This Recycled Plastics report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The recycled plastics market size has grown steadily in recent years. It will grow from $54.16 billion in 2024 to $56.75 billion in 2025 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to environmental awareness, government regulations, e-waste recycling, consumer demand, supply chain sustainability.
The recycled plastics market size is expected to see strong growth in the next few years. It will grow to $70.02 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to circular economy initiatives, corporate sustainability goals, plastic waste reduction, bioplastics and hybrid materials, sustainable packaging. Major trends in the forecast period include advanced recycling technologies, eco-friendly packaging, plastic-to-fuel conversion, e-waste recycling, sustainable fashion.
The expansion of e-commerce activities is anticipated to drive the growth of the recycled plastics market. E-commerce activities include online buying and selling, digital payments, and various transaction models, fundamentally transforming commerce via the internet. There is a rising adoption of recycled plastics in e-commerce packaging, including shipping boxes, mailers, and protective materials, aimed at reducing waste and lessening the environmental impact of online retail. For example, in November 2023, a report from the U.S. Census Bureau, part of the United States Department of Commerce, indicated that retail e-commerce sales in the United States reached approximately $284.1 billion in the third quarter of 2023, showing a growth of 2.3% compared to the second quarter of 2023. Thus, the swift growth of e-commerce activities is expected to propel the recycled plastics market forward.
The growing demand for packaged food is projected to enhance the growth of the recycled plastics market in the future. Packaged food refers to food products that are processed, prepared, and enclosed in containers or packaging materials prior to being sold to consumers. With increasing environmental concerns regarding plastic waste, the packaged food industry is shifting towards sustainable and recyclable packaging materials, including recycled plastics. For instance, in 2024, SNAC International, a U.S.-based food and beverage organization, reported that the potato chips packaging category reached $8.6 billion, reflecting a 7.7% increase from 2023. Therefore, the rising demand for packaged food is contributing to the expansion of the recycled plastics market.
Technological advancements are a significant trend gaining traction in the recycled plastics market. Leading companies in this sector are concentrating on creating innovative technological solutions to enhance their market position. For example, in February 2024, BASF SE, a Germany-based chemical company, introduced ChemCycling. This initiative converts plastic waste into valuable raw materials through chemical recycling, contributing to sustainability and circular economy initiatives by substituting fossil-based resources in plastic manufacturing.
Strategic collaborations are playing a pivotal role in advancing plastic recycling initiatives in the recycled plastics market. In March 2023, LyondellBasell, a US-based chemical company, partnered with EEW Energy, a German thermal waste treatment company, to extract and recycle plastics from incineration waste streams. This strategic collaboration aims to strengthen plastic recycling efforts.
In April 2022, MOL PLC, a Hungary-based oil and gas company, acquired ReMat Zrt, a Hungarian plastics recycling company. This acquisition positions MOL to provide specialized virgin and recycled solutions, meeting the growing demand for circular materials and supporting MOL's ambition to lead the low-carbon circular economy in Central and Eastern Europe.
Major companies operating in the recycled plastics market include Rethmann SE & Co. KG, Biffa Waste Services Limited, Stericycle Inc., Veolia India Private Limited, Jayplas Limited, KW Plastics, MBA Polymers Inc, Waste Connections Inc., Clean Harbors Inc, Suez India Private Limited, Plastic Recycling Inc., UltrePET LLC, Greenotech Recycling Private Limited., Advanced Environmental Recycling Technologies Inc., Alpek S.A.B. de C.V., B. Schoenberg & Co Inc., B&B Plastics Recycling Inc., Berry Global Inc., CABKA North America Inc., CarbonLite Industries LLC, Custom Polymers Inc., Dart Container Corporation., Delta Plastics of the South LLC, ECO-Cycle Solutions LLC, Emco Industrial Plastics Inc., Envision Plastics LLC, Far Eastern New Century Corporation, Fresh Pak Corporation, GDB International Inc.
Asia-Pacific was the largest region in the recycled plastics market in 2024. North America is expected to be the fastest-growing region in the recycled plastics market share during the forecast period. The regions covered in the recycled plastics market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the recycled plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Recycled plastic is characterized as plastic that has undergone decontamination during the recycling process and has undergone additional post-processing without being transformed into recycled plastic products. This involves collecting used plastic waste and transforming it into new, functional plastic items, contributing to the reduction of plastic waste. Globally, over a trillion pounds of plastic are produced and used, and recycling plays a crucial role in ensuring that this substantial volume is repurposed rather than wasted. Recycled plastics find applications in the manufacturing of containers for beauty products, new plastic bottles, and durable items like plant holders.
The primary types of recycled plastics include polyethylene terephthalate, polyvinyl chloride, polyethylene, polypropylene, polystyrene, and others. Polyethylene terephthalate, for example, is utilized in the production of shopping bags, videotapes, water bottles, and more. It is a condensation polymer of terephthalic acid and ethylene glycol. Various sources provide the raw material for recycled plastics, including plastic bottles, plastic films, plastic foams, plastic fibers, and others. These recycled plastics find application in diverse industries such as packaging, textiles, automotive, building and construction, electrical and electronics, and various other sectors.
