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Vietnam's Plastic Waste Challenges Present Investment Opportunities in Recycling

01-16-2025 08:00 AM CET | Chemicals & Materials

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD

Vietnam's Plastic Waste Challenges Present Investment

๐†๐ฅ๐จ๐›๐š๐ฅ ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐จ๐ข๐ฌ๐ž๐ ๐Ÿ๐จ๐ซ ๐’๐ข๐ ๐ง๐ข๐Ÿ๐ข๐œ๐š๐ง๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก

The global plastic recycling market is on track for substantial expansion, driven by increasing environmental concerns and stringent government regulations promoting sustainable practices. Valued at approximately USD 50.58 billion in 2022, the market is projected to reach USD 78.61 billion by 2029, exhibiting a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period from 2023 to 2029.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐ž๐ž๐ค ๐ข๐ง๐ฌ๐ข๐๐ž? ๐†๐ซ๐š๐› ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ:https://www.maximizemarketresearch.com/request-sample/55199/

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ:

Environmental Sustainability Initiatives: The global emphasis on reducing plastic waste and promoting recycling to mitigate environmental pollution is a significant driver of market growth.

Government Regulations: Stringent policies and regulations aimed at reducing plastic waste and encouraging recycling are propelling the market forward.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:

Asia-Pacific: This region is expected to witness substantial growth, with countries like China, India, and Southeast Asian nations leading in plastic recycling activities due to increasing industrialization and urbanization.

Europe: Europe's commitment to environmental sustainability and stringent regulations are driving the growth of the plastic recycling market in the region.

๐‚๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐’๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ:

๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐  ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam is facing challenges in managing plastic waste, with only about 33% of key plastic resins being recycled as of 2019. The country loses approximately USD 2.2 billion to USD 2.9 billion annually due to the disposal of plastics that could otherwise be recycled. This presents significant opportunities for investment in recycling infrastructure and technologies to enhance plastic recycling rates.

๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐  ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand's plastic recycling market is experiencing growth due to increased awareness and government initiatives promoting recycling. The country's commitment to reducing plastic waste and promoting a circular economy is fostering the expansion of recycling activities.

๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐  ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan is a leader in plastic recycling, with advanced technologies and efficient systems in place. The country's focus on innovation and sustainability continues to drive trends in the recycling industry, including the development of new recycling methods and materials.

๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐  ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea is witnessing consolidation in the plastic recycling industry, with significant investments aimed at establishing comprehensive waste treatment platforms. For instance, in August 2024, Swedish investment firm EQT agreed to acquire KJ Environment and affiliated companies to establish a waste treatment platform focusing on plastic recycling and waste-to-energy solutions in South Korea.

๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐  ๐”๐ฉ๐๐š๐ญ๐ž๐ฌ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore is actively enhancing its plastic recycling capabilities through technological advancements and policy measures. The government's efforts to promote recycling and reduce plastic waste are leading to updates in recycling infrastructure and increased public awareness.

๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐  ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ž ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ

The United States continues to expand its plastic recycling market, driven by both governmental regulations and corporate sustainability initiatives. The increasing demand for recycled plastics in various industries, including packaging and automotive, is contributing to market growth.

๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐  ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe presents significant opportunities for the plastic recycling market, with stringent regulations and a strong emphasis on sustainability. The European Union's policies aimed at reducing plastic waste and promoting recycling are creating a favorable environment for market expansion.

๐‘๐ž๐œ๐ž๐ง๐ญ ๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ:

EQT's Acquisition in South Korea: In August 2024, Swedish investment firm EQT agreed to acquire KJ Environment and affiliated companies from Seoul-based Genesis Private Equity to establish a waste treatment platform focusing on plastic recycling and waste-to-energy solutions in South Korea.

Termination of JEPLAN Deal: In June 2024, AP Acquisition terminated its plan to merge with Japanese plastic-recycling company JEPLAN, a year after announcing the business combination. The deal had valued JEPLAN at about USD 300 million.

๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง

๐›๐ฒ ๐’๐จ๐ฎ๐ซ๐œ๐ž

Plastic Bottles
Plastic Films
Synthetic Fibers
Rigid Plastics & Foams
Others

๐›๐ฒ ๐“๐ฒ๐ฉ๐ž

Polyethylene Terephthalate (PET)
Polyethylene (PE) - LPDE & HDPE
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Polystyrene (PS)
Polyamide (PA)
Others

๐›๐ฒ ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐  ๐Œ๐ž๐ญ๐ก๐จ๐

Thermal decomposition
Heat compression
Distributed recycling
Pyrolysis
Others

๐›๐ฒ ๐„๐ง๐-๐”๐ฌ๐ž

Packaging
Building & Construction
Textiles
Automotive
Electrical & Electronics
Others

๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐ญ๐จ ๐ญ๐š๐ค๐ž ๐š ๐ฌ๐ง๐ž๐š๐ค ๐ฉ๐ž๐ž๐ค? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฌ๐ž๐ž ๐ฐ๐ก๐š๐ญ'๐ฌ ๐ข๐ง๐ฌ๐ข๐๐ž:https://www.maximizemarketresearch.com/request-sample/55199/

๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

1. MBA Polymers Inc.
2. MOL Group
3. Plasgran Ltd.
4. Novolex
5. Phoenix Technologies International LLC
6. Vikoz Enterprises, Inc.
7. Plastic Recycling, Inc.
8. Terracycle US, Inc.
9. KW Plastics
10.DS Smith PLC
11.PETCO
12.Waste Connections, Inc.
13.Custom Polymers, Inc.
14.Envision Plastics
15.Kuusakoski Group Oy
16.Clear Path Recycling
17.Clean Tech Incorporated
18.Mohawk Industries Incorporated

๐ƒ๐ข๐ฏ๐ž ๐ƒ๐ž๐ž๐ฉ๐ž๐ซ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ž ๐ƒ๐š๐ญ๐š! ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐…๐ฎ๐ฅ๐ฅ ๐’๐ญ๐ฎ๐๐ฒ ๐จ๐ง ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฉ๐š๐ ๐ž ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/market-report/global-plastic-recycling-market/55199/

๐Š๐ž๐ฒ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐š๐ซ๐ž:

What is Plastic Recycling ?
What is the growth rate of the Plastic Recycling Market?
Who are the key players in the Plastic Recycling market?
Who are the leading companies and what are their portfolios in Plastic Recycling Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Plastic Recycling Market?
Which are the factors expected to drive the Plastic Recycling market growth?
What are the different segments of the Plastic Recycling Market?
What growth strategies are the players considering to increase their presence in Plastic Recycling ?
What are the upcoming industry applications and trends for the Plastic Recycling Market?
What segments are covered in the Plastic Recycling Market?
What segments are covered in the Plastic Recycling Market?
What are the key opportunities in the market?
What factors restrain the market growth?


๐„๐ฑ๐œ๐ข๐ญ๐ž๐ ๐ญ๐จ ๐๐ข๐ฏ๐ž ๐ข๐ง? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฎ๐ง๐œ๐จ๐ฏ๐ž๐ซ ๐ข๐ญ๐ฌ ๐œ๐จ๐ง๐ญ๐ž๐ง๐ญ๐ฌ:https://www.maximizemarketresearch.com/request-sample/55199/

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐œ๐ฎ๐ญ๐ญ๐ข๐ง๐ -๐ž๐๐ ๐ž ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Ÿ๐ซ๐จ๐ฆ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ข๐ฌ ๐ง๐จ๐ฐ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐ :

Global AI in Telecommunication Market https://www.maximizemarketresearch.com/market-report/artificial-intelligence-telecommunication-market/1639/

North America Ventilator Market https://www.maximizemarketresearch.com/market-report/north-america-ventilator-market/1792/

Global Workflow Automation Market https://www.maximizemarketresearch.com/market-report/global-workflow-automation-market/55819/

Global Metastatic Cancer Treatment Market https://www.maximizemarketresearch.com/market-report/global-metastatic-cancer-treatment-market/22159/

Earthmoving Equipment Market https://www.maximizemarketresearch.com/market-report/earthmoving-equipment-market/123477/

Global Solar Cell Modules Market https://www.maximizemarketresearch.com/market-report/global-solar-cell-modules-market/72469/

Global Electronic Warfare Industry Market https://www.maximizemarketresearch.com/market-report/global-electronic-warfare-industry-market/23485/

Global Cloud Migration Services Market https://www.maximizemarketresearch.com/market-report/global-cloud-migration-services-market/1376/

Global Chemical Logistics Market https://www.maximizemarketresearch.com/market-report/global-chemical-logistics-market/31110/

