Recycled Polyolefin Market: By Type, High-density Polyethylene, Polyethylene Terephthalate, Polypropylene, Others), By Source, By Application, and Geography
Recycled Polyolefin Market size was valued at US$ 71.3 billion in 2023 and is poised to grow at an 8.6% CAGR from 2024 to 2030. Recycled polyolefins, primarily derived from polyethylene (PE) and polypropylene (PP), are versatile polymers that find applications across various sectors, including packaging, automotive, construction, and consumer goods. The Recycled Polyolefin Market is experiencing significant growth as industries and consumers increasingly prioritize sustainable and environmentally friendly materials. The recycled polyolefin market is driven by several factors, including growing environmental concerns, stringent government regulations promoting recycling, and the increasing adoption of circular economy principles by businesses. The push for reduced carbon footprints and sustainable manufacturing processes has led to a surge in demand for recycled polyolefins as alternatives to virgin plastics. Opportunities in the market stem from technological advancements in recycling processes, which are improving the quality and performance of recycled polyolefins, making them suitable for a wider range of applications.
Additionally, the increasing focus on closed-loop recycling systems and the development of chemical recycling technologies are opening new avenues for market growth. However, the market faces challenges such as the high costs associated with recycling processes, inconsistent quality of recycled materials, and the need for better waste collection and sorting infrastructure. Despite these restraints, the trend towards sustainable packaging solutions and the automotive industry's increasing use of recycled materials in vehicle components are expected to drive market growth. The Recycled Polyolefin Market is witnessing several key trends, including the increased adoption of chemical recycling technologies to improve the quality of recycled materials. There's a growing demand for food-grade recycled polyolefins, driven by stringent packaging regulations. Major plastic manufacturers are also expanding their recycling capacities to meet the surging demand for recycled materials across various industries.
Study Period
2024-2030Base Year
2023CAGR
8.6%Largest Market
Asia PacificFastest Growing Market
Europe
The Recycled Polyolefin Market is primarily driven by increasing environmental awareness and stringent regulations promoting the use of recycled materials. Governments worldwide are implementing policies to reduce plastic waste and encourage recycling, creating a favorable environment for market growth. For instance, the European Union's Circular Economy Action Plan aims to make all plastic packaging recyclable or reusable by 2030, significantly boosting demand for recycled polyolefins. Another key driver is the growing adoption of sustainable practices by major corporations. Many leading companies in the packaging, automotive, and consumer goods sectors have set ambitious targets for incorporating recycled content in their products. This corporate commitment is driving innovation in recycling technologies and creating new opportunities for market players. However, challenges such as the high cost of recycling processes and the need for improved collection and sorting infrastructure continue to impact market growth.
The recycled polyolefin market is segmented based on regions into North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. Asia-Pacific recycled polyolefin market is expected to dominate due to the stringent environmental regulations as well as advanced recycling infrastructure. Moreover, high consumer awareness and demand for sustainable products increases the dominance. Europe recycled polyolefin market is anticipated to emerge as the fastest growing region owing to increasing government initiatives for waste management as well as growing adoption of recycled materials in manufacturing sectors.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 71.3 billion |
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Market CAGR |
8.6% |
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By Type |
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By Source |
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By Application |
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Recycled Polyolefin Market was valued at US$ 71.3 billion in 2023 and is expected to grow at an 8.6% CAGR from 2024 to 2030.
Polyethylene Terephthalate (PET) segment is expected to dominate the recycled polyolefin market due to its unique characteristics.
Asia Pacific accounts for the largest market share and is expected to be the primary market driver in the recycled polyolefin market.
