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Plastic-to-Fuel (PTF) Market is Anticipated to Register a CAGR of 13.8% for the Period From 2020 to 2026

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.


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aartimurkute

5 months ago | 3 min read
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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.

 For More Details: https://www.fairfieldmarketresearch.com/report/plastics-to-fuel-ptf-market

 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.

 Looking For a Sample Copy of This Report? Request the Same Here: https://www.fairfieldmarketresearch.com/report/plastics-to-fuel-ptf-market/request-sample

 About Us

Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.



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