Global Industrial Plastic Waste Recycling Market Growth 2025-2031

Global Industrial Plastic Waste Recycling Market Growth 2025-2031

The global Industrial Plastic Waste Recycling market size is predicted to grow from US$ 16890 million in 2025 to US$ 23990 million in 2031; it is expected to grow at a CAGR of 6.0% from 2025 to 2031.

Industrial plastic waste recycling refers to the process of recovering plastic materials generated from industrial processes, manufacturing, and post-consumer waste and converting them into reusable materials. This process involves collecting, sorting, cleaning, and reprocessing plastic waste to create new raw materials that can be used in various applications. Industrial plastic recycling covers a broad range of plastic types, including PET (Polyethylene Terephthalate), PP (Polypropylene), HDPE (High-Density Polyethylene), LDPE (Low-Density Polyethylene), nylon, PS (Polystyrene), PC (Polycarbonate), and ABS (Acrylonitrile Butadiene Styrene). The recycled plastics are reintroduced into manufacturing chains to produce new products, reducing the demand for virgin plastics and decreasing the environmental footprint of industrial operations. Key players in this sector include companies such as Indorama Ventures (Custom Polymers PET), B&B Plastics, MBA Polymers, and Veolia, among others.

Market Trends and Growth Drivers in Industrial Plastic Waste Recycling: The industrial plastic waste recycling market has seen rapid growth, fueled by increasing awareness of environmental sustainability and the global push to reduce plastic pollution. With rising concerns over the negative impacts of plastic waste on ecosystems, governments and industries are taking steps to enhance recycling rates. Regulatory measures, such as plastic waste bans, landfill restrictions, and extended producer responsibility (EPR) initiatives, are driving the adoption of plastic recycling in industrial sectors. Companies are investing in advanced recycling technologies, such as chemical recycling and mechanical recycling, to increase efficiency and improve the quality of recycled materials. Additionally, the growing demand for sustainable packaging, green manufacturing practices, and circular economy principles has prompted industries like packaging, automotive, and construction to seek out industrial plastic waste recycling solutions. The use of recycled plastic is particularly increasing in products where sustainability is a priority, such as eco-friendly packaging and recycled plastic components in automotive parts.

Geographical Distribution and Key Players in Industrial Plastic Waste Recycling: The industrial plastic waste recycling market is highly fragmented, with companies spread across various regions. In North America and Europe, large players such as Veolia, MBA Polymers, and Ultra-Poly dominate the market, offering sophisticated recycling solutions and technologies. In Asia, China is a significant contributor to plastic waste recycling, with companies like Shandong Pengzhou Plastic Industry Co., Ltd., Kingfa, and INTCO leading the charge in processing large volumes of industrial plastic waste. These companies are focused on recycling a wide array of plastic types, including PET, PP, HDPE, and LDPE. Despite the global efforts to enhance plastic waste recycling, market concentration remains low, with key players like Indorama Ventures and Avangard Innovative holding relatively small market shares. The industry is expected to continue expanding as demand for sustainable materials rises, and as companies invest in innovative recycling methods to meet the growing need for recycled plastics in various industries. With evolving technologies and stronger environmental policies, the industrial plastic waste recycling sector is poised for sustained growth in the coming years.

LP Information, Inc. (LPI) ' newest research report, the “Industrial Plastic Waste Recycling Industry Forecast” looks at past sales and reviews total world Industrial Plastic Waste Recycling sales in 2024, providing a comprehensive analysis by region and market sector of projected Industrial Plastic Waste Recycling sales for 2025 through 2031. With Industrial Plastic Waste Recycling sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Plastic Waste Recycling industry.

This Insight Report provides a comprehensive analysis of the global Industrial Plastic Waste Recycling landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial Plastic Waste Recycling portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Industrial Plastic Waste Recycling market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Plastic Waste Recycling and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial Plastic Waste Recycling.

This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Plastic Waste Recycling market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
PET
PP
HDPE
LDPE
Nylon
PS
PC
ABS
Other

Segmentation by Application:
Package
Automotive
Construction
Textile
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Indorama Ventures (Custom Polymers PET)
B&B Plastics
B. schoenberg
Arrotin Plastic
RJM International
Ultra-Poly
Avangard Innovative
United Plastic Recycling
Norwich Plastics
MBA Polymers
SUEZ
Veolia
Shandong Pengzhou Plastic Industry Co., Ltd.
Shanghai Ruimo Environmental Protection New Materials
Shanghai Tianqiang Environmental Protection Technology
Kingfa
INTCO

Key Questions Addressed in this Report

What is the 10-year outlook for the global Industrial Plastic Waste Recycling market?

What factors are driving Industrial Plastic Waste Recycling market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Industrial Plastic Waste Recycling market opportunities vary by end market size?

How does Industrial Plastic Waste Recycling break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.