Recycled Plastics Market: By Material Type, High-Density Polyethylene, Low-Density, Polyethylene, Polyvinyl Chloride, Polypropylene ), By Source, By Application and Region Forecast 2019-2030

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Recycled Plastics Market Size, Share, Growth, Trends, and Global Industry Analysis: By Material Type (Polyethylene, Terephthalate (PET), High-Density Polyethylene (HDPE), Low-Density, Polyethylene (LDPE), Polyvinyl Chloride (PVC), Polypropylene (PP)), By Source (Plastic Bottles, Rigid Plastics & Foam, Plastic Films, Synthetic Fibers, Others), By Application (Packaging, Building & Construction, Textiles, Automotive, Electrical & Electronics, Others) and Region Forecast 2019-2030

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Recycled Plastics Market size was valued at US$ 34,853.1 million in 2023 and is poised to grow at a significant CAGR of 6.3% from 2024-2030. The process of transforming scrap or waste plastic into useful items is known as plastic recycling. Recycling is an important aspect of worldwide efforts to prevent plastic pollution because most plastic is non-biodegradable. Based on materials, the global plastic recycling market is segmented into Polyethylene, Terephthalate (PET), High-Density Polyethylene (HDPE), Low-Density, and Polyethylene (LDPE), Polyvinyl Chloride (PVC), Polypropylene (PP) and others. Due to the enormous number of plastic bottles used worldwide, the PET segment dominated the market in 2020 and retained the highest share.

PET is the major material used in creating plastic water bottles, according to the United Nations Environment Program (UNEP). PET's high recycling rate is another reason for the segment's dominance in the market. Players are focusing on acquisition to maintain the growth in the market. For instance. in January 2020, Nestlé announced that it will invest up to CHF 2 billion to lead the shift from virgin plastics to food-grade recycled plastics and to accelerate the development of innovative sustainable packaging solutions. Increasing awareness of energy savings and environmental pollution, low cost of used plastic, and increase in demand from various industries including building & construction, packaging, automotive, electrical & electronics, and others are expected to propel the market growth over the forecast period.

Key Developments

  • In November 2021, Honeywell announced the commercialization of its plastics recycling process known as UpCycle Process Technology. The company calls this a revolutionary process as it uses recycled plastic to produce feedstock to make recycled plastics with a smaller carbon footprint.

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Recycled Plastics Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.3%

Largest Market

North America

Fastest Growing Market

Asia-Pacific

Recycled Plastics Market Dynamics

Incising in demand for recycled plastics from end user industries is one of the key factor burgeon the growth of market. The increased use of consumer electronics has boosted demand for recycled plastics in electrical and electronic applications, which is projected to drive market expansion. The growing use of plastics in the construction, automotive, medical device, and electrical and electronics sectors is expected to boost the global recycled plastics market.

Recycled Plastics Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 34,853.1 million

Market CAGR

6.3%

By Material Type

  • Polyethylene, Terephthalate (PET)
  • High-Density Polyethylene (HDPE)
  • Low-Density, Polyethylene (LDPE)
  • Polyvinyl Chloride (PVC)
  • Polypropylene (PP)

By Source

  • Plastic Bottles
  • Rigid Plastics & Foam
  • Plastic Films
  • Synthetic Fibers
  • Others

By Application

  • Packaging, Building & Construction, Textiles
  • Automotive
  • Electrical & Electronics
  • Others

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The recycled plastics market report provides granular level information about the market size, regional market share, historic market (2019-2023) and forecast (2024-2030)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

Recycled plastics market size was valued at US$ 34,853.1 million in 2023 and is set to grow at a significant CAGR of 6.3% from 2024-2030.

Asia Pacific is the fastest-growing region for recycled plastics market

Biffa, Stericycle, Republic Services Inc., Republic Services Inc., Shell International B.V.

