Company: SEAH
Filing Date: 2025-11-24
Form Type: F-1/A
Source: 0001213900-25-113788
Chunk: 98

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-11-24
Form: F-1/A
Chunk 98
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, 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 recycling and initiatives like the Alliance to End Plastic Waste are poised to accelerate this growth. Source: The Frost & Sullivan Report 68 Market Size of Recycled Battery in Southeast Asia Market size of recycled battery in Southeast Asia increased from $43.7 million in 2019 to $150.0 million in 2024, at a CAGR of 28.0%. By 2040, Southeast Asia is projected to have 2,166 GWh of used batteries, enough to power over 1 million households for a year, requiring substantial recycling capacity growth by 2030. Policies such as Singapore’s $150 million circular economy investment aiming for 70% material recovery by 2025 and Indonesia’s electric goals with 13 million motorcycles and 2 million four -wheeledelectric vehicles by 2030 are boosting demand for recycled batteries. Advanced hydrometallurgical and pyrometallurgical processes are also enhancing recovery rates, with companies like SK tes in Singapore and EcoNiLi in Malaysia expanding operations. The recycled battery market in Southeast Asia is projected to grow to $702.6 million by 2029, with a CAGR of 35.7%. Source: The Frost & Sullivan Report Recycling of Plastic and Battery