The Australia Recycled Plastic Market is primarily driven by the growing environmental concerns associated with plastics waste and growing need for sustainable plastic solutions. Recycled plastics find wide applications in packaging, construction, automotive, and furniture industries among others. Packaging industry accounts for the largest share of recycled plastics consumption in the country. Growing e-commerce sector and rising trends of consuming convenience foods have increased the packaging waste, which in turn is driving the demand for recycled plastics in packaging applications.

The Australia Recycled Plastic Market is estimated to be valued at USD 798.1 Mn in 2024 and is expected to reach USD 1,552.9 Mn by 2031, growing at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.





Key Takeaways

Key players operating in the Australia Recycled Plastic Market are Visy, Pact Group Holdings, SUEZ Recycling and Recovery, Cleanaway Waste Management, and Veolia.



Growing construction activities in the country owing to rising infrastructure development projects present significant growth opportunities for recycled plastics in construction applications. Moreover, rapid electric vehicle adoption is augmenting the demand for recycled plastics in automotive industry.



Advanced recycling technologies such as pyrolysis and chemical recycling are gaining traction in Australia. These technologies help convert mixed plastic waste into valuable hydrocarbon feedstocks and virgin-quality plastics, overcoming issues with mechanical recycling.



Market drivers

Stringent government regulations regarding plastics waste management and ban on single-use plastics are major market drivers in Australia Recycled Plastic Market. The implementing restrictions on virgin plastics and providing incentives for use of recycled plastics would further propel the recycled plastics market growth over the coming years.



Challenges in Australia Recycled Plastic Market



The Australia Recycled Plastic Market is currently facing major challenges due to rising plastic waste and negative environmental impact of non-degradable plastics. The waste management infrastructure and recycling facilities are unable to handle the huge amounts of plastic waste generated each year. There is a lack of effective regulations regarding ban on single-use plastics. Also, low global oil prices are discouraging the use of recycled plastics over virgin plastics.



SWOT Analysis



Strength: Established recycling infrastructure and high collection rates of plastics from households. Growing awareness among citizens regarding environmental issues is positively impacting the demand.



Weakness: Presence of complex polymer mixtures that are difficult and costly to recycle. Contamination of recycled plastics with other waste reduces their quality and value.



Opportunity: stringent regulations promoting use of post-consumer recycled content can significantly boost market. Developing advanced sorting and recycling technologies can improve quality of recycled plastics.



Threats: fluctuating recycled plastic prices depend on global oil prices. Collection and sorting of plastics require huge capital investments and operating costs.



The Australia Recycled Plastic Market is highly concentrated in densely populated eastern region consisting of states like New South Wales and Victoria due to availability of recycling infrastructure and collection network. Western Australia region isemerging as the fastest growing regional market supported by government initiatives to develop domestic recycling industry and reduce plastic waste imports.

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