Press release
Advanced Recycling Technologies Market Top Players - Recycling Avenue BV, BlueAlp Innovations BV, Quantafuel ASA, Mura Technology Limited, Alterra.
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Advanced Recycling Technologies Market Size, Share & Trends Analysis Report By Technology, (Pyrolysis/ Cracking, Gasification, Depolymerization, Microwave), Product Types (Naphtha, Heavy Gas Oil, Wax Residue), End User (Food and Beverage Packaging, Non-Food Packaging, Consumer Electronics, Infrastructure and Construction, Automotive)- Market Outlook And Industry Analysis 2031"
The global Advanced Recycling Technologies market is estimated to reach over USD 8.90 billion by 2031, exhibiting a CAGR of 47.16% during the forecast period.
Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/1679
Many consumer-packaged goods (CPG) companies have committed to selling products with less environmental impact as industries shift from fossil fuels towards sustainability. These commitments apply to a substantial amount of the plastic goods that people use or come into contact with daily, such as flexible film wraps, bottles, caps, and meal trays. As a result, circular polymers are in high demand, but capacity announcements must keep up with demand growth. Advanced recycling can yield plastics with customized molecular weight distributions and comonomers suitable for high-value applications, such as flexible food packaging, in addition to expanding the sorts of recyclable plastics. Although many of these technologies are still evolving and scaling, capacity is now constrained.
List of Prominent Players in the Advanced Recycling Technologies Market:
• Agilyx
• Stena Metall
• Chevron Phillips Chemical Company LLC
• Honeywell International Inc.
• Plastic Energy
• Enerkem
• Loop Industries, Inc.
• Gr3n Recycling
• Carbios SA
• Pyrowave
• Polystyvert Inc.
• Recycling Avenue BV
• BlueAlp Innovations BV
• Quantafuel ASA
• Mura Technology Limited
• Alterra
• Aduro Clean Technologies Inc.
• Brightmark
• GreenMantra Technologies
• Axens
Expert Knowledge, Just a Click Away: https://calendly.com/insightaceanalytic/30min?month=2025-01
Market Dynamics:
Drivers-
Government regulations all around the world and rising environmental awareness have increased the cause-driven nature of packaging solution marketing. In addition to assisting businesses in achieving their environmental objectives, recycled packaging solutions help them distinguish their products in the marketplace. For instance, Amcor announced it to design all of its packaging to be recyclable or reusable by 2025. Factors like increasing urbanization and the rise in demand for off-the-shelf products are some factors that further drive the market. The growing solar energy market, due to increasing dependence on renewable energy sources, along with the subsidies available for energy storage, is anticipated to contribute to the growth of the market, thus, accelerating the glass demand in the market. However, development and advancement in biodegradable plastics are hindering the market growth.
Challenges:
Making sure that materials are seen as recyclable and that materials have access to such areas are challenges, she said. "That entire infrastructure and connections of the value chain to ensure that a homeowner is aware of their ability to recycle it, then connecting those parts in the supply chain and ensuring there is enough of that material to scale up to end market needs. Another obstacle the sector is seeking to overcome is redefining advanced recycling as manufacturing as opposed to solid waste management.
Regional Trends:
Modern consumers' expectations and attitudes towards product packaging, as well as the stricter enforcement of laws governing clean production, food safety, and hygienic packaging, have put pressure on large downstream clients to gradually implement cutting-edge, inventive, environmentally friendly packaging solutions in nations like China, India, and other Asian nations. For instance, China banned the majority of imports of various recyclables focused on garbage generated by its citizens at the end of 2017. The nation served as the largest global market for recovered plastics and other commodities. As a result, in January 2018, China only authorised the entry of 9.3 tonnes of plastic. Comparing this to the 3.8+ million tonnes that were authorised to be imported at the beginning of the year, it is estimated that this represents a more than 99% reduction.
Unlock Your GTM Strategy: https://www.insightaceanalytic.com/customisation/1679
Recent Developments:
• In May 2019, The future tissue plant in Sherbrooke that KP Tissue Inc. and Kruger Products are building, which will include the most cutting-edge and effective TAD technology in Canada, was dedicated to the construction site. 180 employment in Estrie and 1,700 direct and indirect jobs will be generated by this USD 575 million investment throughout the course of the building phase, which will end in 2021.