Plastic bottles segment is dominating the recycled polyolefin market owing to increasing carbon footprint.
| 1.Executive Summary |
| 2.Global Recycled Polyolefin Market Introduction |
| 2.1.Global Recycled Polyolefin Market - Taxonomy |
| 2.2.Global Recycled Polyolefin Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.Source |
| 2.2.4.Region |
| 3.Global Recycled Polyolefin 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 Polyolefin 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 Polyolefin Market By Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Low-density Polyethylene (LDPE) |
| 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. Polyethylene Terephthalate (PET) |
| 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. Polypropylene |
| 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. Others |
| 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 Polyolefin Market By Application, 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. Plastic Films |
| 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. Polymer Foam |
| 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. Others |
| 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 |
| 7.Global Recycled Polyolefin Market By Source, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Food Packaging |
| 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. Construction |
| 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. Automotive |
| 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. Non-food Packaging |
| 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 |
| 7.5. Others |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.Global Recycled Polyolefin 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 Polyolefin Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Low-density Polyethylene (LDPE) |
| 9.1.2.High-density Polyethylene (HDPE) |
| 9.1.3.Polyethylene Terephthalate (PET) |
| 9.1.4.Polypropylene |
| 9.1.5.Others |
| 9.2. Application 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.Plastic Films |
| 9.2.3.Polymer Foam |
| 9.2.4.Others |
| 9.3. Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Food Packaging |
| 9.3.2.Construction |
| 9.3.3.Automotive |
| 9.3.4.Non-food Packaging |
| 9.3.5.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 Polyolefin Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Low-density Polyethylene (LDPE) |
| 10.1.2.High-density Polyethylene (HDPE) |
| 10.1.3.Polyethylene Terephthalate (PET) |
| 10.1.4.Polypropylene |
| 10.1.5.Others |
| 10.2. Application 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.Plastic Films |
| 10.2.3.Polymer Foam |
| 10.2.4.Others |
| 10.3. Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Food Packaging |
| 10.3.2.Construction |
| 10.3.3.Automotive |
| 10.3.4.Non-food Packaging |
| 10.3.5.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 |
| 11.Asia Pacific (APAC) Recycled Polyolefin Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Low-density Polyethylene (LDPE) |
| 11.1.2.High-density Polyethylene (HDPE) |
| 11.1.3.Polyethylene Terephthalate (PET) |
| 11.1.4.Polypropylene |
| 11.1.5.Others |
| 11.2. Application 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.Plastic Films |
| 11.2.3.Polymer Foam |
| 11.2.4.Others |
| 11.3. Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Food Packaging |
| 11.3.2.Construction |
| 11.3.3.Automotive |
| 11.3.4.Non-food Packaging |
| 11.3.5.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 Polyolefin Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Low-density Polyethylene (LDPE) |
| 12.1.2.High-density Polyethylene (HDPE) |
| 12.1.3.Polyethylene Terephthalate (PET) |
| 12.1.4.Polypropylene |
| 12.1.5.Others |
| 12.2. Application 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.Plastic Films |
| 12.2.3.Polymer Foam |
| 12.2.4.Others |
| 12.3. Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Food Packaging |
| 12.3.2.Construction |
| 12.3.3.Automotive |
| 12.3.4.Non-food Packaging |
| 12.3.5.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 Polyolefin Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Low-density Polyethylene (LDPE) |
| 13.1.2.High-density Polyethylene (HDPE) |
| 13.1.3.Polyethylene Terephthalate (PET) |
| 13.1.4.Polypropylene |
| 13.1.5.Others |
| 13.2. Application 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.Plastic Films |
| 13.2.3.Polymer Foam |
| 13.2.4.Others |
| 13.3. Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Food Packaging |
| 13.3.2.Construction |
| 13.3.3.Automotive |
| 13.3.4.Non-food Packaging |
| 13.3.5.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.China Petrochemical Corporation |
| 14.2.2.LyondellBasell Industries Holdings B.V. |
| 14.2.3.PetroChina Company Limited |
| 14.2.4.TotalEnergies |
| 14.2.5.Chevron Corporation |
| 14.2.6.Repsol |
| 14.2.7.Dow, Inc. |
| 14.2.8.Exxon Mobil Corporation |
| 14.2.9.Braskem |
| 14.2.10.Borealis AG |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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