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Europe Recycled Plastics Market Size, Share, Growth & Report 2025-2033

04-24-2025 09:13 AM CET | Chemicals & Materials

Press release from: IMARC Group

Europe Recycled Plastics Market Size, Share, Growth & Report

Market Overview 2025-2033

The Europe recycled plastics market size reached 13.3 Million Tons in 2024. Looking forward, IMARC Group expects the market to reach 19.6 Million Tons by 2033, exhibiting a growth rate (CAGR) of 4.4% during 2025-2033. The market is growing due to increasing environmental awareness, strict government regulations, and rising demand for sustainable materials. Technological advancements, corporate sustainability initiatives, and recycling innovations are key factors driving industry expansion.

Key Market Highlights:

✔️ Strong market growth driven by increasing environmental awareness and sustainability initiatives
✔️ Rising demand for recycled plastics in packaging, automotive, and construction industries
✔️ Expanding government regulations promoting circular economy and waste management solutions

Request for a sample copy of the report: https://www.imarcgroup.com/europe-recycled-plastics-market/requestsample

Europe Recycled Plastics Market Trends and Drivers:

The European recycled plastics market is evolving fast, thanks to stricter environmental regulations and growing public awareness. The EU is pushing hard to reduce plastic waste, with policies like the Single-Use Plastics Directive and the Circular Economy Action Plan. These require member countries to recycle at least 55% of plastic packaging by 2030, and include shorter-term goals too-like having 30% recycled content in beverage bottles by 2025. That's putting pressure on manufacturers to switch to recycled materials, especially in industries like packaging, automotive, and construction.

Big brands are already taking steps. Coca-Cola Europe and Danone, for example, are working toward using 50% recycled PET (rPET) in their bottles by 2025-and some companies have already hit 35% as of 2024. But the path isn't smooth. Some regions, especially in Eastern Europe, still struggle with consistent recycling systems. Plus, the cost of high-quality, food-grade recycled plastic remains high. To fix this, governments are backing investments in better sorting tech and new chemical recycling facilities, which could help bridge the supply gap by 2026 Consumers across Europe are also playing a role. Environmental awareness is growing, and it's shifting buying habits.

According to a 2023 Eurobarometer survey, 74% of EU citizens prefer products with recycled or eco-friendly packaging. This push from shoppers has led retailers like H&M, IKEA, and Unilever to commit to 100% recyclable or recycled packaging by 2030. The rising demand has driven up prices too-rPET and rHDPE saw increases of 22% and 18%, respectively, between 2023 and 2024. For the first time ever, recycled plastics actually became more expensive than virgin plastics. That hasn't stopped industries from adapting. The fashion sector, which produces over 2 million tons of plastic waste in Europe each year, is embracing change. Adidas, for instance, now sources 60% of its polyester from recycled materials.

Still, there's concern over greenwashing-when companies exaggerate or fake their environmental claims. To stay credible, many are getting certified by groups like EuCertPlast and using blockchain tech to trace and verify recycled content. Meanwhile, recycling technologies are making big leaps forward. Mechanical recycling is common, but it struggles with mixed or contaminated plastics, leading to a 40% yield loss in 2024. That's where chemical recycling comes in. Methods like pyrolysis and depolymerization are gaining traction. A good example is Eastman's facility in France, which began turning textile waste into high-quality PET in 2024. AI is also making a difference-systems from ZenRobotics now sort complex plastic waste with 99% accuracy, allowing even multilayer plastics to be reused safely in food and medical products.

Public funding is helping too. The EU's €1.2 billion Innovation Fund is backing new ideas, including 15 startups in plastic recycling that got grants in 2024. These kinds of advances are especially important for carmakers like BMW and Volvo, who plan to boost recycled plastic use in vehicle interiors to 25% by 2026, up from 12% in 2024. Overall, the European recycled plastics market is projected to grow at a healthy 8.9% annually through 2030. That momentum is fueled by tighter regulations, tech innovations, and consumer demand. A major change in 2024 was the EU-wide rollout of Extended Producer Responsibility (EPR) programs, which set fees based on how recyclable a product is. These policies helped increase recycled plastic production by 19%, reaching 6.8 million metric tons-enough to meet 21% of the region's needs.

There are still some hurdles ahead. Volatile oil prices can make virgin plastic cheaper at times, which puts pressure on recycled alternatives. And there's a workforce challenge too-Europe will need about 120,000 new skilled workers in recycling by 2030. Initiatives like Germany's "RecycleTech," launched in 2024, aim to fill this talent gap through training and collaboration. Looking forward, policies like the Carbon Border Adjustment Mechanism (CBAM), set to take effect in 2026, will impose a tax on virgin plastics from non-EU countries. By 2027, this is expected to make local recycled plastic about 14% more cost-effective. Meanwhile, industry groups like the Polyolefin Circular Economy Platform (PCEP) are making strides in closed-loop recycling. In 2024 alone, PCEP members recycled 1.3 million tons of polyolefins-a 37% increase from just two years earlier.

Checkout Now: https://www.imarcgroup.com/checkout?id=1458&method=1040

Europe Recycled Plastics Market Segmentation:

The report segments the market based on product type, distribution channel, and region:

Study Period:
Base Year: 2024
Historical Year: 2019-2024
Forecast Year: 2025-2033

Breakup by Source:

• Plastic Bottles
• Plastic Films
• Rigid Plastics and Foams
• Fibres
• Others

Breakup by Application:

• Packaging
• Electrical and Electronic
• Automotive
• Agriculture
• Construction and Demolition
• Household (Non-Packaging Use)
• Others

Breakup by Plastic Type:

• Polyethylene Terephthalate (PET)
• High Density Polyethylene (HDPE)
• Polypropylene (PP)
• Low Density Polyethylene (LDPE)
• Others

Breakup by Country:

• Germany
• UK
• Italy
• France
• Spain
• Others

Ask Analyst & Browse full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=1458&flag=C

Competitive Landscape:

The market research report offers an in-depth analysis of the competitive landscape, covering market structure, key player positioning, top winning strategies, a competitive dashboard, and a company evaluation quadrant. Additionally, detailed profiles of all major companies are included.

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145

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