Press release
Recycled Plastic Market Set to Soar: Demand Surges Amid Global Push for Sustainable Packaging Solutions 2025 | Leading key players - Covetsro AG, REMONDIS SE & Co. KG, Biffa.
The Global Recycled Plastic Market reached US$ 48.6 billion in 2022 and is expected to reach US$ 95.5 billion by 2031, growing with a CAGR of 8.9% during the forecast period 2024-2031.The Recycled Plastic Market, as examined by DataM Intelligence, provides a thorough industry overview enriched with detailed insights, historical data, and essential statistics. The report extensively explores market dynamics and competitive landscapes, featuring profiles of leading companies, their product offerings, pricing strategies, financials, growth plans, and geographic footprint.
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The Recycled Plastic Market involves the collection, processing, and repurposing of plastic waste into reusable materials. It supports sustainable production by reducing reliance on virgin plastics, lowering environmental impact, and promoting circular economy practices. This market spans industries such as packaging, automotive, construction, and textiles, driven by increasing environmental awareness, regulatory mandates, and advancements in recycling technologies.
Prominent Industry players in the Recycled Plastic Market
The prominent players in Recycled Plastic market research report are: Covetsro AG, REMONDIS SE & Co. KG, Biffa, Stericycle, Republic Services, Inc., WM Intellectual Property Holdings, L.L.C., Veolia, Shell International B.V., Waste Connections, CLEAN HARBORS, INC and others.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
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Industry News:
February 9, 2023 - TotalEnergies and Ecolab launched new recycled plastic packaging for Ecolab's MAXX S facility care range, using RE:clic rPE6314, a post-consumer recycled (PCR) polyethylene. This collaboration promotes circularity in heavy-use packaging for concentrated cleaning products and supports environmental protection and waste reduction.
July 27, 2022 - The Coca-Cola Company enhanced its circular economy efforts:
Sprite switched from green to clear PET bottles to improve recyclability.
DASANI launched 100% recycled PET bottles (excluding caps and labels), boosting sustainability across its North American markets.
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Market Segments
By Type: Post Consumer Recyclate, Industrial Recyclate.
By Plastic Type: Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene, Others.
By Source: Bottles, Films, Foams, Fibers, Others.
By Process: Mechanical, Chemicals, Others.
By End-User: Building & Construction, Packaging, Electrical & Electronics, Textiles, Automotive, Others.
The Recycled Plastic industry is undergoing swift expansion, fueled by breakthroughs in medical technology, growing demand for cutting-edge therapies, and an increasing emphasis on patient-centric care. As the sector advances, in-depth market analysis is essential to track evolving trends, regulatory developments, and new opportunities.
Regions Covered:
The global Recycled Plastic Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
FAQs:
✒ What is driving the growth of the Recycled Plastic Market?
✒ Who are the prominent players in the Recycled Plastic Market?
✒ How is the regulatory landscape affecting the Recycled Plastic Market?
✒ What regions are expected to see the highest growth?
✒ What are the key challenges faced by the Recycled Plastic Market?
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Contact Person: Sai Kiran
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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.
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