Global Plastic to Fuel Market to 2028 – Featuring Agilyx, Klean Industries and MK Aromatics Among Others – ResearchAndMarkets.com – QNT Press Release

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The “Plastic to Fuel Market Forecast to 2028 – COVID-19 Impact and Global Analysis” report has been added to ResearchAndMarkets.com’s offering.

The plastic to fuel market was valued at US$ 3521.09 million in 2021 and is projected to reach US$ 8804.20 million by 2028; it is expected to grow at a CAGR of 14.0% from 2021 to 2028.

With the rise of the human population, rapid economic expansion, ongoing urbanization, and changes in lifestyle, plastic waste production and consumption is rising at an alarming rate. Plastic waste has been a growing concern across the world in recent years. With a growing reliance on plastic, the practice of discarding plastic carelessly has become commonplace. Several waste-to-wealth methods have been created throughout the years to recycle and reuse plastic in novel ways. Converting plastic waste to fuel and making it useable for both residential and industrial needs is one of the current innovations. Plastic to fuel conversion has previously been successfully done in countries such as Japan, Germany, and the US. These three have also been effective in turning conversion processes into viable company models. Similarly, countries such as India and Canada are increasingly adopting the plastic to fuel process.

Based on technology, the pyrolysis segment held the largest share in the global plastic to fuel market. …

Full story available on Benzinga.com

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