Global Recycled Plastics Market Size, Share & Trends Analysis Report By Product, By Source (Plastic Bottles, Plastic Films, Polymer Foam, and Others), By Application, By Regional Outlook and Forecast, 2024 - 2031

Global Recycled Plastics Market Size, Share & Trends Analysis Report By Product, By Source (Plastic Bottles, Plastic Films, Polymer Foam, and Others), By Application, By Regional Outlook and Forecast, 2024 - 2031


The Global Recycled Plastics Market size is expected to reach $106.6 billion by 2031, rising at a market growth of 9.2% CAGR during the forecast period. In the year 2023, the market attained a volume of 39,075.7 kilo tonnes, experiencing a growth of 22.2% (2020-2023).

Recycling polyvinyl chloride (PVC) reduces the demand for virgin PVC resin, conserving natural resources such as crude oil and natural gas. Therefore, the Recycling polyvinyl chloride (PVC) acquired $7,671.6 million revenue in 2023. Also, the US market would utilize 1,996.4 kilo tonnes of Recycled Plastics by 2031. Producing recycled PVC requires less energy than recycling virgin PVC, reducing energy consumption and lowering greenhouse gas emissions.

The design of products based on DfR principles aims to increase the quality of recycled plastics and the efficiency of the recycling process by utilizing compatible materials that are easy to separate and recycle. Designing products for easy disassembly and separation of components allows for more efficient material recovery and recycling, increasing the yield and quality of recycled plastics. Therefore, the market is expanding significantly due to the integrating design for recycling (DfR) principles. Additionally, Additives and modifiers can enhance the mechanical properties of recycled plastics, such as strength, stiffness, and impact resistance, making them suitable for a wider range of applications. They can also improve the thermal stability of recycled plastics, allowing them to withstand higher temperatures during processing and use, expanding their potential applications. Thus, because of the recycled plastic additives and modifiers, the market is anticipated to increase significantly.

However, Supply chain complexity and fragmentation can lead to higher costs due to inefficiencies in logistics, transportation, and inventory management, making recycled plastics less competitive compared to virgin plastics. Therefore, fragmented supply chains are more vulnerable to disruptions, like natural disasters, geopolitical tensions, and economic downturns, which can disrupt the flow of recycled plastics and hinder market growth.

Product Outlook

By product, the market is categorized into polyethylene, polyethylene terephthalate, polypropylene, polyvinyl chloride, polystyrene, and others. The polyethylene terephthalate segment procured a promising growth rate in the market in 2023. In terms of volume, the polyethylene terephthalate segment would utilize 9,014.4 kilo tonnes of recycled plastics by 2031. PET is one of the most used plastics globally, especially in packaging applications. Its widespread use in bottles, containers, and packaging has led to significant PET waste, creating opportunities for recycling, and developing recycled plastics.

Source Outlook

Based on source, the market is classified into plastic bottles, plastic films, polymer foam, and others. The polymer foam segment garnered a significant revenue share in the market in 2023. In terms of volume, the polymer foam segment would utilize 8,044.3 kilo tonnes of recycled plastics by 2031. Polymer foams are used in various applications across various industries, including packaging, construction, automotive, furniture, and consumer goods. Common types of polymer foams include expanded polystyrene (EPS), expanded polyethylene (EPE), and polyurethane (PU) foam.

Application Outlook

On the basis of application, the market is divided into building & construction, packaging, electrical & electronics, textiles, automotive, and others. In 2023, the packaging segment acquired 36.1% market share in the market. In terms of volume, the packaging segment would utilize 24,251.3 kilo tonnes of recycled plastics by 2031. Recycled plastics, including rPE, rPP, and rPET, are used to produce flexible packaging materials, such as pouches, bags, and sachets, for various products, including snacks, beverages, and personal care items.

Regional Outlook

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the Asia Pacific region led the market by generating a 47.2% revenue share. In terms of volume, the Asia Pacific region would utilize 38,370.5 kilo tonnes of recycled plastics by 2031. The Asia Pacific region is experiencing rapid economic growth and urbanization, increasing plastic consumption and waste generation. Managing and decreasing plastic waste in Asia Pacific's densely populated urban areas fuels the demand for recycled plastics.

