Global Plastic Credit Market 2025 by Company, Regions, Type and Application, Forecast to 2031
Description
According to our latest research, the global Plastic Credit market size will reach USD 1793 million in 2031, growing at a CAGR of 23.0% over the analysis period.
Plastic credit is a mechanism designed to combat plastic pollution and promote sustainable plastic management. It can be defined as a tradable certificate or token that represents a specific amount of plastic waste that has been collected, recycled, or otherwise diverted from the environment or prevented from entering it.
Market Drivers
Increasing Environmental Awareness: Rising concerns about sustainability and environmental responsibility among consumers and organizations are fueling the market growth. Plastic credits provide a means to offset or reduce plastic consumption, aligning with the growing emphasis on combating plastic pollution.
Corporate Adoption: Many companies are eager to meet sustainability goals and showcase their commitment to environmental responsibility. They actively participate in plastic credit initiatives to offset their plastic footprint, contributing to a more sustainable and circular economy.
Technological Advancements: The development of innovative plastic credit platforms that leverage technologies like blockchain and digital platforms is on the rise. These platforms enhance the transparency and traceability of transactions, improving the efficiency of credit generation, tracking, and trading processes.
Collaborative Initiatives: There is an increasing number of collaborative efforts among stakeholders such as governments, businesses, NGOs, and waste management entities. They join hands to create comprehensive plastic credit programs, aiming to address plastic pollution collectively and foster a more coordinated approach to plastic waste management.
Challenges
Lack of Standardization: The market is still in its infancy, with wide variations in methodologies, credit types, and transparency across different programs. Without standardized guidelines, there is a risk of companies misusing plastic credits to claim environmental benefits without making substantial changes in their plastic use.
Voluntary Market Demand: Currently, the market demand for plastic credits is mostly voluntary and unpredictable, which poses a risk to the sustained growth of the market.
This report is a detailed and comprehensive analysis for global Plastic Credit market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Plastic Credit market size and forecasts, in consumption value ($ Million), 2020-2031
Global Plastic Credit market size and forecasts by region and country, in consumption value ($ Million), 2020-2031
Global Plastic Credit market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031
Global Plastic Credit market shares of main players, in revenue ($ Million), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Plastic Credit
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Plastic Credit market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include PCX, Verra, rePurpose Global, Empower, Plastic Bank, Ecoex, TONTOTON, Waste4Change, Ampliphi, GemCorp, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Plastic Credit market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Recycling Credits
Upcycling Credits
Market segment by Application
Packaging Industry
Electronics Industry
Others
Market segment by players, this report covers
PCX
Verra
rePurpose Global
Empower
Plastic Bank
Ecoex
TONTOTON
Waste4Change
Ampliphi
GemCorp
OceanWorks
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Plastic Credit product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Plastic Credit, with revenue, gross margin, and global market share of Plastic Credit from 2020 to 2025.
Chapter 3, the Plastic Credit competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and Plastic Credit market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Plastic Credit.
Chapter 13, to describe Plastic Credit research findings and conclusion.
Plastic credit is a mechanism designed to combat plastic pollution and promote sustainable plastic management. It can be defined as a tradable certificate or token that represents a specific amount of plastic waste that has been collected, recycled, or otherwise diverted from the environment or prevented from entering it.
Market Drivers
Increasing Environmental Awareness: Rising concerns about sustainability and environmental responsibility among consumers and organizations are fueling the market growth. Plastic credits provide a means to offset or reduce plastic consumption, aligning with the growing emphasis on combating plastic pollution.
Corporate Adoption: Many companies are eager to meet sustainability goals and showcase their commitment to environmental responsibility. They actively participate in plastic credit initiatives to offset their plastic footprint, contributing to a more sustainable and circular economy.
Technological Advancements: The development of innovative plastic credit platforms that leverage technologies like blockchain and digital platforms is on the rise. These platforms enhance the transparency and traceability of transactions, improving the efficiency of credit generation, tracking, and trading processes.
Collaborative Initiatives: There is an increasing number of collaborative efforts among stakeholders such as governments, businesses, NGOs, and waste management entities. They join hands to create comprehensive plastic credit programs, aiming to address plastic pollution collectively and foster a more coordinated approach to plastic waste management.
Challenges
Lack of Standardization: The market is still in its infancy, with wide variations in methodologies, credit types, and transparency across different programs. Without standardized guidelines, there is a risk of companies misusing plastic credits to claim environmental benefits without making substantial changes in their plastic use.
Voluntary Market Demand: Currently, the market demand for plastic credits is mostly voluntary and unpredictable, which poses a risk to the sustained growth of the market.
This report is a detailed and comprehensive analysis for global Plastic Credit market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Plastic Credit market size and forecasts, in consumption value ($ Million), 2020-2031
Global Plastic Credit market size and forecasts by region and country, in consumption value ($ Million), 2020-2031
Global Plastic Credit market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031
Global Plastic Credit market shares of main players, in revenue ($ Million), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Plastic Credit
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Plastic Credit market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include PCX, Verra, rePurpose Global, Empower, Plastic Bank, Ecoex, TONTOTON, Waste4Change, Ampliphi, GemCorp, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Plastic Credit market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Recycling Credits
Upcycling Credits
Market segment by Application
Packaging Industry
Electronics Industry
Others
Market segment by players, this report covers
PCX
Verra
rePurpose Global
Empower
Plastic Bank
Ecoex
TONTOTON
Waste4Change
Ampliphi
GemCorp
OceanWorks
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Plastic Credit product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Plastic Credit, with revenue, gross margin, and global market share of Plastic Credit from 2020 to 2025.
Chapter 3, the Plastic Credit competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and Plastic Credit market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Plastic Credit.
Chapter 13, to describe Plastic Credit research findings and conclusion.
Table of Contents
107 Pages
- 1 Market Overview
- 2 Company Profiles
- 3 Market Competition, by Players
- 4 Market Size Segment by Type
- 5 Market Size Segment by Application
- 6 North America
- 7 Europe
- 8 Asia-Pacific
- 9 South America
- 10 Middle East & Africa
- 11 Market Dynamics
- 12 Industry Chain Analysis
- 13 Research Findings and Conclusion
- 14 Appendix
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