Asia Pacific Recycled Thermoplastics Market Size & Outlook
Asia Pacific recycled thermoplastics market highlights
- The Asia Pacific recycled thermoplastics market generated a revenue of USD 33,492.2 million in 2023.
- The market is expected to grow at a CAGR of 10.1% from 2024 to 2030.
- In terms of segment, flakes was the largest revenue generating form in 2023.
- Flakes is the most lucrative form segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 33,492.2 million |
| Market revenue in 2030 | USD 65,667.1 million |
| Growth rate | 10.1% (CAGR from 2023 to 2030) |
| Largest segment | Flakes |
| Fastest growing segment | Flakes |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Flakes |
| Key market players worldwide | B. Schoenberg, Custom Polymers, Inc., Envision Plastics, Fresh Pak, KW Plastics, Parc Corporation, Plastipak Holdings, RJM International, SUEZ Environnement, United Plastic Recycling, Veolia Environnement SA, B & B Plastics |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 58.5% of the global recycled thermoplastics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 65,667.1 million by 2030.
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Recycled Thermoplastics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| B & B Plastics | View profile | 101-250 | Rialto, California, United States, North America | https://bbplasticsinc.com |
| United Plastic Recycling | View profile | 51-100 | Montgomery, Alabama, United States, North America | http://www.unitedplasticrecycling.com |
| RJM International | View profile | 11-50 | Winchester, Hampshire, United Kingdom, Europe | https://www.rjm-international.com |
| Plastipak Holdings | View profile | 5001-10000 | Plymouth, Michigan, United States, North America | http://www.plastipak.com/ |
| Parc Corporation | View profile | 1-10 | Romeoville, Illinois, United States, North America | http://www.parcusa.com |
| Fresh Pak | View profile | 1001-5000 | Washington, Missouri, United States, North America | https://www.freshpakcorp.com |
| Envision Plastics | View profile | 51-100 | Reidsville, North Carolina, United States, North America | http://envisionplastics.com/ |
| Custom Polymers, Inc. | View profile | 51-100 | Charlotte, Texas, United States, North America | https://www.custompolymers.com |
| B. Schoenberg | View profile | 11-50 | Yorktown Heights, New York, United States, North America | https://www.bschoenberg.info/ |
| KW Plastics | View profile | 251-500 | Troy, Alabama, United States, North America | https://www.kwplastics.com |
| SUEZ Environnement | View profile | 10001+ | Paris, Ile-de-France, France, Europe | https://www.suez.com/ |
| Veolia Environnement SA | View profile | 218288 | 30, rue Madeleine Vionnet, Aubervilliers, France, 93300 | https://www.veolia.com |
Asia Pacific recycled thermoplastics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to recycled thermoplastics market will help companies and investors design strategic landscapes.
Flakes was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Asia Pacific recycled thermoplastics market based on flakes covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific region is experiencing a rise of eco-conscious consumers and sustainability mandates. Countries such as Japan and South Korea are leading efforts to reduce plastic waste by promoting recycling programs and encouraging the use of recycled materials in consumer products and packaging.
Consumers in these nations are becoming more aware of the environmental impact of plastic waste and are demanding more sustainable products, including those made from recycled thermoplastics. This shift is pushing companies to incorporate recycled materials into their product lines to stay competitive and align with both government regulations and consumer preferences.
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Target buyers of Asia Pacific recycled thermoplastics market databook
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Our clientele includes a mix of recycled thermoplastics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific recycled thermoplastics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific recycled thermoplastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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