The global recycled plastics market is projected to grow from USD 85.90 billion in 2025 to USD 149.25 billion by 2032, at a CAGR of 8.2% during the forecast period. This market is expected to experience significant growth across various end-use industries, including packaging, textiles, building & construction, automotive, electrical & electronics, and others.
“Industrial recyclates segment, by type, is estimated to account for the second-largest share during the forecast period”.
The industrial recyclates segment, by type, is projected to hold the second-largest share in the recycled plastics market during the forecast period. This growth is mainly driven by the increasing adoption of sustainable manufacturing practices across various industries, such as automotive, construction, electronics, and textiles. Industries are progressively incorporating recycled plastics into their production processes to reduce environmental impact, lower raw material costs, and comply with stringent government regulations and extended producer responsibility (EPR) frameworks. Furthermore, advancements in recycling technologies have enhanced the quality and performance of industrial-grade recyclates, making them a viable alternative to virgin plastics for many high-performance applications. The growing awareness among manufacturers regarding the circular economy, combined with rising investments in industrial plastic waste management infrastructure, further supports the expansion of this segment. As industries prioritize environmental sustainability and cost efficiency, the demand for industrial recyclates is expected to continue its strong upward trajectory.
“Packaging segment, by end-use industry, is projected to account for the largest share of the recycled plastics market during the forecast period”.
The packaging segment is expected to hold the largest share of the recycled plastics market during the forecast period, driven by several key factors shaping the industry landscape. Growing environmental concerns and increasing awareness among consumers and businesses regarding plastic pollution have intensified the demand for sustainable and eco-friendly packaging solutions. Regulatory pressures, such as bans on single-use plastics and mandates for recycled content in packaging materials, further encourage the shift towards recycled plastics. Additionally, major FMCG brands and retailers are committing to circular economy goals, which include integrating higher percentages of recycled materials into their packaging. The rise of e-commerce has also heightened the need for efficient and sustainable packaging, accelerating the adoption of recycled plastics. Technological advancements in plastic recycling processes, such as chemical recycling and improved sorting techniques, have enhanced the quality and usability of recycled resins, making them more viable for packaging applications. Collectively, these factors contribute to the significant growth of the packaging segment within the recycled plastics market.
Profile break-up of primary participants for the report:
- By Company Type: Tier 1 – 65%, Tier 2 – 20%, and Tier 3 – 15%
- By Designation: C-level– 25%, Director Level– 30%, and Others – 45%
- By Region: North America – 30%, Europe – 20%, Asia Pacific – 40%, Middle East & Africa – 7%, and South America – 3%
Research Coverage:
The report defines, segments, and projects the recycled plastics market based on type, source, end-use, plastic type, process, and region. It provides detailed information about the major factors influencing the market's growth, including drivers, restraints, opportunities, and challenges. It strategically profiles recycled plastics manufacturers, analyzes their market share and core competencies comprehensively, and tracks competitive developments, such as expansions, partnerships, and new product launches they undertake in the market.
Reasons to Buy the Report:
The report is expected to assist market leaders and new entrants by offering the most accurate approximations of revenue figures for the recycled plastics market and its segments. Additionally, this report aims to help stakeholders gain a better understanding of the market's competitive landscape, acquire insights to enhance their business positions, and devise effective go-to-market strategies. It also enables stakeholders to grasp the market's dynamics and provides essential information on key market drivers, constraints, challenges, and opportunities.
The report provides insights on the following:
- Analysis of key drivers (negative environmental impact on plastics disposal, growing awareness regarding energy savings and governments initiatives), restraints (intense competition from virgin plastics, adverse impact of downcycling), opportunities (favorable initiatives to promote use of recycled plastics in developed countries, increasing use in textile industry in developing countries of Asia Pacific), and challenges (ban on imports of waste or scrap plastics in China, difficulty in collection of raw materials) influencing the growth of the recycled plastics market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the recycled plastics market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the recycled plastics market across varied regions.
- Market Diversification: Exhaustive information about new products, various types, untapped geographies, recent developments, and investments in the recycled plastics market.
