Advanced Recycling Facilities and Plastic Recycling Solutions: Challenges and Projections

Advanced recycling facilities and plastic recycling solutions receive public subsidies despite concerns about their effectiveness. The plastic recycling market is projected to reach USD 114.5 billion by 2030, driven by the growing need for sustainable products and the increasing demand for recycled plastics. Thermoformed plastics market is expected to surpass USD 62.58 billion by 2030, fueled by the demand for lightweight and durable packaging solutions. The Philippines transparent plastics market is valued at US$540 million in 2022, driven by the rise in disposable income and demand for packaging products.