Sep 6, 2022   SOURCE: BusinessWire

Canada Plastic Recycling Market Analysis 2022: Steady Increases in Environmental Consciousness Driving 3.15% Annual Growth - ResearchAndMarkets.com

The "Canada 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.

Canada plastic recycling market stood at 3.08 Million Tonnes in 2020 and is forecast to reach 4.38 Million Tonnes by 2030, growing at a healthy CAGR of 3.15% until 2030. Steady growth in environmental consciousness has fuelled the new initiatives to promote recycling. The implementation of a modified policy on Green Procurement is expected to increase the demand for recycled goods among businesses and consumers.

By 2030, the country is expecting to reduce the landfills of plastic waste by 90%. An investment between USD 4.3billion and USD 8.6billion made by the key stakeholders for the addition of 167 new sorting and recycling facilities is expected to increase the revenue generated from plastic recycling across the country. Besides, increasing plastic waste due to the rising demand for packaging on account of the growing e-commerce business is also expected to increase the demand for the plastic recycling market in Canada.

Through the Canadian Plastics Innovation Challenge, the Government of Canada is helping small businesses across the country find new ways to reduce plastic waste and turn waste into valuable resources, supporting a circular economy, which is further expected to increase the demand for plastic recycling market. Extended Producer Responsibility (EPR) programs are also recognized as an effective mechanism to support the creation of a circular economy and thereby generate demand for plastic recycling during the forecast period. The COVID-19 pandemic led to an increasing plastic consumption due to the high demand for ready-to-eat food items, drugs and medical supplies, masks, face shields, PPE kits, etc. However, the lockdown restrictions resulted in limited mobility of personnel and shutting down of factories, which led to inappropriate disposal of plastic waste and that, in turn, affected the Canada Plastic Recycling market negatively.

Years Considered for Analysis:

  • Historical Years: 2015 - 2019
  • Base Year: 2020
  • Estimated Year: 2021
  • Forecast Period: 2022 - 2030

Deliverables

  • 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

Key Topics Covered:

1. Canada Plastic Recycling Market Outlook, 2015-2030

1.1. Capacity By Company

1.2. Capacity By Location

1.5. Production By Company

1.6. Operating Efficiency By Company

1.7. Country-Wise Import

1.8. Country-Wise Export

1.9. Demand-Supply Gap

2. Canada Plastic Recycling Demand Outlook, 2015-2030

2.1. By End Use

2.2. By Application

2.3. By Sales Channel (Direct/Institutional Sales, Retail Sales, Other Channel Sales)

2.4. By Region

2.5. By Company Share of Leading Players

3. News & Deals

For more information about this report visit https://www.researchandmarkets.com/r/o97lbl