Global Recycled Plastics
Market Report
2025
Recycled Plastic market size is USD 69512.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.50% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Recycled Plastic market size is USD 69512.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.50% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Recycled Plastics Market Sales Revenue | 121212 | $ 69512.2 Million | 121212 | 121212 | 121212 | 8.5% |
Europe Recycled Plastics Market Sales Revenue | 121212 | $ 20853.7 Million | 121212 | 121212 | 121212 | 7% |
Asia Pacific Recycled Plastics Market Sales Revenue | 121212 | $ 15987.8 Million | 121212 | 121212 | 121212 | 10.5% |
South America Recycled Plastics Market Sales Revenue | 121212 | $ 3475.61 Million | 121212 | 121212 | 121212 | 7.9% |
Middle East and Africa Recycled Plastics Market Sales Revenue | 121212 | $ 1390.24 Million | 121212 | 121212 | 121212 | 8.2% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by End-use Industry |
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Market Split by Source |
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Market Split by Process |
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Market Split by Process | |
List of Competitors |
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Regional Analysis |
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Country Analysis |
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Recycled Plastics Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The market for recycled plastics includes the purchase, sale, and use of plastic materials that are obtained from post-consumer or post-industrial waste and are processed to make new goods. By keeping plastic garbage out of landfills and the ocean, this industry helps reduce plastic pollution, which is a major concern given the state of the environment today. Important motivators include recycling-related laws and regulations, customer demand for environmentally friendly items, and business sustainability programs. There are several varieties of recycled plastic available on the market, such as PET, HDPE, LDPE, PP, and PVC. These plastics are used in the packaging, construction, automotive, and consumer goods industries. Growing public awareness and ongoing improvements in recycling infrastructure and technology are driving the market for recycled plastics to develop, supporting a more sustainable and circular economy.
One important factor propelling the market is the growing focus on reducing plastic waste and its environmental effects. Plastic pollution is a serious worldwide problem for which there is an urgent need for solutions. Recycling becomes apparent as a crucial tactic to keep plastic out of the seas and landfills. Recycling initiatives help to promote sustainability and lessen environmental deterioration by finding new uses for plastic products. This increased dedication to reducing plastic pollution and growing knowledge of the issue highlight a change in consumer and corporate behavior that is eco-conscious, spurring innovation and investment in recycling infrastructure and sustainable alternatives.
Around the world, governments are passing laws to encourage or mandate the use of recycled plastics. These laws include expanded producer responsibility programs and prohibitions on single-use plastics. Such actions not only encourage environmental preservation but also increase consumer demand for products that contain recycled materials. Governments want to lessen the negative effects of plastic pollution on ecosystems and public health, which is why they are requiring the incorporation of recycled plastics. These regulations encourage innovation in recycling technologies and infrastructure in addition to promoting a circular economy. Following these rules helps the environment and puts companies in a position to meet changing consumer demands for environmentally friendly and sustainable products.
Effective plastic waste collection and sorting provide major obstacles that must be overcome for the market for recovered plastics to flourish. The quality of recycled plastic is significantly reduced by the contamination of plastic with other materials throughout the collection and sorting procedures. Numerous factors, such as insufficient sorting facilities or mixed waste streams, might contribute to this contamination. Investments in cutting-edge sorting technologies, durable infrastructure, and successful public education campaigns to encourage appropriate trash disposal practices are necessary to address these issues. Stakeholders, waste management firms, municipalities, and recycling centers must work together more closely to optimize the collection and sorting procedures. Reaching a more sustainable and circular economy and realizing the full potential of recycled plastics depend on overcoming these challenges.
The market for recycled plastics has been impacted by the COVID-19 pandemic in a number of ways. Initially, there was a brief drop in demand for recycled plastics due to supply chain interruptions and a decrease in industrial activity. On the other hand, the epidemic has also raised public awareness of environmental problems, which has raised demand in eco-friendly products and behaviors. In order to lessen dependency on virgin resources and lessen environmental harm, there is an increasing emphasis on incorporating recycled plastics into a variety of industries as economies recover. In addition, the epidemic has sparked advances in circular economy programs and recycling technologies. Notwithstanding obstacles, the pandemic has highlighted the significance of robust and sustainable solutions, accelerating the shift in the recycled plastics business toward a more environmentally friendly and circular strategy.
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Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.
In October 2023, During the K 2022 trade show in Dusseldorf, Germany, Veolia unveiled "PlastiLoop," a new brand of recycled plastics and related services. Veolia's vast network of professionals and its 37 plastic recycling facilities worldwide enable this innovative product. Customers can choose from a wide range of ready-to-use recycled resins, including PET, PP, HDPE, PS, ABS, LDPE, and PC, with this new offering.
