H1 2023: The prominent companies in the Europe Plastic Recycling market in H1 2023 were Masotina S.p.A, I.blu - Gruppo iren, and Montello S.p.A. Fost Plus inked a contract with Morssinkhof Plastics Belgium to build a new plastic recycling facility in April 2023. The plant will turn waste polypropylene, polyethylene, and HDPE packaging into raw materials for future packaging. The factory will have a recycling capacity of 40 thousand tonnes per year. Fost Plus plans to feed the plant with 24 thousand tonnes of PMD waste collected from Belgian homes. Polypropylene solutions such as ready-meal trays, yoghurt cups, and butter dishes, as well as HDPE bottles for milk, shampoo and conditioner, detergent, and shower gel, are said to be among its manufacturing capabilities. The plant will be operational in October 2024 and will recycle both polypropylene and polyethylene packaging. TotalEnergies announced the acquisition of Iber Resinas of Spain, a well-known name in the mechanical recycling of plastics, in May 2023. As a result of this transaction, TotalEnergies intended to increase its production of circular polymers in Europe, better its access to feedstock through Iber Resinas' supplier network and expand its offering of recycled items.
The Europe Plastic Recycling market stood at nearly 7.6 million tonnes in 2022 and is anticipated to grow at a healthy CAGR of 5.01% by 2030.
Because of their lightweight, resilient, and low-cost features, plastics have become increasingly popular, resulting in enormous trash that is harming the environment. Growing awareness of energy savings and the need to decrease one's carbon footprint are projected to boost demand for the plastic recycling market. Furthermore, increased demand for plastic recycling from other end-user industries such as packaging, pharmaceutical, food & drinks, vehicle, and so on is producing an exponential demand for plastic recycling in order to decrease the environmental burden. The increased pollution caused by the overuse of plastics, as well as the need to preserve energy, are expected to drive the need for plastic recycling in Europe. Europe's Plastic Recycling market is anticipated to reach approximately 11.2 million tonnes in 2030.
Based on type, the Europe Plastic Recycling market is divided into Polyethylene Terepthalate (PET), Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), and Others. Among these, Polyethylene (PE) is the major type and captured nearly 27% of the market in 2022. Polypropylene also holds significant market position.
Based on end-use, the Europe Plastic Recycling market is segregated into Packaging, Building and Construction, Textile, Automotive, Electrical and Electronics, and Others. However, Packaging industry is dominating the Europe Plastic Recycling market. This industry consumed approximately 41% of the Plastic Recycling market in 2022. Plastics like Polypropylene (PP), Polyurethane (PUR), Polyvinyl Chloride (PVC or Vinyl), and Acrylonitrile Butadiene Styrene (ABS) are used in the automotive sector. PP is used to make car bumpers, petrol cans and even carpet fibres in car's interior flooring.
Some of the major players in Europe Plastic Recycling market are Masotina S.p.A, A.M.P. Recycling Srl , I.blu - Gruppo iren, Forplast S.r.l., Montello S.p.A., NPP "Polyplastic, MultiPet GmbH, STF Group, Viridor Polymer Recycling Limited, Luxus Limited, Indorma Ventures, Reiling Kunststoff Recycling GmbH, Borealis, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2030
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
Objective of the Study:
• To assess the demand-supply scenario of Plastic Recycling which covers production, demand and supply of Plastic Recycling market in Europe.
• To analyse and forecast the market size of Plastic Recycling in Europe.
• To classi and forecast Europe Plastic Recycling market based on end-use and regional distribution.
• To examine competitive developments such as expansions, green field projects/ brown field expansions. mergers & acquisitions, etc., of Plastic Recycling market in Europe.
To extract data for Europe Plastic Recycling market, primary research surveys were conducted with Plastic Recycling manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Europe Plastic Recycling market over the coming years.
ChemAnalyst calculated Plastic Recycling demand in Europe by analyzing the historical data and demand forecast which was carried out considering the imports and domestic production coupled with demand from end user industry. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data / import data of Plastic Recycling to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Plastic Recycling manufacturers and other stakeholders
• Organizations, forums and alliances related to Plastic Recycling distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Plastic Recycling manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Europe Plastic Recycling market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
7.6 million tonnes
Market size Volume by 2032
11.2 million tonnes
Growth Rate
CAGR of 5.01% from 2023 to 2030
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2030
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2030
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by Type, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Manufacturing Process.
Segments covered
By type: Polyethylene Terepthalate (PET), Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), and Others
By End-Use: (Packaging, Building and Construction, Textile, Automotive, Electrical and Electronics, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
Germany, France, Spain, Italy, the UK, Russia & Rest of Europe
I am satisfied with overall performance of ChemAnalyst. Weekly updates before the final report were especially helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
Disruption Tracker
Disruption Tracker reflect the major shutdown on monthly basis which will help you in
tracking the inventory management and smooth functioning of business. Unforeseen shutdowns and disruptions
resulting in a loss of production capacity to impact the bottom line. The capacity tracker provides industries
with a global view of production and consumption capacity loss that reflects the corresponding conversion factors.
It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
of new capacities. Additionally, it emphasizes how each shutdown—whether due to a maintenance turnaround or a case
of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What is the anticipated market growth rate of Europe Plastic Recycling market for the forecast period of 2023- 2030?
Ans:
The Europe Plastic Recycling market is anticipated to grow at a healthy CAGR of 5.01% for the forecast period of 2023- 2030.
Q2.
Which industry is dominating the Europe Plastic Recycling market?
Ans:
As of 2022, Packaging industry is dominating the Plastic Recycling market in Europe with a market share of nearly 40%.
Q3.
Do you offer single or multiuser license?
Ans:
Online Access 12 Months – Single User License (Up to 3 users can access the database) Online Access 12 Months – Enterprise License (Up to 10 Users can access the database)
Q4.
Will I get access to the analyst who authored this report?
Ans:
You will have 24/7 access to the analyst during the subscription period.
Our Solutions
Custom Research
We at ChemAnalyst provide tailor-made solutions to our clients based on their requirements which help them in building and expanding their business by developing customized strategy such as sales strategy, GTM Strategy, product portfolio and new product development. Our dedicated team helps clients in getting the best solution for their requirements. We at ChemAnalyst look forward to serving our clients for long term association.
Techno Economic Feasibility Report (TEFR)
ChemAnalyst provide TEFR reports which include market sizing, plant cost (ISBL and OSBL units), financial modelling, covering all the major financial calculations and ratios including production cost, IRR, major technology, licensing fee (if required), and others fixed and variable costs. TEFR reports will help the client to build greenfield project as well as brownfield expansion for a specific geography. Our Team of experts have delivered multiple TEFR reports which help clients in moving ahead of their business competition by grabbing the opportunity and expanding their business portfolio.
Price Benchmarking
Pricing benchmark report provides real-time data perpetuating current market scenarios, in a world that is changing at a rapid pace, having real-time prices is an imperative to make impactful insights and thereby informed decisions. The Price Benchmarking report provides pricing data for an individual market, or group of markets, which can be converted into localized insights and comparable listings. Benchmarking Reports help clients to make informed decisions by construing the data on several filters: region, country, category, grade and subsequently increasing their brand presence. Clients majorly require pricing benchmarks when they opt for a competitive pricing strategy.