Plastic-to-Fuel (PTF) Market Set to Soar, Valued at US$900.3 Million in 2020 and Expected to Reach US$1,884.3 Million by 2026
The global plastic-to-fuel (PTF) market is witnessing remarkable growth, offering an innovative solution to complement recycling initiatives and reduce greenhouse gas emissions. According to the latest market analysis, the PTF market was valued at US$900.3 million in 2020 and is projected to reach an estimated US$1,884.3 million by 2026, with a compound annual growth rate (CAGR) of 13.8% during the forecast period.
Plastic-to-fuel technologies are gaining momentum as they transform non-recycled plastics into valuable products, effectively addressing the challenge of plastic waste management. These technologies hold the potential to decrease greenhouse gas emissions by up to 60%-70% compared to traditional crude oil extraction methods.
Key Market Drivers:
Reducing Plastic Waste: With over...