Recycled Plastics Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Recycled Plastics Market Report is Segmented by Type (Polyethylene, Polyvinyl Chloride, Polyethylene Terephthalate, Polypropylene, Polystyrene, and Other Types), Source (Foams, Films, Bottles, Fibers, and Other Sources), End User (Building and Construction, Packaging, Electrical and Electronics, Automotive, and Other End Users), and Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). The Report Offers Market Size and Forecasts for the Recycled Plastics Market in Value (USD) for all the Above Segments.

Recycled Plastics Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Recycled Plastics Market Size

Recycled Plastics Market Summary
Study Period 2020 - 2030
Market Size (2025) USD 64.96 Billion
Market Size (2030) USD 88.05 Billion
CAGR (2025 - 2030) 6.27 %
Fastest Growing Market North America
Largest Market Asia Pacific
Market Concentration Low

Major Players

Recycled Plastics Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Recycled Plastics Market with other markets in Professional and Commercial Services Industry

Commercial Services

Consumer and B2C Services

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Recycled Plastics Market Analysis

The Recycled Plastics Market size is estimated at USD 64.96 billion in 2025, and is expected to reach USD 88.05 billion by 2030, at a CAGR of 6.27% during the forecast period (2025-2030).

Recycled plastics are the result of repurposing waste plastic into valuable items. The process involves sorting, cleaning, extruding, reprocessing, and identifying the plastic. With the prevalent global issue of non-biodegradable plastics, recycling stands out as a crucial solution to combat the environmental accumulation of polymers.

Technological advancements in recycling are pivotal in driving the recycled plastics market. Innovations like chemical recycling and improved sorting methods have significantly boosted the efficiency and quality of recycled plastics. Moreover, as consumers increasingly prioritize sustainability, manufacturers across industries, from automotive to consumer goods, are adopting recycled materials. This shift is evident in the production of various items, including car parts, packaging, and household goods. With these advancements and the growing demand for sustainable solutions, the market is poised for substantial growth in the coming years.

Recycled Plastics Industry Overview

The recycled plastics market is fragmented, with the presence of several local and global players. Major players in the market are focusing on their growth strategies, such as investing in R&D centers, expansion of plastic recycling operations, and infrastructure development to strengthen their presence. Some of the major players include Biffa, Stericycle, Republic Services, Veolia, and Indorama Ventures.

Recycled Plastics Market Leaders

  1. Biffa

  2. Stericycle

  3. Republic Services

  4. Veolia

  5. Indorama Ventures

  6. *Disclaimer: Major Players sorted in no particular order
Recycled Plastics Market Concentration
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Recycled Plastics Market News

  • March 2024: PepsiCo, in collaboration with its partners in the flexible food packaging supply chain, unveiled a line of premium snack packaging boasting a significant 50% recycled plastic content. This innovative packaging, meeting rigorous food-contact standards, debuted with PepsiCo's Sunbites brand, initially hitting the shelves in the United Kingdom and Ireland.
  • February 2023: SK Geo-Centric, Loop Industries, and SUEZ announced their selection of the Grand Est region in France to manufacture virgin-quality PET plastic exclusively from 100% recycled materials. The trio plans to commence construction in early 2025, targeting a plant commissioning by 2027.

