Growth Opportunities in the Circular Economy of Plastic Packaging Recycling in LATAM

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

RELEASE DATE
30-Dec-2022
REGION
Latin America
Research Code: K879-01-00-00-00
SKU: EN01367-LA-MT_27376
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Description

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

Table of Contents

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

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
More Information
Author Victoria Courtade
Industries Environment
No Index No
Is Prebook No
Podcast No
WIP Number K879-01-00-00-00