Global Recycled Plastics Market Growth 2025-2031

The global Recycled Plastics market size is predicted to grow from US$ 18620 million in 2025 to US$ 24190 million in 2031; it is expected to grow at a CAGR of 4.5% from 2025 to 2031.

Recycled plastics refer to plastic materials that have been reprocessed from post-consumer or post-industrial plastic waste, as opposed to using virgin plastic resins. These materials are derived from discarded plastic products such as bottles, packaging, sheets, and pellets, which are collected, sorted, cleaned, and melted down for reuse in new products. The recycling process helps convert plastic waste into valuable materials that can be reused in a variety of applications, reducing the need for virgin plastic production and minimizing the environmental impact of plastic waste. Different types of plastics, such as PET (Polyethylene Terephthalate), PP (Polypropylene), HDPE (High-Density Polyethylene), and LDPE (Low-Density Polyethylene), can be recycled, with each resin type suited for specific end-use products based on its properties.

Market Trends and Growth Drivers: The recycled plastics market has gained significant momentum in recent years due to growing environmental awareness, regulatory pressure, and the increasing adoption of sustainable practices by industries. The rising concern over plastic pollution and the global push to reduce reliance on single-use plastics are key drivers of demand for recycled plastic materials. Governments and organizations worldwide are implementing stricter recycling mandates and promoting circular economy models, which emphasize reducing waste and reusing materials. Additionally, consumer preferences are shifting toward eco-friendly products, prompting manufacturers to incorporate more recycled content into their goods. The packaging, automotive, and construction sectors are among the largest consumers of recycled plastics, with industries striving to meet sustainability goals by using recycled materials for packaging, parts, and building components. Furthermore, technological advancements in sorting, cleaning, and processing techniques have improved the quality and performance of recycled plastics, enhancing their appeal to manufacturers.

Geographical Distribution and Key Players: The global recycled plastics market is highly fragmented, with a large number of suppliers spread across different regions. As the largest production area for recycled plastics, countries in Asia, particularly China, house more than 3,000 companies involved in the recycling and production of plastic materials. In contrast, developed regions like Europe and North America exhibit higher market concentration, with a few key players dominating the industry. Leading companies such as Indorama Ventures, Far Eastern New Century Co., Veolia, and MBA Polymers hold a combined global market share of less than 5%, reflecting the market's fragmented nature. Europe and North America are also at the forefront of implementing policies and regulations that encourage plastic recycling and the use of recycled materials in manufacturing. As global demand for sustainable alternatives to virgin plastics continues to grow, the recycled plastics market is expected to expand, driven by government initiatives, industry collaborations, and the evolving consumer demand for eco-conscious products.

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

This Insight Report provides a comprehensive analysis of the global Recycled Plastics 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 Recycled Plastics portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Recycled Plastics market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Recycled Plastics 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 Recycled Plastics.

This report presents a comprehensive overview, market shares, and growth opportunities of Recycled Plastics market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
PET
PP
HDPE
LDPE
Others

Segmentation by Application:
Packaging
Construction
Textile Fiber / Clothing
Landscaping / Street Furniture
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
Far Eastern New Century Co., Ltd.
Veolia
MBA Polymers
Alpek (DAK Americas)
Plastipak Holdings
Greentech
KW Plastics
Vogt-Plastic
Biffa
Visy
Envision
Viridor
PreZero Polymers
Alpla
Global Pet
Valgroup
Unifi Manufacturing
Global Holdings and Development
GreenMind
Tepx
Placon Corporation
Suzhou Jiulong Recyling & Technology
Zhejiang Haili Environmental Technology
Cixi Xingke Chemical Fiber
Zhejiang Jiaren New Materials
Guangdong Qiusheng Resources
Fujian Baichuan Resources Recycling
Guolong Recyclable Resources Development
Kingfa
INTCO
China Recycling Development
Guangdong Rhino New Material Technology
Jiangxi Green Recycling
Xiamen LH Environment Protection Industry

Key Questions Addressed in this Report

What is the 10-year outlook for the global Recycled Plastics market?

What factors are driving Recycled Plastics market growth, globally and by region?

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

How do Recycled Plastics market opportunities vary by end market size?

How does Recycled Plastics break out by Type, by Application?

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