Recycled Plastic Market is expected to hit US$ 95.5 billion by 2031 | Major Companies - Covetsro AG, Biffa, Stericycle, Republic Services, Inc., Veolia

Market Size and Growth:

The Global Recycled Plastic Market size reached US$ 52.97 billion in 2024 and is expected to reach US$ 95.5 billion by 2031, growing with a CAGR of 8.9% during the forecast period 2026-2033.

The Recycled Plastic Market refers to the global industry involved in the collection, processing, and reuse of plastic waste into new materials and products. It includes mechanical and chemical recycling processes that convert post-consumer and post-industrial plastics into usable raw materials. This market supports sustainability by reducing landfill waste, conserving natural resources, and lowering carbon emissions. It serves industries such as packaging, automotive, construction, textiles, and consumer goods, driven by environmental regulations, corporate sustainability goals, and growing demand for circular economy solutions.

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Recent Key Developments of United States:

✅ March 2026: Projections indicated polyethylene leading revenue generation, with polypropylene showing the fastest growth potential amid rising investments in advanced recycling technologies.

✅ February 2026: Market analyses highlighted growth in post-industrial recycling segments, noted for cleaner and more uniform materials compared to post-consumer sources, supporting overall market expansion. Southeast and Midwest regions emerged as demand hotspots due to manufacturing clusters.

✅ January 2026: California's AB 793 enforcement ramped up, requiring 25% post-consumer recycled plastic (rPET) in all plastic beverage containers, marking a pivotal shift toward scaling rPET integration strategies by 2030. Corporate ESG commitments drove higher utilization in automotive and construction sectors.

✅ December 2025: EPA introduced stricter mandates on single-use plastics, accelerating adoption in packaging which holds over 50% market share due to regulatory compliance and consumer sustainability demands. State-level bans further boosted post-consumer recycled plastic supply from households and businesses.

Recent Key Developments of Japan:

✅ March 2026: Industry forecasts emphasized rapid adoption of advanced recycling technologies (chemical recycling, depolymerization), driven by sustainability targets and circular economy strategies.

✅ February 2026: The government advanced policy frameworks following the revised Resource Recycling Law, including taskforces to promote recycled plastics in packaging and industrial applications.

✅ January 2026: Japan introduced new packaging certification standards targeting industries such as beverages, cosmetics, and household products to increase recyclability and recycled content usage.

✅ December 2025: Japan's recycled plastics sector showed progress toward 70% recycling targets by 2030, supported by regulations aimed at reducing plastic waste and increasing recycling rates.

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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People Also Ask:

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