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Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

1.Executive Summary
2.Global Recycled Plastics Market Introduction 
2.1.Global Recycled Plastics Market  - Taxonomy
2.2.Global Recycled Plastics Market  - Definitions
2.2.1.Material Type
2.2.2.Source
2.2.3.Application
2.2.4.Region
3.Global Recycled Plastics 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 Recycled Plastics 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 Recycled Plastics Market  By Material Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Polyethylene, Terephthalate (PET)
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. High-Density Polyethylene (HDPE)
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. Low-Density, Polyethylene (LDPE)
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. Polyvinyl Chloride (PVC)
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. Polypropylene (PP)
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 Recycled Plastics Market  By Source, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Plastic Bottles
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. Rigid Plastics & Foam
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. Plastic Films
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. Synthetic Fibers
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. Others
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 
7.Global Recycled Plastics Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Packaging, Building & Construction, Textiles
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. Automotive
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. Electrical & Electronics
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 Recycled Plastics Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
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. Europe
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. Asia Pacific (APAC)
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. Middle East and Africa (MEA)
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. Latin America
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 
9.North America Recycled Plastics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Polyethylene, Terephthalate (PET)
9.1.2.High-Density Polyethylene (HDPE)
9.1.3.Low-Density, Polyethylene (LDPE)
9.1.4.Polyvinyl Chloride (PVC)
9.1.5.Polypropylene (PP)
9.2.  Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Plastic Bottles
9.2.2.Rigid Plastics & Foam
9.2.3.Plastic Films
9.2.4.Synthetic Fibers
9.2.5.Others
9.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Packaging, Building & Construction, Textiles
9.3.2.Automotive
9.3.3.Electrical & Electronics
9.3.4.Others
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Recycled Plastics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Material Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Polyethylene, Terephthalate (PET)
10.1.2.High-Density Polyethylene (HDPE)
10.1.3.Low-Density, Polyethylene (LDPE)
10.1.4.Polyvinyl Chloride (PVC)
10.1.5.Polypropylene (PP)
10.2.  Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Plastic Bottles
10.2.2.Rigid Plastics & Foam
10.2.3.Plastic Films
10.2.4.Synthetic Fibers
10.2.5.Others
10.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Packaging, Building & Construction, Textiles
10.3.2.Automotive
10.3.3.Electrical & Electronics
10.3.4.Others
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
11.Asia Pacific (APAC) Recycled Plastics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Material Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Polyethylene, Terephthalate (PET)
11.1.2.High-Density Polyethylene (HDPE)
11.1.3.Low-Density, Polyethylene (LDPE)
11.1.4.Polyvinyl Chloride (PVC)
11.1.5.Polypropylene (PP)
11.2.  Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Plastic Bottles
11.2.2.Rigid Plastics & Foam
11.2.3.Plastic Films
11.2.4.Synthetic Fibers
11.2.5.Others
11.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Packaging, Building & Construction, Textiles
11.3.2.Automotive
11.3.3.Electrical & Electronics
11.3.4.Others
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Recycled Plastics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Material Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Polyethylene, Terephthalate (PET)
12.1.2.High-Density Polyethylene (HDPE)
12.1.3.Low-Density, Polyethylene (LDPE)
12.1.4.Polyvinyl Chloride (PVC)
12.1.5.Polypropylene (PP)
12.2.  Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Plastic Bottles
12.2.2.Rigid Plastics & Foam
12.2.3.Plastic Films
12.2.4.Synthetic Fibers
12.2.5.Others
12.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Packaging, Building & Construction, Textiles
12.3.2.Automotive
12.3.3.Electrical & Electronics
12.3.4.Others
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Recycled Plastics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Material Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Polyethylene, Terephthalate (PET)
13.1.2.High-Density Polyethylene (HDPE)
13.1.3.Low-Density, Polyethylene (LDPE)
13.1.4.Polyvinyl Chloride (PVC)
13.1.5.Polypropylene (PP)
13.2.  Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Plastic Bottles
13.2.2.Rigid Plastics & Foam
13.2.3.Plastic Films
13.2.4.Synthetic Fibers
13.2.5.Others
13.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Packaging, Building & Construction, Textiles
13.3.2.Automotive
13.3.3.Electrical & Electronics
13.3.4.Others
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.REMONDIS SE & Co. KG
14.2.2.Biffa
14.2.3.Stericycle
14.2.4.Republic Services, Inc.
14.2.5.WM Intellectual Property Holdings, L.L.C.
14.2.6.Veolia
14.2.7.Shell International B.V.
14.2.8.Waste Connections
14.2.9.CLEAN HARBORS, INC.
14.2.10.Covestro AG
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • REMONDIS SE & Co. KG
  • Biffa
  • Stericycle
  • Republic Services, Inc.
  • WM Intellectual Property Holdings, L.L.C.
  • Veolia
  • Shell International B.V.
  • Waste Connections
  • CLEAN HARBORS, INC.
  • Covestro AG

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