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Plastic Recycling Market Key Players Analysis - Kuusakoski, Berry Global Inc., B&B Plastic Inc., Plastipak Holdings, Inc., WM Recycle America.

04-22-2025 11:14 AM CET | Chemicals & Materials

Press release from: Insightace Analytic Pvt Ltd.

Plastic Recycling Market

Plastic Recycling Market

Global Plastic Recycling Market Size is valued at USD 46.8 Billion in 2024 and is predicted to reach USD 101.6 Billion by the year 2034 at a 8.1% CAGR during the forecast period for 2025-2034.

Global Plastic Recycling Market 2025-2034 full Research Repot latest version is now available.

Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/1621

Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global plastic recycling market are:
• Increasing the Disposal of Plastic
• Growing Use of Plastics
• Technological Development

The following are the primary obstacles to plastic recycling market's expansion:
• Substantial Startup and Ongoing Expenses
• Insufficient consistent guidelines
• Restricted access to recycling technology

Future expansion opportunities for the global plastic recycling market include:
• Growing research and development
• Some countries are implementing favorable legislation
• Expanding financial resources

Key Industry Insights & Findings from the report:
• Raising consumer attention and understanding of the positive effects of recycling plastic.
• The expansion of the industry is significantly influenced by federal laws and initiatives that support the recycling and management of plastic trash.
• North America dominated the market and accounted for a revenue share of global revenue in 2023.
• Inadequate infrastructure and recycling services hinder the market expansion.

Market Analysis:
Plastic recycling involves the process of converting waste or discarded plastics into valuable and functional products. The plastic recycling industry has witnessed substantial growth due to increasing global concerns over plastic waste and the rising demand for environmentally sustainable solutions. Factors such as government initiatives, stricter regulations, heightened consumer awareness, and the growing adoption of renewable energy practices are expected to further drive the continued expansion of the market.

List of Prominent Players in the Plastic Recycling Market:
• B&B Plastics Inc.
• Berry Global Inc.
• CarbonLite Industries LLC
• Custom Polymers Inc.
• Dart Container Corporation
• Envision Plastics
• Fresh-Pak Corporation
• Green-O-Tech India
• Jayplas
• Joe's Plastics Inc.
• Kuusakoski Group Oy
• KW Plastics Inc.
• MBA Polymers Inc.
• Montello S.p. A.
• MTM Plastics GmbH
• Novolex
• Plasgran Ltd.
• Plastic Recycling Inc.
• Plastipak Holdings, Inc.
• Recycled Plastics UK
• RJM International Inc.
• Seraphim Plastics
• Shakti Plastics Industries
• Teijin Limited
• Ultra Poly Corporation
• UltrePET
• Veolia
• Wellpine Plastic Industrial Co., Ltd.
• WM Recycle America, LLC

Expert Knowledge, Just a Click Away: https://calendly.com/insightaceanalytic/30min?month=2025-03

Recent Developments:
• In Novemnber 2024, Novolex and Pactiv Evergreen Inc. confirmed that they had reached an official agreement to merge, forming a major producer of specialized packaging, nourishment, and drinks materials.
• In December 2024, Teijin Frontier Co., Ltd. declared that it has created a contemporary, comfortable material that combines the ability to cool touch with the ability to avoid perspiration adhesion. The unique substance has a knit construction with two layers. Teijin Frontier's recently created hydrophilic WAVERON fiber and traditional aqueous WAVERON material mix at the interior level.
• In January 2025, Leadec and Jayplas partnered on an innovative initiative that aims to create a fully closed-circuit process by recycling and reusing waste plastic packaging. Jayplas gathered recyclable LDPE material from the company's Halewood activities to create plastic bags with entirely renewable content for internal use at Leadec's Halewood activities. This film was then recycled and made in Jayplas UK facilities.

Market Dynamics
Market Drivers: Increasing Plastic Waste Disposal
The growing volume of plastic waste is driving the demand for plastic recycling. Disposed plastic waste is considered a significant environmental concern, affecting both human health and the global ecosystem. Recycling plastic helps reduce the amount of waste that ends up in landfills and incineration facilities by repurposing discarded plastic into new products. As a result, the increasing volume of plastic waste is contributing to the expansion of the plastic recycling market.

Challenges: High Initial and Ongoing Costs
A major challenge facing the plastic recycling industry is the significant investment required for recycling technology and processes. The high costs associated with the development and implementation of modern recycling systems pose barriers to adoption, particularly for small and medium-sized businesses. Additionally, market growth may be hindered by fluctuations in the pricing of virgin plastics and the economic viability of recycling operations. The lack of consistent regulations across regions also presents challenges for the industry.

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North America Is Expected to Grow with The Highest CAGR During the Forecast Period
The North American plastic recycling market is expected to capture a substantial revenue share and experience rapid growth in the near future. This growth can be attributed to stringent regulations and the robust recycling infrastructure in place across the region. The United States is focusing on increasing recycling rates and reducing landfill waste through various initiatives and legislative measures. Additionally, growing consumer awareness of the environmental impact of plastic waste, coupled with the rising demand for eco-friendly products, is driving market expansion. The advancement of recycling technologies and the presence of key market players further contribute to the growth of the plastic recycling industry in North America.

Segmentation of Plastic Recycling Market-
By Material-
• PET
• PP
• HDPE
• LDPE
• PS
• PVC
• Others
By Application-
• Packaging
• Automotive
• Construction
• Textiles
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/plastic-recycling-market/1621

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com

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