- Competitive Assessment: In-depth assessment of market share, growth strategies and product offerings of leading players such as Veolia (France), Indorama Ventures Public Company Limited (Thailand), Far Eastern New Century Corporation (Taiwan), Alpek S.A.B. de C.V. (Mexico), Berry Global Inc. (US), Biffa (UK), Cabka digital (Germany), Jayplas (England), KW Plastics (US), Loop Industries (Canada), MBA Polymers Inc. (US), PET RECYCLING TEAM (Austria), Plastipak Holdings, Inc. (US), REMONDIS SE & Co. KG (Germany), Republic Services (US), Stericycle, Inc. (US), Ultra-Poly Corporation (US), and others in the recycled plastics market.
- 1 Introduction
- 1.1 Study Objectives
- 1.2 Market Definition
- 1.3 Study Scope
- 1.3.1 Markets Covered And Regions Considered
- 1.3.2 Inclusions & Exclusions
- 1.3.3 Years Considered
- 1.3.4 Currency Considered
- 1.3.5 Units Considered
- 1.4 Stakeholders
- 1.5 Summary Of Changes
- 2 Research Methodology
- 2.1 Research Data
- 2.1.1 Secondary Data
- 2.1.1.1 Key Data From Secondary Sources
- 2.1.2 Primary Data
- 2.1.2.1 Key Data From Primary Sources
- 2.1.2.2 Key Industry Insights
- 2.1.2.3 List Of Participating Companies For Primary Research
- 2.2 Market Size Estimation
- 2.3 Base Number Calculation
- 2.3.1 Supply-side Approach
- 2.4 Data Triangulation
- 2.5 Growth Rate Assumptions/Growth Forecasts
- 2.6 Assumptions
- 2.7 Risk Assessment
- 2.8 Research Limitations
- 3 Executive Summary
- 4 Premium Insights
- 4.1 Attractive Opportunities In Recycled Plastics Market
- 4.2 Recycled Plastics Market, By Region
- 4.3 Recycled Plastics Market, By Type
- 4.4 Asia Pacific Recycled Plastics Market, By Plastic Type And Country
- 4.5 Recycled Plastics Market: Major Countries
- 5 Market Overview
- 5.1 Introduction
- 5.2 Market Dynamics
- 5.2.1 Drivers
- 5.2.1.1 Environmental Impact Of Plastic Waste And Disposal
- 5.2.1.2 Government Initiatives And Growing Awareness
- 5.2.1.3 Increasing Use In Packaging, Automotive, And Electrical
- & Electronics Industries
- 5.2.1.4 Rising Emphasis On Chemical Recycling
- 5.2.2 Restraints
- 5.2.2.1 Strong Competition From Virgin Plastics
- 5.2.2.2 Adverse Impacts Of Downcycling
- 5.2.3 Opportunities
- 5.2.3.1 Favorable Initiatives To Promote Use Of Recycled Plastics In Developed Countries
- 5.2.3.2 Increasing Use In Textiles Industry In Developed Apac Countries
- 5.2.3.3 Development Of New Recycling Technologies
- 5.2.4 Challenges
- 5.2.4.1 Ban On Imports Of Waste Or Scrap Plastics In China
- 5.2.4.2 Difficulties In Collecting Raw Materials
- 5.2.4.3 Low Recycling Rates For Most Plastics, Apart From Pet And Hdpe
- 5.2.4.4 Non-acceptance Of Pigmented Plastics By Most Recycling Facilities
- 5.3 Porter's Five Forces Analysis
- 5.3.1 Bargaining Power Of Suppliers
- 5.3.2 Bargaining Power Of Buyers
- 5.3.3 Threat Of Substitutes
- 5.3.4 Threat Of New Entrants
- 5.3.5 Degree Of Competition
- 5.4 Key Stakeholders And Buying Criteria
- 5.4.1 Key Stakeholders In Buying Process
- 5.4.2 Buying Criteria
- 5.5 Supply Chain Analysis
- 5.5.1 Prominent Companies
