PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1636554
PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1636554
The Europe Plastic Waste Management Market size is estimated at USD 36.69 billion in 2025, and is expected to reach USD 47.35 billion by 2030, at a CAGR of 5.23% during the forecast period (2025-2030).
The European Union revised its legislation on packaging and packaging waste, effective 2023. This revision is part of a broader goal to steer the packaging industry toward climate neutrality by 2050.
From 2023, eateries, delivery services, and restaurants were mandated to provide reusable containers as an option for takeout food, moving away from single-use plastics. By 2025, the United Kingdom is projected to require disposable beverage bottles to contain a minimum of 25% recycled plastic content.
These new policies are poised to usher in a wave of business opportunities, particularly benefiting smaller enterprises. They will also reduce the reliance on virgin materials, bolster Europe's recycling capabilities, and lessen the continent's dependence on primary resources and external suppliers. Crucially, these initiatives are set to align the packaging industry with climate neutrality targets by 2050.
While striving for ambitious net-zero and net-positive goals, the plastics industry hinges on three pillars, i.e., speed, workforce, and policy. Achieving these milestones positions Europe competitively and marks a significant stride in combating climate change. The upcoming three to five years will be pivotal in gauging the industry's ability to decarbonize by mid-century.
Plastics, lauded for their affordability, durability, and versatility, have entrenched themselves in the global society. However, the limitations in their disposal pose a significant environmental threat. The United Kingdom stands out in its plastic waste production, with its households discarding a monumental 100 billion plastic packaging pieces annually, averaging 66 per week. In 2021, the country generated 2.5 million metric tons of plastic packaging waste.
Despite heightened environmental awareness, the country's recycling rate for plastic packaging waste lingered at 44% in 2021, which remained relatively static for half a decade. This rate encompasses both direct recycling and energy recovery from incineration. Alarmingly, nearly half of the United Kingdom's plastic waste is incinerated for energy, while a mere 12% is recycled domestically, with 25% ending up in landfills and the rest shipped overseas.
With insufficient domestic processing capabilities, the United Kingdom has increasingly turned to exports, notably channeling a significant portion to the Netherlands, which accounted for a quarter of UK plastic waste imports in 2022. However, the global scenario is shifting. Countries like China, a traditional waste importer, have clamped down on such practices, intensifying the pressure on the United Kingdom to revamp its waste management strategies. Calls for bolstered recycling infrastructure and the adoption of advanced recycling technologies have grown louder.
Given the slow decomposition rate of plastic, concerns over pollution are mounting in the United Kingdom. In response, the UK government has initiated various policies, including the single-use carrier bag charge, which has notably curbed supermarket plastic bag issuance. Calls for further bans have emerged, with Scotland leading the way by prohibiting problematic single-use plastics like cutlery, plates, and coffee cups. Following suit, England was set to implement a similar ban starting October 1, 2023. Additionally, a nationwide deposit return scheme (DRS) for beverage containers, initially slated for 2023, has been delayed to 2025, citing economic challenges.
The European plastic waste management market is fragmented in nature. It boasts a competitive landscape shaped by key players such as Veolia Environnement SA, Suez, Remondis, Biffa, Waste Management Inc., and Renewi. These industry leaders vie for market share through pioneering recycling technologies, streamlined collection and sorting, and eco-conscious waste disposal methods. Their strategies pivot on adhering to regulations, championing circular economy tenets, and curbing the environmental toll of plastic waste.