Plastic Recycling Market Size Trends, Analysis, and Forecast till 2035

The Plastic Recycling Market Report offers an in-depth exploration of emerging market trends, driving factors, challenges, and key segments that shape the industry. It includes a thorough examination of regulatory frameworks, company profiles, and the latest industry developments. The report delves into product development, positioning strategies, and the impact of new technologies on the market landscape. By identifying challenges and opportunities, the report provides a detailed roadmap for market growth.

The plastic recycling is the process of recovering and reprocessing plastic waste into new, usable materials or products. Rather than being disposed of in landfills or incinerated, used plastics are collected, sorted, cleaned, and transformed through mechanical or chemical processes into new plastic items. Governments globally are implementing strict rules to reduce plastic waste, ban single-use plastics, and promote extended producer responsibility (EPR), is expected to drive plastic recycling market growth.

Report Highlights:

Plastic recycling market size is accounted for USD 40.1 Billion in 2025.

The plastic recycling market size is expected to grow at a valuation of USD 88.1 billion by 2035, and projected to expand at a CAGR of 9.0%.

Based on product, high-density polyethylene is expected as leading segment in plastic recycling market share.

On the basis of process, mechanical segment holds the largest plastic recycling market share.

Under source, plastic bottles represent the first and most dominant source segment in plastic recycling market size.

By end-user, the target market is dominated by packaging segment.

In plastic recycling market, Asia Pacific is holding the major share.

North America is experiencing significant growth in market.

Key Highlights

• In May 2025, Nova Chemicals new polyethylene (PE) film mechanical recycling facility in Connersville, Indiana, U.S. marks a major landmark for both the company. This new facility was largest plastic film mechanical recycling facilities in the global. It distances 41806 m2 and aimed to recycle 145,000 bales of end-of-life plastic film to produce over 45.3 million kgs of Syndigo recycled PE (rLLDPE), which was suitable for food- and non-food grade packaging applications.

Report Analysis:

Waste Process Cycle for Plastics:

The waste process cycle for plastics is a comprehensive system that outlines plastic moves from its initial production to final disposal or reuse, with the goal of minimizing environmental impact and maximizing resource efficiency.

• Plastic Production: Plastics are primarily derived from fossil fuels such as crude oil and natural gas. Plastics are manufactured into various type, such as PET, HDPE, LDPE, PP, PVC, and PS and are used across multiple sectors including packaging, consumer goods, automotive components, and electronics.
• Plastic Use / Consumption: This phase includes both single-use items and long-lasting goods. Once these items reach the end of their useful life, it become plastic waste, which can be categorized into post-consumer waste.
• Collection & Transportation: Municipal solid waste systems, private recycling companies, and informal sectors gather plastic waste. This waste is then transported to facilities such as Material Recovery Facilities (MRFs) for processing.
• Sorting and Segregation: This step involves separating plastics based on polymer type, color, and contamination level. Sorting is a crucial step and may be done manually or using advanced technologies.
• Recycling or Recovery: Clean and sorted plastics are washed, shredded, melted, and remolded into pellets, which are used to manufacture new plastic products. This method is cost-effective but can degrade the material quality over time.

Segmentation:

By Material:

Low-Density Chemical (HDPE)

Polypropylene

Chemical Terephthalate

Polyvinyl Chloride

Acrylonitrile Butadiene Styrene (ABS)

Others

By Process:

Mechanical

Chemical

By Source:

Plastic Bottles

Plastic Films

Polymer Foam

Others

By End-User:

Packaging

Construction

Textile

Automotive

Electronics

Others

By Region:

North America

U.S.

Canada

Europe

Germany

U.K.

France

Russia

Italy

Spain

Netherlands

Rest of Europe

Asia Pacific

China

India

Japan

Australia

Indonesia

Malaysia

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Argentina

Rest of Latin America

Middle East & Africa

GCC

Israel

South Africa

Rest of Middle East & Africa

Plastic Recycling Market Companies:

The Shakti Plastic Industries

Veolia

WM Intellectual Property Holdings, L.L.C.

Republic Services

USEON Technology Limited

Exxon Mobil Corporation

Paprec

Indorama Ventures Public Company Limited

Covestro AG

Borealis AG

Biffa

Cleanaway

ALPLA

LyondellBasell Industries Holdings B.V.

Plastipak Holdings, Inc.

What You’ll Gain from This Report:

• Regional & Country-Specific Insights: Unlock detailed market share analysis across key regions and countries, empowering you to pinpoint growth opportunities and optimize your strategic positioning.
• Guidance for Market Entry: Expert-backed strategies to overcome entry barriers, establish a foothold, and accelerate expansion in new or competitive markets.
• Reliable Long-Term Forecasts: Data-driven projections from 2025 to 2035, including pivotal milestones for 2025, 2026, and 2030, ensuring confident, future-proof investments.
• In-Depth Market Trend Analysis: Explore the forces shaping the industry—drivers, challenges, emerging opportunities, and risks—along with insights into high-growth sectors and potential obstacles.
• Proven Business Strategies: Actionable, data-backed recommendations tailored to key market segments, helping you maximize profitability and outperform competitors.
• Competitive Intelligence: Stay ahead with a clear view of industry trends, competitor strategies, and untapped market potential to refine your approach.
• Exclusive Company Profiles: In-depth analysis of top market players, including business models, financial performance, strategic initiatives, and recent developments.
• Innovative Supply Chain Trends: Discover the latest technological advancements transforming supply chains—boosting efficiency, cutting costs, and driving innovation.

This report provides the strategic intelligence you need to navigate a dynamic market landscape and make decisions that propel long-term success.

FAQs:

Key Questions Answered in the Report.

1. What was the Plastic Recycling Market size in 2025?

2. What is projected growth rate of the Plastic Recycling Market during 2025-2035?

3. What are the key factors driving the Plastic Recycling Market growth?

4. What are leading players in the Plastic Recycling Market ?

5. What are the key regions analyzed in the Plastic Recycling Market ?

6. Which region is dominating in the Plastic Recycling Market ?
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