The recycled plastics market research report is one of a series of new reports that provides recycled plastics market statistics, including global market size, regional shares, competitors with a recycled plastics market share, detailed recycled plastics market segments, market trends and opportunities, and any further data you may need to thrive in the recycled plastics industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The recycled plastic market consists of sales of high-density polyethylene (HDPE) and low-density polyethylene (LDPE). Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The recycled plastics market size has grown steadily in recent years. It will grow from $54.16 billion in 2024 to $56.75 billion in 2025 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to environmental awareness, government regulations, e-waste recycling, consumer demand, supply chain sustainability.
The recycled plastics market size is expected to see strong growth in the next few years. It will grow to $70.02 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to circular economy initiatives, corporate sustainability goals, plastic waste reduction, bioplastics and hybrid materials, sustainable packaging. Major trends in the forecast period include advanced recycling technologies, eco-friendly packaging, plastic-to-fuel conversion, e-waste recycling, sustainable fashion.
The expansion of e-commerce activities is anticipated to drive the growth of the recycled plastics market. E-commerce activities include online buying and selling, digital payments, and various transaction models, fundamentally transforming commerce via the internet. There is a rising adoption of recycled plastics in e-commerce packaging, including shipping boxes, mailers, and protective materials, aimed at reducing waste and lessening the environmental impact of online retail. For example, in November 2023, a report from the U.S. Census Bureau, part of the United States Department of Commerce, indicated that retail e-commerce sales in the United States reached approximately $284.1 billion in the third quarter of 2023, showing a growth of 2.3% compared to the second quarter of 2023. Thus, the swift growth of e-commerce activities is expected to propel the recycled plastics market forward.
The growing demand for packaged food is projected to enhance the growth of the recycled plastics market in the future. Packaged food refers to food products that are processed, prepared, and enclosed in containers or packaging materials prior to being sold to consumers. With increasing environmental concerns regarding plastic waste, the packaged food industry is shifting towards sustainable and recyclable packaging materials, including recycled plastics. For instance, in 2024, SNAC International, a U.S.-based food and beverage organization, reported that the potato chips packaging category reached $8.6 billion, reflecting a 7.7% increase from 2023. Therefore, the rising demand for packaged food is contributing to the expansion of the recycled plastics market.
Technological advancements are a significant trend gaining traction in the recycled plastics market. Leading companies in this sector are concentrating on creating innovative technological solutions to enhance their market position. For example, in February 2024, BASF SE, a Germany-based chemical company, introduced ChemCycling. This initiative converts plastic waste into valuable raw materials through chemical recycling, contributing to sustainability and circular economy initiatives by substituting fossil-based resources in plastic manufacturing.
Strategic collaborations are playing a pivotal role in advancing plastic recycling initiatives in the recycled plastics market. In March 2023, LyondellBasell, a US-based chemical company, partnered with EEW Energy, a German thermal waste treatment company, to extract and recycle plastics from incineration waste streams. This strategic collaboration aims to strengthen plastic recycling efforts.
In April 2022, MOL PLC, a Hungary-based oil and gas company, acquired ReMat Zrt, a Hungarian plastics recycling company. This acquisition positions MOL to provide specialized virgin and recycled solutions, meeting the growing demand for circular materials and supporting MOL's ambition to lead the low-carbon circular economy in Central and Eastern Europe.
Major companies operating in the recycled plastics market include Rethmann SE & Co. KG, Biffa Waste Services Limited, Stericycle Inc., Veolia India Private Limited, Jayplas Limited, KW Plastics, MBA Polymers Inc, Waste Connections Inc., Clean Harbors Inc, Suez India Private Limited, Plastic Recycling Inc., UltrePET LLC, Greenotech Recycling Private Limited., Advanced Environmental Recycling Technologies Inc., Alpek S.A.B. de C.V., B. Schoenberg & Co Inc., B&B Plastics Recycling Inc., Berry Global Inc., CABKA North America Inc., CarbonLite Industries LLC, Custom Polymers Inc., Dart Container Corporation., Delta Plastics of the South LLC, ECO-Cycle Solutions LLC, Emco Industrial Plastics Inc., Envision Plastics LLC, Far Eastern New Century Corporation, Fresh Pak Corporation, GDB International Inc.
Asia-Pacific was the largest region in the recycled plastics market in 2024. North America is expected to be the fastest-growing region in the recycled plastics market share during the forecast period. The regions covered in the recycled plastics market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the recycled plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Recycled plastic is characterized as plastic that has undergone decontamination during the recycling process and has undergone additional post-processing without being transformed into recycled plastic products. This involves collecting used plastic waste and transforming it into new, functional plastic items, contributing to the reduction of plastic waste. Globally, over a trillion pounds of plastic are produced and used, and recycling plays a crucial role in ensuring that this substantial volume is repurposed rather than wasted. Recycled plastics find applications in the manufacturing of containers for beauty products, new plastic bottles, and durable items like plant holders.
