Press release
Recycled Plastic Market is set for strong growth to US$ 95.5 billion by 2031, growing with a CAGR of 8.9%- Led by Asia Pacific | Key Players:- Covetsro AG, REMONDIS SE & Co. KG, Biffa, Stericycle.
Recycled Plastic
The market is growing due to strict environmental regulations, rising plastic waste management initiatives, increasing corporate sustainability commitments, growing consumer demand for eco-friendly packaging, and advancements in recycling technologies that improve quality, efficiency, and cost competitiveness.
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United States: Key Industry Developments:-
✅ November 2025: PPG launched EnviroLuxe Plus powder coatings made from up to 18% industrial plastic waste, targeting enhanced durability and reduced carbon footprint in manufacturing applications.
✅ May 2025: Toyoda Gosei Co., Ltd. developed advanced technology to recycle high-quality plastic from automotive parts, improving circular economy practices in the auto sector.
✅ March 2025: LyondellBasell introduced Pro-fax EP649U, a polypropylene impact copolymer using recycled content for rigid food packaging, featuring fast crystallization and low odor.
Japan: Key Industry Developments:-
✅ May 2025: Toyoda Gosei Co., Ltd. unveiled innovative recycling technology for high-quality plastics from automotive components, supporting Japan's sustainability goals in manufacturing.
✅ July 2025: A large-scale chemical recycling facility opened in Guangdong province using Japanese-developed deep catalytic cracking tech, processing over 200,000 tonnes of mixed plastics annually into high-value feedstocks.
2025 M&A Acitvity :-
LyondellBasell completed the acquisition of APK, a solvent-based recycling company, and mechanical recycling assets in California in February 2025, significantly expanding its recycling portfolio and technological capabilities across multiple recycling processes.
Loop Industries completed a USD 20.8 million financing and technology licensing deal with Reed Societe Generale Group for European Infinite Loop technology deployment in January 2025, marking the company's first commercial license sale.
Growth Forecast Projection:
The Recycled Plastic Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the Recycled Plastic 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.
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Purchasing Drivers
Eco-conscious buyers seek certifications like ISCC PLUS, influencing 72% of decisions amid rising plastic waste awareness. Cost savings appeal to budget shoppers, while quality concerns-such as recycled plastic durability-deter 25% without performance guarantees
Companies and Competitive Landscape
Key players 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.
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)
Market segmentation-
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)
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FAQs -
1. How big is the Cool Roofs Market ?
Cool Roofs Market reached US$ 23.12 billion in 2024 and is expected to reach US$ 41.23 billion by 2032
2: How fast is the Cool roof Market growing?
A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 7.50% from 2025 to 2032
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