- Plastic Bottles
- Fibers
- Films
- Foams
- Others
Plastic Recycling Market size was valued at USD 53,892.6 Million in 2023 and is poised to grow at a CAGR of 8.6% from 2024-2030. The plastic recycling market is a sector of the recycling industry that focuses on the collection, processing, and reuse of plastic waste materials. It involves converting used or discarded plastic products into new materials that can be used for various applications. The plastic recycling market is primarily driven by growing global awareness of plastic waste’s effects on the environment, including its impact on pollution, landfill space, and resource depletion. Moreover, the increasing demand for recycled plastics in various industries such as packaging, textiles, automotive, and so on contributes to the growth of the plastic recycling market.
However, the high cost of production of recycled plastics stands as a barrier to the growth of the plastic recycling market. Furthermore, advancements in innovative recycling technologies and processes present opportunities to improve the efficiency of plastic recycle. Key market players are continuously involved in developing plastic recycling solutions and establishing partnerships to further contribute to the expansion of the plastic recycling market. For instance, in March 2022, Faurecia, company of the Group FORVIA, and Veolia have signed a Research Agreement to jointly develop inventive recycled plastics for automotive interior modules, aiming to achieve an average of 30% of recycled content by 2025.
Study Period
2024-2030Base Year
2023CAGR
8.6%Largest Market
Asia PacificFastest Growing Market
North America
The global plastic recycling market has witnessed massive growth, driven by the government restrictions and policies. In order to encourage plastic recycling and lessen plastic waste, several governments worldwide have implemented regulations and policies into place including, waste management objectives, landfill restrictions, extended producer responsibility (EPR) schemes, and financial incentives for recycling programs. Moreover, technological advancements in recycling technologies and methods have enhanced the quality efficiency, and cost effectiveness. Innovations in sorting, cleaning, and processing technologies have made it easier to recycle a large variety of plastics and achieve greater recycling rates. These advancements attract investments and stimulate the plastic recycling market growth.
By Source Type
By Plastic Type
By Method Type
By Application
Geography
Plastic recycling market was valued at USD 53,892.6 Million in 2023 and is anticipated to grow at a CAGR of 8.6% over 2024-2030.
Increasing demand for recycled plastics, advancements in recycling technologies are some of the key opportunities for the companies to enhance their revenue over the forecast years.
Emphasis on Circular Economy and Brand Commitments to Sustainability are some of the major trends in the plastic recycling market.
Republic Services, Inc., MBA Polymers, Stericycle, REMONDIS SE & Co. KG, Shell international B.V., Republic Services, Alpek, Verra, Covetsro AG, Berry Global Group, Inc., Plastipak Holdings, Inc., Far Eastern New Century, Loop industries, inc., Veolia, LyondellBasell, Clean Harbors, Inc., Carbios, Biffa, Waste Connections, Inc. are some of the key market players.
1.Executive Summary |
2.Global Plastic Recycling Market Introduction |
2.1.Global Plastic Recycling Market - Taxonomy |
2.2.Global Plastic Recycling Market - Definitions |
2.2.1.Source Type |
2.2.2.Plastic Type |
2.2.3.Method Type |
2.2.4.Application |
2.2.5.Region |
3.Global Plastic Recycling Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Plastic Recycling Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Plastic Recycling Market By Source Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Plastic Bottles |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Fibers |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Films |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Foams |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Others |
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
6.Global Plastic Recycling Market By Plastic Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. PET |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. HDPE |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. PVC |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. LDPE |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. PP |
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. PS |
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
6.7. Others |
6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.7.3. Market Opportunity Analysis |
7.Global Plastic Recycling Market By Method Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Mechanical Recycling |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Chemical Recycling |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Energy Recycling |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Others |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
8.Global Plastic Recycling Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. Packaging |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Textile |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Electrical and Electronics |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Building and Construction |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Automotive |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Others |
