
Recycled Plastics Market
Recycled Plastics Market Forecasts to 2030 - Global Analysis By Type (Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE) and Other Types), Form (Bottles, Films, Fibers and Other Forms), Process, End User and By Geography

Years Covered |
2022-2030 |
Estimated Year Value (2024) |
US $76.4 BN |
Projected Year Value (2030) |
US $136.1 BN |
CAGR (2024-2030) |
10.1% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
Asia Pacific |
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Recycled Plastics Market is accounted for $76.4 billion in 2024 and is expected to reach $136.1 billion by 2030 growing at a CAGR of 10.1% during the forecast period. Recycled Plastics are powerful electric engines driving machinery in factories, plants, and utilities. Recycled plastics are materials recovered and processed from waste plastic products to create new items. This process reduces the need for virgin plastic production, conserves resources, and mitigates environmental impact. The market is witnessing significant growth due to increased environmental awareness, government regulations, and advancements in recycling technologies.
According to data from the United Nations Environment Programme (UNEP), global plastic production has grown exponentially from 2 million metric tons in 1950 to 348 million metric tons in 2017. This massive increase in plastic production is a key driver for the growth of the recycled plastics market.
Market Dynamics:
Driver:
Growing consumer and governmental focus
Consumers are becoming more environmentally conscious, preferring products with sustainable packaging. Governments worldwide are implementing policies to reduce plastic waste and promote recycling. These factors are compelling manufacturers to adopt recycled plastics, thereby boosting market growth. The shift towards a circular economy and the emphasis on reducing carbon footprints further enhance the market's expansion.
Restraint:
High processing costs
The high processing costs associated with recycling plastics pose a significant restraint to market growth. The recycling process involves several stages, including collection, sorting, cleaning, and reprocessing, which require substantial investment in technology and infrastructure. Additionally, the cost of recycled plastics can sometimes be higher than that of virgin plastics, making it less attractive to cost-sensitive industries. These economic challenges can hinder the widespread adoption of recycled plastics, particularly in developing regions.
Opportunity:
Innovative recycling technologies
Innovative recycling technologies present a substantial opportunity for the recycled plastics market. Advances in chemical recycling, improved sorting techniques, and the development of more efficient processing methods are enhancing the quality and cost-effectiveness of recycled plastics. These technological innovations enable the recycling of a broader range of plastic types and improve the purity of the recycled material. As these technologies become more accessible and scalable, they are expected to drive significant growth in the recycled plastics market.
Threat:
Competition from alternative materials
The competition from alternative materials, such as biodegradable plastics and other sustainable packaging solutions, poses a threat to the recycled plastics market. These alternatives are gaining popularity due to their environmental benefits and the growing consumer preference for eco-friendly products. Additionally, advancements in material science are leading to the development of new, more sustainable materials that could potentially replace traditional plastics. This competition can limit the market share and growth potential of recycled plastics.
Covid-19 Impact:
The COVID-19 pandemic had a mixed impact on the recycled plastics market. While the demand for packaging materials surged due to increased e-commerce and home deliveries, the recycling industry faced challenges such as supply chain disruptions and reduced collection rates. The pandemic highlighted the importance of sustainable packaging, driving long-term growth prospects for recycled plastics despite short-term operational challenges.
The polyethylene terephthalate (PET) segment is expected to be the largest during the forecast period
The polyethylene terephthalate (PET) segment is expected to be the largest during the forecast period. PET is widely used in packaging applications, particularly for beverages, due to its excellent strength, lightweight, and recyclability. The high recycling rate of PET and its extensive use in consumer goods packaging drive its dominance in the market. The increasing demand for sustainable packaging solutions in the food and beverage industry further boosts the growth of the PET segment.
The films segment is expected to have the highest CAGR during the forecast period
The films segment is expected to have the highest CAGR during the forecast period. Recycled plastic films are extensively used in packaging, agriculture, and construction due to their flexibility, durability, and cost-effectiveness. The growing demand for sustainable packaging solutions and the increasing use of plastic films in various industrial applications drive the rapid growth of this segment. Technological advancements in film recycling processes also contribute to the high CAGR of the films segment.
