NEWS | MARKET RESEARCH
Global consumption of plastics recyclate by end use application 2025 forecast Source: AMI 2020
return to growth and reach pre-crisis levels as the economy revives but the pace of recovery will be slow in some markets. As the recycling industry
is restructuring following the Chinese National Sword Policy, developed countries no longer can rely on exporting their waste and recyclers cannot rely on imported feedstock. The only truly sustainable solution is to develop adequate domestic waste collection and recycling infrastructure to meet demand and build national self-sufficiency. Recycling capacity is expected to increase in all regions, except for South East Asia where currently there is a
significant overcapacity, to reach a global capacity of over 77 million tonnes by 2030.
In tandem with develop- ments in recycling technol- ogy the quality of recyclate is improving, which enables the utilisation of recyclates in higher value and techni- cal applications, but there are still major challenges in the supply of consistent quality recyclates. In addition, technology developments are increas- ing the ability to recover more plastics in closed-loop systems, helping to retain maximum value and driving new market opportunities. It is evident that plastics
are becoming more integrated into our daily
Global consumption of plastics recyclate by polymer 2025 forecast Source: AMI 2020
lives and plastics products will continue to play a dynamic role in our chang- ing world. Global polymer demand is expected to see a steady growth in the next decade and the growth rate of recyclates will outpace that of virgin polymers. Some of the challenges are persistent but market opportunities for plastics recycling are vast with strong output growth and increasing demand for high value and technical applica- tions shaping the landscape. AMI Consulting forecasts that global consumption of plastics recyclate overall will pass 45m tonnes by 2025 and growth in some end-use segments will be well above the average.
Highlights of AMI Consulting’s global
mechanical plastics recycling report n High value opportunities where technology can be leveraged n Alternative waste processing technologies are hindering growth in some markets n Europe’s legislation has helped accelerate its industry, but other regions lag behind n Demand will return to growth and reach pre-crisis levels as the economy revives after the coronavirus pandemic, but space of recovery will be slow in some markets n Global plastics recycling capacity is expected to top 77 million tonnes by 2030
16 PLASTICS RECYCLING WORLD | July/August 2020
n AMI Consulting’s new report, The Global Mechan- ical Plastics Recycling Industry 2020 – Capacities, Capabilities and Future Trends, provides industry participants at all levels of the supply chain and investors with insightful and actionable information to help build strategies to exploit business opportuni- ties and manage threats. In this report, AMI
Consulting provides a comprehensive analysis of the recycling industry with a focus on five commodity polymers: rPE, rPP, rPET, rPVC and rPS. It describes and quantifies the supply/ demand dynamics for recyclates, including an evaluation of capacity, and it provides a detailed end use segmentation highlight- ing potential future absorp- tion and new market opportunities for recyclates. The impact of the
coronavirus pandemic is explicitly incorporated into both the short term and long-term forecasts. Find out more about the
report here.
www.plasticsrecyclingworld.com
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