Top Recycled Plastic Companies

The global recycled plastic sector is developing rapidly because lighter-weight components are being used increasingly in advanced sectors such as construction and building, automotive, and electrical and electronics. This advancement of the market is driven by increased quantities of plastics being used in infrastructure, housing, and industrial applications. This has also been helped by foreign direct investment into construction, which has increased following relaxed FDI rules. There is also increased adoption of recycled plastics due to the need to upgrade public and industrial buildings, as customers and stakeholders look to redevelop buildings with materials that are more economical, better durability, and with a lower environmental impact, while also increasing structural efficiency. This page will land though the major drivers and trends that companies are adopting in the market.

Industry Overview

According to SkyQuest Technology “Recycled Plastic Market By Plastic Type (Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Polyvinyl Chloride (PVC), Low-Density Polyethylene (LDPE), Polypropylene (PP), Polystyrene (PS)) By Source, By Recycling Process, By Application, By Region - Industry Forecast 2025-2032,” the polypropylene (PP) segment has seen the greatest increase in demand for recycled plastics, in part because of industry interest in using recycled PP for containers, automotive parts, and consumer products.

Top 10 Global Recycled Plastic Companies

1. Veolia Environment S.A.

Founded in 1853, with headquarters in Aubervilliers, France, Veolia is today one of the world's largest providers of water, waste, and energy services. The company has set up and runs some of its major recycling facilities all across the world, including specific ones for the recovery of plastics. The company had sales worth about USD 48.27 billion in 2024. Old plastics are converted using this PlastiLoop technology into high-quality recycled resins such as PET, PP, and PE. Approximately 98 million people use the company's services for sanitation with another 111 million drawing drinking waters from the company. The company further reduces solid waste entering the landfill whilst promoting sustainable infrastructure and increases greatly the supply of recovered plastic around the world.

2. SUEZ

At all times concentrating on waste and water management, SUEZ leads in environmental services internationally. Founded in 1869, it is today headquartered in Paris, France. SUEZ actually invested a lot in building infrastructure for recycling plastics in support of the circular economy objectives. It made $1.08 billion in 2024. Yearly from wastes, SUEZ generates 8 TWh of power and operates 266 desalination plants. In addition, they also do a lot of plastic recycling to produce premium resins useful for industrial and packaging use. They are partnering with businesses and towns in the Middle East, Asia, and Europe on efforts to reduce the need for new plastic, up their recycling rates, and come up with sustainable solutions for waste management problems.

3. Indorama Ventures Public Co. Ltd.

One of the largest chemical companies in the globe, Indorama Ventures is the most highly skilled recycler of polyester and PET. Established in 1994, its headquarters are in Bangkok, Thailand. The company operates recycling facilities in North America, Europe, and Asia that produce recycled PET (rPET) for bottles, textiles, and packaging, and it generated $15.53 billion in sales in 2024. Many of its sites will probably have to close due to market shifts in 2024, although Indorama stays committed to the sustainability plan along with a pivot into the circular technology. It is recycling activities that are one of the main components of global efforts to reduce plastic waste. They deliver services to the consumer goods, textile, and beverage industries worldwide.

4. The ALPLA Group

Started in 1955 and headquartered in Hard, Austria, the ALPLA Group has established itself as one of the leading manufacturers of environment-friendly plastic packaging and recycling solutions in the world. With more than 200 locations across 46 countries, ALPLA generated $5.29 billion in revenue in 2024. The company has invested massively in recycling technologies, which enable them to manufacture premium recycled PET (rPET) and HDPE (rHDPE) resins to be used in innovative packaging solutions. To help end solid material loops, ALPLA also owns its own facilities for recycling and collaborates with international companies in sustainable packaging. It can be considered a major contributor to circle development with its strategic commitment.

5. Borealis AG

Borealis AG runs its operations in supplying fertilizers, basic chemicals, and polyolefins across the globe. Founded in 1994 and with headquarters in Vienna, Austria, the company is at a time when recyclables are becoming more prominent in importance. The strong global demand helped them generate sales of $8.48 billion in 2024. To enhance its recycling capabilities, Borealis acquired both MTM Plastics and Ecoplast and became a prominent partner in circular polyolefin solutions. The company invests in enabling the low-carbon economy and minimizes plastic waste in its target markets through funding new recycling technologies.

