Global Recycled Plastic Market

Recycled Plastic Market Size, Share, Growth Analysis, By Type(Polyethylene Terephthalate (PET), Polyethylene (PE), Polyvinyl Chloride (PVC), Polypropylene (PP)), By Application(Food Packaging, Construction, Automotive, Electrical & Electronics), By Region - Industry Forecast 2024-2031

Report ID: SQMG15G2010 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 68 | Figures: 75

Recycled Plastic Market News

  • In December 2021, Veolia finalised its acquisition of SUEZ, making it the world champion of environmental transformation.
  • In July 2021, Jayplas and the Co-op Supermarket Chain partnered to launch Europe's most extensive in-store recycling programme for plastic bags and product packaging.
  • In June 2021, Indorama Ventures Public Ltd. purchased CarbonLite Holdings' Texas facility as part of the company's commitment to expanding PET recycling capacity.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Recycled Plastic Market size was valued at USD 43.66 billion in 2022 and is poised to grow from USD 47.01 billion in 2023 to USD 69.2 billion by 2031, growing at a CAGR of 4.9% in the forecast period (2024-2031).

The global recycled plastic business is highly concentrated, with many large-scale vendors dominating the majority of the recycled plastic market. The majority of companies are involved in mergers and acquisitions so as to gain a competitive advantage and reach across various geographies of the world. 'Veolia Environnement S.A.', 'Borealis AG', 'SUEZ S.A.', 'Dow Chemical Company', 'Republic Services Inc.', 'Waste Management Inc.', 'Clean Harbors Inc.', 'Ultra-Poly Corporation', 'KW Plastics', 'Plastipak Holdings Inc.', 'Envision Plastics', 'Berry Global Inc.', 'Eco-Products Inc.', 'CarbonLITE Industries LLC', 'MBA Polymers Inc.', 'GreenLine Polymers', 'Nestlé S.A.', 'PepsiCo Inc.', 'Coca-Cola Company', 'Unilever NV'

Plastics are versatile, lightweight, and inexpensive materials that may be moulded into a wide range of goods. As a result, over the previous few decades, the output of plastics has expanded dramatically. However, its current use has resulted in a massive amount of trash, causing environmental issues. The landfill is the traditional method of trash disposal, however landfill space is becoming increasingly rare in many nations. Although this method has little environmental consequences, it does provide a long-term risk of soil and groundwater pollution, therefore damaging the environment.

The largest and fastest-growing source of recovered plastics is bottles. Because they have a stronger collecting and sorting network, they are the most recycled post-consumer plastics. Furthermore, PET resin is used in the majority of bottles, which is the most recycled resin with the highest recycling rate. Many developing countries are entering the recycling market, and because bottles are readily available, they will rely on them as a supply of recovered plastics.

In 2021, Asia Pacific dominated the recycled plastic market, accounting for approximately 47% of worldwide sales. Due to the growing need for non-residential construction projects such as hospitals, schools and colleges, the Asia Pacific construction industry is expected to increase significantly. This will boost demand for roofing tiles, insulation, fences, floor tiles, carpets, and a variety of other building materials. After Asia Pacific, Europe comes in second in terms of revenue. Embracing a circular economy to reduce the carbon footprint associated with traditional plastic manufacturing is leading the market.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Commodity Plastics Market
Buy Now GET FREE SAMPLE
Plastic Market
Buy Now GET FREE SAMPLE
Biodegradable Plastic Market
Buy Now GET FREE SAMPLE
Plastic Waste Management Market
Buy Now GET FREE SAMPLE
Metal Recycling Market
Buy Now GET FREE SAMPLE
Recycled Glass Market
Buy Now GET FREE SAMPLE
Plastic Packaging Market
Buy Now GET FREE SAMPLE
Engineering Plastics Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Recycled Plastic Market

Report ID: SQMG15G2010

$5,300
BUY NOW GET FREE SAMPLE