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Recycled Plastics Market to Reach US$ 57.71 Bn by 2030, Growing at 8.9% CAGR

12-20-2024 06:08 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Recycled Plastics Market

Recycled Plastics Market

๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ž๐ ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ, ๐“๐ซ๐ž๐ง๐๐ฌ, ๐š๐ง๐ ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ

The global recycled plastics market is witnessing robust growth, driven by increasing environmental awareness and government regulations to reduce plastic waste. The market, valued at US$ 31.77 Bn. in 2023, is projected to grow at a CAGR of 8.9%, reaching US$ 57.71 Bn.by 2030. This press release explores the market dynamics, regional developments, and recent advancements in countries like Vietnam, Thailand, Japan, South Korea, Singapore, the US, and Europe.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐๐š๐ญ๐š ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž @https://www.maximizemarketresearch.com/request-sample/10814/

๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ž๐ ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ:

Vietnam is emerging as a key player in the recycled plastics market, thanks to its expanding manufacturing sector and government initiatives to combat plastic pollution. Companies like ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐  ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ and ๐‡๐จ๐š ๐’๐ž๐ง ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ have invested in advanced recycling facilities to meet domestic and export demands. Recent collaborations with global giants such as ๐•๐ž๐จ๐ฅ๐ข๐š highlight Vietnam's growing influence in the sustainable materials market.

๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ž๐ ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐:

Thailand's recycled plastics industry is experiencing significant growth, driven by its status as a regional hub for plastic waste recycling. Leading firms such as ๐’๐‚๐† ๐‚๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ๐ฌ and ๐ˆ๐ง๐๐จ๐ซ๐š๐ฆ๐š ๐•๐ž๐ง๐ญ๐ฎ๐ซ๐ž๐ฌ are scaling up operations with cutting-edge technologies. The government's "Plastic Waste Management Roadmap" aims to achieve a circular economy, further boosting the industry's growth.

๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ž๐ ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐‰๐š๐ฉ๐š๐ง:

Japan's focus on innovation and sustainability has positioned it as a leader in the recycled plastics market. Companies like ๐“๐ž๐ข๐ฃ๐ข๐ง ๐‹๐ข๐ฆ๐ข๐ญ๐ž๐ and ๐“๐จ๐ซ๐š๐ฒ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐ž๐ฌ are developing high-performance recycled plastics for automotive and electronics applications. Japan's stringent recycling regulations and consumer demand for eco-friendly products continue to drive advancements in this sector.

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ :https://www.maximizemarketresearch.com/request-sample/10814/

๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ž๐ ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š:

South Korea's recycled plastics market is undergoing consolidation as key players expand their capacities and portfolios. ๐‹๐† ๐‚๐ก๐ž๐ฆ recently acquired a significant stake in ๐ƒ๐š๐ž๐ฌ๐š๐ง ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐ , enhancing its capabilities in PET recycling. Government incentives for green technologies are also encouraging the development of innovative recycling methods.

๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ž๐ ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž:

Singapore is leveraging its strategic position as a global trade hub to become a leader in recycled plastics. Companies such as ๐’๐ž๐ฆ๐›๐œ๐จ๐ซ๐ฉ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐ž๐ฌ are integrating recycling processes with waste-to-energy plants to optimize resource utilization. Collaborative projects with academic institutions are fostering breakthroughs in plastic recycling technologies.

๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ž๐ ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ:

The United States remains a dominant player in the recycled plastics market, with strong demand in packaging, automotive, and construction sectors. Companies like ๐–๐š๐ฌ๐ญ๐ž ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ, ๐‘๐ž๐ฉ๐ฎ๐›๐ฅ๐ข๐œ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ, ๐š๐ง๐ ๐‚๐š๐ซ๐›๐จ๐ง๐‹๐ข๐ญ๐ž are driving advancements in recycling infrastructure. Recent mergers, such as ๐‚๐š๐ซ๐›๐จ๐ง๐‹๐ข๐ญ๐ž'๐ฌ acquisition by ๐€๐ฅ๐ญ๐ข๐ฎ๐ฆ ๐๐š๐œ๐ค๐š๐ ๐ข๐ง๐ , underline the industry's focus on scalability and efficiency.

๐”๐ง๐ฅ๐จ๐œ๐ค ๐œ๐ซ๐ข๐ญ๐ข๐œ๐š๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ž๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฏ๐ข๐š ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/10814/

๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ž๐ ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐š๐ง๐ ๐“๐ซ๐ž๐ง๐๐ฌ ๐„๐ฎ๐ซ๐จ๐ฉ๐ž:

Europe's recycled plastics market is thriving, driven by stringent environmental regulations and strong consumer demand for sustainable products. Industry leaders like ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐„๐ง๐ž๐ซ๐ ๐ฒ and ๐“๐จ๐ฆ๐ซ๐š ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ๐ฌ are investing heavily in advanced recycling technologies. The European Union's Circular Economy Action Plan continues to set benchmarks for recycling standards and innovation.

