Plastic-to-Fuel (PTF) Market

Rising awareness about environmental protection followed by recovery of marketable fuel from plastic waste is expected to trigger investments into plastic-to-fuel technologies in the near future.

Global top 5 players in plastics-to-fuel (PTF) market includes: Peel L&P Holdings (UK) Limited, Plastic2Oil, Cynar Plc, Agilyx, and Klean Industries Inc.

Europe dominated and constituted more than 85% share of the global plastics-to-fuel (PTF) the market in 2020. In terms of CAGR, Asia Pacific remains the most lucrative markets for Plastics-to-fuel (PTF).

In terms of technology, pyrolysis remains the dominant technology utilized in converting/processing waste plastic to fuel. In 2020, pyrolysis technology constituted more than 56% share of the global plastics-to-fuel (PTF) market.

The global plastic waste management industry has been significantly affected by the containment of the spread of COVID-19 pandemic and limitations on commercial activities, mobility and manufacturing sector. Sudden halt in plastic waste collection and proper segregation has affected the continuous supply of raw material to plastic-to-fuel facilities.