The primary types of recycled plastics include polyethylene terephthalate, polyvinyl chloride, polyethylene, polypropylene, polystyrene, and others. Polyethylene terephthalate, for example, is utilized in the production of shopping bags, videotapes, water bottles, and more. It is a condensation polymer of terephthalic acid and ethylene glycol. Various sources provide the raw material for recycled plastics, including plastic bottles, plastic films, plastic foams, plastic fibers, and others. These recycled plastics find application in diverse industries such as packaging, textiles, automotive, building and construction, electrical and electronics, and various other sectors.
The recycled plastics market research report is one of a series of new reports that provides recycled plastics market statistics, including global market size, regional shares, competitors with a recycled plastics market share, detailed recycled plastics market segments, market trends and opportunities, and any further data you may need to thrive in the recycled plastics industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The recycled plastic market consists of sales of high-density polyethylene (HDPE) and low-density polyethylene (LDPE). Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Recycled Plastics Market Characteristics3. Recycled Plastics Market Trends and Strategies4. Recycled Plastics Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Recycled Plastics Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Recycled Plastics Market34. Recent Developments in the Recycled Plastics Market
5. Global Recycled Plastics Growth Analysis and Strategic Analysis Framework
6. Recycled Plastics Market Segmentation
7. Recycled Plastics Market Regional and Country Analysis
8. Asia-Pacific Recycled Plastics Market
9. China Recycled Plastics Market
10. India Recycled Plastics Market
11. Japan Recycled Plastics Market
12. Australia Recycled Plastics Market
13. Indonesia Recycled Plastics Market
14. South Korea Recycled Plastics Market
15. Western Europe Recycled Plastics Market
16. UK Recycled Plastics Market
17. Germany Recycled Plastics Market
18. France Recycled Plastics Market
19. Italy Recycled Plastics Market
20. Spain Recycled Plastics Market
21. Eastern Europe Recycled Plastics Market
22. Russia Recycled Plastics Market
23. North America Recycled Plastics Market
24. USA Recycled Plastics Market
25. Canada Recycled Plastics Market
26. South America Recycled Plastics Market
27. Brazil Recycled Plastics Market
28. Middle East Recycled Plastics Market
29. Africa Recycled Plastics Market
30. Recycled Plastics Market Competitive Landscape and Company Profiles
31. Recycled Plastics Market Other Major and Innovative Companies
35. Recycled Plastics Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Recycled Plastics Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on recycled plastics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for recycled plastics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The recycled plastics market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Polyethylene Terephthalate; Polyvinyl Chloride; Polyethylene; Polypropylene; Polystyrene; Other Types2) by Source: Plastic Bottles; Plastic Films; Plastic Foams; Plastic Fibers; Other Sources
3) by Application: Packaging; Textile; Automotive; Building and Construction; Electrical and Electronics; Other Applications
Subsegments:
1) by Polyethylene Terephthalate (PET): Post-Consumer Recycled PET (rPET); Post-Industrial Recycled PET2) by Polyvinyl Chloride (PVC): Rigid PVC; Flexible PVC
3) by Polyethylene (PE): High-Density Polyethylene (HDPE); Low-Density Polyethylene (LDPE)
4) by Polypropylene (PP): Homopolymer PP; Copolymer PP
5) by Polystyrene (PS): Expanded Polystyrene (EPS); High-Impact Polystyrene (HIPS)
6) by Other Types: Acrylonitrile Butadiene Styrene (ABS); Polycarbonate (PC)
Key Companies Mentioned: Rethmann SE & Co. KG; Biffa Waste Services Limited; Stericycle Inc.; Veolia India Private Limited; Jayplas Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Recycled Plastics market report include:- Rethmann SE & Co. KG
- Biffa Waste Services Limited
- Stericycle Inc.
- Veolia India Private Limited
- Jayplas Limited
- KW Plastics
- MBA Polymers Inc
- Waste Connections Inc.
- Clean Harbors Inc
- Suez India Private Limited
- Plastic Recycling Inc.
- UltrePET LLC
- Greenotech Recycling Private Limited.
- Advanced Environmental Recycling Technologies Inc.
- Alpek S.A.B. de C.V.
- B. Schoenberg & Co Inc.
- B&B Plastics Recycling Inc.
- Berry Global Inc.
- CABKA North America Inc.
- CarbonLite Industries LLC
- Custom Polymers Inc.
- Dart Container Corporation.
- Delta Plastics of the South LLC
- ECO-Cycle Solutions LLC
- Emco Industrial Plastics Inc.
- Envision Plastics LLC
- Far Eastern New Century Corporation
- Fresh Pak Corporation
- GDB International Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 56.75 Billion |
| Forecasted Market Value ( USD | $ 70.02 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
