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
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