Thailand recycled plastic resin market value is expected to reach 23.56 billion baht, an increase of 14.7% over 2013.
Thai think tank-LAITAI research center on the 17th, said the current plastics consumption growth as the population continues to increase, but the plastic that are not degradable have caused environmental pollution threat to Thailand, therefore, recycling has begun to solve environmental problems, reduce waste as well as one of the best ways to add value rubbish.
The center estimates that the plastic products processing plastic trash can add value from 126.8% to 147.4%. Data show that Thailand has been recycled plastics market grew by leaps and bounds, in 2013 the country will significantly increase the amount of recycled plastics 48.8% higher than in 2011, 50 million tons to 800,000 tons.
This research agency experts Thailand recycled plastic resin market value in 2014 will reach 23.56 billion baht, 14.7% higher than in 2013, its main support factor is the Thai domestic and foreign demand for recycled plastic resin growth for production, including toys, plastic products, furniture, auto parts and electronic components, etc.
Kaitai Research Center, said in 2015 in Thailand recycled plastics industry will continue to grow, mainly because there are more large manufacturers in Thailand and overseas investment in renewable plastics industry, these companies were especially has a wealth of garbage in plastic garbage expertise and experience.
The center is expected in 2015, Thailand’s total investment in the proportion of plastics recycled plastic garbage plastic garbage accounted for to promote an increase from 16.8 to 22.7 percent in 2014 over its recycled plastic resin market value, reached 27.52 billion baht to 28.9 billion baht.