Plastic Recycling - Global Strategic Business Report

The global market for Plastic Recycling was estimated at US$56.3 Billion in 2024 and is projected to reach US$86.7 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Plastic Recycling market.

Global Plastic Recycling Market - Key Drivers and Trends Summarized

Plastic recycling is a critical component of the global effort to reduce plastic waste and mitigate environmental impact. This process involves collecting, sorting, and reprocessing used plastic materials into new products, thereby conserving resources and reducing landfill waste. Plastic recycling encompasses various methods, including mechanical recycling, chemical recycling, and energy recovery. Mechanical recycling involves physically processing plastics into new forms, while chemical recycling breaks down plastics into their chemical components for reuse. Energy recovery converts plastic waste into energy through combustion. These methods contribute to a circular economy by extending the life cycle of plastic materials and reducing the need for virgin plastic production.

Technological advancements have significantly improved the efficiency and effectiveness of plastic recycling. Innovations in sorting and processing technologies, such as advanced optical sorting, automated separation, and chemical depolymerization, have enhanced the quality and yield of recycled plastics. The development of biodegradable and bio-based plastics is also addressing the limitations of traditional plastic recycling, offering more sustainable alternatives. Additionally, the integration of digital technologies, such as blockchain and IoT, is improving traceability and transparency in the recycling supply chain. These advancements are not only increasing the recycling rate but also ensuring the production of high-quality recycled plastics suitable for various applications, from packaging to automotive parts.

The growth in the plastic recycling market is driven by several factors. The increasing awareness of environmental issues and the need to reduce plastic pollution are major drivers, encouraging both consumers and industries to adopt recycling practices. Regulatory mandates and government initiatives promoting recycling and the use of recycled materials are also boosting market growth. Technological advancements in recycling processes and the development of advanced recycling technologies are enhancing the efficiency and quality of plastic recycling, driving adoption. The growing demand for sustainable packaging solutions in various industries, including food and beverage, personal care, and consumer goods, is further propelling market growth. Additionally, the rise of the circular economy concept and the increasing focus on resource conservation are encouraging the use of recycled plastics. The expansion of the recycling infrastructure and the increasing investment in recycling facilities are also contributing to market growth. Finally, the collaboration between stakeholders, including governments, industries, and environmental organizations, is fostering innovation and promoting the adoption of plastic recycling, creating new opportunities in the market.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the PET segment, which is expected to reach US$23.8 Billion by 2030 with a CAGR of a 7.9%. The HDPE segment is also set to grow at 7.1% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $5.0 Billion in 2024, and China, forecasted to grow at an impressive 8.2% CAGR to reach $33.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Plastic Recycling Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Plastic Recycling Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Plastic Recycling Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Advanced Drainage Systems, Inc., B & B Plastics Recycling, Inc., B. Schoenberg & Co., Inc., Custom Polymers, Inc., Envision Plastics and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 130 companies featured in this Plastic Recycling market report include:

• Advanced Drainage Systems, Inc.
• B & B Plastics Recycling, Inc.
• B. Schoenberg & Co., Inc.
• Custom Polymers, Inc.
• Envision Plastics
• Green-O-Tech India
• Jayplas
• Kuusakoski Oy
• KW Plastics
• MBA Polymers, Inc.
• NAM Polymers Inc.
• Norwich Plastics
• PARC Corporation
• Plastic Recycling Inc.
• Plastipak Holdings, Inc.
• Seraphim Plastics LLC
• Ultra Poly Corporation
• Veolia Environnement S.A.

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.