Press release
United States Plastic Recycling Market to Grow at 8.9% CAGR, Driven by Circular Economy Initiatives and Regulatory Pressure | DataM Intelligence
The global Plastic Recycling Market reached USD 28.3 billion in 2022 and is projected to reach USD 60.2 billion by 2031, growing at a CAGR of 8.9% during the forecast period 2024-2031, according to DataM Intelligence.United States: Recent Industry Developments
✅ In October 2025, the US Environmental Protection Agency implemented new regulations requiring 50% recycled content in all plastic packaging by 2030.
✅ In October 2025, Waste Management Inc. launched a $1 billion investment in advanced sorting facilities using AI and robotics.
✅ In October 2025, A consortium of major consumer brands committed to using 100% recyclable or reusable packaging by 2025.
Japan: Recent Industry Developments
✅ In October 2025, Japan's Ministry of Environment introduced extended producer responsibility regulations for plastic packaging.
✅ In October 2025, Mitsubishi Chemical developed a novel chemical recycling process that handles mixed plastic waste with 95% efficiency.
✅ In October 2025, Panasonic Corporation implemented closed-loop recycling systems across all its manufacturing facilities.
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Market Trends & Drivers
The Plastic Recycling Market is experiencing significant growth driven by increasing environmental awareness, stringent government regulations, and corporate sustainability commitments. Key trends include the advancement of chemical recycling technologies, the development of smart sorting systems, and expansion of circular economy business models. The growing demand for recycled plastics from brand owners, rising plastic waste volumes, and technological innovations in recycling processes are significantly accelerating market expansion across all regions.
Competitive Landscape
The market features strong competition among waste management companies, chemical processors, and specialized recycling firms.
Waste Management Inc. leads with comprehensive recycling services and advanced material recovery facilities.
Republic Services Inc. operates extensive recycling networks with focus on single-stream processing.
Veolia Environnement SA provides global recycling solutions with advanced sorting and processing technologies.
Suez SA offers integrated waste management and recycling services worldwide.
Biffa PLC specializes in plastic recycling with focus on food-grade recycled materials.
Clean Harbors Inc. provides hazardous waste recycling and environmental services.
Remondis SE & Co. KG operates one of the world's largest recycling networks.
Casella Waste Systems Inc. focuses on regional recycling services in the Northeastern US.
Stericycle Inc. specializes in medical and hazardous waste recycling.
Heritage-Crystal Clean Inc. provides parts cleaning and hazardous waste services.
Segmentation
By Material (Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), Polyethylene Terephthalate (PET))
By Application (Packaging, Automotive, Construction, Others)
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Regional Analysis:
⇥ 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)
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✅ Competitive Landscape
✅ Technology Roadmap Analysis
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Consumer Behavior & Demand Analysis
✅ Import-Export Data Monitoring
✅ Live Market & Pricing Trends
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