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Advanced Recycling Facilities Receive Public Subsidies, Plastic Recycling Market Projected to Grow
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Overview
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Unproven advanced recycling facilities have received public subsidies, while the global plastic recycling solutions market is projected to reach USD 114.5 billion by 2030. The thermoformed plastics market is expected to surpass USD 62.58 billion by 2030. The Philippines transparent plastics market is valued at US$540 million in 2022 and is expected to grow at a CAGR of over 5.2% from 2023-2030.
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How can the demand for sustainable packaging solutions be met in the thermoformed plastics market?
What are the key drivers for the growth of the plastic recycling solutions market?
What are the main concerns regarding the lack of transparency and failure to achieve production targets in advanced recycling facilities?
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