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Growth Opportunities in the Circular Economy of Plastic Packaging Recycling in LATAM
Extended Producer Responsibility Legislation and Recycling Targets Drive Investments in Recycling Infrastructure and the Transition to a Circular Economy
30-Dec-2022
Latin America
Market Research
K879-01-00-00-00
EN01367-LA-MT_27376
Latin America faces waste management problems, specifically plastic packaging waste—with annual volumes estimated to be nearly 13.1 million tonnes in 2022 and forecasted to reach 19.7 million tonnes by 2030. As recycling rates in the region do not exceed 10%, the consequences of plastic packaging become evident in the high levels of plastic in landfills, soil, and water. Marine pollution by plastics increases and different governments and organizations already work to find a solution, especially in the context of new transformative megatrends such as sustainability and the circular economy. Plastic recycling rates will increase by up to 16% in the region by 2030 but finding solutions to minimize the generation of virgin plastic, incorporating recycled materials into production, and innovation in recycling technologies will be the focus of the next five years.
This study identifies the companies to watch in the Latin American plastic packaging recycling industry and provides an analysis of the factors that will drive and restrain its growth, with a special focus on the segments of collection and handling, recycling, and landfill for plastic waste. Additionally, it provides revenue forecasts and forecast analyses and determines the growth opportunities that will emerge from this space that market participants can leverage. The Latin American plastic packaging reuse and recycling industry is estimated to be $1.05 billion in 2022 and is expected to register a 9.5% CAGR by 2030. The base year is 2022, and the forecast period is 2023 to 2030.
Author: Victoria Courtade
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Plastic Recycling Market
Growth Opportunities Fuel the Growth Pipeline Engine™
Research Scope
Market Segmentation
Definition by Material and Research Coverage
Growth Metrics
Growth Drivers
Growth Restraints
Revenue Forecast
Volume Forecast
Plastic Credits
Plastic Credits (continued)
Overview of Key Plastic Indicators—LATAM
Country Snapshot—Argentina’s Plastic Waste Recycling and Management
Argentina
Plastic Recycling Case Studies and Companies to Watch—Argentina
Country Snapshot—Brazil’s Plastic Waste Recycling and Management
Brazil
Plastic Recycling Case Studies and Companies to Watch—Brazil
Plastic Recycling Case Studies and Companies to Watch—Brazil (continued)
Country Snapshot—Chile’s Plastic Waste Recycling and Management
Chile
EPR in Chile
Plastic Recycling Case Studies and Companies to Watch—Chile
Country Snapshot—Colombia’s Plastic Waste Recycling and Management
Colombia
Plastic Recycling Case Studies and Companies to Watch—Colombia
Country Snapshot—Mexico’s Plastic Waste Recycling and Management
Mexico
Plastic Recycling Case Studies and Companies to Watch—Mexico
Country Snapshot—ROLAM’s Plastic Waste Recycling and Management
ROLAM
Plastic Recycling Case Studies and Companies to Watch—ROLAM
Stakeholders
Circular Value Chain
Growth Opportunity 1: Mechanical Recycling to Increase Plastic Reuse Rates
Growth Opportunity 1: Mechanical Recycling to Increase Plastic Reuse Rates (continued)
Growth Opportunity 2: Chemical Recycling to Address Plastics That Do Not Undergo Recycling
Growth Opportunity 2: Chemical Recycling to Address Plastics That Do Not Undergo Recycling (continued)
Growth Opportunity 3: Deposit Return Schemes and Extended Product Responsibility to Increase Circularity
Growth Opportunity 3: Deposit Return Schemes and Extended Product Responsibility to Increase Circularity (continued)
List of Exhibits
Legal Disclaimer
List of Figures
- Plastic Recycling Market: Growth Metrics, Latin America, 2022
- Plastic Recycling Market: Growth Drivers, LATAM, 2023–2030
- Plastic Recycling Market: Growth Restraints, LATAM, 2023–2030
- Plastic Recycling Market: Revenue Forecast, Latin America, 2022–2030
- Plastic Recycling Market: Volume Forecast, Latin America, 2022–2030
- Plastic Recycling Market: Verra’s Plastic Standard Project, 2022
- Plastic Recycling Market: Unplastify Certification Steps, 2022
- Plastic Recycling Market: Overview of Key Metrics by Country, LATAM, 2022
- Plastic Recycling Market: Revenue Forecast, Argentina, 2022–2030
- Plastic Recycling Market: Revenue Forecast, Brazil, 2022–2030
- Plastic Recycling Market: Revenue Forecast, Chile, 2022–2030
- Plastic Recycling Market: Plastic Collection and Recovery Goals, Chile, 2022
- Plastic Recycling Market: Revenue Forecast, Colombia, 2022–2030
- Plastic Recycling Market: Revenue Forecast, Mexico, 2022–2030
- Plastic Recycling Market: Revenue Forecast, ROLAM, 2022–2030
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