Global Plastic Credit Market Growth (Status and Outlook) 2025-2031
Description
According to this study, the global Plastic Credit market size will reach US$ 1827 million by 2031.
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.
LPI (LP Information)' newest research report, the “Plastic Credit Industry Forecast” looks at past sales and reviews total world Plastic Credit sales in 2024, providing a comprehensive analysis by region and market sector of projected Plastic Credit sales for 2025 through 2031. With Plastic Credit sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Plastic Credit industry.
This Insight Report provides a comprehensive analysis of the global Plastic Credit landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Plastic Credit portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Plastic Credit market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Plastic Credit and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Plastic Credit.
This report presents a comprehensive overview, market shares, and growth opportunities of Plastic Credit market by product type, application, key players and key regions and countries.
Segmentation by Type:
Recycling Credits
Upcycling Credits
Segmentation by Application:
Packaging Industry
Electronics Industry
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
PCX
Verra
rePurpose Global
Empower
Plastic Bank
Ecoex
TONTOTON
Waste4Change
Ampliphi
GemCorp
OceanWorks
Please note: The report will take approximately 2 business days to prepare and deliver.
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.
LPI (LP Information)' newest research report, the “Plastic Credit Industry Forecast” looks at past sales and reviews total world Plastic Credit sales in 2024, providing a comprehensive analysis by region and market sector of projected Plastic Credit sales for 2025 through 2031. With Plastic Credit sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Plastic Credit industry.
This Insight Report provides a comprehensive analysis of the global Plastic Credit landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Plastic Credit portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Plastic Credit market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Plastic Credit and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Plastic Credit.
This report presents a comprehensive overview, market shares, and growth opportunities of Plastic Credit market by product type, application, key players and key regions and countries.
Segmentation by Type:
Recycling Credits
Upcycling Credits
Segmentation by Application:
Packaging Industry
Electronics Industry
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
PCX
Verra
rePurpose Global
Empower
Plastic Bank
Ecoex
TONTOTON
Waste4Change
Ampliphi
GemCorp
OceanWorks
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
120 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Plastic Credit Market Size by Player
- 4 Plastic Credit by Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Global Plastic Credit Market Forecast
- 11 Key Players Analysis
- 12 Research Findings and Conclusion
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