8.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.6.3. Market Opportunity Analysis |
9.Global Plastic Recycling Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. North America |
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia Pacific (APAC) |
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Middle East and Africa (MEA) |
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Latin America |
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
10.North America Plastic Recycling Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Source Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Plastic Bottles |
10.1.2.Fibers |
10.1.3.Films |
10.1.4.Foams |
10.1.5.Others |
10.2. Plastic Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.PET |
10.2.2.HDPE |
10.2.3.PVC |
10.2.4.LDPE |
10.2.5.PP |
10.2.6.PS |
10.2.7.Others |
10.3. Method Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Mechanical Recycling |
10.3.2.Chemical Recycling |
10.3.3.Energy Recycling |
10.3.4.Others |
10.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Packaging |
10.4.2.Textile |
10.4.3.Electrical and Electronics |
10.4.4.Building and Construction |
10.4.5.Automotive |
10.4.6.Others |
10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.5.1.United States of America (USA) |
10.5.2.Canada |
11.Europe Plastic Recycling Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Source Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Plastic Bottles |
11.1.2.Fibers |
11.1.3.Films |
11.1.4.Foams |
11.1.5.Others |
11.2. Plastic Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.PET |
11.2.2.HDPE |
11.2.3.PVC |
11.2.4.LDPE |
11.2.5.PP |
11.2.6.PS |
11.2.7.Others |
11.3. Method Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Mechanical Recycling |
11.3.2.Chemical Recycling |
11.3.3.Energy Recycling |
11.3.4.Others |
11.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.Packaging |
11.4.2.Textile |
11.4.3.Electrical and Electronics |
11.4.4.Building and Construction |
11.4.5.Automotive |
11.4.6.Others |
11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.5.1.Germany |
11.5.2.France |
11.5.3.Italy |
11.5.4.United Kingdom (UK) |
11.5.5.Spain |
12.Asia Pacific (APAC) Plastic Recycling Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Source Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Plastic Bottles |
12.1.2.Fibers |
12.1.3.Films |
12.1.4.Foams |
12.1.5.Others |
12.2. Plastic Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.PET |
12.2.2.HDPE |
12.2.3.PVC |
12.2.4.LDPE |
12.2.5.PP |
12.2.6.PS |
12.2.7.Others |
12.3. Method Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Mechanical Recycling |
12.3.2.Chemical Recycling |
12.3.3.Energy Recycling |
12.3.4.Others |
12.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.Packaging |
12.4.2.Textile |
12.4.3.Electrical and Electronics |
12.4.4.Building and Construction |
12.4.5.Automotive |
12.4.6.Others |
12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.5.1.China |
12.5.2.India |
12.5.3.Australia and New Zealand (ANZ) |
12.5.4.Japan |
12.5.5.Rest of APAC |
13.Middle East and Africa (MEA) Plastic Recycling Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Source Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Plastic Bottles |
13.1.2.Fibers |
13.1.3.Films |
13.1.4.Foams |
13.1.5.Others |
13.2. Plastic Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.PET |
13.2.2.HDPE |
13.2.3.PVC |
13.2.4.LDPE |
13.2.5.PP |
13.2.6.PS |
13.2.7.Others |
13.3. Method Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Mechanical Recycling |
13.3.2.Chemical Recycling |
13.3.3.Energy Recycling |
13.3.4.Others |
13.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Packaging |
13.4.2.Textile |
13.4.3.Electrical and Electronics |
13.4.4.Building and Construction |
13.4.5.Automotive |
13.4.6.Others |
13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.5.1.GCC Countries |
13.5.2.South Africa |
13.5.3.Rest of MEA |
14.Latin America Plastic Recycling Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
14.1. Source Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.1.1.Plastic Bottles |
14.1.2.Fibers |
14.1.3.Films |
14.1.4.Foams |
14.1.5.Others |
14.2. Plastic Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.2.1.PET |
14.2.2.HDPE |
14.2.3.PVC |
14.2.4.LDPE |
14.2.5.PP |
14.2.6.PS |
14.2.7.Others |
14.3. Method Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.3.1.Mechanical Recycling |
14.3.2.Chemical Recycling |
14.3.3.Energy Recycling |
14.3.4.Others |
14.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.4.1.Packaging |
14.4.2.Textile |
14.4.3.Electrical and Electronics |
14.4.4.Building and Construction |
14.4.5.Automotive |
14.4.6.Others |
14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.5.1.Brazil |
14.5.2.Mexico |
14.5.3.Rest of LA |
15. Competition Landscape |
15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
15.2.1.Republic Services, Inc. |
15.2.2.MBA Polymers |
15.2.3.Stericycle |
15.2.4.REMONDIS SE & Co. KG |
15.2.5.shell international B.V. |
15.2.6.Republic Services |
15.2.7.Alpek |
15.2.8.Verra |
15.2.9.Covetsro AG |
15.2.10.Berry Global Group, Inc. |
15.2.11.Plastipak Holdings, Inc.Far Eastern New Century |
15.2.12.Loop industries, inc |
15.2.13.Veolia |
15.2.14.LyondellBasell |
15.2.15.Clean Harbors, Inc. |
15.2.16.Carbios |
15.2.17.Biffa |
15.2.18.Waste Connections, Inc. |
16. Research Methodology |
17. Appendix and Abbreviations |