
Objectives of Qualitative Analysis of Plastic Circularity Improvement:
- Review and analyze various methods and technologies aimed at improving the circularity of plastics, including mechanical recycling, chemical recycling, and alternative feedstocks.
- Assess the environmental, economic, and social implications of different plastic circularity improvement methods.
- Identify technological advancements, best practices, and innovative approaches that enhance plastic circularity.
- Analyze case studies and real-world examples of successful circularity initiatives in different industries and regions.
Market Segmentation by Polymer Type: recycled PE, recycled PP, recycled PET, recycled PVC, recycled PA, recycled ABS.
Regional Segmentation:
- Americas: United States, Canada, Latin America (including Mexico)
- Europe: Western Europe (27 EU countries, the United Kingdom, Norway, and Switzerland), Eastern Europe, and the Commonwealth of Independent States (CIS)
- Middle East, Africa, and South Asia (MEASA): Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Bahrain, Oman, and Qatar in the Middle East; African countries; and South Asian countries, such as India, Pakistan, Sri Lanka, and Bangladesh
- Asia-Pacific: China, Southeast Asia, Australia, New Zealand, Japan, and South Korea
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Circular Economy for Plastics
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Geographic Scope
Segmentation
Value Chain Analysis
Value Chain Analysis Discussion
Negative Impact of Recession on the Adoption of Plastic Recycling
Growth Metrics
Growth Drivers
Growth Restraints
Forecast Assumptions
Revenue and Volume Forecast
Volume Forecast Conservative Scenario vs. Frost Scenario
Revenue and Volume Forecast Analysis
Average Price Forecast
Average Price Forecast Analysis
Volume Forecast by Plastic
Revenue Forecast by Plastic
Revenue and Volume Forecast Analysis by Plastic
Revenue and Volume Forecast Analysis by Plastic (continued)
Volume Forecast by Recycling Technique
Volume Forecast by Region
Volume Forecast Analysis by Region
Volume Forecast Analysis by Region (continued)
Volume Forecast Analysis by Region (continued)
Volume Forecast Analysis by Region (continued)
Volume Forecast Analysis by Region (continued)
Circular Economy in Plastics—Driving Factors
Circular Economy in Plastics—Driving Factors (continued)
Preview: Circular Economy in Plastics—Key Challenges
Operational Challenges
Regulatory Challenges
Competitive Challenges
Reuse
Reuse by Reconditioning—Packaging
Reuse and the Right to Repair Electronics
Reuse and the Right to Repair Automotive Parts
Strategies to Accelerate Market Adoption of Reuse Models
Mechanical Recycling
Mechanical Recycling Strategies
Mechanical Recycling: Conversion of Plastic Packaging Products
Mechanical Recycling: Conversion of Construction Plastic Products
Mechanical Recycling: Conversion of Construction Plastic Products (continued)
Mechanical Recycling: Conversion of Electronic Products
Chemical Recycling
Chemical Recycling: Dissolution and Depolymerization
Dissolution Use Case: INEOS Styrolution
Dissolution Use Case: Agilyx
Dissolution Use Case: APK AG
Dissolution Use Case: PureCycle Technologies
Dissolution Use Case: Brightmark Energy
Dissolution Use Case: TotalEnergies Corbion
Depolymerization (Chemical) Use Case: BASF
Depolymerization (Chemical) Use Case: Mitsubishi Chemical
Depolymerization (Chemical) Use Case: TechnipFMC
Depolymerization (Pyrolysis) Use Case: LyondellBasell
Depolymerization (Pyrolysis) Use Case: Energent Technology
Strategies to Accelerate Market Adoption of Recycling
Alternative Feedstock
Alternate Feedstock: Bioplastics
Alternate Feedstock: First-generation Feedstock—Cargill
Alternate Feedstock: First-generation Feedstock—Braskem
Alternate Feedstock: First Generation—Roquette
Alternate Feedstock: Second Generation—Green Dot Bioplastics
Alternate Feedstock: Second Generation—BioLogiQ
Alternate Feedstock: Second Generation—FKuR Kunststoff GmbH
Alternate Feedstock: Third Generation—Newlight Technologies
Alternate Feedstock: Third Generation—Algix
Alternate Feedstock: Third Generation—Full Cycle Bioplastics
Alternate Feedstock: Carbon Dioxide—Covestro Polyurethanes
Alternate Feedstock: Carbon Dioxide—Braskem Polyolefins
Strategies to Accelerate Adoption of Alternate Feedstock
Growth Opportunity 1: Greater Collaboration Across the Value Chain to Accelerate Circular Product Development
Growth Opportunity 1: Greater Collaboration Across the Value Chain to Accelerate Circular Product Development (continued)
Growth Opportunity 2: Integrate Mechanical and Chemical Recycling Approaches to Improve Recycling Rates
Growth Opportunity 2: Integrate Mechanical and Chemical Recycling Approaches to Improve Recycling Rates (continued)
Growth Opportunity 3: Strengthen Collection, Cleaning, Sorting, and Transportation Logistics of Recycling Value Chain
Growth Opportunity 3: Strengthen Collection, Cleaning, Sorting, and Transportation Logistics of Recycling Value Chain (continued)
Growth Opportunity 4: Co-pyrolysis of Waste Biomass and Waste Plastic
Growth Opportunity 4: Co-pyrolysis of Waste Biomass and Waste Plastic (continued)
Growth Opportunity 5: Carbon Dioxide Valorization from Industrial Zones to Produce Plastics in Local Manufacturing Facilities
Growth Opportunity 5: Carbon Dioxide Valorization from Industrial Zones to Produce Plastics in Local Manufacturing Facilities (continued)
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Key Features
Objectives of Market Analysis for Recycled Plastics:
- Evaluate the current market size and growth potential for recycled plastics.
- Identify key market players, stakeholders, and their roles in driving plastic recycling initiatives.
- Analyze region-specific variations in the demand for recycled plastics.
- Assess market barriers, including economic, regulatory, and technological factors impacting the adoption of recycled plastics.
- Examine consumer attitudes and preferences toward recycled plastic products.
Objectives of Qualitative Analysis of Plastic Circularity Improvement:
- Review and analyze various methods and technologies aimed at improving the circularity of plastics, including mechanical recycling, chemical recycling, and alternative feedstocks.
- Assess the environmental, economic, and social implications of different plastic circularity improvement methods.
- Identify technological advancements, best practices, and innovative approaches that enhance plastic circularity.
- Analyze case studies and real-world examples of successful circularity initiatives in different industries and regions.
Market Segmentation by Polymer Type: recycled PE, recycled PP, recycled PET, recycled PVC, recycled PA, recycled ABS.
Regional Segmentation:
- Americas: United States, Canada, Latin America (including Mexico)
- Europe: Western Europe (27 EU countries, the United Kingdom, Norway, and Switzerland), Eastern Europe, and the Commonwealth of Independent States (CIS)
- Middle East, Africa, and South Asia (MEASA): Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Bahrain, Oman, and Qatar in the Middle East; African countries; and South Asian countries, such as India, Pakistan, Sri Lanka, and Bangladesh
- Asia-Pacific: China, Southeast Asia, Australia, New Zealand, Japan, and South Korea
| Deliverable Type | Market Research |
|---|---|
| Author | Aditya Krishnan |
| Industries | Chemicals and Materials |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Plastic Circular Economy |
| Keyword 2 | Circular Plastic Economy |
| Keyword 3 | Circular Economy Plastic Recycling |
| Podcast | No |
| Predecessor | MFC2-01-00-00-00 |
| WIP Number | PEBC-01-00-00-00 |