openPR Logo
Press release

Plastic Recycling Market Lucrative USD 60.2Bn by 2031: Reduce Waste, Create New Products | Most Leading Companies - Plastipak industries Inc., CarbonLITE Industries, HUD Group, Plastima, Iavglobal Co., LTD

06-10-2025 02:29 PM CET | Chemicals & Materials

Press release from: DataM Intelligence 4 Market Research LLP

Plastic Recycling Market

Plastic Recycling Market

Global Plastic Recycling Market reached USD 28.3 billion in 2022 and is expected to reach USD 60.2 billion by 2031, growing with a CAGR of 8.9% during the forecast period 2024-2031

Plastic Recycling Market Report by DataM Intelligence delivers deep insights and analysis into the latest market trends, growth opportunities, and emerging challenges. Designed to help businesses make smarter, faster decisions, our reports combine both data-driven analysis and expert perspectives. At DataM Intelligence, we're committed to turning complex market landscapes into clear, actionable strategies so you can stay competitive, grow confidently, and seize the right opportunities in a rapidly changing world.

Unlock exclusive insights with our detailed sample report (Please enter your Corporate Email ID to get priority access): https://datamintelligence.com/download-sample/plastic-recycling-market?kb

Plastic recycling is the process of recovering waste and reprocessing the material into useful products, preventing it from ending up in landfills or polluting the environment. This process typically involves several stages: collection, sorting by type, cleaning, shredding, melting, and then forming into new products like pellets, fibers, or other useful materials. The goal is to reduce plastic pollution, conserve natural resources, and decrease energy consumption compared to producing new plastics from virgin materials.

List of the Key Players in the Plastic Recycling Market:

Plastipak industries Inc., CarbonLITE Industries, HUD Group, Plastima, Iavglobal Co., LTD., Nam Phong Industry, KW Plastics, Custom Polymers, MBA Polymers Inc. and Wellpine Plastic Industrial Co.,Ltd.

Industry Development:

In July 2023, NOVA Chemicals Corporation kicked off a major sustainability project, starting work on its first mechanical recycling plant in Connersville, Indiana. This new facility will turn post-consumer plastic films into SYNDIGO recycled polyethylene (rPE) on a commercial scale.

Also in July 2023, British Columbia took a big leap in addressing hard-to-recycle single-use plastics. They implemented the Single-Use and Plastic Waste Prevention regulation, targeting items like shopping bags, disposable food accessories, oxo-degradable plastics, and specific food service packaging made from polystyrene foam, PVC, PVDC, and compostable or biodegradable plastics.

Looking back to April 2023, Honeywell teamed up with Biotrend Energy to construct an advanced waste recycling plant in Turkey. This plant will use Honeywell's UOP UpCycle technology to convert mixed waste plastics into recycled polymer feedstock (RPF), pushing forward a circular economy for plastics.

Research Process:

Both primary and secondary data sources have been used in the global Plastic Recycling Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Make an Enquiry for purchasing this Report @ https://www.datamintelligence.com/enquiry/plastic-recycling-market?kb

Segment Covered in the Plastic Recycling Market:

By Material: Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), Polyethylene Terephthalate (PET)

By Application: Packaging, Automotive, Construction, Others

Regional Analysis for Plastic Recycling Market:

The regional analysis of the Plastic Recycling Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

Speak to Our Analyst and Get Customization in the report as per your requirements: https://datamintelligence.com/customize/plastic-recycling-market?kb

People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Plastic Recycling market?

➠ Who are the leading manufacturers in the global Plastic Recycling industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Plastic Recycling industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Plastic Recycling market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

Stay informed with the latest industry insights-start your subscription now: https://www.datamintelligence.com/reports-subscription?kb

Contact Us -

Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -

DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Plastic Recycling Market Lucrative USD 60.2Bn by 2031: Reduce Waste, Create New Products | Most Leading Companies - Plastipak industries Inc., CarbonLITE Industries, HUD Group, Plastima, Iavglobal Co., LTD here

News-ID: 4059796 • Views:

More Releases from DataM Intelligence 4 Market Research LLP

Taiwan Food Supplement Market to hit US$ 1220.02 Million By 2027 | Top Most Keyplayers - Far East Bio-Tec Co., Ltd., Orient EuroPharma Co., Ltd., Taiwan Biotech Co., Ltd, Taiyen Biotech Co., Ltd.
Taiwan Food Supplement Market to hit US$ 1220.02 Million By 2027 | Top Most Keyp …
Market Size and Forecast: The Taiwan Food Supplement Market recorded a value of US$ 957.50 million in 2023 and is expected to reach US$ 1220.02 million in 2027, growing at a CAGR of 6.41% during the forecast period (2024-2027). The Taiwan Food Supplement Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses
Japan Power Transformers Market Forecast 2025: Market Share, Emerging Technologies & Top Companies | Hitachi Energy Ltd, Siemens Energy, GE Vernova
Japan Power Transformers Market Forecast 2025: Market Share, Emerging Technologi …
Tokyo, Japan, DataM Intelligence: The Japan Power Transformers Market is valued at around USD 1.62 billion in 2024 and is expected to reach USD 3.79 billion by 2035, growing at a CAGR of 8.03% during the forecast period 2025 to 2035. This growth comes from Japan's rising need for efficient power distribution systems. Government initiatives promote smart grid technologies and renewable energy integration. The increase in electric vehicles and the modernization
Japan Dialysis Equipment Market: Aging Population & ESRD Care | Top Most Keyplayers - Nikkiso Co., Ltd., Fresenius Medical Care Japan K.K., Kawasumi Laboratories, Inc., Asahi Kasei Medical Co., Ltd.
Japan Dialysis Equipment Market: Aging Population & ESRD Care | Top Most Keyplay …
Market Size and Forecast: The Japan dialysis equipment market reached US$ 2.8 billion in 2023 and is expected to reach US$ 4.06 billion by 2031, growing at a CAGR of 4.5% during the forecast period 2024-2031. The Japan Dialysis Equipment Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed
Japan Digital Holographic Microscopy Market Growth: Surge in R&D and Semiconductor Advancements Accelerate Market Expansion | Leading Firms are Holoxica, Ovizio Imaging Systems, and DAEIL Systems
Japan Digital Holographic Microscopy Market Growth: Surge in R&D and Semiconduct …
Tokyo, Japan, DataM Intelligence: The Global Digital Holographic Microscopy (DHM) Market is valued at US$ 476.60 million in 2024. It is expected to reach US$ 3,056.89 million by 2033, with a growth rate of 20.4% from 2025 to 2033. The market is growing because more people are using label-free, high-resolution 3D imaging in life sciences, materials science, and semiconductor inspection. Advancements in optics, sensors, and AI-driven image processing are improving precision

All 5 Releases


More Releases for Plastic

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 pageants
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 pallets
Plastic Granules Market to Witness Massive Growth by Balaji Plastic, Navkar Indu …
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 360° 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 emerging
Insights on the Growth of Plastic Granules Market 2018 to 2025 | Profiling Key C …
UpMarketResearch offers a Latest report on “Plastic Granules Market Analysis & Forecast 2018-2025” 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 strategic
Agriculture Film Market SWOT Analysis of Leading Key Players Shandong Tianhe Pla …
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, Barbier
Building Materials Market 218 : Hepworth, National Plastic Industry, Hira Indust …
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 about