Segmentation of Advanced Recycling Technologies Market-
By End User-
• Food and Beverage Packaging
• Non-Food Packaging
• Consumer Electronics
• Infrastructure and Construction
• Automotive
• Others
By Technology-
• Pyrolysis/ Cracking
• Gasification
• Depolymerization
• Microwave
• Others
By Product Type-
• Naphtha
• Heavy Gas Oil
• Wax Residue
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
The global Advanced Recycling Technologies market is estimated to reach over USD 8.90 billion by 2031, exhibiting a CAGR of 47.16% during the forecast period.
Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/1679
Many consumer-packaged goods (CPG) companies have committed to selling products with less environmental impact as industries shift from fossil fuels towards sustainability. These commitments apply to a substantial amount of the plastic goods that people use or come into contact with daily, such as flexible film wraps, bottles, caps, and meal trays. As a result, circular polymers are in high demand, but capacity announcements must keep up with demand growth. Advanced recycling can yield plastics with customized molecular weight distributions and comonomers suitable for high-value applications, such as flexible food packaging, in addition to expanding the sorts of recyclable plastics. Although many of these technologies are still evolving and scaling, capacity is now constrained.
List of Prominent Players in the Advanced Recycling Technologies Market:
• Agilyx
• Stena Metall
• Chevron Phillips Chemical Company LLC
• Honeywell International Inc.
• Plastic Energy
• Enerkem
• Loop Industries, Inc.
• Gr3n Recycling
• Carbios SA
• Pyrowave
• Polystyvert Inc.
• Recycling Avenue BV
• BlueAlp Innovations BV
• Quantafuel ASA
• Mura Technology Limited
• Alterra
• Aduro Clean Technologies Inc.
• Brightmark
• GreenMantra Technologies
• Axens
Expert Knowledge, Just a Click Away: https://calendly.com/insightaceanalytic/30min?month=2025-01
Market Dynamics:
Drivers-
Government regulations all around the world and rising environmental awareness have increased the cause-driven nature of packaging solution marketing. In addition to assisting businesses in achieving their environmental objectives, recycled packaging solutions help them distinguish their products in the marketplace. For instance, Amcor announced it to design all of its packaging to be recyclable or reusable by 2025. Factors like increasing urbanization and the rise in demand for off-the-shelf products are some factors that further drive the market. The growing solar energy market, due to increasing dependence on renewable energy sources, along with the subsidies available for energy storage, is anticipated to contribute to the growth of the market, thus, accelerating the glass demand in the market. However, development and advancement in biodegradable plastics are hindering the market growth.
Challenges:
Making sure that materials are seen as recyclable and that materials have access to such areas are challenges, she said. "That entire infrastructure and connections of the value chain to ensure that a homeowner is aware of their ability to recycle it, then connecting those parts in the supply chain and ensuring there is enough of that material to scale up to end market needs. Another obstacle the sector is seeking to overcome is redefining advanced recycling as manufacturing as opposed to solid waste management.
Regional Trends:
Modern consumers' expectations and attitudes towards product packaging, as well as the stricter enforcement of laws governing clean production, food safety, and hygienic packaging, have put pressure on large downstream clients to gradually implement cutting-edge, inventive, environmentally friendly packaging solutions in nations like China, India, and other Asian nations. For instance, China banned the majority of imports of various recyclables focused on garbage generated by its citizens at the end of 2017. The nation served as the largest global market for recovered plastics and other commodities. As a result, in January 2018, China only authorised the entry of 9.3 tonnes of plastic. Comparing this to the 3.8+ million tonnes that were authorised to be imported at the beginning of the year, it is estimated that this represents a more than 99% reduction.
Unlock Your GTM Strategy: https://www.insightaceanalytic.com/customisation/1679
Recent Developments:
• In May 2019, The future tissue plant in Sherbrooke that KP Tissue Inc. and Kruger Products are building, which will include the most cutting-edge and effective TAD technology in Canada, was dedicated to the construction site. 180 employment in Estrie and 1,700 direct and indirect jobs will be generated by this USD 575 million investment throughout the course of the building phase, which will end in 2021.
Segmentation of Advanced Recycling Technologies Market-
By End User-
• Food and Beverage Packaging
• Non-Food Packaging
• Consumer Electronics
• Infrastructure and Construction
• Automotive
• Others
By Technology-
• Pyrolysis/ Cracking
• Gasification
• Depolymerization
• Microwave
• Others
By Product Type-
• Naphtha
• Heavy Gas Oil
• Wax Residue
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
