Plastic Recycling Market Demand, Drivers and Opportunities 2024-30

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.

Business Feb 14, 2025 6 Add to Reading List

Plastic Recycling Market Demand, Drivers and Opportunities 2024-30

Global Plastic Recycling Market Analysis

MarkNtel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the Global Plastic Recycling market. The research report on the Plastic Recycling Market 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. 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 report further comprises, “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.

In case you missed it, we are currently revising our reports. Click on the "request sample report" button to get the latest research data with forecast for the 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.

Global Plastic Recycling Market Challenge:

Lack of Investment to Hinder the Market Expansion – Insufficient investment in plastic recycling infrastructure & technologies represents a critical challenge for the industry, impacting its growth & innovation. Despite the increasing global awareness of the environmental consequences of plastic waste, the allocation of capital to support recycling efforts has not kept pace with the burgeoning demand. This lack of investment hindered the expansion of recycling facilities and the development of cutting-edge technologies necessary to enhance the efficiency & quality of plastic recycling. As a result, the industry faces limitations in its ability to process larger volumes of plastic waste and meet the growing demand for recycled materials.

Global Plastic Recycling Market Segment & Geography [2024-30]

The Plastic Recycling market is segmented into significant segments based on Geography.

-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

-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

Geographical Analysis

-By Region

North America
South America
Europe
Middle East & Africa
Asia-Pacific

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Top Companies Essentially Working in Plastic Recycling Market

Veolia
Suez
KW Plastic
Jayplas
Schoenberg & Co.
B&B Plastics
Green Line Polymers
Clear Path Recycling
Custom Polymers
Plastipak Holdings.
Others

Frequently Asked Questions (FAQs)-

What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
What are the trends influencing the current scenario of the market?
What leading factors would propel and impede the industry across the geography?
How has the industry been evolving in terms of geography & Plastic Recycling adoption?
How has the competition been shaping up across the geography?

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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