The global market for Plastic Recycling was valued at US$56.3 Billion in 2024 and is projected to reach US$86.7 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Technological advancements have significantly improved the efficiency and effectiveness of plastic recycling. Innovations in sorting and processing technologies, such as advanced optical sorting, automated separation, and chemical depolymerization, have enhanced the quality and yield of recycled plastics. The development of biodegradable and bio-based plastics is also addressing the limitations of traditional plastic recycling, offering more sustainable alternatives. Additionally, the integration of digital technologies, such as blockchain and IoT, is improving traceability and transparency in the recycling supply chain. These advancements are not only increasing the recycling rate but also ensuring the production of high-quality recycled plastics suitable for various applications, from packaging to automotive parts.
The growth in the plastic recycling market is driven by several factors. The increasing awareness of environmental issues and the need to reduce plastic pollution are major drivers, encouraging both consumers and industries to adopt recycling practices. Regulatory mandates and government initiatives promoting recycling and the use of recycled materials are also boosting market growth. Technological advancements in recycling processes and the development of advanced recycling technologies are enhancing the efficiency and quality of plastic recycling, driving adoption. The growing demand for sustainable packaging solutions in various industries, including food and beverage, personal care, and consumer goods, is further propelling market growth. Additionally, the rise of the circular economy concept and the increasing focus on resource conservation are encouraging the use of recycled plastics. The expansion of the recycling infrastructure and the increasing investment in recycling facilities are also contributing to market growth. Finally, the collaboration between stakeholders, including governments, industries, and environmental organizations, is fostering innovation and promoting the adoption of plastic recycling, creating new opportunities in the market.
Global Plastic Recycling Market - Key Drivers and Trends Summarized
Plastic recycling is a critical component of the global effort to reduce plastic waste and mitigate environmental impact. This process involves collecting, sorting, and reprocessing used plastic materials into new products, thereby conserving resources and reducing landfill waste. Plastic recycling encompasses various methods, including mechanical recycling, chemical recycling, and energy recovery. Mechanical recycling involves physically processing plastics into new forms, while chemical recycling breaks down plastics into their chemical components for reuse. Energy recovery converts plastic waste into energy through combustion. These methods contribute to a circular economy by extending the life cycle of plastic materials and reducing the need for virgin plastic production.Technological advancements have significantly improved the efficiency and effectiveness of plastic recycling. Innovations in sorting and processing technologies, such as advanced optical sorting, automated separation, and chemical depolymerization, have enhanced the quality and yield of recycled plastics. The development of biodegradable and bio-based plastics is also addressing the limitations of traditional plastic recycling, offering more sustainable alternatives. Additionally, the integration of digital technologies, such as blockchain and IoT, is improving traceability and transparency in the recycling supply chain. These advancements are not only increasing the recycling rate but also ensuring the production of high-quality recycled plastics suitable for various applications, from packaging to automotive parts.
The growth in the plastic recycling market is driven by several factors. The increasing awareness of environmental issues and the need to reduce plastic pollution are major drivers, encouraging both consumers and industries to adopt recycling practices. Regulatory mandates and government initiatives promoting recycling and the use of recycled materials are also boosting market growth. Technological advancements in recycling processes and the development of advanced recycling technologies are enhancing the efficiency and quality of plastic recycling, driving adoption. The growing demand for sustainable packaging solutions in various industries, including food and beverage, personal care, and consumer goods, is further propelling market growth. Additionally, the rise of the circular economy concept and the increasing focus on resource conservation are encouraging the use of recycled plastics. The expansion of the recycling infrastructure and the increasing investment in recycling facilities are also contributing to market growth. Finally, the collaboration between stakeholders, including governments, industries, and environmental organizations, is fostering innovation and promoting the adoption of plastic recycling, creating new opportunities in the market.
Scope of the Study
The report analyzes the Plastic Recycling market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments:
Material (PET, HDPE, LDPE, PVC, PP, PS, Other Materials); Application (Packaging, Automotive, Construction, Textile, Other Applications).Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the PET Recycling segment, which is expected to reach US$23.8 Billion by 2030 with a CAGR of a 7.9%. The HDPE Recycling segment is also set to grow at 7.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $5.0 Billion in 2024, and China, forecasted to grow at an impressive 8.2% CAGR to reach $33.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Advanced Drainage Systems, Inc., B & B Plastics Recycling, Inc., B. Schoenberg & Co., Inc., Custom Polymers, Inc., Envision Plastics and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Plastic Recycling Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Plastic Recycling Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Plastic Recycling Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 130 major companies featured in this Plastic Recycling market report include:
- Advanced Drainage Systems, Inc.
- B & B Plastics Recycling, Inc.
- B. Schoenberg & Co., Inc.
- Custom Polymers, Inc.
- Envision Plastics
- Green-O-Tech India
- Jayplas
- Kuusakoski Oy
- KW Plastics
- MBA Polymers, Inc.
- NAM Polymers Inc.
- Norwich Plastics
- PARC Corporation
- Plastic Recycling Inc.
- Plastipak Holdings, Inc.
- Seraphim Plastics LLC
- Ultra Poly Corporation
- Veolia Environnement S.A.
Table of Contents
I. METHODOLOGYMII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISFRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPEAUSTRALIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTAFRICAIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
ASIA-PACIFIC
INDIA
Companies Mentioned
- Advanced Drainage Systems, Inc.
- B & B Plastics Recycling, Inc.
- B. Schoenberg & Co., Inc.
- Custom Polymers, Inc.
- Envision Plastics
- Green-O-Tech India
- Jayplas
- Kuusakoski Oy
- KW Plastics
- MBA Polymers, Inc.
- NAM Polymers Inc.
- Norwich Plastics
- PARC Corporation
- Plastic Recycling Inc.
- Plastipak Holdings, Inc.
- Seraphim Plastics LLC
- Ultra Poly Corporation
- Veolia Environnement S.A.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 558 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 56.3 Billion |
| Forecasted Market Value ( USD | $ 86.7 Billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 18 |