Region with largest share:
The Asia Pacific region is positioned to dominate the Recycled Plastics Market. The region's large population, rapid industrialization, and increasing environmental awareness drive the demand for recycled plastics. Countries like China, India, and Japan are investing heavily in recycling infrastructure and implementing stringent regulations to promote sustainable practices. The growing packaging, automotive, and construction industries in the region further contribute to its leading market share.
Region with highest CAGR:
The Europe region anticipates rapid growth in the Recycled Plastics Market. The region's strong regulatory framework, commitment to sustainability, and advanced recycling technologies drive market expansion. European countries are leading the way in implementing circular economy practices and reducing plastic waste. The increasing consumer preference for eco-friendly products and the significant investments in recycling infrastructure contribute to the high CAGR in Europe.
Key players in the market
Some of the key players in Recycled Plastics Market include Veolia Environnement S.A., Suez S.A., Waste Management, Inc., Republic Services, Inc., Biffa plc, Stericycle, Inc., Clean Harbors, Inc., Covanta Holding Corporation, Remondis SE & Co. KG, Advanced Disposal Services, Inc., Casella Waste Systems, Inc., GFL Environmental Inc., Waste Connections, Inc., TerraCycle, Placon Corporation, Custom Polymers, Inc., KW Plastics, MBA Polymers, Inc., Green Line Polymers and Envision Plastics.
Key Developments:
In January 2024, Circularix, a pioneering manufacturer in the recycled plastics industry, today announced a supply agreement with Republic Services, a leader in the environmental services industry, aimed at advancing the circularity of recycled PET (Polyethylene Terephthalate). This agreement represents a significant step toward promoting sustainability and reducing the carbon footprint and environmental impact of plastics in consumer packaging and other applications.
In January 2024, Suez has partnered with SK Geo Centric to establish a PET plastic and fiber recycling plant in France using Loop Industries technology. This facility aims to produce 100% recycled and infinitely recyclable PET resins.
In April 2023, Biffa has acquired Esterpet, a PET plastic recycling company, and a minority stake in Esterform, a PET preforms manufacturer. They have also released a guide to Extended Producer Responsibility (EPR) to help UK businesses meet new packaging waste obligations.?
Types Covered:
• Polyethylene Terephthalate (PET)
• High-Density Polyethylene (HDPE)
• Low-Density Polyethylene (LDPE)
• Polypropylene (PP)
• Polystyrene (PS)
• Polyvinyl Chloride (PVC)
• Polyamide (PA)
• Other Types
Forms Covered:
• Bottles
• Films
• Fibers
• Foams
• Other Forms
Processes Covered:
• Mechanical Recycling
• Chemical Recycling
• Biological Recycling
End Users Covered:
• Agriculture
• Automotive
• Building & Construction
• Consumer Goods
• Electrical & Electronics
• Food & Beverage
• Industrial
• Pharmaceuticals
• Retail
• Textiles
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Recycled Plastics Market, By Type
