Recycled Plastic Market Set to Reach USD 108.54 Billion by 2031 | Veolia, Kingfa and Suzhou Jiulong Recyling & Technology

Report Description -

QYResearch latest report 'Recycled Plastic Market 2025 Report' provides a comprehensive analysis of the industry with market insights will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. Finally, this will increase the return rate and strengthen the competitive advantage within. Since it's a personalised market report, the services are catered to the particular difficulty. The correct methodology and staff will be matched to the company need through marketing reports, which may involve survey work, in-depth interviews, or a combination of methodologies. A skilled group of analysts collects, evaluates, and synthesises the data to complete difficult assignments without establishing unreasonably high standards.

The global market for Recycled Plastic was estimated to be worth US$ 75.49 billion in 2024 and is forecast to a readjusted size of US$ 108.54 billion by 2031 with a CAGR of 5.4% during the forecast period 2025-2031.

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Recycled resin, also known as recycled plastic resin, refers to a type of plastic material that is produced by recycling and reprocessing used or discarded plastic products. It involves collecting plastic waste, sorting and cleaning it, and then melting and reforming it into new resin pellets or granules. The recycled resin can then be used as a raw material in various industries to manufacture new plastic products. The process of recycling plastic waste into recycled resin helps reduce the reliance on virgin plastic production, minimize plastic waste in landfills, and contribute to a more sustainable and circular economy.

The core manufacturers of Recycled Plastic in China include Veolia, Kingfa and Suzhou Jiulong Recyling & Technology. The top three companies have a market share of about 5%. In terms of product type, PET is the largest segment with approximately 34% market share. In terms of application, Packaging and Consumer Goods is the largest downstream segment, accounting for about 37% of the market.

This report aims to provide a comprehensive presentation of the global market for Recycled Plastic, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Recycled Plastic.

Top Market Players

According to the QY Research report, leading global companies in the Recycled Plastic market include:

Veolia
Suzhou Jiulong Recyling & Technology
Zhejiang Haili Environmental Technology
Cixi Xingke Chemical Fiber
Zhejiang Jiaren New Materials
Guangdong Qiusheng Resources
Fujian Baichuan Resources Recycling
Guolong Recyclable Resources Development
Kingfa
INTCO
China Recycling Development
Guangdong Rhino New Material Technology
Jiangxi Green Recycling
Xiamen LH Environment Protection Industry
Indorama Ventures
Far Eastern New Century Co., Ltd.
MBA Polymers
Alpek (DAK Americas)
Plastipak Holdings
Greentech
KW Plastics
Vogt-Plastic
Biffa
Visy
Envision
Viridor
PreZero Polymers

Companies are selected based on parameters such as: -

> Revenue generation

> Manufacturing facilities

> R&D investments

> Market share and innovation pipeline

> Geographical presence

These leaders often pursue strategic alliances, M&A activity, and geographic expansion to maintain competitiveness and meet rising customer expectations.

Market Drivers and Barriers:-

Recycled Plastic market drivers include a few key factors include growing consumer demand for the product, successful marketing tactics in new states, and large investments in product development. Easy access to competitors is one of the main issues facing the Recycled Plastic business. Another hurdle to the Recycled Plastic market is the low cost of substitutes. Businesses think they can get past this barrier, though, by controlling prices and introducing chemicals, specialty chemicals, polymers, metals, ceramics, composites, and advanced materials sector, which will increase consumer demand for their products. Furthermore, in order to minimise dangers, modify their plans, and continue operating, market participants must face substantial challenges. Consequently, companies will be able to effectively allocate their resources without compromising timely market supply or product quality.

Global Recycled Plastic Market Trends:

Recycled Plastic The pre- and post-period regulatory situation plays an important role in shaping market dynamics. As governments introduce and refine regulations governing the production, distribution, and sale of Recycled Plastic products, businesses must navigate complex compliance requirements to ensure lawful operations. Regulatory clarity and consistency are key factors that positively impact markets, providing certainty for businesses and giving people confidence in product safety and quality standards. Additionally, regulatory developments such as the approval of Recycled Plastic chemical and material products and the establishment Recycled Plastic of cultivation programs are opening up new opportunities for market expansion while setting standards for best practices in the industry.

Methods of Research:-

The report has its roots truly set in thorough techniques provided with the aid of proficient facts analysts. the study's methodology includes the collection of information through analysts simplest to have them studied and filtered thoroughly in an try to provide good sized predictions approximately the marketplace over the evaluate length. The research method further consists of interviews with main market influencers, which makes the primary research applicable and realistic. The secondary methods give a direct peek into the demand and deliver connection. The market methodologies followed within the record offer specific facts analysis and provide a tour of the whole marketplace. Each number one and secondary techniques to data collection were used. In addition to these, publicly available assets together with annual reviews, and white papers had been utilized by records analysts for an insightful know-how of the marketplace.

Detailed of Recycled Plastic Market Segmentation: -

Our market analysts are experts in deeply segmenting the global Recycled Plastic market and thoroughly evaluating the growth potential of each and every segment studied in the report. Right at the beginning of the research study, the segments are compared on the basis of consumption and growth rate for a review period of nine years. The segmentation study included in the report offers a brilliant analysis of the global Recycled Plastic market, taking into consideration the market potential of different segments studied. the Segmentation allows businesses to better understand their target audience and tailor their marketing strategies and offerings to specific segments. Here are two common ways to segment a market: by type and by application.

Segmentation By Type :-

PET
PP
PE
ABS
Modified PPE
PSU
PVDF
PVC
Others

Segmentation By Application : -

Packaging and Consumer Goods
Construction
Textile
Automotive
Landscaping/Street Furniture
Others

Regional Insights -

The following phase of the report gives valuable insights into distinct regions and the key players working inside every of them. To evaluate the increase of a particular region or economic, social, environmental, technological, and political factors have been carefully taken into consideration. The segment also provides readers with revenue and sales records for each vicinity and accrued via comprehensive research. This record is supposed to assist readers in Figuring out the ability fee of an investment in a particular region.

By Region

United States

Canada
Mexico
Brazil
China

APAC

Japan
South Korea
China
ASEAN
India

EMEA

Europe
Middle East
Africa

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Key Features Of The Study:-

ᗒ This report provides in-depth analysis of the global Recycled Plastic market, and provides market size (us$ million) and cagr for the forecast period (205-2031), considering 2023 as the base year.

ᗒ This report profiles key players in the global Recycled Plastic market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Recycled Plastic sales data, market share and ranking.

ᗒ This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.

ᗒ This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.

ᗒ The global Recycled Plastic market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.

Important questions answered in the report includes of:

ᗒ How will the market for the Recycled Plastic Market industry grow in 2025?

ᗒ Which well-known major companies will drive the market's growth?

ᗒ Which size of business held the biggest market share for data centre?

ᗒ What is the market's Compound Annual Growth Rate (CAGR) for the 2025-2031 forecast period?

ᗒ What is the primary factor driving the market's expansion?

ᗒ In the market, which region held the highest market share?

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