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Plastic Recycling Market Size, Growth, Share and Competitive Landscape - 2030

  • Writer: Amit Kumar
    Amit Kumar
  • Apr 8
  • 5 min read

Markntel Advisors’ report, Plastic Recycling Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Plastic Recycling presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Plastic Recycling Market Research Report & Market Summary:

The Global Plastic Recycling Market size is valued at nearly USD 32.9 billion in 2023 & is predicted to reach about USD 59.23 billion by 2030. Along with this, the market is also estimated to grow at a CAGR of about 8.72% during the forecast period, i.e., 2024-30. The market is experiencing significant growth, primarily fueled by the surging demand for plastic materials across various industries, including automotive, medical, textile, construction, and packaging.

✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

If you’re interested in the assumptions considered in this study, you can download the PDF brochure-  https://www.marknteladvisors.com/query/request-sample/global-plastic-recycling-market.html

Plastic Recycling Market Dynamics:

Key Driver-

Global Environment Initiatives & Corporate Innovations in Plastic Recycling & Circular Economy Solutions – With the rapidly increasing concerns about pollution & environmental degradation, different countries worldwide are taking several initiatives for plastic recycling & waste management to promote & spread awareness about suitable disposal practices for plastic & recycling it into new products. Due to this, many companies are investing and launching new products made up of recycled plastic as part of their circular economy process. For instance:

  • In 2023, Dow announced the development of a new resin made with around 70% recycled plastic. This innovative new solution, AGILIT CE, is the first post-consumer recycled (PCR) product offering of Dow's plastics circularity portfolio to incorporate a high percentage of post-consumer plastic waste.

These developments by the companies to incorporate plastic waste products in their product portfolio have increased the demand for recycled plastic in the market, as it underscores the growing recognition of the imperative to embrace sustainable packaging solutions.

Plastic Recycling Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Source

  • Bottles- Market Size & Forecast 2019-2030, USD Million

  • Films- Market Size & Forecast 2019-2030, USD Million

  • Fibers- Market Size & Forecast 2019-2030, USD Million

  • Foams- Market Size & Forecast 2019-2030, USD Million

By Plastic Type

  • Polyethylene Terephthalate (PET) - Market Size & Forecast 2019-2030, USD Million

  • Polyethylene (PE)- Market Size & Forecast 2019-2030, USD Million

  • Polypropylene (PP)- Market Size & Forecast 2019-2030, USD Million

  • Polyvinyl Chloride (PVC)- Market Size & Forecast 2019-2030, USD Million

  • Polystyrene (PS)- Market Size & Forecast 2019-2030, USD Million

By Type

  • Post-consumer Recyclates- Market Size & Forecast 2019-2030, USD Million

  • Industrial Recyclates- Market Size & Forecast 2019-2030, USD Million

Polyethylene Terephthalate (PET) holds a leading share of the Plastic Recycling Market, and this trend is expected to continue through 2030. 

By Process

  • Mechanical Recycling - Market Size & Forecast 2019-2030, USD Million

  • Chemical Recycling - Market Size & Forecast 2019-2030, USD Million

By Application

  • Packaging- Market Size & Forecast 2019-2030, USD Million

  • Building & Construction- Market Size & Forecast 2019-2030, USD Million

  • Textiles- Market Size & Forecast 2019-2030, USD Million

  • Automotive- Market Size & Forecast 2019-2030, USD Million

  • Electrical & Electronics- Market Size & Forecast 2019-2030, USD Million

The Packaging Sector is poised to experience the most rapid market growth during the forecast period, primarily driven by the substantial demand for plastic in various applications, particularly in the packaging of food & beverages, including ready-to-eat and ready-to-serve products. Packaging industries are increasingly repurposing plastic into versatile packaging products like bottles & containers.

By Region

  • North America

  • South America

  • Europe

  • The Middle East & Africa

  • Asia-Pacific.

The Asia-Pacific region is poised to hold its dominance in the Global Plastic Recycling Market throughout the forecast period. This position is primarily attributed to the substantial generation of plastic waste in the region, coupled with the growing number of government initiatives across many countries to address the escalating concerns related to plastic waste & the imperative to promote recycling. As per projections by the United Nations, plastic waste generation in the Asia-Pacific region is anticipated to reach approximately 140 million tons by 2030.

As indicated in the latest market research report published by Markntel Advisors, “Plastic Recycling Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Plastic Recycling industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Top Companies Operating in the Plastic Recycling Market:

  • Veolia

  • Suez

  • KW Plastic

  • Jayplas

  •  Schoenberg & Co.

  • B&B Plastics

  • Green Line Polymers

  • Clear Path Recycling                  

  • Custom Polymers

  • Plastipak Holdings.


Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address

Other Report:

  • The Southeast Asia luxury eyewear Market, valued at USD 482.11M in 2024, is expected to reach USD28M by 2030, growing at a CAGR of 6.45%.

  • India Fertilizer Market size was valued at around USD8Billion in 2024 and is projected to reach USD 14 Billion by 2030 along with a CAGR of 4.2%.

Key Report Highlights:

  • Market Dimensions & Projections

  • Pricing Evaluation,

  • Recent Strategic Moves by Companies,

  • Primary Stakeholders,

  • Analysis of Import and Export Trends,

  • Competitive Landscape Assessment,

  • Emerging Opportunities,

  • Market Trends and Indicators

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Frequently Asked Questions (FAQs)-

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?

  2. What are the trends influencing the current scenario of the market?

  3. What leading factors would propel and impede the industry across the geography?

  4. How has the industry been evolving in terms of geography & Plastic Recycling Market adoption?

  5. How has the competition been shaping up across the geography?

  6. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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