- 5.5.2 Small & Medium-sized Enterprises
- 5.6 Pricing Analysis
- 5.6.1 Average Selling Price Trend, By Plastic Type
- 5.6.2 Average Selling Price Trend Of Pet, By Region
- 5.7 Ecosystem Analysis
- 5.8 Patent Analysis
- 5.8.1 Introduction
- 5.8.2 Methodology
- 5.8.3 Patent Publication Trends
- 5.8.4 Jurisdiction Analysis
- 5.8.4.1 List Of Major Patents
- 5.9 Case Study Analysis
- 5.9.1 Case Study 1: Hp Partners With Sustainable Living Solutions For Closed-loop Plastic Recycling
- 5.9.2 Case Study 2: Plastic Recycling Initiatives In Germany
- 5.9.3 Case Study 3: Comparison Between Various Rpet Management Methods
- 5.10 Trade Analysis
- 5.10.1 Import Data For Hs Code 3915
- 5.10.2 Export Data For Hs Code 3915
- 5.11 Key Conferences & Events In 2024–2025
- 5.12 Regulatory Landscape
- 5.12.1 Regulatory Bodies, Government Agencies,
- And Other Organizations
- 5.13 Technology Analysis
- 5.13.1 Key Technologies
- 5.13.1.1 Mechanical Recycling
- 5.13.1.2 Chemical Recycling
- 5.13.2 Adjacent Technologies
- 5.13.2.1 Plastic-to-fuel (Ptf) Technologies
- 5.13.2.2 Advanced Sorting (Ai-based + Nir + Hyperspectral Imaging)
- 5.13.3 Complementary Technology Analysis
- 5.13.3.1 Additive Removal And Decontamination Technology
- 5.13.3.2 Compatibilizers And Polymer Blends
- 5.14 Trends/Disruptions Impacting Customers’ Businesses
- 5.15 Global Macroeconomic Outlook
- 5.15.1 Gdp
- 5.16 Impact Of 2025 Us Tariffs—recycled Plastics Market
- 5.16.1 Introduction
- 5.16.2 Key Tariff Rates
- 5.16.3 Price Impact Analysis
- 5.16.4 Impact On Countries/Regions
- 5.16.4.1 Us
- 5.16.4.2 Europe
- 5.16.4.3 Asia Pacific
- 5.16.5 Impact On End-use Industries
- 5.16.5.1 Packaging
- 5.16.5.2 Automotive Industry
- 5.16.5.3 Construction Industry
- 5.16.5.4 Electrical & Electronics
- 5.16.5.5 Textiles
- 5.17 Impact Of Ai On Recycled Plastics Market
- 5.17.1 Introduction
- 5.18 Ai In Recycling Infrastructure & Process Optimization
- 5.18.1 Ai-powered Sorting And Material Identification
- 5.18.2 Predictive Maintenance And Process Control
- 5.19 Generative Ai In Product Development And Market Intelligence
- 5.19.1 Demand Forecasting And Scenario Simulation
- 5.19.2 Accelerated R&D And Polymer Formulation
- 5.19.3 Ai-enabled Supply Chain Transparency And Regulatory Compliance
- 6 Recycled Plastics Market, By Process
- 6.1 Introduction
- 6.2 Mechanical Recycling
- 6.2.1 Mechanical Recycling Widely Adopted Due To Its Simplicity And Cost-effectiveness
- 6.3 Chemical Recycling
- 6.3.1 Increased Resource Efficiency And Versatility To Propel Demand For Chemical Recycling Of Plastics
- 7 Recycled Plastics Market, By Type
- 7.1 Introduction
- 7.2 Post-consumer Recyclates
- 7.2.1 Increased Use Of Plastics In Textiles, Food & Beverage,
- And Cosmetics To Fuel Market
- 7.3 Industrial Recyclates
- 7.3.1 Industrial Recyclates Help Reduce Greenhouse Gas Emissions
- And Save Energy
- 8 Recycled Plastics Market, By Source
- 8.1 Introduction
- 8.2 Bottles
- 8.2.1 Bottles To Be Largest Source Of Material For Recycled Plastics
- 8.3 Films