Recycled Plastics Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumption and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS AND INSIGHTS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Increasing Awareness Regarding Sustainable Plastic Waste Management
    • 4.2.2 Implementation of Restrictions on Landfills
  • 4.3 Market Restraints
    • 4.3.1 Preference for Virgin Plastics Over Their Recycled Alternatives
    • 4.3.2 Ineffective Plastic Waste Segregation and Disposal
  • 4.4 Market Opportunities
    • 4.4.1 Regulations Imposed by Authorities Promote the Adoption of Recycled Plastics
    • 4.4.2 Advancements in Plastic Recycling Technologies
  • 4.5 Value Chain Analysis
  • 4.6 Industry Attractiveness: Porter's Five Forces Analysis
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Buyers
    • 4.6.3 Bargaining Power of Suppliers
    • 4.6.4 Threat of Substitutes
    • 4.6.5 Intensity of Competitive Rivalry
  • 4.7 Insights into Technological Advancements in the Industry
  • 4.8 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Polyethylene
    • 5.1.2 Polyvinyl Chloride
    • 5.1.3 Polyethylene Terephthalate
    • 5.1.4 Polypropylene
    • 5.1.5 Polystyrene
    • 5.1.6 Other Types
  • 5.2 By Source
    • 5.2.1 Foams
    • 5.2.2 Films
    • 5.2.3 Bottles
    • 5.2.4 Fibers
    • 5.2.5 Other Sources
  • 5.3 By End User
    • 5.3.1 Building and Construction
    • 5.3.2 Packaging
    • 5.3.3 Electrical and Electronics
    • 5.3.4 Automotive
    • 5.3.5 Other End Users
  • 5.4 By Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Rest of North America
    • 5.4.2 Europe
    • 5.4.2.1 United Kingdom
    • 5.4.2.2 Germany
    • 5.4.2.3 France
    • 5.4.2.4 Russia
    • 5.4.2.5 Italy
    • 5.4.2.6 Spain
    • 5.4.2.7 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 India
    • 5.4.3.2 China
    • 5.4.3.3 Japan
    • 5.4.3.4 Australia
    • 5.4.3.5 Rest of Asia-Pacific
    • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
    • 5.4.5 Middle East and Africa
    • 5.4.5.1 United Arab Emirates
    • 5.4.5.2 South Africa
    • 5.4.5.3 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 Biffa
    • 6.2.2 Stericycle
    • 6.2.3 Republic Services
    • 6.2.4 Veolia
    • 6.2.5 Indorama Ventures
    • 6.2.6 Loop Industries
    • 6.2.7 Plastipak Holdings
    • 6.2.8 KW Plastics
    • 6.2.9 B&B Plastics
    • 6.2.10 Green Line Polymers*
  • *List Not Exhaustive

7. MARKET FUTURE TRENDS

8. DISCLAIMER AND ABOUT US

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Recycled Plastics Industry Segmentation

Plastic recycling involves the recovery and reprocessing of scrap or waste plastics into valuable products. This not only reduces landfill dependence but also helps in resource conservation, combating both plastic pollution and greenhouse gas emissions. The market for recycled plastics is categorized by type, source, end user, and geography. Types include polyethylene, polyvinyl chloride, polyethylene terephthalate, polypropylene, polystyrene, and other types. Sources encompass foams, films, bottles, fibers, and other sources. End users span building and construction, packaging, electrical & electronics, automotive, and other end users. Geographically, the market is divided into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The report offers market size and forecasts for the recycled plastics market in value (USD) for all the above segments.

By Type Polyethylene
Polyvinyl Chloride
Polyethylene Terephthalate
Polypropylene
Polystyrene
Other Types
By Source Foams
Films
Bottles
Fibers
Other Sources
By End User Building and Construction
Packaging
Electrical and Electronics
Automotive
Other End Users
By Geography North America United States
Canada
Rest of North America
Europe United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia-Pacific India
China
Japan
Australia
Rest of Asia-Pacific
South America Brazil
Argentina
Rest of South America
Middle East and Africa United Arab Emirates
South Africa
Rest of Middle East and Africa
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Recycled Plastics Market Research Faqs

How big is the Recycled Plastics Market?

The Recycled Plastics Market size is expected to reach USD 64.96 billion in 2025 and grow at a CAGR of 6.27% to reach USD 88.05 billion by 2030.

What is the current Recycled Plastics Market size?

In 2025, the Recycled Plastics Market size is expected to reach USD 64.96 billion.

Who are the key players in Recycled Plastics Market?

Biffa, Stericycle, Republic Services, Veolia and Indorama Ventures are the major companies operating in the Recycled Plastics Market.

Which is the fastest growing region in Recycled Plastics Market?

North America is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Recycled Plastics Market?

In 2025, the Asia Pacific accounts for the largest market share in Recycled Plastics Market.

What years does this Recycled Plastics Market cover, and what was the market size in 2024?

In 2024, the Recycled Plastics Market size was estimated at USD 60.89 billion. The report covers the Recycled Plastics Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Recycled Plastics Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Recycled Plastics Industry Report

Statistics for the 2025 Recycled Plastics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Recycled Plastics analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.