List of Key Companies Profiled
  • Remondis SE & Co. KG (Rethmann Se & Co. Kg)
  • Stericycle, Inc.
  • Veolia Environnement S.A.
  • Shell plc
  • Clean Harbors, Inc.
  • Covestro AG
  • Cabka Group GmbH
  • Indorama Ventures Public Company Limited (Indorama Resources Ltd.)
  • Plastipak Holdings, Inc.
  • Biffa plc (Energy Capital Partners Management, LP)
Global Recycled Plastics Market Report Segmentation

By Product (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • Polyethylene
  • Polypropylene
  • Polyethylene Terephthalate
  • Polyvinyl Chloride
  • Polystyrene
  • Others
By Source (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • Plastic Bottles
  • Plastic Films
  • Polymer Foam
  • Others
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • Packaging
  • Building & Construction
  • Electrical & Electronics
  • Textiles
  • Automotive
  • Others
By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Recycled Plastics Market, by Product
1.4.2 Global Recycled Plastics Market, by Source
1.4.3 Global Recycled Plastics Market, by Application
1.4.4 Global Recycled Plastics Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Global Recycled Plastics Market by Product
4.1 Global Polyethylene Market by Region
4.2 Global Polypropylene Market by Region
4.3 Global Polyethylene Terephthalate Market by Region
4.4 Global Polyvinyl Chloride Market by Region
4.5 Global Polystyrene Market by Region
4.6 Global Others Market by Region
Chapter 5. Global Recycled Plastics Market by Source
5.1 Global Plastic Bottles Market by Region
5.2 Global Plastic Films Market by Region
5.3 Global Polymer Foam Market by Region
5.4 Global Others Market by Region
Chapter 6. Global Recycled Plastics Market by Application
6.1 Global Packaging Market by Region
6.2 Global Building & Construction Market by Region
6.3 Global Electrical & Electronics Market by Region
6.4 Global Textiles Market by Region
6.5 Global Automotive Market by Region
6.6 Global Others Market by Region
Chapter 7. Global Recycled Plastics Market by Region
7.1 North America Recycled Plastics Market
7.1.1 North America Recycled Plastics Market by Product
7.1.1.1 North America Polyethylene Market by Country
7.1.1.2 North America Polypropylene Market by Country
7.1.1.3 North America Polyethylene Terephthalate Market by Country
7.1.1.4 North America Polyvinyl Chloride Market by Country
7.1.1.5 North America Polystyrene Market by Country
7.1.1.6 North America Others Market by Country
7.1.2 North America Recycled Plastics Market by Source
7.1.2.1 North America Plastic Bottles Market by Country
7.1.2.2 North America Plastic Films Market by Country
7.1.2.3 North America Polymer Foam Market by Country
7.1.2.4 North America Others Market by Country
7.1.3 North America Recycled Plastics Market by Application
7.1.3.1 North America Packaging Market by Country
7.1.3.2 North America Building & Construction Market by Country
7.1.3.3 North America Electrical & Electronics Market by Country
7.1.3.4 North America Textiles Market by Country
7.1.3.5 North America Automotive Market by Country
7.1.3.6 North America Others Market by Country
7.1.4 North America Recycled Plastics Market by Country
7.1.4.1 US Recycled Plastics Market
7.1.4.1.1 US Recycled Plastics Market by Product
7.1.4.1.2 US Recycled Plastics Market by Source
7.1.4.1.3 US Recycled Plastics Market by Application
7.1.4.2 Canada Recycled Plastics Market
7.1.4.2.1 Canada Recycled Plastics Market by Product
7.1.4.2.2 Canada Recycled Plastics Market by Source
7.1.4.2.3 Canada Recycled Plastics Market by Application
7.1.4.3 Mexico Recycled Plastics Market
7.1.4.3.1 Mexico Recycled Plastics Market by Product
7.1.4.3.2 Mexico Recycled Plastics Market by Source
7.1.4.3.3 Mexico Recycled Plastics Market by Application
7.1.4.4 Rest of North America Recycled Plastics Market
7.1.4.4.1 Rest of North America Recycled Plastics Market by Product
7.1.4.4.2 Rest of North America Recycled Plastics Market by Source
7.1.4.4.3 Rest of North America Recycled Plastics Market by Application
7.2 Europe Recycled Plastics Market
7.2.1 Europe Recycled Plastics Market by Product
7.2.1.1 Europe Polyethylene Market by Country
7.2.1.2 Europe Polypropylene Market by Country