- 8.3.1 Growing Usage Of Single-use Plastic Bags To Drive Market
- 8.4 Fibers
- 8.4.1 Growth Of Textile Sector To Propel Demand
- 8.5 Foams
- 8.5.1 Growing Applications In Cushioning Materials And Panels For Buildings To Drive Market
- 8.6 Other Sources
- 9 Recycled Plastics Market, By Plastic Type
- 9.1 Introduction
- 9.2 Polyethylene Terephthalate (Pet)
- 9.2.1 Pet Offers Repeated Recycleability And Wide Application Range
- 9.3 Polyethylene (Pe)
- 9.3.1 Easy Recyclability To Drive Market
- 9.4 Polyvinyl Chloride (Pvc)
- 9.4.1 Wide Usage Of Recycled Pvc In Building & Construction To Propel Market Growth
- 9.5 Polypropylene (Pp)
- 9.5.1 Recycled Pp Market To Witness Growth Due To Industrialization
- 9.6 Polystyrene (Ps)
- 9.6.1 Asia Pacific To Be Dominant Market For Polystyrene Segment
- 9.7 Other Plastics
- 10 Recycled Plastics Market, By End-use Industry
- 10.1 Introduction
- 10.2 Packaging
- 10.2.1 Rising Use Of Recycled Plastics In Packaging Industry To Boost Demand
- 10.3 Building & Construction
- 10.3.1 Asia Pacific To Be Largest Market For Recycled Plastics In Building & Construction
- 10.4 Textiles
- 10.4.1 Rising Use Of Recycled Plastics To Create More Sustainable Versions Of Fabrics
- 10.5 Automotive
- 10.5.1 Use Of Recycled Plastics In Car Parts To Fuel Demand
- 10.6 Electricals & Electronics
- 10.6.1 North America To Be Fastest-growing Market For Recycled Plastics In Electrical & Electronic Applications
- 10.7 Other End-use Industries
- 11 Recycled Plastics Market, By Region
- 11.1 Introduction
- 11.2 Asia Pacific
- 11.2.1 China
- 11.2.1.1 Domestic Plastic Recycling Rate To Increase In China
- 11.2.2 Japan
- 11.2.2.1 Rise In Environmental Awareness And Increase In Consumer Plastic Waste Recycling Services To Enhance Demand
- 11.2.3 India
- 11.2.3.1 Rising Demand For Fast-moving Consumer Goods To Drive Market
- 11.2.4 South Korea
- 11.2.4.1 Government Initiatives For Plastic Recycling To Support Market Growth
- 11.2.5 Rest Of Asia Pacific
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Presence Of Strong Domestic Recycling Industry To Drive Market
- 11.3.2 Uk
- 11.3.2.1 Increasing Preference For Recycled Plastics Among Consumers And Manufacturers
- 11.3.3 France
- 11.3.3.1 Increase In Consumption Of Packaged Food & Beverage To Fuel Demand For Plastics
- 11.3.4 Italy
- 11.3.4.1 Technological Advancements To Drive Plastic Recycling
- 11.3.5 Spain
- 11.3.5.1 Investments In Plastic Recycling By Spanish Plastic Raw Material Manufacturers To Drive Market
- 11.3.6 Rest Of Europe
- 11.4 North America
- 11.4.1 Us
- 11.4.1.1 Government Initiatives To Increase Plastic Recycling To Drive Demand
- 11.4.2 Canada
- 11.4.2.1 Presence Of Well-established Recycling Infrastructure To Boost Demand For Recycled Plastics
- 11.4.3 Mexico
- 11.4.3.1 Large Consumption Of Bottled Water Offers Significant Opportunities For Plastic Recycling
- 11.5 Middle East & Africa
- 11.5.1 Gcc Countries
- 11.5.1.1 Saudi Arabia
- 11.5.1.1.1 Consumers Investing In Innovative Packaging Designs For Newer Recycled Plastic Products
