Post-Consumer Recycled Plastic Market to Hit USD 188.1 Billion by 2035, Growing at 10.8% CAGR

According to recent analysis, the global post-consumer recycled plastic market is expected to grow from USD 67.2 Billion in 2025 to USD 188.1 Billion by 2035, with a strong CAGR of 10.8% during the forecast period. This growth is fueled by increasing sustainability mandates, circular economy efforts and industry-wide attempts to lower dependency on virgin plastics.

The worldwide post-consumer recycled plastic market is likely to achieve stable growth as stricter packaging regulations drive demand, chemical recycling processes evolve, and utilization in food & beverage, cosmetics, and e-commerce increases. For Instance, Amcor plc has launched packaging that is made from more than 50% PCR content for snack brands in Europe, while achieving food grade certification as well as lower carbon emissions.

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Regional Analysis of Asia Pacific Market

Asia Pacific holds a dominant position in the post-consumer recycled plastic market, accounting for approximately 48% share in 2025, and is expected to maintain steady growth through 2035. The rapid industrialization, rise in consumers looking to choose eco-friendly products, and government-driven initiatives to address the plastic pollution crisis are all contributing to the growth of the region. The FMCG and packaging industries across China, India, and Indonesia are beginning to embed post-consumer recycled plastics into their portfolios, and in fact, Asia Pacific is becoming a hub for innovation in sustainable materials.

For instance, in 2023, Coca-Cola India introduced 100% recycled PET bottles for its Kinley water brand, aligning with the country's Extended Producer Responsibility (EPR) targets and strengthening its sustainable packaging strategy.

Major companies shaping the post-consumer recycled plastic market include Biffa plc, Clean Harbors, Inc., Custom Polymers, Inc., DS Smith plc, Envision Plastics Industries LLC, Freshpak Corporation, Green Line Polymers, Indorama Ventures Public Company Limited, Jayplas, KW Plastics, MBA Polymers, Inc., Phoenix Technologies International LLC, Plastipak Holdings, Inc., Remondis SE & Co. KG, Republic Services, Inc., ReVital Polymers Inc., SUEZ S.A., Ultra-Poly Corporation, Veolia Environnement S.A., Waste Management, Inc., and Other Key Players. These firms are investing in advanced recycling technologies such as chemical recycling, scaling up PET and HDPE recycling facilities, and forging partnerships with FMCG brands to supply high-quality recycled plastics for packaging and manufacturing applications.

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Key Driver, Restraint, and Growth Opportunity Shaping the Post-consumer Recycled Plastic Market Forecast

The growth of the post-consumer recycled plastic market globally is being pushed forward by the increasing demand for sustainable packaging and the circular economy. Recycled plastics help divert waste from landfills, save resources, and meet legislation limiting single-use plastics. For instance, Unilever, in 2024, launched 100% PCR plastic bottles for its Dove and Sunlight brands in Southeast Asia showing their commitment to moving towards sustainability in accordance with consumer demands for conscious forms of packaging.

One of the main challenges is there is a fragmented collection and recycling infrastructure that leaves consumers inconsistently with the quality and volume of supply. The place of feedstock and the level of contamination has clear implications on operational processes costs and efficiency. For Instance, in 2023, Veolia was limited in production at one of its plants in Europe, due to bad quality input material which resulted in higher processing fees and subsequently the amount of supply they could provide packaging companies.

With increasing regulations companies are using advanced recycling methods including chemical recycling, and sorting and streaming choices using AI, without the intervention of a person. Companies are also including recyclers in partnerships to secure fixed supply chains which will allow for broader use of high-quality recycled plastics in the supply chain of packaging and goods production.

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Recent Developments and Strategic Overview

In May 2024, Veolia partnered with L'Oréal to scale recycled plastic usage in cosmetic packaging across Europe. The initiative focuses on supplying high-quality rPET and rPP, meeting EU circular economy regulations while reducing reliance on virgin resins.

In July 2024, Indorama Ventures opened a new PET recycling plant in Indonesia with a capacity of 30,000 tonnes annually, aimed at supporting the Southeast Asian FMCG packaging market and bolstering local collection infrastructure.
In October 2024, ALPLA launched its advanced HDPE recycling facility in Spain, dedicated to supplying recycled material for household and personal care products, aligning with rising European demand for sustainable packaging.

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Key Trend: Chemical Recycling Advancements

The transition from mechanical recycling to chemical recycling is providing the opportunity to morph low-grade plastics feedstock to high-performance feedstock for use in high-performance applications. This solution broadens recycling capabilities to include previously unrecyclable waste streams, while also improving the quality of PCR resins.

For Instance, Eastman launched its molecular recycling facility in 2023 to convert hard-to-recycle plastics into new specialty materials, as well as to help partner brands create packaging with the same properties as virgin resin, strengthening supply security, brand credibility and backing global circular economy goals.

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This release was published on openPR.