DUBLIN, Nov. 22, 2023 /PRNewswire/ — The “China Plastic Recycling Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030” report has been added to ResearchAndMarkets.com’s offering.
China’s 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. Furthermore, 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.
This report provides access to 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
Key Report Coverage:
Installed Capacity By Company-Installed capacity within the country along with the individual capacity of leading players
Installed Capacity By Location-Installed capacity at several locations across the country
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 country
Demand By Sales Channel-Demand/Sale of Plastic Recycling by different sales channels across the country
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 country level
Market Share of Leading Players-Revenue shares of leading players in the country
News & Deals-Historical & Current News & Deals in the Plastic Recycling market
For more information about this report visit https://www.researchandmarkets.com/r/gdpspi
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SOURCE Research and Markets