Over the past decade, technology-led initiatives to accelerate sustainable development have gained immense prominence in the public and private sectors alike. The growing emphasis on reducing, recycling, and reusing industrial waste has paved the way for green innovation in the waste management sector. In this scenario, the global plastic-to-fuel (PTF) market has attracted favorable growth opportunities and is anticipated to witness tremendous growth in the near future. Plastic-to-fuel technologies essentially convert non-renewable plastics into valuable products, recovering clean energy from plastic waste. Remarkably, these advanced technologies have the capacity to mitigate greenhouse gas emissions while harnessing economic value from hazardous, non-recyclable plastic material. Owing to the promising outlook of the plastics-to-fuel market, companies are rapidly increasing investments in this market and creating sound grounds for research and development initiatives. Consequently, in the coming years, the transformation of non-recycled and used plastics into petroleum-based products is poised to open new revenue streams across the global plastics-to-fuel market.
Fairfield Market Research finds that the total market worth of the global plastic-to-fuel market would reach US$ 1, 884.3 million in 2026, increasing from a market value of US$ 900 million in 2020. The study also finds that during the forecast period, the PTF market is expected to register a CAGR of robust 13.8%, indicating that the market is ripe with profitable outcomes over the course of the assessment period.
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Popular Industrial Sentiment to Efficiently Manage Non-Recyclable Plastics Drives Market Expansion
Inefficient and illegal management of non-recyclable plastics is the foremost growth driver across the global plastics-to-fuel market. Improper dumping of plastic creates large amounts of toxic waste, harming the environment and national commitments towards waste management. As a result, effective handling of non-recyclable plastics and recovering them from landfills are a top priority for climate-conscious governments. Various public policies and regulations have been formulated to support plastic waste management – a move that helps to draw investments in this sector. The twin forces of these factors, i.e. increased funding and favorable policies, are projected to substantially augment growth in the plastic-to-fuel market over the assessment period.
Moreover, PTF-generated fuel can also be utilized as an alternative to fossil fuel. Given the rising concerns over depleting natural resources, this is expected to steadily expand the plastic-to-fuel market. Currently, among all the technologies used for plastic-to-fuel conversion, pyrolysis is the most extensively chosen by waste management vendors. However, despite these promising developments in the PTF market, concerns over fragmented waste collection systems, fluctuating crude oil prices, and weak supply chains can hamper the growth of the global plastic-to-fuel market in the foreseeable future.
Europe Emerges as the Strongest Contender in the Global PTF Market
Europe, followed by North America, has emerged as the leading force in the plastic-to-fuel market. The two regions consist of a resilient PTF market infrastructure and also have sound regulations supporting research and funding in this market. Presence of prominent waste management companies in Europe and North America further creates scope for consistent growth across their regional PTF markets.
Major players in the global plastic-to-fuel market include Alterra Energy, Needa Green Energy, Resynergi, Brightmark, Peel L&P Holdings (UK) Limited, Rudra Environmental Solutions, MK Aromatics, Klean Industries Inc., Johnson Matthey, Global Renewable. L&P Holdings (UK), Nexus, and Plastic2Oil.
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Plastic to Fuel market is segmented by Type, and by Application.
Players, stakeholders, and other participants in the global Plastic to Fuel market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-plasticfuel-2020-2026-856Market segment by Type, the product can be split intoDieselGasolineOthersMarket segment by Application, split intoChemical PlantWaste Treatment PlantOtherBased on regional and country-level analysis, the Plastic to Fuel market has been segmented as follows:North AmericaUnited StatesCanadaEuropeGermanyFranceU.K.ItalyRussiaNordicRest of EuropeAsia-PacificChinaJapanSouth KoreaSoutheast AsiaIndiaAustraliaRest of Asia-PacificLatin AmericaMexicoBrazilMiddle East & AfricaTurkeySaudi ArabiaUAERest of Middle East & AfricaIn the competitive analysis section of the report, leading as well as prominent players of the global Plastic to Fuel market are broadly studied on the basis of key factors.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.The key players covered in this studyAlterra Energy (Vadxx Energy)JBI (Plastic2Oil)Brightmark Energy (RES Polyflow)Plastic Advanced Recycling CorporationAgilyx CorporationOMV AktiengesellschaftEnvionMK Aromatics LimitedNiutechAgile Process Chemicals LLPGet the Complete Report & TOC @ https://www.grandresearchstore.com/ict-and-media/global-plasticfuel-2020-2026-856Table of content1 Report Overview1.1 Study Scope1.2 Market Analysis by Type1.2.1 Global Plastic to Fuel Market Size Growth Rate by Type: 2020 VS 20261.2.2 Diesel1.2.3 Gasoline1.2.4 Others1.3 Market by Application1.3.1 Global Plastic to Fuel Market Share by Application: 2020 VS 20261.3.2 Chemical Plant1.3.3 Waste Treatment Plant1.3.4 Other1.4 Study Objectives1.5 Years Considered2 Global Growth Trends2.1 Global Plastic to Fuel Market Perspective (2015-2026)2.2 Global Plastic to Fuel Growth Trends by Regions2.2.1 Plastic to Fuel Market Size by Regions: 2015 VS 2020 VS 20262.2.2 Plastic to Fuel Historic Market Share by Regions (2015-2020)2.2.3 Plastic to Fuel Forecasted Market Size by Regions (2021-2026)2.3 Industry Trends and Growth Strategy2.3.1 Market Trends2.3.2 Market Drivers2.3.3 Market Challenges2.3.4 Market Restraints3 Competition Landscape by Key Players3.1 Global Top Plastic to Fuel Players by Market Size3.1.1 Global Top Plastic to Fuel Players by Revenue (2015-2020)3.1.2 Global Plastic to Fuel Revenue Market Share by Players (2015-2020)3.2 Global Plastic to Fuel Market Share by Company Type (Tier 1, Tier 2 and Tier 3)3.3 Players Covered: Ranking by Plastic to Fuel Revenue3.4 Global Plastic to Fuel Market Concentration Ratio3.4.1If You Have Any Question Related To This Report Contact Us @ https://www.grandresearchstore.com/enquire-now/global-plasticfuel-2020-2026-856CONTACT US:276 5th Avenue, New York, NY 10001, United StatesInternational: +1(646)-781-7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store