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐›๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ

Bottles
Films
Fibers
Foams
Others

๐›๐ฒ ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐“๐ฒ๐ฉ๐ž

Polyethylene Terephthalate (PET)
Polyethylene (PE)
Polyvinyl Chloride (PVC)
Polypropylene (PP)
Polystyrene (PS)
Others

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Packaging
Building & Construction
Textile
Automotive
Electrical & Electronics
Others

Over the course of the projected period, the packaging segment is anticipated to expand at a CAGR of 8.2%. There are a number of legal, social, economic, environmental, and technical barriers to using recycled materials in package production. A few examples are rising recycling costs, a lack of raw materials, the development of technology to separate different components, and an increase in lawsuits. One of the difficulties faced by operators who want to use secondary raw materials is uncertainty over their quality.

๐›๐ฒ ๐๐ซ๐จ๐œ๐ž๐ฌ๐ฌ

Mechanical
Chemical

๐›๐ฒ ๐“๐ฒ๐ฉ๐ž

Post-Consumer Recyclate
Industrial Recyclate

๐†๐ž๐ญ ๐š ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:https://www.maximizemarketresearch.com/market-report/global-recycled-plastics-market/10814/

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š
1. Clear Path Recycling
2. Plastipak
3. Republic Services
4. Stericycle
5. B. Schoenberg
6. Waste Connections
7. MBA Polymers

๐„๐ฎ๐ซ๐จ๐ฉ๐ž
8. Suez Environment
9. Jayplas
10. Biffa
11. Remondis
12. Plastic Recycling Amsterdam
13. Resiclo

๐€๐๐€๐‚
14. Indorama Ventures
15. Far Eastern New Century
16. Asia Plastic Recycling Holdings
17. Jeplan
18. KK Plastic Waste Management
19. Srichakra Polyplast

๐Œ๐ข๐๐๐ฅ๐ž ๐„๐š๐ฌ๐ญ ๐š๐ง๐ ๐€๐Ÿ๐ซ๐ข๐œ๐š
20. Saudi Investment Recycling
21. Tadweer Group
22. Renie
23. Kaltani
24. Pakam

๐’๐จ๐ฎ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š
25. Lar Plรกsticos

๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐ข๐ง ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ž๐ ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐•๐ข๐ž๐ญ๐ง๐š๐ฆ ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐  ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ launched a new facility for processing PET and HDPE plastics.
๐’๐‚๐† ๐‚๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ๐ฌ partnered with ๐ƒ๐จ๐ฐ ๐‚๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ to enhance plastic recycling capabilities in Thailand.
Japan's ๐“๐ž๐ข๐ฃ๐ข๐ง ๐‹๐ข๐ฆ๐ข๐ญ๐ž๐ introduced recycled plastics for lightweight automotive components.
๐‹๐† ๐‚๐ก๐ž๐ฆ acquired ๐ƒ๐š๐ž๐ฌ๐š๐ง ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐  to expand its portfolio in South Korea.

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

โ™ฆ Wedding Services Market https://www.maximizemarketresearch.com/market-report/wedding-services-market/229647/

โ™ฆ Tofu Market https://www.maximizemarketresearch.com/market-report/global-tofu-market/111769/

โ™ฆ Global Portland Cement Market https://www.maximizemarketresearch.com/market-report/global-portland-cement-market/54816/

โ™ฆ Floriculture Market https://www.maximizemarketresearch.com/market-report/global-floriculture-market/23982/

โ™ฆ Ayurvedic Market https://www.maximizemarketresearch.com/market-report/global-ayurvedic-market/23882/

โ™ฆ NoSQL Database Market https://www.maximizemarketresearch.com/market-report/global-nosql-database-market/97851/

โ™ฆ Global Recruitment Process Outsourcing (RPO) Market https://www.maximizemarketresearch.com/market-report/global-recruitment-process-outsourcing-rpo-market/51657/

โ™ฆ Global Washing Machine Market https://www.maximizemarketresearch.com/market-report/washing-machine-market/14800/

โ™ฆ Orthodontic Market https://www.maximizemarketresearch.com/market-report/orthodontic-market/186269/

โ™ฆ Fruit Fillings Market https://www.maximizemarketresearch.com/market-report/fruit-fillings-market/198740/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

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๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

