Press release
Plastic Recycling Market Value Chain and Forecast Analysis 2026 to 2035
The global Plastic Recycling Market Size is valued at USD 48.98 Billion in 2025 and is predicted to reach USD 108.89 Billion by the year 2035 at a 8.7% CAGR during the forecast period for 2026 to 2035.
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The global plastic recycling market is expected to experience substantial growth, driven by increasing awareness of energy conservation and the growing urgency to reduce carbon emissions. In addition to the environmental benefits associated with the use of recycled plastics, their expanding adoption across multiple industries-including packaging, electronics, textiles, construction, and automotive-has significantly contributed to improved energy efficiency and sustainability initiatives.
Market demand is further supported by stringent government regulations and policies aimed at limiting the use of single-use plastics across several countries, as well as rising investments in advanced recycling technologies that enhance material performance and fuel efficiency. Moreover, the growth of e-commerce has led to increased demand for a wide range of packaging materials for products such as personal care items, electronics, and safety equipment, thereby boosting the consumption of recycled plastics.
Recent Developments:
• In May 2021-Plastipak Packaging announced that it would establish a new PET recycling factory in Spain. Beginning in the summer of 2022, this new facility will assist Plastipak achieve its commitment to corporate social responsibility.
• In January 2020-Nestlé made a sizable investment to help with the transition from virgin polymers to food-grade plastic. Also, the business strives to advance cutting-edge environmentally friendly packaging options.
List of Prominent Players in the Plastic recycling Market:
• Kuusakoski
• Berry Global Inc.
• B&B Plastic Inc.
• Plastipak Holdings, Inc.
• WM Recycle America, LLC
• Carbonlite Industries LLC
• Custom Polymers, Inc.
• Dart Container Corporation
• Novolex
• KW Plastics
• MBA Polymers Inc.
• Wellpine Plastic Industrial Co., Ltd
Market Dynamics:
Drivers:
The growth of the plastic recycling market is primarily driven by increasing concerns over the environmental impact of plastic waste disposal. Conventional plastic materials contribute significantly to land and marine pollution, prompting governments worldwide to implement stringent regulations aimed at reducing plastic waste generation. These regulatory initiatives have strengthened demand for recycled plastics and supported overall market expansion. Additionally, the growing adoption of recycled plastic materials across key industries including packaging, electronics, and automotive manufacturing is expected to further accelerate market growth.
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Challenges:
Despite favorable growth prospects, the plastic recycling industry faces several challenges. Limited awareness regarding the benefits of recyclable materials in reducing reliance on virgin plastics continues to restrain market adoption. Moreover, the high costs associated with plastic waste collection, sorting, and recycling processes present economic barriers to large-scale implementation. Additional constraints include restrictions on raw plastic exports and regulatory measures such as the establishment of plastic waste banks, which influence supply chain efficiency and market dynamics.
Regional Trends:
The North American plastic recycling market is expected to account for a significant share of global revenue and is projected to grow at a strong compound annual growth rate over the forecast period. This expansion is driven by rising demand for non-residential infrastructure developments, including educational institutions and commercial facilities, which increase the consumption of recycled construction materials such as flooring, insulation, fencing, carpets, and roofing products. Supportive government policies encouraging the use of recycled materials, along with growing demand for packaged consumer goods, are further expected to support regional market growth.
Europe also represents a substantial share of the global plastic recycling market, supported by a well-established economy and increasing adoption of sustainable and environmentally responsible products across industries.
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Segmentation of Plastic Recycling Market-
By Material
• PET
• PP
• HDPE
• LDPE
• PS
• PVC
• Others
By Application
• Packaging
o Food Contact
o Non-food Contact
• Automotive
• Construction
• Textiles
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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