Top Companies Market Share in Recycled Plastics Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The market for recycled plastics is growing rapidly in North America. This increase is being driven by customer demand for sustainable products, stricter restrictions, and growing environmental consciousness. The area has a strong infrastructure for recycling and advances in technology that make recycling easier. North America is becoming a major force in the worldwide market for recycled plastics, with an emphasis on encouraging circular economy principles and cutting down on plastic waste.
The Europe region is witnessing an increase, in the sales of reagents. Europe is seeing a significant increase in the market for recovered plastics. Strict laws that encourage recycling and lessen plastic waste, including the EU's Circular Economy Action Plan, are what are causing this expansion. The industry is further supported by corporate sustainability initiatives and rising consumer awareness. Using recycled plastics, Europe is paving the road for a more sustainable and circular economy through investments in recycling infrastructure and cutting-edge technologies.
The current report Scope analyzes Recycled Plastics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Recycled Plastic market size was estimated at USD 69512.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 27804.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031. The market for recycled plastics is expanding significantly in North America as a result of stricter restrictions and more environmental awareness. The packaging sector is a prominent growth driver, as it is progressively utilizing recycled plastics to fulfill its sustainability objectives. Innovations in infrastructure and recycling technologies are causing a change in the region toward a more circular economy. Businesses are spending money on creative ways to satisfy consumer needs for environmentally friendly products. All things considered, North America is ideally positioned to have a significant influence on how the recycled plastics industry develops, promoting environmental stewardship and sustainability in the area.
Country Analysis
AccAording to Cognitive Market Research, with a market value of USD 69512.2 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 20853.66 million. The market for recycled plastics is booming in Europe as a result of strict laws and rising environmental awareness. One notable industry segment is packaging, where recycled plastics are being used more and more to achieve sustainability goals. This trend is being driven by Europe's Extended Producer Responsibility and Circular Economy Action Plan, which encourage recycling and cut down on plastic waste. Europe is leading the way in developing the market for recovered plastics, promoting a circular economy, and tackling environmental issues through responsible plastic management, all while putting an emphasis on innovation and sustainability.
According to Cognitive Market Research, the global Recycled Plastic market size was estimated at USD 69512.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 15987.81 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.5% from 2024 to 2031. The recycled plastics market in the Asia Pacific area is expanding steadily, driven by rising levels of industrialization, urbanization, and environmental awareness. The automobile business is a noteworthy sector propelling this rise, as producers are progressively utilizing recycled plastics for packaging and interior components in an effort to lessen their environmental impact. Initiatives supporting recycling and sustainability are gaining traction, despite the region's problems with poor infrastructure and awareness. Asia Pacific has tremendous potential for the growth of the recycled plastics market, supporting environmental stewardship and sustainable development in the area due to its expanding population and growing awareness.
According to Cognitive Market Research, the global Recycled Plastics market size was estimated at USD 69512.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 3475.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031. The market for recycled plastics in Latin America is gradually expanding due to rising environmental consciousness and legislative initiatives. The packaging industry is a significant contributor to this expansion, as businesses are utilizing recycled plastics to meet regulatory requirements and solve sustainability issues. Initiatives supporting recycling and the concepts of the circular economy are gaining traction in spite of obstacles including financial limitations and a lack of adequate recycling infrastructure. Given the region's expanding consumer demand for environmentally friendly products and growing industry emphasis on environmental sustainability, Latin America presents enormous potential for the growth of the recycled plastics market.
According to Cognitive Market Research, the global Recycled Plastic market size was estimated at USD 69512.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 1390.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031. The market for recycled plastics is slowly expanding across the Middle East and Africa as people's knowledge of sustainability and environmental issues grows. The construction sector is a prominent driver of this expansion, as recycled plastics are being used more and more in building materials to meet green building standards and lessen their impact on the environment. There is a rising focus on supporting recycling activities and implementing sustainable practices despite obstacles including insufficient recycling infrastructure and financial restrictions. The market for recycled plastics has a lot of room to grow in the Middle East and Africa due to growing awareness of the value of environmental stewardship and circular economy concepts.
Global Recycled Plastics Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Recycled Plastics Industry growth. Recycled Plastics market has been segmented with the help of its Type , End-use Industry Source , and others. Recycled Plastics market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Post-Consumer Recyclate held the major market share over the forecast period. The market for recycled plastics is expanding thanks to post-consumer recycled material. Post-consumer recycling is becoming a vital resource for industry as customers seek more sustainable products. Advances in infrastructure and recycling technology have made post-consumer recycled plastic an affordable and sustainable substitute for virgin plastics. Global market expansion and the development of a more circular economy are being fueled by this trend.
Industrial Recyclate is the fastest-growing category over the forecast period. The market for recycled plastics is expanding due to the use of industrial recycling. Recycled plastics made from post-industrial waste are becoming accepted by industries as a sustainable substitute for virgin resources. Modern recycling methods enable industrial recyclers to provide high-quality, reasonably priced solutions for a range of uses. By encouraging circular economy principles in industrial sectors around the world and lowering reliance on virgin plastics, this trend is propelling market expansion.
