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

RELEASE DATE
11-Sep-2023
REGION
Global
Research Code: PEBC-01-00-00-00
SKU: CM_2023_129
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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

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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)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

Legal Disclaimer

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.--BEGIN PROMO--

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
More Information
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