The Global Recycled Plastic Packaging Market was valued at USD 31.5 billion in 2024 and is estimated to grow at a CAGR of 11% to reach USD 89.7 billion by 2034.
The market continues to grow as regulatory frameworks tighten across major economies, pushing companies to incorporate recycled materials into their packaging portfolios. Governments are enforcing recycling targets and restricting non-recyclable plastics, prompting manufacturers to shift toward circular production models. Extended Producer Responsibility programs have also raised accountability, accelerating investment in recycling infrastructure, upgraded sorting systems, and improved collection networks. Corporate sustainability commitments are becoming a major force behind expansion as leading brands align their packaging strategies with ESG priorities to meet global sustainability benchmarks and strengthen consumer trust. This shift toward circularity is significantly increasing long-term demand for recycled resins. Additionally, advancements in waste management technologies and modernized sorting facilities are improving material recovery rates and enhancing feedstock quality, ensuring the consistent availability of recycled plastics for large-scale production. These developments are creating a more efficient supply chain that supports wider adoption of recycled plastics across multiple industries, positioning the market for strong growth in the coming decade.
The PET segment generated USD 11.3 billion in 2024 and is anticipated to grow at a 12.3% CAGR from 2025 to 2034. PET and HDPE continue to be the most widely used recycled plastics due to their durability, clarity, and compatibility with food, beverage, and personal care packaging. Investments in advanced recycling systems are improving recovery efficiency, allowing both PET and HDPE to be reused more frequently while maintaining performance standards.
The post-consumer rigid packaging category reached USD 13.5 billion in 2024, securing a 43% share. Growth in this segment is supported by improved recyclability across rigid and flexible formats. Bottles, jars, and other rigid items are being collected and reprocessed more effectively through enhanced mechanical recycling systems. At the same time, flexible packaging, which is traditionally more difficult to recycle, is seeing progress through chemical recycling innovation and increased use of mono-material designs, expanding the overall stream of recoverable materials.
North America Recycled Plastic Packaging Market generated USD 7.8 billion in 2024. Regional growth is supported by favorable regulations, ambitious corporate sustainability targets, and rising consumer preference for environmentally conscious packaging. Government directives promoting recycled content and circular economy investment are encouraging wider adoption in sectors such as food, beverages, and personal care. Additionally, the region benefits from resilient collection systems and rapid advancements in both chemical and mechanical recycling, ensuring a reliable supply of high-quality recycled resins.
Companies in the Global Recycled Plastic Packaging Market are strengthening their competitive position by expanding recycling capacity, improving resin quality, and investing in advanced processing technologies. Many are entering long-term partnerships with waste management providers to secure consistent feedstock and stabilize supply chains. Product innovation is a major focus, with firms developing packaging solutions that incorporate higher percentages of recycled content while meeting performance and regulatory requirements. Sustainability commitments are also driving significant investment in chemical recycling, allowing companies to convert hard-to-recycle plastics into high-grade materials.
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The market continues to grow as regulatory frameworks tighten across major economies, pushing companies to incorporate recycled materials into their packaging portfolios. Governments are enforcing recycling targets and restricting non-recyclable plastics, prompting manufacturers to shift toward circular production models. Extended Producer Responsibility programs have also raised accountability, accelerating investment in recycling infrastructure, upgraded sorting systems, and improved collection networks. Corporate sustainability commitments are becoming a major force behind expansion as leading brands align their packaging strategies with ESG priorities to meet global sustainability benchmarks and strengthen consumer trust. This shift toward circularity is significantly increasing long-term demand for recycled resins. Additionally, advancements in waste management technologies and modernized sorting facilities are improving material recovery rates and enhancing feedstock quality, ensuring the consistent availability of recycled plastics for large-scale production. These developments are creating a more efficient supply chain that supports wider adoption of recycled plastics across multiple industries, positioning the market for strong growth in the coming decade.
