Global Plastic Recycling Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Recycling Process;

Mechanical and Chemical.

By Application;

Packaging, Textile, Construction, Automotive and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn984443507 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Plastic Recycling Market (USD Million), 2021 - 2031

In the year 2024, the Global Plastic Recycling Market was valued at USD 49,864.24 million. The size of this market is expected to increase to USD 99,671.89 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.4%.

The increasing use of plastics in manufacturing lightweight components across industries such as building and construction, automotive, electrical and electronics, and others is anticipated to drive significant growth in the plastic recycling market over the forecast period. The surge in online purchases of electronics, personal care products, and personal protective equipment—such as gloves and face masks—is fueling the demand for recycled plastics used in various packaging solutions.

According to Verge, the rising demand for cost-effective consumer electronics like laptops, mobile phones, and modems through e-commerce platforms has notably increased. This trend has heightened the need for recycled plastics in both the electrical and electronics sectors and in packaging applications, which is expected to further drive market growth throughout the forecast period.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Recycling Process
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Plastic Recycling Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising environmental awareness
        2. Demand for sustainable products
      2. Restraints
        1. High cost of recycling
        2. Lack of infrastructure
      3. Opportunities
        1. Technological advancements
        2. Development of new markets
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Plastic Recycling Market, By Recycling Process, 2021 - 2031 (USD Million)
      1. Mechanical
      2. Chemical
    2. Global Plastic Recycling Market, By Application, 2021 - 2031 (USD Million)
      1. Packaging
      2. Textile
      3. Construction
      4. Automotive
      5. Others
    3. Global Plastic Recycling Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Envision Plastics (US)
      2. Custom Polymers, Inc. (US)
      3. Plastic Recycling Inc. (US)
      4. UltrePET, LLC (US)
      5. KW Plastics, Inc. (US)
      6. Green-O-Tech India (India)
      7. CarbonLITE Industries (US)
      8. Seraphim Plastics (US)
      9. MBA Polymers Inc. (US)
      10. Kuusakoski Group Oy (Finland)
  7. Analyst Views
  8. Future Outlook of the Market