Page 32 - Plastics News February 2025
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FEATURE NEWS
Polymer Market Trends in Waste
Management: 2025-2030 Outlook
ponds. Due to its strength and resistance to ex-
treme conditions, it is useful in geomembranes
and liners. This material also performs well
across a wide temperature range. Sustainable
construction and renewable energy projects will
increase the demand for eco-friendly polymers.
EPDM will play a key role in roofing systems and
solar panel components, helping to reduce envi-
ronmental impact.
Key Regions and Industry Leaders
he polymer waste management market
will reach USD 6 billion by 2030, grow- The Asia Pacific region led the market in 2024,
Ting at a Compound Annual Growth Rate accounting for 36.9% of global revenue. Coun-
(CAGR) of 2.7% from 2025. tries like China and India, with high plastic con-
sumption and large populations, generated
In 2024, the polymer waste management mar- significant polymer waste. In response, China
ket reached USD 4.87 billion and is set to grow banned non-industrial plastic imports and sig-
as demand for effective waste disposal solu- nificantly increased its investments in advanced
tions increases. Sustainability and recycling con- recycling technologies.
tinue to gain importance, driving the industry’s
transformation, with governments and industries North America will grow rapidly in the coming
at the forefront of these changes. years. Initiatives like the U.S. plan to eliminate
Key Polymer Segments single-use plastics from federal operations by
High-density polyethylene (HDPE) led the mar-
ket last year, representing 53.1% of the an-
nual earnings. Its recyclability makes it perfect
for packaging and infrastructure applications.
Therefore, companies are increasing the use of
recycled HDPE to meet the rising demand for
eco-friendly products. This lowers costs and en-
sures compliance with regulations.
The ethylene propylene diene monomer (EPDM)
segment will grow significantly during the fore- 2035 support this growth. Waste Management,
cast period. EPDM prevents leaks in landfills and for example, is upgrading recycling facilities with
32 PLASTICS NEWS February 2025
