Recycled Plastic and Plastic Waste to Oil Market Share

North America Market Analysis

Regionally, the global recycled plastic and plastic waste to oil market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is likely to account for largest revenue share by 2036, on the back of presence of various market players in the U.S. As per the data by the Environmental Protection Agency (EPA), 35.7 million tons plastic waste was generated in the United States, which was 12.2 percent of municipal solid waste generation, in 2018. Furthermore, rising public awareness regarding the use of alternative fuels is estimated to further boost the regional market growth.

Asia Pacific Market Statistics

The recycled plastic and plastic waste to oil market in the Asia Pacific region is estimated to witness highest CAGR over the forecast period owing to the increasing industrialization, growing need for fuel, and expanding plastic waste generation in the developing nations. Moreover, increasing adoption of ‘plastic waste to oil’ technology in countries, such as, Japan, is estimated to boost the market growth.