Global Industrial Automation and Control Systems Market https://www.maximizemarketresearch.com/market-report/global-industrial-automation-and-control-systems-market/106619/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

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sales@maximizemarketresearch.com

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๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Fuel Cell UAV Market Taking Flight at Robust Growth Pace: A Clean-Energy Drone Revolution at a CAGR of 13.95% from 2025 to 2032
08-29-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD
Fuel Cell UAV Market Taking Flight at Robust Growth Pace: A Clean-Energy Drone R โ€ฆ
The Fuel Cell UAV Market size was valued at USD 1661.38 Million in 2024 and the total Fuel Cell UAV revenue is expected to grow at a CAGR of 13.95% from 2025 to 2032, reaching nearly USD 4722.62 Million. Fuel Cell UAV Market Overview: Fuel-cell-powered unmanned aerial vehicles (UAVs) are swiftly redefining the drone landscape with their promise of prolonged flight times and greener operations. Leading aerospace innovators and emerging startups alikeโ€ฆ

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More Releases for Plastic

08-15-2024 | Leisure, Entertainment, Miscel โ€ฆ
yes or no Redaktion
Plastic bottles at events - Better party with plastic
Partying, dancing, camping - festivals attract hundreds of thousands of visitors every year in Germany alone. One challenge: supply and safety. For this reason, drinks in glass bottles are banned at most events due to the risk of injury. Lightweight and unbreakable plastic bottles, on the other hand, are considered a safe and practical alternative. Not only that: they can even be used to make a musical instrument. Festivals or pageantsโ€ฆ
04-19-2024 | Industry, Real Estate & Constr โ€ฆ
ABNewswire
Plastic Pallet With Plastic Crate Use: Efficient Material Handling
When it comes to efficient moving and storage of goods, a combination of plastic pallets [https://www.agriculture-solution.com/plastic-pallet/]and plastic crates is a popular choice. They are widely used in various industries such as manufacturing, retail, agriculture, etc. for storage and transportation of goods. Plastic pallets are designed to provide a stable base for stacking and shipping goods, while plastic crates provide safe and protective containers for stored or transported items. Plastic palletsโ€ฆ
02-01-2023 | Advertising, Media Consulting, โ€ฆ
HTF Market Intelligence Consulting Pvt. Ltd.
Plastic Granules Market to Witness Massive Growth by Balaji Plastic, Navkar Indu โ€ฆ
The Worldwide Plastic Granules Market has witnessed continuous growth in the past few years and is projected to grow at a good pace during the forecast period of 2023-2029. The exploration provides a 360ยฐ view and insights, highlighting major outcomes of Worldwide Plastic Granules industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improve profitability. Additionally, the study helps venture or emergingโ€ฆ
02-13-2019 | Industry, Real Estate & Constr โ€ฆ
Up Market Research (UMR)
Insights on the Growth of Plastic Granules Market 2018 to 2025 | Profiling Key C โ€ฆ
UpMarketResearch offers a Latest report on โ€œPlastic Granules Market Analysis & Forecast 2018-2025โ€ delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 114 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Request Sample Copy of This Report@ https://www.upmarketresearch.com/home/requested_sample/49052 Plastic Granules research report delivers a close watch on leading competitors with strategicโ€ฆ
01-17-2019 | Advertising, Media Consulting, โ€ฆ
HTF Market Intelligence Consulting Pvt. Ltd.
Agriculture Film Market SWOT Analysis of Leading Key Players Shandong Tianhe Pla โ€ฆ
HTF MI recently introduced Global Agriculture Film Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are British Polythene Industries (BPI), Trioplast, Berry Plastics, Armando Alvarez, Polypak, Barbierโ€ฆ
08-14-2018 | Business, Economy, Finances, B โ€ฆ
Research Beam
Building Materials Market 218 : Hepworth, National Plastic Industry, Hira Indust โ€ฆ
Building materials in this report covered the PVC pipes and fittings, PPR pipes and fittings, PE pipes and fittings, fabrication, ducts systems for infrastructure, valves and pumps and electrical conduits PVC systems. At present, Hepworth, National Plastic Industry, Hira Industries, Florance Plastic Industries, Polyfab Plastic Industry, MPI, Union Pipes Industry, ANABEEB, Borouge and ACO Group are the UAE leading suppliers of the building materials, and top ten of them shared aboutโ€ฆ