Plastics-To-Fuel (PTF) Market Expected to Experience Attractive Growth through 2026 - PowerPoint PPT Presentation

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Plastics-To-Fuel (PTF) Market Expected to Experience Attractive Growth through 2026

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Driven by the need for high-quality sustainable fuels, global plastics-to-fuel (PTF) market size is expected to witness a CAGR of over 2.6% through 2026, exceeding an annual valuation of US$590 million. – PowerPoint PPT presentation

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Title: Plastics-To-Fuel (PTF) Market Expected to Experience Attractive Growth through 2026


1
Plastics-To-Fuel (PTF) Market Research Report
Know Growth Dynamics, Opportunities and Risk by
2026
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Rights Reserved
www.gminsights.com
2
Global Market Scenario of Plastics-To-Fuel (PTF)
Industry
  • Numerous countries have undertaken initiatives to
    lower their carbon footprint substantially over
    the next few decades, which have created a strong
    need for pyrolysis oil in the fuel manufacturing
    business. Driven by the need for high-quality
    sustainable fuels, global plastics-to-fuel (PTF)
    market size is expected to witness a CAGR of over
    2.6 through 2026, exceeding an annual valuation
    of US590 million.
  • Exploring sustainable ways to dispose plastic
    waste has never been more important. With
    increasing awareness regarding the environmental
    damage caused by single-use plastics and improper
    recycling practices, researchers worldwide are
    seeking alternative plastic disposal methods.
    These trends have fueled developments in
    plastic-to-fuel (PTF) conversion, an advanced
    technology used to concert plastic waste into
    piqued fuels.
  • Plastic waste can be obtained from industries,
    municipal solid waste (MSW), and other sources
    such as agriculture waste, e-waste, and medical
    waste. PTF industry share from other sources is
    projected to expand at a CAGR of 2.5 through
    2026.
  • Asia Pacific countries including Malaysia and
    Indonesia account for more than 60 of plastic
    waste generated from these sources. The lack of
    suitable waste management often results into
    large amount of landfilling and open dumping of
    waste. These factors are likely to augment the
    adoption of PTF technology.

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Rights Reserved
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3
Continue-
  • In terms of the regional outlook, Asia Pacific is
    expected to capture more than 20 revenue share
    of PTF industry by 2026. Over the past several
    years, South Korea and Japan have experienced a
    notable uptick in energy recovery rate from
    plastic waste. South Korea has also planned to
    boost its plastic recycling rate from 34 to 70
    by 2030. However, the country is still largely
    dependent on foreign imports for plastic to fuel
    conversion. Consequently, this has resulted in a
    considerable drop in demand as well as price of
    domestic plastic waste.
  • Processing of plastic waste contaminated with
    unwanted goods and materials is a major challenge
    for recycling companies due to higher collection
    and processing costs. In order to help address
    these challenges, respective governments have
    undertaken several initiatives to subsidize these
    companies and promote utilization of domestic
    plastic waste in recycling. In the near future,
    favorable government policies and initiatives and
    a well-established waste recovery and recycling
    industry will positively influence PTF trends.
  • Meanwhile, North America is likely to account for
    more than 20 revenue share of global PTF market
    by 2026. Regional developments in the industry
    can be largely attributed to increasing recycling
    rate and waste-to-energy (WtE) recovery rate in
    the U.S.

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Rights Reserved
www.gminsights.com
4
Request for sample copy of this research report_at_
https//www.gminsights.com/request-sample/detail/
4804
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Rights Reserved
www.gminsights.com
5
360 Industry Analysis
  • Outbreak of the global COVID-19 pandemic in 2020
    and government restrictions on movement of people
    and goods have affected PTF industry outlook to
    some extent. However, gradual ease of
    restrictions in many regions increasing amount of
    solid waste generated due to a massive upsurge in
    online shopping is expected to augment the market
    share in the near future.
  •  

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com/roc/4804
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www.gminsights.com
6
  • Growth Drivers
  • Rising concerns towards GHG emission from fuel
    making sector
  • Growing need for high quality fuel products
    across the world
  • Mismanaged plastic waste crisis in the context of
    landfilling, openly dumping incineration

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Rights Reserved
www.gminsights.com
7
Latest Research Report On Plastics-To-Fuel (PTF)
Market_at_ https//www.gminsights.com/industry-analys
is/plastics-to-fuel-market Request for sample
of this research report_at_ https//www.gminsights.c
om/request-sample/detail/4804 Request for
customization https//www.gminsights.com/roc/480
4
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Rights Reserved
www.gminsights.com
8
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Thank You!
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