Recycled Plastic Market is expected to reach US$ 95.5 billion by 2031 | Major Companies - Covetsro AG, Stericycle, Republic Services, Inc., Shell International B.V.

Market Size and Growth:

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 report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Recycled Plastic Market encompasses the collection, processing, and resale of plastic waste into usable materials for manufacturing new products. Driven by environmental regulations, sustainability initiatives, and rising plastic waste, the market includes post-consumer and post-industrial plastics. Key segments include polyethylene, PET, and polypropylene, with applications across packaging, construction, automotive, and consumer goods, promoting circular economy practices.

Recent Key Developments of United States:

✅ December 2025: New federal grants supported rPET production facilities in the Midwest, increasing capacity by 20% to meet surging demand from food and beverage sectors.

✅ November 2025: A coalition of U.S. automotive firms announced investments exceeding $500 million in chemical recycling plants to process mixed plastics from vehicles, enhancing supply chain circularity.

✅ October 2025: The U.S. EPA launched an expanded national initiative to boost recycled plastic use in packaging, mandating 30% post-consumer content in select consumer goods by partnering with major retailers. This move aimed to cut landfill waste amid rising public demand for sustainability.

Recent Key Developments of Japan:

✅ December 2025: Idemitsu Kosan completed construction of a chemical recycling plant, targeting higher recycled content in rigid plastics and capitalizing on growing rPET demand.

✅ November 2025: Investments poured into PET bottle-to-bottle recycling machines, projected between $225-375 million, to improve efficiency and recovery rates across vending and retail networks.

✅ October 2025: Japanese manufacturers ramped up post-consumer recycled PET in plastic bottles, aligning with circular economy policies through advanced lightweight designs and nationwide collection systems.

List of the Key Players in the Recycled Plastic Market:

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

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This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Segments Covered in the Recycled Plastic Market:

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.

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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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Recycled Plastic market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Recycled Plastic Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Recycled Plastic market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Recycled Plastic Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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