5.1 Introduction
5.2 Polyethylene Terephthalate (PET)
5.3 High-Density Polyethylene (HDPE)
5.4 Low-Density Polyethylene (LDPE)
5.5 Polypropylene (PP)
5.6 Polystyrene (PS)
5.7 Polyvinyl Chloride (PVC)
5.8 Polyamide (PA)
5.9 Other Types
6 Global Recycled Plastics Market, By Form
6.1 Introduction
6.2 Bottles
6.3 Films
6.4 Fibers
6.5 Foams
6.6 Other Forms
7 Global Recycled Plastics Market, By Process
7.1 Introduction
7.2 Mechanical Recycling
7.3 Chemical Recycling
7.4 Biological Recycling
8 Global Recycled Plastics Market, By End User
8.1 Introduction
8.2 Agriculture
8.3 Automotive
8.4 Building & Construction
8.5 Consumer Goods
8.6 Electrical & Electronics
8.7 Food & Beverage
8.8 Industrial
8.9 Pharmaceuticals
8.10 Retail
8.11 Textiles
8.12 Other End Users
9 Global Recycled Plastics Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Veolia Environnement S.A.
11.2 Suez S.A.
11.3 Waste Management, Inc.
11.4 Republic Services, Inc.
11.5 Biffa plc
11.6 Stericycle, Inc.
11.7 Clean Harbors, Inc.
11.8 Covanta Holding Corporation
11.9 Remondis SE & Co. KG
11.10 Advanced Disposal Services, Inc.
11.11 Casella Waste Systems, Inc.
11.12 GFL Environmental Inc.
11.13 Waste Connections, Inc.
11.14 TerraCycle
11.15 Placon Corporation
11.16 Custom Polymers, Inc.
11.17 KW Plastics
11.18 MBA Polymers, Inc.
11.19 Green Line Polymers
11.20 Envision Plastics
List of Tables
1 Global Recycled Plastics Market Outlook, By Region (2022-2030) ($MN)
2 Global Recycled Plastics Market Outlook, By Type (2022-2030) ($MN)
3 Global Recycled Plastics Market Outlook, By Polyethylene Terephthalate (PET) (2022-2030) ($MN)
4 Global Recycled Plastics Market Outlook, By High-Density Polyethylene (HDPE) (2022-2030) ($MN)
5 Global Recycled Plastics Market Outlook, By Low-Density Polyethylene (LDPE) (2022-2030) ($MN)
6 Global Recycled Plastics Market Outlook, By Polypropylene (PP) (2022-2030) ($MN)
7 Global Recycled Plastics Market Outlook, By Polystyrene (PS) (2022-2030) ($MN)
8 Global Recycled Plastics Market Outlook, By Polyvinyl Chloride (PVC) (2022-2030) ($MN)
9 Global Recycled Plastics Market Outlook, By Polyamide (PA) (2022-2030) ($MN)
10 Global Recycled Plastics Market Outlook, By Other Types (2022-2030) ($MN)
11 Global Recycled Plastics Market Outlook, By Form (2022-2030) ($MN)
12 Global Recycled Plastics Market Outlook, By Bottles (2022-2030) ($MN)
13 Global Recycled Plastics Market Outlook, By Films (2022-2030) ($MN)
14 Global Recycled Plastics Market Outlook, By Fibers (2022-2030) ($MN)
15 Global Recycled Plastics Market Outlook, By Foams (2022-2030) ($MN)
16 Global Recycled Plastics Market Outlook, By Other Forms (2022-2030) ($MN)
17 Global Recycled Plastics Market Outlook, By Process (2022-2030) ($MN)
18 Global Recycled Plastics Market Outlook, By Mechanical Recycling (2022-2030) ($MN)
19 Global Recycled Plastics Market Outlook, By Chemical Recycling (2022-2030) ($MN)
20 Global Recycled Plastics Market Outlook, By Biological Recycling (2022-2030) ($MN)
21 Global Recycled Plastics Market Outlook, By End User (2022-2030) ($MN)
22 Global Recycled Plastics Market Outlook, By Agriculture (2022-2030) ($MN)
23 Global Recycled Plastics Market Outlook, By Automotive (2022-2030) ($MN)
24 Global Recycled Plastics Market Outlook, By Building & Construction (2022-2030) ($MN)
25 Global Recycled Plastics Market Outlook, By Consumer Goods (2022-2030) ($MN)
26 Global Recycled Plastics Market Outlook, By Electrical & Electronics (2022-2030) ($MN)
27 Global Recycled Plastics Market Outlook, By Food & Beverage (2022-2030) ($MN)
28 Global Recycled Plastics Market Outlook, By Industrial (2022-2030) ($MN)
29 Global Recycled Plastics Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
30 Global Recycled Plastics Market Outlook, By Retail (2022-2030) ($MN)
31 Global Recycled Plastics Market Outlook, By Textiles (2022-2030) ($MN)
32 Global Recycled Plastics Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY

We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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