- 11.5.1.2 Rest Of Gcc Countries
- 11.5.2 Iran
- 11.5.2.1 Limited Access To Virgin Plastics Due To International Sanctions
- 11.5.3 South Africa
- 11.5.3.1 Increased Use Of Recycled Plastics In Packaging Applications
- 11.5.4 Rest Of Middle East & Africa
- 11.6 South America
- 11.6.1 Brazil
- 11.6.1.1 High Plastic Waste Generation To Boost Market Growth
- 11.6.2 Argentina
- 11.6.2.1 Argentina’s Large Food & Beverage Sector To Drive Demand For Plastic Recycling
- 11.6.3 Rest Of South America
- 12 Competitive Landscape
- 12.1 Introduction
- 12.2 Key Player Strategies/Right To Win
- 12.3 Revenue Analysis, 2020–2024
- 12.3.1 Revenue Analysis Of Top Five Players
- 12.4 Market Share Analysis, 2024
- 12.4.1 Ranking Of Key Market Players, 2024
- 12.4.2 Market Share Analysis, 2024
- 12.5 Brand/Product Comparison
- 12.5.1 Plastiloop By Veolia
- 12.5.2 Deja
- 12.5.3 Republic Services
- 12.5.4 Berry Global
- 12.5.5 Alpek Polyester
- 12.6 Company Evaluation Matrix: Key Players, 2024
- 12.6.1 Stars
- 12.6.2 Emerging Leaders
- 12.6.3 Pervasive Players
- 12.6.4 Participants
- 12.6.5 Company Footprint: Key Players, 2024
- 12.6.5.1 Company Footprint
- 12.6.5.2 Region Footprint
- 12.6.5.3 Plastic Type Footprint
- 12.6.5.4 Source Footprint
- 12.6.5.5 Type Footprint
- 12.6.5.6 Process Footprint
- 12.6.5.7 End-use Industry Footprint
- 12.7 Company Evaluation Matrix: Startups/Smes, 2024
- 12.7.1 Progressive Companies
- 12.7.2 Responsive Companies
- 12.7.3 Dynamic Companies
- 12.7.4 Starting Blocks
- 12.7.5 Competitive Benchmarking: Startups/Smes, 2024
- 12.7.5.1 Detailed List Of Key Startups/Smes
- 12.7.5.2 Competitive Benchmarking Of Startups/Smes
- 12.8 Competitive Scenario
- 12.8.1 Product Launches
- 12.8.2 Deals
- 12.8.3 Expansions
- 12.9 Company Valuation & Financial Metrics
- 13 Company Profiles
- 13.1 Major Players
- 13.1.1 Veolia
- 13.1.1.1 Business Overview
- 13.1.1.2 Products Offered
- 13.1.1.3 Recent Developments
- 13.1.1.3.1 Deals
- 13.1.1.4 Mnm View
- 13.1.1.4.1 Right To Win
- 13.1.1.4.2 Strategic Choices
- 13.1.1.4.3 Weaknesses And Competitive Threats
- 13.1.2 Indorama Ventures
- 13.1.2.1 Business Overview
- 13.1.2.2 Products Offered
- 13.1.2.3 Recent Developments
- 13.1.2.3.1 Product Launches
- 13.1.2.3.2 Deals
- 13.1.2.3.3 Expansions
- 13.1.2.4 Mnm View
- 13.1.2.4.1 Right To Win
- 13.1.2.4.2 Strategic Choices
- 13.1.2.4.3 Weaknesses And Competitive Threats
- 13.1.3 Republic Services, Inc.
- 13.1.3.1 Business Overview
- 13.1.3.2 Products Offered
- 13.1.3.3 Recent Developments
- 13.1.3.3.1 Deals
- 13.1.3.3.2 Expansions
- 13.1.3.4 Mnm View
- 13.1.3.4.1 Right To Win
- 13.1.3.4.2 Strategic Choices
- 13.1.3.4.3 Weaknesses And Competitive Threats
- 13.1.4 Berry Global Inc. (Amcor Plc)
- 13.1.4.1 Business Overview
- 13.1.4.2 Products Offered
- 13.1.4.3 Recent Developments
- 13.1.4.3.1 Product Launches
- 13.1.4.3.2 Deals
- 13.1.4.3.3 Expansions
- 13.1.4.4 Mnm View
- 13.1.4.4.1 Right To Win
- 13.1.4.4.2 Strategic Choices
- 13.1.4.4.3 Weaknesses And Competitive Threats
- 13.1.5 Alpek S.A.B De C.V.