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According to Cognitive Market Research, Packaging, hold a prominent market share. One of the main factors propelling the expanding demand for recycled plastics is packaging. Industries are placing a higher priority on environmentally friendly packaging options as environmental concerns grow. Recycled plastics provide a practical substitute, lowering dependency on virgin resources and minimizing plastic pollution. Technological developments in recycling make it possible to produce premium recycled plastic packaging, satisfying consumer needs for environmentally responsible goods. This tendency is propelling the market's expansion and encouraging packaging that follows the circular economy.
Building & Construction is the fastest-growing category over the forecast period. One of the main drivers of the growing recycled plastics market is the building and construction industry. Businesses in this field are introducing recycled plastics into a range of building materials with an emphasis on sustainability. Recycled plastics are durable and beneficial to the environment for use in flooring, pipes, insulation, and other materials. By lessening the environmental effect of construction activities and advancing the ideas of the circular economy, this movement is propelling market expansion.
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According to Cognitive Market Research, Bottles, held the major market share over the forecast period. The market is expanding due to consumer demand for recycled plastics, especially those used in bottles. Recycled plastic is being used by industry to make containers for household and beverage products as environmental awareness grows. This change saves plastic waste and lessens reliance on virgin polymers. Modern recycling techniques guarantee the creation of premium recycled bottles that live up to customer expectations for environmental responsibility. This tendency is propelling market growth and supporting the creation of bottles using a circular economy.
Films is the fastest-growing category over the forecast period. In movies, the market for recycled plastics is growing especially noteworthy. Recycled plastics are being used by more industries to create films for a range of uses, such as building, agriculture, and packaging. High-quality recycled plastic films are created because to improvements in recycling processes, providing a sustainable substitute for virgin materials. This trend is propelling industry-wide market expansion and encouraging environmentally friendly film production methods.
According to Cognitive Market Research, Mechanical held the major market share over the forecast period. One major factor fueling the market's expansion for recycled plastics is mechanical recycling. Using this process, discarded plastic is shredded and melted to make new items without substantially changing the structure of the polymer. Advances in mechanical recycling technology enable companies to generate high-grade recycled plastics that are appropriate for a range of uses. By encouraging circular economy principles and lowering dependency on virgin plastics, this trend is driving market expansion.
Chemical is the fastest-growing category over the forecast period. The market for recovered plastics is expanding, and one major factor driving this expansion is chemical recycling. By disassembling plastic trash into its constituent molecules, this novel technique makes it possible to produce plastics that resemble virgin materials. Technological developments in chemical recycling have made it possible for enterprises to turn a greater variety of plastic waste into premium recycled materials, which is fueling market growth and encouraging the manufacturing of plastic in a more sustainable manner.
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Type | Post-Consumer Recyclate , Industrial Recyclate |
End-use Industry | Packaging , Building & Construction , Textiles , Automotive , Electrical & Electronics , Others |
Source | Bottles , Films , Foams , Fibers , Others |
Process | Mechanical , Chemical |
Process | |
List of Competitors | Veolia (France), Plastipak Holdings Inc. (U.S.), Republic Services Inc. (U.S.), KW Plastics (U.S.), Biffa PLC (UK), Alpek (Mexico), MBA Polymers (U.S.), Cabka (Netherlands), Jayplas (UK), Loop Industries Inc. (Canada), Stericycle (U.S.), Far Eastern New Century Corporation (Taiwan). |
This chapter will help you gain GLOBAL Market Analysis of Recycled Plastics. Further deep in this chapter, you will be able to review Global Recycled Plastics Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Recycled Plastics. Further deep in this chapter, you will be able to review North America Recycled Plastics Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Recycled Plastics. Further deep in this chapter, you will be able to review Europe Recycled Plastics Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Recycled Plastics. Further deep in this chapter, you will be able to review Asia Pacific Recycled Plastics Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Recycled Plastics. Further deep in this chapter, you will be able to review South America Recycled Plastics Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Recycled Plastics. Further deep in this chapter, you will be able to review Middle East and Africa Recycled Plastics Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Recycled Plastics. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type . This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
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Chapter 11 Market Split by End-use Industry Analysis 2021 - 2033
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Chapter 12 Market Split by Source Analysis 2021 - 2033
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Chapter 13 Market Split by Process Analysis 2021 - 2033
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Chapter 14 Market Split by Process Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Recycled Plastics market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Post-Consumer Recyclate have a significant impact on Recycled Plastics market? |
What are the key factors affecting the Post-Consumer Recyclate and Industrial Recyclate of Recycled Plastics Market? |
What is the CAGR/Growth Rate of Packaging during the forecast period? |
By type, which segment accounted for largest share of the global Recycled Plastics Market? |
Which region is expected to dominate the global Recycled Plastics Market within the forecast period? |
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