Australia Recycled Plastic Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Australia Recycled Plastic Market is Segmented By Product Type (Polyethylene Terephthalate (PET), Polyethylene (PE), Polyvinyl Chloride (PVC), Polypropylene (PP), Polystyrene (PS), Polycarbonate (PC), Others (Acrylonitrile Butadiene Styrene (ABS)), By Source (Bottles, Films, Foams, Fibers). The report offers the value (in USD million) for the above-mentioned segments.
Australia Recycled Plastic Market Size
Market Size in USD
CAGR8.7%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 8.7% |
| Market Concentration | High |
| Major Players | Synergy Packaging, Amcor PLC, Vanden Global Ltd, Corex, Pact Group Holdings Australia Pty Ltd |
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Australia Recycled Plastic Market Analysis
The Australia Recycled Plastic Market is estimated to be valued at USD 798.1 Mn in 2024 and is expected to reach USD 1,552.9 Mn by 2031, growing at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.
Strict regulations regarding plastic waste management and rising awareness about sustainability are driving increased collection and recycling of plastic waste in Australia. There is also a growing demand for recycled plastic from industries such as packaging, construction, and automotive due to its cost effectiveness. The recycled plastic market in Australia is expected to witness positive growth over the forecast period. Major factors such as implementation of policies mandating use of post-consumer recycled plastic by brands and manufacturers as well as investment in advanced recycling technologies will promote greater collection and recycling of plastic waste. Furthermore, initiatives to reduce reliance on virgin plastic and create circular economy model are expected to propel the demand for recycled plastic in Australia.