Company: SEAH
Filing Date: 2025-07-24
Form Type: DRS
Source: 0001213900-25-067275
Chunk: 90

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-07-24
Form: DRS
Chunk 90
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 In comparison with virgin pulp, the price of waste paper is more stable and lower cost. This is particularly advantageous in contexts where resources are scarce and prices are volatile. In Asia, particularly in Southeast Asia, labor costs are relatively low, 66 which makes the collection, sorting and processing of waste paper relatively low cost. Furthermore, the continuous advancement of waste paper recycling technology has led to significant improvements in the quality and performance of recycled paper, thereby meeting the demand for the production of high -endpaper products. The convenience of raw material supply and cost advantages support the importance of waste paper in the Asian paper industry, and its consumption will continue to grow with the development of the industry. Market Outlook of Recycling Industry in Southeast Asia Japan’s high plastic recycling rate and battery recycling rate serve as a benchmark for Southeast Asia. Japan’s success stems from advanced infrastructure, mandatory recycling laws, and public participation in source separation, which Southeast Asia countries could emulate. The lower recycling rates in Southeast Asia reflect underdeveloped systems, but the region’s younger infrastructure allows for leapfrogging to advanced technologies like pyrolysis, unlike Japan’s established mechanical recycling focus. The recycling industry in Southeast Asia is poised for significant growth, driven by increasing waste generation, environmental concerns, supportive policies, and the region’s rapid economic development. The recycling industry in Southeast Asia has immense growth potential, with the recycled plastics market growing at 11.2% CAGR and recycled battery market at 35.7% CAGR from 2025 to 2029. Low current recycling rates compared to Japan highlight significant room for improvement. Opportunities lie in advanced technologies, policy reforms, and digitalization, but challenges like infrastructure gaps, high costs, and regulatory inconsistencies must be addressed. Collaborative efforts among governments, businesses, and communities, alongside international partnerships, will be crucial to transforming Southeast Asia’s waste crisis into a sustainable economic opportunity. Market Size of Recycled Plastics in Southeast Asia The recycled plastics market in Southeast Asia is estimated at $8.5 billion in 2024 and is projected to grow to $14.2 billion by 2029 at a CAGR of 11.2% from 2025 to 2029, driven by high waste generation, regulatory support, and demand from packaging and construction sectors. Compared to Japan’s advanced recycling system, with 86% of plastic recycling rate in 2024, Southeast Asia’s lower rates, ranging from 8% to 24%, highlight significant growth potential if infrastructure and policies improve. Investments in technologies like chemical