Plastic recycling

Recyled plastic off-takers

In our market report “Plastic Recycling Market 2022” (published in June 2022), we focused on the recycling technologies (material recycling and chemical recycling), the background of the rise of recycling market, and the policies/strategies overseas. Then, we explored the business landscape of recyclers in “Plastic Recycling Market 2023-2024 - Resin” (published in December 2023).  
This year, the market report highlights the adoption status of recycled plastics  at off-takers and observe potential values of recycled resin. 

I   Plastic Recycling Market Perspectives & Strategies

• Initiatives in various industries are in full swing backed by a shift to circular economy
• What are the requirements for a steady expansion of the plastics recycling market?
• Domestic recycled plastic market forecasted to grow to 936,000 tons by 2030
• Automotive and beverage industries are driving the market growth
• Chemical recycling market expected to expand significantly by 2030 with full-scale operation of R Plus Japan and Microwave Chemistry
• PET bottle recycling takes the lead by quality, cost, safety, and stable procurement/ issues and solutions in PET bottle recycling provide knowledge for other industries 
• Household appliances industry unified collection standards to promote recycling 
• Recycling is gaining momentum in automotive industry in light of upcoming revision of automobile resource recovery program 
• Cost and safety assurance challenged
• Securing precious resources (by circulating domestically) is also an important theme to be considered

II   Plastic Recycling Trends by Industry

III   Perspectives & Strategies of Recyled Plastic Off-Takers

• Suntory 
• Kirin Holdings
• Honda  
• Nissan 
• Kao 
• Lion 
• Shiseido
• KOSÉ 
• Pilot Corporation
• Panasonic Group
• Mitsubishi Electric
• Family Mart
• Takenaka Corporation