Europe’s plastic recycling market is projected to grow from 22.90 million tonnes in 2020 to 34.234 million tonnes by 2030, a compound annual growth rate of 4.03%, according to a report added to ResearchAndMarkets.com’s offering. Growth is being supported by environmental awareness, carbon-reduction initiatives, regulatory action and rising demand for recycled plastic in packaging, pharmaceuticals, food and beverages, automotive manufacturing and other industrial applications. The report also highlights chemical recycling, a process that converts plastic waste into usable chemical feedstock, as an area creating additional opportunities. It cites Agilyx’s 2018 pilot project, which had capacity to produce 10 tonnes per day of styrene monomer from general-purpose and high-impact polystyrene, as well as Ineos Styrolution’s announced plans to apply the technology at a 100-kilotonne styrene monomer facility. The COVID-19 pandemic increased plastic consumption through personal protective equipment, masks, pharmaceutical products and ready-to-eat food packaging, intensifying pressure on waste-management systems while reinforcing demand for recycling infrastructure. The one-year subscription offers cloud-based demand and supply analysis, near-real-time updates and quarterly reporting on market developments across Europe. Coverage includes capacity, production, operating efficiency, end-use demand, sales channels, country-level trade, demand-supply gaps, competitive shares, investments, partnerships and transactions.