PUBLISHER: ChemAnalyst | PRODUCT CODE: 999457
PUBLISHER: ChemAnalyst | PRODUCT CODE: 999457
China plastic recycling market stood at 60.44 Million Tonnes in 2020 and is forecast to reach 102.20 Million Tonnes by 2030, growing at a healthy CAGR of 5.01% until 2030. For many years, China received the bulk of scrap plastic from various countries such as the United States, Germany, Japan, Australia, etc., and processed much of the plastic waste into a higher quality material, that could be used by manufacturers. Further, in 2019, more than 40 cities in China including, Shanghai, Guangzhou, Xi'an, and Kunming, introduced pilot waste sorting programs for recyclables and trash. Moreover, favorable policies and norms by the Chinese government emphasizing the use of green packaging solutions are anticipated to support the growth of the plastic recycling market in China. The increasing need for plastic recycling in packaging, electrical & electronics, automotive industries, etc., owing to cost optimization and energy-saving benefits is also expected to increase the demand of the plastic recycling market during the forecast period. The COVID-19 outbreak increased the demand for plastic consumption due to its extensive application in the pharmaceutical, food & beverage, and healthcare sector. However, the inappropriate disposal of plastic waste due to lack of laborforce and lockdown restrictions affected the China Plastic Recycling market negatively.
Under this subscription, you would be able to access China 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
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Deliverables
To extract data for the China 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.