6. Alpek S.A.B. de C.V.

Alpek S.A.B. de C.V., a company based in Monterrey, Mexico, was established in 2012 and is a subsidiary of Grupo Alfa.  The industry manufactures all sorts of petrochemical products including synthetic fibers, PET, and PTA.   Although not specifying exact 2024 earnings from recycling, Alpek has been active in PET recycling to comply with the ever-increasing global demand for eco-packaging.   To extend the supply of recovered PET, the company collaborates with partners around the world and operates recycling facilities in Mexico.   Alpek's food-grade rPET assists in the circular economy by reducing the use of plastic by companies making clothing, drinks, and other products.

7. KW Polymers

With its headquarters in Troy, Alabama, USA, KW Plastics stands tall as the largest company in the world recycling hard plastics: HDPE and PP.   By recycling post-consumer and post-industrial plastics, the company produces high-quality resins for industrial, automotive, and packaging industries.  It earned $70.7 million in 2024.  It does not require so much new polymer production since it utilizes state-of-the-art recycling facilities to grind plastic to the tune of millions of pounds annually.  KW Plastics has received its fame from supplying recycled raw materials that efficiently bridge closures for industries around the globe.  Hence, it has become a very significant player in the business of recycled plastics in all North America.

8. MBA Polymers Inc.

Founded in 1992, MBA Polymers Inc. has significantly and long been involved with recovering plastics from complex waste such as scrap automobiles and electronic waste-from its head office in San Francisco, California, USA. For the most recent financial year in 2024, it had a turnover of $13.6 million, with plants in the USA and the UK and in China and Austria.  Mixed plastics-a cocktail of different industrial polymers like polycarbonate (PC), polypropylene (PP), and acrylonitrile-butadiene-styrene (ABS)-are recycled and upcycled by MBA Polymers into superior polymers for industrial application.  Due to its well-proven technology and long cumbersome experience, MBA Polymers has now become a champion of circular production by extending the usefulness of materials across many industries while at the same time reducing plastic waste.

9. Waste Management, Inc.

The US corporation Waste Management, Inc., founded in 1968, has grown to become the biggest waste service provider in North America.  Based in Houston, Texas, the firm earned USD 22.06 billion in 2024.  The company has large-scale recycling facilities for plastics and other wastes, 255 active landfills, and 144 energy-from-waste landfill gas projects.  The main focus of Waste Management is recycling plastics, such as PET, HDPE, and LDPE, into resins that can be utilized again for consumer goods and packaging.  In North America, the firm is a strong proponent for the circular economy by preventing plastics from going to landfill, thus saving GHG emissions through partnerships and investments in recycling technologies.

10. Biffa Group Ltd.

In the UK, one of the best recycling and waste management companies is the Biffa Group.  Established in 2007 and based in High Wycombe, UK, Biffa has not revealed any of its 2024 recycling revenue, but its subsidiary Biffa Polymers ranks as one of the largest recyclers of domestic plastic packaging in Europe.  The facilities have strengthened the ending of Biffa's plastic recycling business.  The firm additionally maintains energy recovery facilities converting leftover waste to green energy.  Biffa supports the circular economy by maximizing the use of recycled contents in packaging, reducing landfill dependency, and providing environmentally sound solutions for communities and businesses in dealing with plastic waste.

Other Leading Global Recycled Plastic Companies

• Loop Industries, Inc.
• Plastipak Holdings, Inc.
• TerraCycle Inc.
• CarbonLITE Industries LLC
• DS Smith Plc
• Stericycle, Inc.
• Republic Services, Inc.
• PLASTIC ENERGY Limited
• Avangard Innovative
• B&B Plastics

Conclusion

Today, there are numerous industries involved in waste management, packaging, and the chemical sector that form part of the global market for recycled plastics. Major players in this area that undertake a circular economy strategy and are operating at the multinational level include Veolia, SUEZ, Indorama Ventures, Borealis, and ALPLA. Biffa and DS Smith Recyclers together form two of the biggest European companies involved in the recovery of packaging and in producing resin from plastics. Other leading recycling companies in North America include Waste Management, KW Plastics, MBA Polymers, and CarbonLITE. Companies that are setting the standard for the recycling of chemicals and hard-to-recycle materials include Loop Industries, TerraCycle, and PLASTIC ENERGY. These companies work together to develop plastics in a more innovative, sustainable, and circular manner, which will lead to long-term growth in the market.