Vietnam Plastic Recycling Market By Industry Size, And Share, Manufacturers, Demand, Forecast 2027 - TechSci Research
Vietnam plastic recycling market is anticipated to grow with over 6% CAGR value during the forecast period, 2023-2027. The volume share of the market in the year 2021 was 470 thousand tonnes. Government’s favorable initiatives to decrease the usage of plastic wraps, and growing demand for the recycling of the plastic products to avoid disposition of plastic carelessly is further driving the growth of the Vietnam plastic recycling market in the upcoming five years. Rising concerns among the population regarding degrading environment and threat to the ecosystem due to accumulating plastics is also supporting the growth of the Vietnam plastic recycling market. Reprocessing of plastic waste such that new product can be manufactured, or the plastic waste can be disposed easily is the process termed as plastic recycling. Plastic recycling can help in reduction of plastic waste filling the landfills, conserve resources and thus save the environment from degradation. Well maintained and multi...