- 13.1.5.1 Business Overview
- 13.1.5.2 Products Offered
- 13.1.5.3 Recent Developments
- 13.1.5.3.1 Deals
- 13.1.5.4 Mnm View
- 13.1.5.4.1 Key Strengths
- 13.1.5.4.2 Strategic Choices
- 13.1.5.4.3 Weaknesses And Competitive Threats
- 13.1.6 Biffa
- 13.1.6.1 Business Overview
- 13.1.6.2 Products Offered
- 13.1.6.3 Recent Developments
- 13.1.6.3.1 Deals
- 13.1.6.3.2 Expansions
- 13.1.7 Cabka
- 13.1.7.1 Business Overview
- 13.1.7.2 Products Offered
- 13.1.7.3 Recent Developments
- 13.1.7.3.1 Deals
- 13.1.8 Far Eastern New Century Corporation
- 13.1.8.1 Business Overview
- 13.1.8.2 Products Offered
- 13.1.9 Jayplas
- 13.1.9.1 Business Overview
- 13.1.9.2 Products Offered
- 13.1.9.3 Recent Developments
- 13.1.9.3.1 Deals
- 13.1.9.3.2 Expansions
- 13.1.10 Kw Plastics
- 13.1.10.1 Business Overview
- 13.1.10.2 Products Offered
- 13.1.10.3 Recent Developments
- 13.1.10.3.1 Deals
- 13.1.10.3.2 Expansions
- 13.1.11 Loop Industries, Inc.
- 13.1.11.1 Business Overview
- 13.1.11.2 Products Offered
- 13.1.11.3 Recent Developments
- 13.1.11.3.1 Deals
- 13.1.11.3.2 Expansions
- 13.1.12 Mba Polymers Inc.
- 13.1.12.1 Business Overview
- 13.1.12.2 Products Offered
- 13.1.12.3 Recent Developments
- 13.1.12.3.1 Deals
- 13.1.12.3.2 Expansions
- 13.1.13 Pet Recycling Team
- 13.1.13.1 Business Overview
- 13.1.13.2 Products Offered
- 13.1.14 Plastipak Holdings, Inc.
- 13.1.14.1 Business Overview
- 13.1.14.2 Products Offered
- 13.1.14.3 Recent Developments
- 13.1.14.3.1 Deals
- 13.1.14.3.2 Expansions
- 13.1.15 Remondis Se & Co. Kg
- 13.1.15.1 Business Overview
- 13.1.15.2 Products Offered
- 13.1.15.3 Recent Developments
- 13.1.15.3.1 Deals
- 13.1.16 Unifi, Inc.
- 13.1.16.1 Business Overview
- 13.1.16.2 Products Offered
- 13.1.16.3 Recent Developments
- 13.1.16.3.1 Product Launches
- 13.1.16.3.2 Deals
- 13.1.17 Ultra Poly Corporation
- 13.1.17.1 Business Overview
- 13.1.17.2 Products Offered
- 13.2 Other Players
- 13.2.1 Fresh Pak
- 13.2.2 Custom Polymers
- 13.2.3 Envision Plastics
- 13.2.4 Greenpath Enterprises, Inc.
- 13.2.5 B&B Plastics Inc.
- 13.2.6 Pet Processors Llc
- 13.2.7 Replas
- 13.2.8 Dalmia Polypro Industries Pvt. Ltd.
- 14 Adjacent And Related Markets
- 14.1 Introduction
- 14.2 Limitations
- 14.3 Interconnected Markets
- 14.3.1 Molded Plastics Market
- 14.3.1.1 Market Definition
- 14.3.1.2 Market Overview
- 14.4 Molded Plastics Market, By Type
- 14.4.1 Polyethylene (Pe)
- 14.4.2 Polypropylene (Pp)
- 14.4.3 Polyvinyl Chloride (Pvc)
- 14.4.4 Polyethylene Terephthalate (Pet)
- 14.4.5 Polystyrene (Ps)
- 14.4.6 Polyurethane (Pu)
- 14.4.7 Others
- 14.5 Recycled Pet Market
- 14.5.1 Market Definition
- 14.5.2 Market Overview
- 14.5.3 Recycled Pet Market, By Type
- 14.5.3.1 Flakes
- 14.5.3.2 Chips
- 15 Appendix
- 15.1 Discussion Guide
- 15.2 Knowledgestore: Marketsandmarkets’ Subscription Portal
- 15.3 Customization Options
- 15.4 Related Reports
- 15.5 Author Details
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook