The plastic to fuel market in Europe is expected to grow from US$ 662.58 million in 2022 to US$ 1,593.50 million by 2028. It is estimated to grow at a CAGR of 15.7% from 2022 to 2028.

Growing Awareness Regarding Green House Gas Emission from Fuel Making Sector

In 2016, the world created an estimated 2.01 billion tons of municipal waste. The amount of municipal waste is expected to reach 3.4 billion tons by 2050. Food and green waste account for 44% of worldwide garbage, while dry recyclables such as paper, cardboard, plastic, glass, and metal account for 38%. Due to economic development, population expansion, and the degree of urbanization, it is predicted that the quantity of waste created may continue to rise. However, at least 33% of garbage is thrown in the open and is not managed in an environmentally friendly manner. Approximately 93% of garbage is burnt or deposited on road easements, open areas, or rivers, particularly in low-income nations. Nonrecyclable polymers such as polystyrene, polyethylene terephthalate (PET), and polyvinyl chloride (PVC) are currently the major sources of concern. More than 90% of plastic is not recycled and is discarded, landfilled, or simply poured into the ocean instead. Only 9–10% of waste plastic has been collected and recycled, implying that only 9–10% of waste plastic has been collected and recycled. This opens up a huge market potential for the plastic-to-fuel industry, since recycling these waste plastics will produce nonrecyclable waste plastics that can be used in PFT in the not-too-distant future. As a result, the demand for plastic to fuel facilities is projected to rise as nonrecyclable plastics are recovered from recycling facilities and new/landfill sources. Waste to energy (WTE), in particular, has a role to play in achieving the transformation to a sustainable energy ecosystem as a renewable energy source to reduce greenhouse gas (GHG) emissions, a clean demand response option, an eco-industrial park design consideration, and sometimes the only option for end-of-life waste treatment.

Market Overview

France, Germany, Italy, UK, Russia, and rest of Europe are the key contributors to the plastic to fuel market in the Europe. According to the data published by the European Environmental Agency in 2018, the type of plastic production in the European countries includes packaging (39.9%); building & construction (19.8%); Automotive (9.9%); electrical & electronic equipment (6.2%); agriculture (3.4%); household, leisure & sports (4.1%) and other (16.7%). Out of the total plastic produced by the region, 32.5% was recycled in 2018, followed by 42.6% utilized for energy recovery, and the remaining was dumped into landfills. The rising government initiatives to promote the recycling of plastic waste across the region are influencing companies to invest in the same. Owing to Europe’s Green Deal and Sustainability Ambitions, companies are encouraged to invest in the recycling of plastic for reuse and energy recovery. The European Commission estimates that energy savings from recycling all the global plastic waste would take 3.5 billion barrels of oil out of the equation per year. Thus, the rising government initiatives to promote the recycling and energy recovery of plastic waste are contributing to the growth of the European plastic to fuel market. In December 2020, the company entered a strategic partnership with SABIC to build a unit in the Netherlands, the construction of which is expected to start from 2021. Similarly, in September 2019, BlueAlp announced its plan to build a waste plastic recycling plant in the Netherlands and Belgium on behalf of the Dutch-Belgian consortium. Thus, the above-mentioned initiatives are boosting the growth of the Europe plastic to fuel market across the European region.

Europe Plastic to Fuel Market Segmentation

The Europe plastic to fuel market is segmented into technology, end product, and country.

Based on technology, the market is segmented into pyrolysis, gasification, and depolymerization. The pyrolysis segment registered the largest market share in 2022.

Based on end product, the market is segmented into crude oil, hydrogen, and others. The crude oil segment held a largest market share in 2022.

Based on country, the market is segmented into France, Germany, Italy, UK, Russia, and Rest of Europe. UK dominated the market share in 2022.

Agilyx; Klean Industries Inc; Plastic2Oil, Inc; Cassandra Oil AB; Plastic Advanced Recycling Corp.; and OMV Aktiengesellschaft are the leading companies operating in the Europe plastic to fuel market in the region.

TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Plastic to Fuel Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
5. Europe Plastic to Fuel – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Awareness Regarding Green House Gas Emission from Fuel Making Sector
5.1.2 Increasing Energy Requirement
5.2 Market Restraints
5.2.1 Concerns Regarding Usage of Non-renewable Energy Sources
5.3 Market Opportunities
5.3.1 Introduction of Go Green Process
5.4 Future Trends
5.4.1 Waste to Fuel Initiatives
5.5 Impact Analysis of Drivers and Restraints
6. Plastic to Fuel – Europe Market Analysis
6.1 Europe Plastic to Fuel Market Overview
6.2 Europe Plastic to Fuel Market Revenue Forecast and Analysis
7. Europe Plastic to Fuel Market– by Technology
7.1 Overview
7.2 Europe Plastic to Fuel Market, by Technology (2021 and 2028)
7.3 Pyrolysis
7.3.1 Overview
7.3.2 Pyrolysis: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)
7.4 Gasification
7.4.1 Overview
7.4.2 Gasification: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)
7.5 Depolymerization
7.5.1 Overview
7.5.2 Depolymerization: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)
8. Europe Plastic to Fuel Market– by End Product
8.1 Overview
8.2 Europe Plastic to Fuel Market, by End Product (2021 and 2028)
8.3 Crude Oil
8.3.1 Overview
8.3.2 Crude Oil: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)
8.4 Hydrogen
8.4.1 Overview
8.4.2 Hydrogen: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)
9. Europe Plastic to Fuel Market – Country Analysis
9.1 Overview
9.1.1 Europe: Plastic to Fuel Market, by Key Country
9.1.1.1 Germany: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: Plastic to Fuel Market, by Technology
9.1.1.1.2 Germany: Plastic to Fuel Market, by End Product
9.1.1.2 France: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: Plastic to Fuel Market, by Technology
9.1.1.2.2 France: Plastic to Fuel Market, by End Product
9.1.1.3 Italy: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Plastic to Fuel Market, by Technology
9.1.1.3.2 Italy: Plastic to Fuel Market, by End Product
9.1.1.4 UK: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: Plastic to Fuel Market, by Technology
9.1.1.4.2 UK: Plastic to Fuel Market, by End Product
9.1.1.5 Russia: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Plastic to Fuel Market, by Technology
9.1.1.5.2 Russia: Plastic to Fuel Market, by End Product
9.1.1.6 Rest of Europe: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Plastic to Fuel Market, by Technology
9.1.1.6.2 Rest of Europe: Plastic to Fuel Market, by End Product
10. Industry Landscape
10.1 Market Initiative
10.2 Merger and Acquisition
10.3 New Development
11. Company Profiles
11.1 Agilyx
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Klean Industries Inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Plastic2Oil, Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Cassandra Oil AB
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Plastic Advanced Recycling Corp.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 OMV Aktiengesellschaft
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index

LIST OF TABLES

Table 1. Europe Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)
Table 4. France: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)
Table 5. France: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)
Table 6. Italy: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)
Table 8. UK: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)
Table 9. UK: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)
Table 10. Russia: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Europe: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation

LIST OF FIGURES

Figure 1. Europe Plastic to Fuel Market Segmentation
Figure 2. Europe Plastic to Fuel Market Segmentation – By Country
Figure 3. Europe Plastic to Fuel Market Overview
Figure 4. Europe Plastic to Fuel Market, By Technology
Figure 5. Europe Plastic to Fuel Market, By End Product
Figure 6. Europe Plastic to Fuel Market, By Country
Figure 7. Europe – PEST Analysis
Figure 8. Europe Plastic to Fuel Market: Ecosystem Analysis
Figure 9. Europe Plastic to Fuel Market: Impact Analysis of Drivers and Restraints
Figure 10. Europe Plastic to Fuel Market Revenue Forecast and Analysis (US$ Million)
Figure 11. Europe Plastic to Fuel Market, by Technology (2021 and 2028)
Figure 12. Europe Pyrolysis: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Gasification: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Depolymerization: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Plastic to Fuel Market, by End Product (2021 and 2028)
Figure 16. Europe Crude Oil: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Hydrogen: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Others: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe: Plastic to Fuel Market, By Key Country- Revenue (2021) (US$ Million)
Figure 20. Europe: Plastic to Fuel Market Revenue Share, By Key Country (2021 and 2028)
Figure 21. Germany: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. France: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Italy: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. UK: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Russia: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Rest of Europe: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe plastic to fuel market.
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the Europe plastic to fuel market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the plastic to fuel market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

The List of Companies – Europe Plastic to Fuel Market

● Agilyx
● Klean Industries Inc.
● Plastic2Oil, Inc.
● Cassandra Oil AB
● Plastic Advanced Recycling Corp.
● OMV Aktiengesellschaft

At 15.7% CAGR, the Europe Plastic to Fuel Market is speculated to be worth US$ 1,593.50 million by 2028, says The Insight Partners

According to the Insight Partners’ research, the Europe plastic to fuel market was valued at US$ 662.58 million in 2022 and is expected to reach US$ 1,593.50 million by 2028, registering an annual growth rate of 15.7% from 2022 to 2028. Increasing energy requirement and growing awareness regarding greenhouse gas emission from fuel making sector are the critical factors attributed to the market expansion.

Electricity is at the heart of modern economies, and it accounts for an increasing proportion of energy services. As a result of increased family incomes, electrification of transportation and heat, and a rise in demand for digital linked gadgets and air conditioning, the energy demand is expected to rise even more. Based on the current stated policies Scenario, the global electricity consumption will grow at a rate of 2.1% per year until 2040, more than double the rate of primary energy demand. As a result, electricity’s share of total final energy consumption will increase from 19% in 2018 to 24% in 2040. In emerging nations, the increase in energy consumption is projected to be particularly large. Government policies, market conditions, and available technology all work together in the Stated Policies Scenario to shift energy supply toward low-carbon sources, with their share growing from 36% (current share) to 52% in 2040. Furthermore, the rising electricity demand was one of the main reasons why global CO2 emissions from the power sector reached a new high in 2018. However, the commercial availability of a diverse range of low-emission generation technologies places electricity at the forefront of efforts to combat climate change and pollution, which is increasing the demand for alternate solutions, thereby resulting in PTF market expansion.

On the contrary, concerns regarding usage of non-renewable energy sources hurdles the growth of Europe plastic to fuel market.

Based on technology, the Europe plastic to fuel market is segmented into pyrolysis, gasification, and depolymerization. The pyrolysis segment held 66.7% market share in 2022, amassing US$ 442.06 million. It is projected to garner US$ 1,064.02 million by 2028 to expand at 15.8% CAGR during 2022–2028.

Based on end product, the Europe plastic to fuel market is segmented into crude oil, hydrogen, and others. The crude oil segment held 57.2% market share in 2022, amassing US$ 379.30 million. It is projected to garner US$ 861.99 million by 2028 to expand at 14.7% CAGR during 2022–2028.

Based on country, the Europe plastic to fuel market has been categorized into France, Germany, Italy, UK, Russia, and rest of Europe. Our regional analysis states that UK captured 32.9% market share in 2022. It was assessed at US$ 217.72 million in 2022 and is likely to hit US$ 519.16 million by 2028, exhibiting a CAGR of 15.6% during the forecast period.

Key players profiles in the Europe plastic to fuel market report are Agilyx; Klean Industries Inc; Plastic2Oil, Inc; Cassandra Oil AB; Plastic Advanced Recycling Corp.; and OMV Aktiengesellschaft, among others.