Press release
Recycled Plastics Market to Reach USD 137.9 Billion by 2032, Says Stratview Research
Stratview research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more. The report covers detailed market scope including historical trends, forecast values, and segmentation across process type, type, source, plastic type, end-use industry type, and region. This comprehensive segmentation enables B2B decision-makers to evaluate strategic growth opportunities and supply-chain implications across key segments.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/4190/recycled-plastics-market.html#form
Market Statistics
• Market size (2024): USD 75.7 billion
• Forecast value (2032): USD 137.9 billion
• CAGR (2025-2032): 7.7%
• Forecast period: 2025-2032
• Base year: 2024
• Total number of segments: 6
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
Recycled Plastics Market, by Process Type
• Mechanical Recycling
• Chemical Recycling
Recycled Plastics Market, by Type
• Post-Consumer Recyclates
• Industrial Recyclates
Recycled Plastics Market, by Source Type
• Bottles
• Films
• Fibers
• Foams
Recycled Plastics Market, by Plastic Type
• Polyethylene Terephthalate (PET)
• Polyethylene (PE)
• Polyvinyl Chloride (PVC)
• Polypropylene (PP)
• Polystyrene (PS)
Recycled Plastics Market, by End-Use Industry Type
• Packaging
• Textile
• Automotive
• Electronics & Electricals
Recycled Plastics Market, by Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Process type analysis shows Chemical Recycling as the fastest-growing segment due to increased investment in advanced recycling technologies that can handle mixed and contaminated plastics, enabling higher-quality recycled output. By contrast, mechanical recycling remains foundational but faces limitations due to degradation of material properties over cycles, driving strategic investment into chemical processing capabilities to capture a broader feedstock. This dynamic shifts innovation focus and capital deployment toward scalable chemical recycling systems.
In the type segmentation, the Post-Consumer Recyclates segment holds the largest share because of expanding regulations and corporate recycled content commitments across packaging and consumer goods sectors. The structural shift toward mandated recycled content requirements in products elevates post-consumer feedstock importance, compelling manufacturers to secure sustainable material sources in value chains.
For source type, Plastic Bottles are the fastest-growing category due to extensive collection infrastructure and high demand for PET and HDPE bottles in the packaging industry. High recovery rates of bottles and strong beverage brand commitments to recycled content create consistent demand signals, making this source economically attractive for recyclers and converters.
Within plastic type, Polyethylene Terephthalate (PET) dominates because of its widespread use in beverage and consumer packaging and well-established recycling streams. The clear end-market demand for recycled PET in packaging and fiber applications ensures steady growth, reinforcing its leading position.
In end-use industry, the Packaging segment is the fastest-growing category driven by stringent sustainability targets among CPG companies and regulatory pressures for recycled content in packaging materials. This structural demand is reshaping procurement strategies and long-term supply contracts for recycled material.
Asia-Pacific is the dominant regional market, capturing the highest demand due to rapid industrialization, large volumes of plastic consumption, and expanding recycling infrastructure in economies like China and India. The region's scale advantages and policy emphasis on waste management support sustained investment in recycling capacity.
The fastest-growing region is also Asia-Pacific as emerging economies prioritize circular economy initiatives and strengthen regulatory frameworks to boost recycling rates. Structural factors such as population growth and rising manufacturing output further augment demand for recycled materials as a cost-effective and sustainable alternative to virgin plastics.
Market Drivers
• Regulatory mandates for recycled content increase demand for recycled resins.
• Corporate sustainability commitments drive procurement of recycled plastics.
• Expansion of advanced chemical recycling technologies enables broader feedstock utilization.
• Growth in packaging and consumer goods industries needing sustainable materials.
• Increasing public and investor focus on circular economy principles.
Top Companies in the Market
• 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.
• Covestro AG
1. What is the projected size of the recycled plastics market by 2032?
The recycled plastics market is forecasted to reach USD 137.9 billion by 2032, growing at a 7.7% CAGR from 2025-2032.
2. Which segment leads in process type and why?
Chemical recycling is the fastest-growing segment due to investments in technologies that process mixed and contaminated plastics into higher-value recycled materials.
3. What is driving demand for post-consumer recyclates?
Post-consumer recyclates dominate because of regulatory recycled content mandates and corporate ESG commitments that require sustainable input materials.
4. Why is Asia-Pacific dominant in the recycled plastics market?
Asia-Pacific leads due to high plastic consumption, expanding recycling infrastructure, and government policies promoting waste management and circular economy adoption.
5. How does packaging influence recycled plastics demand?
The packaging segment fuels demand as consumer goods companies embed recycled content targets into supply chains to meet sustainability goals and regulatory obligations.
Related Links:
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https://ubuntusafa.com/blogs/405671/Aircraft-Fuel-Pumps-Market-Meeting-the-Demands-of-Next-Generation
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https://payrchat.com/blogs/20566/aircraft-hydraulic-pumps-market
Rail Seals Market:
https://logcla.com/blogs/811430/Challenges-in-the-Rail-Seals-Market-and-How-to-Overcome
EV Power Electronics Cooling Plates Market:
https://tiktiktalk.com/blogs/30818/Keeping-EV-Electronics-Cool-Market-Growth-for-Power-Electronics-Cooling
PBO Fiber Market:
https://livepositively.com/safety-strength-sustainability-pbo-fiber-market-outlook/
Mexican Fluid Conveyance Market:
https://www.exoltech.net/blogs/221666/Cross-Border-Currents-Export-Opportunities-in-Mexico-s-Fluid-Conveyance
Polypropylene Bubble Sheets Market:
https://joyrulez.com/blogs/225841/Sustainable-Packaging-Boosts-Polypropylene-Bubble-Sheets-Demand
Polypropylene Honeycomb Market:
https://www.omaada.com/blogs/258821/Polypropylene-Honeycomb-Market
Recreational Boat Engine Seals Market:
https://webyourself.eu/blogs/1457121/Navigating-Growth-The-Rising-Demand-for-Boat-Engine-Seals-in
Phenolic Molding Compound Market:
https://www.dr-ay.com/blogs/317117/Phenolic-Molding-Compound-Market-Overview-Demand-Drivers-and-Industry-Opportunities
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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