According to a market report by Lucintel, the future of the global advanced plastics recycling market looks promising with opportunities in the environmental industry and packaging industry. The global advanced plastics recycling market is expected to grow with a CAGR of 12.6% from 2024 to 2030. The major drivers for this market are governments enforce strict laws and programs to reduce plastic litter and encourage environmentally friendly behaviors, growing knowledge and concern about how plastic trash affects ecosystems on a global scale, as well as, increasing public and commercial sector investment in the study and creation of cutting-edge recycling technologies.

In this market, pyrolysis, gasification, and depolymerisation are the major segments of advanced plastics recycling market by type.

Lucintel forecasts that depolymerisation is expected to witness highest growth over the forecast period because it produces high-quality recycled plastics that are virtually identical to virgin plastics in terms of properties and performance.

Within this market, packaging industry is expected to witness higher growth over the forecast period.

APAC is expected to witness highest growth over the forecast period due to rapid urbanization and industrialization, leading to a surge in plastic waste generation, and it creates a strong demand for advanced plastics recycling technologies to manage plastic waste effectively.

Agilyx, APK, Aquafil, Carbios, Eastman, Extrathive, Fych Technologies, Garbo, Ioniqa, and Itero are the major suppliers in the advanced plastics recycling market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]