7.2.1.3 Europe Polyethylene Terephthalate Market by Country
7.2.1.4 Europe Polyvinyl Chloride Market by Country
7.2.1.5 Europe Polystyrene Market by Country
7.2.1.6 Europe Others Market by Country
7.2.2 Europe Recycled Plastics Market by Source
7.2.2.1 Europe Plastic Bottles Market by Country
7.2.2.2 Europe Plastic Films Market by Country
7.2.2.3 Europe Polymer Foam Market by Country
7.2.2.4 Europe Others Market by Country
7.2.3 Europe Recycled Plastics Market by Application
7.2.3.1 Europe Packaging Market by Country
7.2.3.2 Europe Building & Construction Market by Country
7.2.3.3 Europe Electrical & Electronics Market by Country
7.2.3.4 Europe Textiles Market by Country
7.2.3.5 Europe Automotive Market by Country
7.2.3.6 Europe Others Market by Country
7.2.4 Europe Recycled Plastics Market by Country
7.2.4.1 Germany Recycled Plastics Market
7.2.4.1.1 Germany Recycled Plastics Market by Product
7.2.4.1.2 Germany Recycled Plastics Market by Source
7.2.4.1.3 Germany Recycled Plastics Market by Application
7.2.4.2 UK Recycled Plastics Market
7.2.4.2.1 UK Recycled Plastics Market by Product
7.2.4.2.2 UK Recycled Plastics Market by Source
7.2.4.2.3 UK Recycled Plastics Market by Application
7.2.4.3 France Recycled Plastics Market
7.2.4.3.1 France Recycled Plastics Market by Product
7.2.4.3.2 France Recycled Plastics Market by Source
7.2.4.3.3 France Recycled Plastics Market by Application
7.2.4.4 Russia Recycled Plastics Market
7.2.4.4.1 Russia Recycled Plastics Market by Product
7.2.4.4.2 Russia Recycled Plastics Market by Source
7.2.4.4.3 Russia Recycled Plastics Market by Application
7.2.4.5 Spain Recycled Plastics Market
7.2.4.5.1 Spain Recycled Plastics Market by Product
7.2.4.5.2 Spain Recycled Plastics Market by Source
7.2.4.5.3 Spain Recycled Plastics Market by Application
7.2.4.6 Italy Recycled Plastics Market
7.2.4.6.1 Italy Recycled Plastics Market by Product
7.2.4.6.2 Italy Recycled Plastics Market by Source
7.2.4.6.3 Italy Recycled Plastics Market by Application
7.2.4.7 Rest of Europe Recycled Plastics Market
7.2.4.7.1 Rest of Europe Recycled Plastics Market by Product
7.2.4.7.2 Rest of Europe Recycled Plastics Market by Source
7.2.4.7.3 Rest of Europe Recycled Plastics Market by Application
7.3 Asia Pacific Recycled Plastics Market
7.3.1 Asia Pacific Recycled Plastics Market by Product
7.3.1.1 Asia Pacific Polyethylene Market by Country
7.3.1.2 Asia Pacific Polypropylene Market by Country
7.3.1.3 Asia Pacific Polyethylene Terephthalate Market by Country
7.3.1.4 Asia Pacific Polyvinyl Chloride Market by Country
7.3.1.5 Asia Pacific Polystyrene Market by Country
7.3.1.6 Asia Pacific Others Market by Country
7.3.2 Asia Pacific Recycled Plastics Market by Source
7.3.2.1 Asia Pacific Plastic Bottles Market by Country
7.3.2.2 Asia Pacific Plastic Films Market by Country
7.3.2.3 Asia Pacific Polymer Foam Market by Country
7.3.2.4 Asia Pacific Others Market by Country
7.3.3 Asia Pacific Recycled Plastics Market by Application
7.3.3.1 Asia Pacific Packaging Market by Country
7.3.3.2 Asia Pacific Building & Construction Market by Country
7.3.3.3 Asia Pacific Electrical & Electronics Market by Country
7.3.3.4 Asia Pacific Textiles Market by Country
7.3.3.5 Asia Pacific Automotive Market by Country
7.3.3.6 Asia Pacific Others Market by Country
7.3.4 Asia Pacific Recycled Plastics Market by Country
7.3.4.1 China Recycled Plastics Market
7.3.4.1.1 China Recycled Plastics Market by Product
7.3.4.1.2 China Recycled Plastics Market by Source
7.3.4.1.3 China Recycled Plastics Market by Application
7.3.4.2 Japan Recycled Plastics Market
7.3.4.2.1 Japan Recycled Plastics Market by Product
7.3.4.2.2 Japan Recycled Plastics Market by Source
7.3.4.2.3 Japan Recycled Plastics Market by Application
7.3.4.3 India Recycled Plastics Market
7.3.4.3.1 India Recycled Plastics Market by Product
7.3.4.3.2 India Recycled Plastics Market by Source
7.3.4.3.3 India Recycled Plastics Market by Application
7.3.4.4 South Korea Recycled Plastics Market
7.3.4.4.1 South Korea Recycled Plastics Market by Product
7.3.4.4.2 South Korea Recycled Plastics Market by Source
7.3.4.4.3 South Korea Recycled Plastics Market by Application
7.3.4.5 Singapore Recycled Plastics Market
