[Online Quarterly Update] Nigeria plastic recycling market stood at 2.04 Million Tonnes in 2020 and is forecast to reach 3.47 Million Tonnes by 2030, growing at a healthy CAGR of 4.82% until 2030. Rapid urbanization, industrialization, technological advancement, and change in consumption patterns have resulted in a huge amount of plastic waste. Furthermore, increasing demand for packaging, electrical &electronics, automotive industries, etc. has increased the consumption of plastics in Nigeria. The per capita consumption of plastic in Nigeria grew by 4.81% in the 2010-2020 period, from 6.5kg in 2017, and was estimated to be 7.4 kg in 2020. The growing need to reduce carbon footprint due to excessive use of plastics has forced the government to come up with various initiatives supporting the plastic recycling market. By the end of 2019, the government implemented plastic waste recycling facilities in 26 major cities. National Policy on Plastic life cycle management was developed to drive resource efficiency, cleaner production, and protection of the environment as stated in section 20 of the 1999 constitution. The Government of Nigeria is working on a document with a workable standard so that all recyclers adhere to regulations and recycle plastic waste without compromising the safety of the environment and finished product, which is likely to drive the plastic recycling market in Nigeria during the forecast period. The COVID-19 resulted in even more plastic consumption in the country, but its inappropriate disposal due to lack of labor affected the plastic recycling market negatively.
Under this subscription, you would be able to access Nigeria Plastic Recycling market demand and supply analysis on a cloud-based platform for one year. The data is updated on a near real-time basis to add any new movement in the industry including, but not limited to new plant announcements, plant shutdowns, temporary disruptions in demand or supply, news and deals, and much more specific to Plastic Recycling.
Years Considered for Analysis:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
This report will be delivered on an online digital platform with a one-year subscription and quarterly update.
Deliverables
Installed Capacity By Company
Installed capacity at a regional level along with the individual capacity of leading players
Installed Capacity By Location
Installed capacity at country level
Installed Capacity By Process
Installed capacity by different processes
Installed Capacity By Technology
Installed capacity by different technologies being used to produce Plastic Recycling
Production By Company
Actual production done by different companies
Operating Efficiency By Company
Operating efficiency at which different companies are operating their plants
Demand By End Use
Demand/Sale of Plastic Recycling in different end-user industries across the region
Demand By Sales Channel
Demand/Sale of Plastic Recycling by different sales channels across the region
Demand By Region
Demand/Sale of Plastic Recycling in different regions of the country
Country-Wise Exports
Exports of Plastic Recycling by Different Countries
Country-Wise Imports
Imports of Plastic Recycling by Different Countries
Demand & Supply Gap
Demand & Supply Gap at the country level
Market Share of Leading Players
Revenue shares of leading players in the country
News & Deals
Historical & Current News & Deals in Plastic Recycling market
To extract data for the Nigeria Plastic Recycling market, the ChemAnalyst team conducts primary research surveys with Plastic Recycling manufacturers, suppliers, distributors, wholesalers, and customers, followed by exhaustive secondary research to cross-validate the information being collected through primary research surveys.
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Member - Board of Directors
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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.
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Techno Economic Feasibility Report (TEFR)
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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.