According to a new report, published by KBV research, The Global Circular Polymers Market size is expected to reach $143.2 billion by 2030, rising at a market growth of 11.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 44,975.8 Kilo Tonnes experiencing a growth of 10.5% (2019-2022).
The Pellets segment is registering a strong potential in the Global Circular Polymers Market by Form in 2022, thereby achieving a market value of $77.6 billion by 2030. Pellets are easy to handle and process, making them suitable for injection molding, extrusion, and other manufacturing processes. Their consistent size and shape contribute to efficient and uniform processing in different industries, enhancing their appeal to manufacturers. Pellets are compact and have a high bulk density, making them easy to transport and store. This characteristic is particularly important for manufacturers, as it contributes to logistical efficiency and cost-effectiveness in the supply chain. Thus, the segment will grow rapidly in the coming years.
The Adhesives & Sealants segment is poised to witness a CAGR of 11.6% during (2023 - 2030). Adhesive and sealant manufacturers are incorporating circular polymers with recycled content into their formulations. These recycled materials can be sourced from post-consumer or post-industrial plastic waste, contributing to the reduction of plastic pollution and the efficient use of resources. These factors will lead to increased growth in the segment.
The Packaging segment is leading the Global Circular Polymers Market by End-use in 2022, thereby achieving a market value of $58.2 billion by 2030. Consumer preferences are shifting towards sustainable and eco-friendly products, including food packaging. Circular polymers, derived from recycled materials, align with these preferences, and brands are increasingly adopting them to meet consumer demands for environmentally conscious packaging. These aspects will help in boosting the demand in the segment.
The Polypropylene (PP) segment is experiencing a CAGR of 10.6% during (2023 - 2030). Polypropylene is a versatile polymer widely used in various applications, including packaging, textiles, automotive components, and consumer goods. Its versatility makes it a suitable candidate for circular polymers, allowing for the creation of a broad range of recycled products. Owing to these aspects, the segment will witness increased demand in the coming years.
The Asia Pacific region dominated the Global Circular Polymers Market by Region in 2022, thereby achieving a market value of $69.1 billion by 2030. The Europe region is experiencing a CAGR of 10.5% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 10.8% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/circular-polymers-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of LyondellBasell Industries Holdings B.V., SABIC (Saudi Arabian Oil Company), Ascend Performance Materials LLC (SK Capital and Partners), Veolia Environnement S.A., Exxon Mobil Corporation, Chevron Phillips Chemical Company LLC, Borealis AG (OMV), The Shakti Plastic Industries, Advanced Circular Polymers, and TotalEnergies SE.
By Form (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By End-use(Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Companies Profiled
Unique Offerings 
