What is the Global market size of the Recycled Plastic Market?

Global Recycled Plastic Market size was valued at USD 43.66 billion in 2021 and is poised to grow from USD 47.01 billion in 2022 to USD 69.2 billion by 2030, growing at a CAGR of 4.9% in the forecast period (2023-2030).

Global Recycled Plastic Companies

Global Recycled Plastic Market Competitive Landscape

Recycled Plastic Market Top Players Company Profiles

Veolia Environnement S.A.
Borealis AG
SUEZ S.A.
Dow Chemical Company
Republic Services Inc.
Waste Management Inc.
Clean Harbors Inc.
Ultra-Poly Corporation
KW Plastics
Plastipak Holdings Inc.
Envision Plastics
Berry Global Inc.
Eco-Products Inc.
CarbonLITE Industries LLC
MBA Polymers Inc.
GreenLine Polymers
Nestlé S.A.
PepsiCo Inc.
Coca-Cola Company
Unilever NV

Recycled Plastic Market

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Global Recycled Plastic Market size was valued at USD 43.66 billion in 2019 and is poised to grow from USD 47.01 billion in 2023 to USD 69.2 billion by 2031, growing at a CAGR of 4.9% in the forecast period (2024-2031).

The global recycled plastic business is highly concentrated, with many large-scale vendors dominating the majority of the recycled plastic market. The majority of companies are involved in mergers and acquisitions so as to gain a competitive advantage and reach across various geographies of the world. 'Veolia Environnement S.A.', 'Borealis AG', 'SUEZ S.A.', 'Dow Chemical Company', 'Republic Services Inc.', 'Waste Management Inc.', 'Clean Harbors Inc.', 'Ultra-Poly Corporation', 'KW Plastics', 'Plastipak Holdings Inc.', 'Envision Plastics', 'Berry Global Inc.', 'Eco-Products Inc.', 'CarbonLITE Industries LLC', 'MBA Polymers Inc.', 'GreenLine Polymers', 'Nestlé S.A.', 'PepsiCo Inc.', 'Coca-Cola Company', 'Unilever NV'

Plastics are versatile, lightweight, and inexpensive materials that may be moulded into a wide range of goods. As a result, over the previous few decades, the output of plastics has expanded dramatically. However, its current use has resulted in a massive amount of trash, causing environmental issues. The landfill is the traditional method of trash disposal, however landfill space is becoming increasingly rare in many nations. Although this method has little environmental consequences, it does provide a long-term risk of soil and groundwater pollution, therefore damaging the environment.

The largest and fastest-growing source of recovered plastics is bottles. Because they have a stronger collecting and sorting network, they are the most recycled post-consumer plastics. Furthermore, PET resin is used in the majority of bottles, which is the most recycled resin with the highest recycling rate. Many developing countries are entering the recycling market, and because bottles are readily available, they will rely on them as a supply of recovered plastics.

In 2021, Asia Pacific dominated the recycled plastic market, accounting for approximately 47% of worldwide sales. Due to the growing need for non-residential construction projects such as hospitals, schools and colleges, the Asia Pacific construction industry is expected to increase significantly. This will boost demand for roofing tiles, insulation, fences, floor tiles, carpets, and a variety of other building materials. After Asia Pacific, Europe comes in second in terms of revenue. Embracing a circular economy to reduce the carbon footprint associated with traditional plastic manufacturing is leading the market.

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Global Recycled Plastic Market Size, Share, Growth Analysis, By Type(Polyethylene Terephthalate (PET), Polyethylene (PE)), By Application(Food Packaging, Construction) - Industry Forecast 2024-2031

Global Recycled Plastic Market Competitive Landscape

Global Recycled Plastic Market Report Snapshots

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Global Recycled Plastic Market Size, Share, Growth Analysis, By Type(Polyethylene Terephthalate (PET), Polyethylene (PE)), By Application(Food Packaging, Construction) - Industry Forecast 2024-2031

Global Recycled Plastic Market Competitive Landscape

Global Recycled Plastic Market Report Snapshots

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