7.3.4.5.1 Singapore Recycled Plastics Market by Product
7.3.4.5.2 Singapore Recycled Plastics Market by Source
7.3.4.5.3 Singapore Recycled Plastics Market by Application
7.3.4.6 Malaysia Recycled Plastics Market
7.3.4.6.1 Malaysia Recycled Plastics Market by Product
7.3.4.6.2 Malaysia Recycled Plastics Market by Source
7.3.4.6.3 Malaysia Recycled Plastics Market by Application
7.3.4.7 Rest of Asia Pacific Recycled Plastics Market
7.3.4.7.1 Rest of Asia Pacific Recycled Plastics Market by Product
7.3.4.7.2 Rest of Asia Pacific Recycled Plastics Market by Source
7.3.4.7.3 Rest of Asia Pacific Recycled Plastics Market by Application
7.4 LAMEA Recycled Plastics Market
7.4.1 LAMEA Recycled Plastics Market by Product
7.4.1.1 LAMEA Polyethylene Market by Country
7.4.1.2 LAMEA Polypropylene Market by Country
7.4.1.3 LAMEA Polyethylene Terephthalate Market by Country
7.4.1.4 LAMEA Polyvinyl Chloride Market by Country
7.4.1.5 LAMEA Polystyrene Market by Country
7.4.1.6 LAMEA Others Market by Country
7.4.2 LAMEA Recycled Plastics Market by Source
7.4.2.1 LAMEA Plastic Bottles Market by Country
7.4.2.2 LAMEA Plastic Films Market by Country
7.4.2.3 LAMEA Polymer Foam Market by Country
7.4.2.4 LAMEA Others Market by Country
7.4.3 LAMEA Recycled Plastics Market by Application
7.4.3.1 LAMEA Packaging Market by Country
7.4.3.2 LAMEA Building & Construction Market by Country
7.4.3.3 LAMEA Electrical & Electronics Market by Country
7.4.3.4 LAMEA Textiles Market by Country
7.4.3.5 LAMEA Automotive Market by Country
7.4.3.6 LAMEA Others Market by Country
7.4.4 LAMEA Recycled Plastics Market by Country
7.4.4.1 Brazil Recycled Plastics Market
7.4.4.1.1 Brazil Recycled Plastics Market by Product
7.4.4.1.2 Brazil Recycled Plastics Market by Source
7.4.4.1.3 Brazil Recycled Plastics Market by Application
7.4.4.2 Argentina Recycled Plastics Market
7.4.4.2.1 Argentina Recycled Plastics Market by Product
7.4.4.2.2 Argentina Recycled Plastics Market by Source
7.4.4.2.3 Argentina Recycled Plastics Market by Application
7.4.4.3 UAE Recycled Plastics Market
7.4.4.3.1 UAE Recycled Plastics Market by Product
7.4.4.3.2 UAE Recycled Plastics Market by Source
7.4.4.3.3 UAE Recycled Plastics Market by Application
7.4.4.4 Saudi Arabia Recycled Plastics Market
7.4.4.4.1 Saudi Arabia Recycled Plastics Market by Product
7.4.4.4.2 Saudi Arabia Recycled Plastics Market by Source
7.4.4.4.3 Saudi Arabia Recycled Plastics Market by Application
7.4.4.5 South Africa Recycled Plastics Market
7.4.4.5.1 South Africa Recycled Plastics Market by Product
7.4.4.5.2 South Africa Recycled Plastics Market by Source
7.4.4.5.3 South Africa Recycled Plastics Market by Application
7.4.4.6 Nigeria Recycled Plastics Market
7.4.4.6.1 Nigeria Recycled Plastics Market by Product
7.4.4.6.2 Nigeria Recycled Plastics Market by Source
7.4.4.6.3 Nigeria Recycled Plastics Market by Application
7.4.4.7 Rest of LAMEA Recycled Plastics Market
7.4.4.7.1 Rest of LAMEA Recycled Plastics Market by Product
7.4.4.7.2 Rest of LAMEA Recycled Plastics Market by Source
7.4.4.7.3 Rest of LAMEA Recycled Plastics Market by Application
Chapter 8. Company Profiles
8.1 Remondis SE & Co. KG (Rethmann Se & Co. Kg)
8.1.1 Company Overview
8.1.2 SWOT Analysis
8.2 Stericycle, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Product Launches and Product Expansions:
8.2.5 SWOT Analysis
8.3 Veolia Environnement S.A.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.6 SWOT Analysis
8.4 Shell plc
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 SWOT Analysis
8.5 Clean Harbors, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 SWOT Analysis
8.6 Covestro AG
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 SWOT Analysis
8.7 Cabka Group GmbH
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 SWOT Analysis
8.8 Indorama Ventures Public Company Limited (Indorama Resources Ltd.)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 SWOT Analysis
8.9 Plastipak Holdings, Inc.
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.9.3 SWOT Analysis
8.10. Biffa plc
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:
8.10.3 SWOT Analysis
Chapter 9. Winning imperatives of Recycled Plastics Market

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