The PET segment generated USD 11.3 billion in 2024 and is anticipated to grow at a 12.3% CAGR from 2025 to 2034. PET and HDPE continue to be the most widely used recycled plastics due to their durability, clarity, and compatibility with food, beverage, and personal care packaging. Investments in advanced recycling systems are improving recovery efficiency, allowing both PET and HDPE to be reused more frequently while maintaining performance standards.
The post-consumer rigid packaging category reached USD 13.5 billion in 2024, securing a 43% share. Growth in this segment is supported by improved recyclability across rigid and flexible formats. Bottles, jars, and other rigid items are being collected and reprocessed more effectively through enhanced mechanical recycling systems. At the same time, flexible packaging, which is traditionally more difficult to recycle, is seeing progress through chemical recycling innovation and increased use of mono-material designs, expanding the overall stream of recoverable materials.
North America Recycled Plastic Packaging Market generated USD 7.8 billion in 2024. Regional growth is supported by favorable regulations, ambitious corporate sustainability targets, and rising consumer preference for environmentally conscious packaging. Government directives promoting recycled content and circular economy investment are encouraging wider adoption in sectors such as food, beverages, and personal care. Additionally, the region benefits from resilient collection systems and rapid advancements in both chemical and mechanical recycling, ensuring a reliable supply of high-quality recycled resins.
Companies in the Global Recycled Plastic Packaging Market are strengthening their competitive position by expanding recycling capacity, improving resin quality, and investing in advanced processing technologies. Many are entering long-term partnerships with waste management providers to secure consistent feedstock and stabilize supply chains. Product innovation is a major focus, with firms developing packaging solutions that incorporate higher percentages of recycled content while meeting performance and regulatory requirements. Sustainability commitments are also driving significant investment in chemical recycling, allowing companies to convert hard-to-recycle plastics into high-grade materials.
Comprehensive Market Analysis and Forecast
- Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
- Competitive landscape with Porter’s Five Forces and PESTEL analysis
- Market size, segmentation, and regional forecasts
- In-depth company profiles, business strategies, financial insights, and SWOT analysis
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Table of Contents
Chapter 1 Methodology
Chapter 2 Executive Summary
Chapter 3 Industry Insights
Chapter 4 Competitive Landscape, 2024
Chapter 5 Market Estimates and Forecast, by Plastic Type, 2021-2034 (USD Billion, Kilo Tons)
Chapter 6 Market Estimates and Forecast, by Source Material, 2021-2034 (USD Billion, Kilo Tons)
Chapter 7 Market Estimates and Forecast, by Recycling Process, 2021-2034 (USD Billion, Kilo Tons)
Chapter 8 Market Estimates and Forecast, by End Use Industry, 2021-2034 (USD Billion, Kilo Tons)
Chapter 9 Market Estimates and Forecast, by Region, 2021-2034 (USD Billion, Kilo Tons)
Chapter 10 Company Profiles
Companies Mentioned
The companies featured in this Recycled Plastic Packaging market report include:- AEP Industries Inc.
- Banyan Nation
- Berry Global Inc.
- Constantia Flexibles Group GmbH
- Coveris Holdings S.A.
- Crown Holdings, Inc.
- DS Smith Plc
- Graham Packaging Company, L.P.
- Huhtamaki Oyj
- Indorama Ventures
- Mondi Group
- Nampak Limited
- Novolex Holdings, Inc.
- Pactiv Evergreen Inc.
- Placon Corporation Inc.
- Plastipak Holdings, Inc.
- Royal Vaassen Flexible Packaging
- Schur Flexibles Group
- Sealed Air Corporation
- Smurfit Kappa Group
- Sonoco Products Company
- Tetra Pak International S.A.
- WestRock Company
- Winpak Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 210 |
| Published | November 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 31.5 Billion |
| Forecasted Market Value ( USD | $ 89.7 Billion |
| Compound Annual Growth Rate | 11.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