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11-18-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Lab Grown Diamonds Market to Reach USD 57.95 Billion by 2032, Growing at 9.4% CA โ€ฆ
According to a new report by Maximize Market Research, the global Lab Grown Diamonds Market was valued at USD 28.24 Billion in 2024 and is projected to reach USD 57.95 Billion by 2032, growing at a CAGR of 9.4%. The market expansion is fueled by increasing consumer preference for sustainable, affordable alternatives to natural diamonds and technological innovations in manufacturing. โ–บ Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/193972/ โ™ฆ Key HighlightsaMarket Size: Market Size:โ€ฆ
Water Quality Sensor Market to Reach USD 11.29 Billion by 2032, Growing at a 4% CAGR
11-18-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Water Quality Sensor Market to Reach USD 11.29 Billion by 2032, Growing at a 4% โ€ฆ
According to a new report by Maximize Market Research, the global Water Quality Sensor Market was valued at USD 6.1 Billion in 2024 and is projected to reach USD 11.29 Billion by 2032, growing at a CAGR of 4% during 2025-2032. The market growth is driven by the increasing adoption of smart water monitoring systems, stringent environmental regulations, and demand for real-time water quality assessment across industrial, residential, and governmentalโ€ฆ
E-House Market to Reach USD 3.05 Billion by 2032, Growing at a CAGR of 7.03% | E-House Market Forecast
11-18-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
E-House Market to Reach USD 3.05 Billion by 2032, Growing at a CAGR of 7.03% | E โ€ฆ
According to a new report by Maximize Market Research, the global E-House Market was valued at USD 1.77 Billion in 2024 and is projected to reach USD 3.05 Billion by 2032, growing at a CAGR of 7.03%. The market growth is driven by the increasing adoption of pre-assembled, modular electrical houses across industrial, renewable energy, and utility sectors worldwide. โ–บ Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/28068/ โ™ฆ Key HighlightsaMarket Size: Market Size: USDโ€ฆ
Global Wind Turbine Inspection Services Market to Reach USD 86.22 Billion by 2032, Growing at 11.7% CAGR
11-18-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Global Wind Turbine Inspection Services Market to Reach USD 86.22 Billion by 203 โ€ฆ
According to a new report by Maximize Market Research, the global Wind Turbine Inspection Services Market was valued at USD 35.58 billion in 2024 and is projected to reach USD 86.22 billion by 2032, growing at a CAGR of 11.7%. The market growth is fueled by increasing wind power capacity installations worldwide and the adoption of advanced inspection technologies, including drones, AI, and robotics. โ–บ Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/77606/ โ™ฆโ€ฆ

All 5 Releases


More Releases for Plastic

08-15-2024 | Leisure, Entertainment, Miscel โ€ฆ
yes or no Redaktion
Plastic bottles at events - Better party with plastic
Partying, dancing, camping - festivals attract hundreds of thousands of visitors every year in Germany alone. One challenge: supply and safety. For this reason, drinks in glass bottles are banned at most events due to the risk of injury. Lightweight and unbreakable plastic bottles, on the other hand, are considered a safe and practical alternative. Not only that: they can even be used to make a musical instrument. Festivals or pageantsโ€ฆ
04-19-2024 | Industry, Real Estate & Constr โ€ฆ
ABNewswire
Plastic Pallet With Plastic Crate Use: Efficient Material Handling
When it comes to efficient moving and storage of goods, a combination of plastic pallets [https://www.agriculture-solution.com/plastic-pallet/]and plastic crates is a popular choice. They are widely used in various industries such as manufacturing, retail, agriculture, etc. for storage and transportation of goods. Plastic pallets are designed to provide a stable base for stacking and shipping goods, while plastic crates provide safe and protective containers for stored or transported items. Plastic palletsโ€ฆ
02-01-2023 | Advertising, Media Consulting, โ€ฆ
HTF Market Intelligence Consulting Pvt. Ltd.
Plastic Granules Market to Witness Massive Growth by Balaji Plastic, Navkar Indu โ€ฆ
The Worldwide Plastic Granules Market has witnessed continuous growth in the past few years and is projected to grow at a good pace during the forecast period of 2023-2029. The exploration provides a 360ยฐ view and insights, highlighting major outcomes of Worldwide Plastic Granules industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improve profitability. Additionally, the study helps venture or emergingโ€ฆ
02-13-2019 | Industry, Real Estate & Constr โ€ฆ
Up Market Research (UMR)
Insights on the Growth of Plastic Granules Market 2018 to 2025 | Profiling Key C โ€ฆ
UpMarketResearch offers a Latest report on โ€œPlastic Granules Market Analysis & Forecast 2018-2025โ€ delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 114 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Request Sample Copy of This Report@ https://www.upmarketresearch.com/home/requested_sample/49052 Plastic Granules research report delivers a close watch on leading competitors with strategicโ€ฆ
01-17-2019 | Advertising, Media Consulting, โ€ฆ
HTF Market Intelligence Consulting Pvt. Ltd.
Agriculture Film Market SWOT Analysis of Leading Key Players Shandong Tianhe Pla โ€ฆ
HTF MI recently introduced Global Agriculture Film Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are British Polythene Industries (BPI), Trioplast, Berry Plastics, Armando Alvarez, Polypak, Barbierโ€ฆ
08-14-2018 | Business, Economy, Finances, B โ€ฆ
Research Beam
Building Materials Market 218 : Hepworth, National Plastic Industry, Hira Indust โ€ฆ
Building materials in this report covered the PVC pipes and fittings, PPR pipes and fittings, PE pipes and fittings, fabrication, ducts systems for infrastructure, valves and pumps and electrical conduits PVC systems. At present, Hepworth, National Plastic Industry, Hira Industries, Florance Plastic Industries, Polyfab Plastic Industry, MPI, Union Pipes Industry, ANABEEB, Borouge and ACO Group are the UAE leading suppliers of the building materials, and top ten of them shared aboutโ€ฆ