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Recycled Plastics Market

Global Recycled Plastics Market Growth, Trends, Analysis: By Plastic Type: Polyethylene Terephthalate (PET), High Density Polyethylene (HDPE), Polypropylene (PP), Low Density Polyethylene (LDPE), Others; By Raw Material: Plastic Bottles, Plastic Films, Others; By Application; Regional Analysis; Competitive Landscape; 2024-2032

Global Recycled Plastics Market Outlook

The global recycled plastics market size stood at a value of USD 44.71 billion in 2023. The industry is estimated to witness a CAGR of 6.1% during the forecast period of 2024-2032 to attain a value of USD 76.17 billion by 2032.

 

Global Recycled Plastics Market

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On the basis of plastic type, the polyethylene terephthalate (PET) segment accounted for the most significant market share in 2020. The segment growth is attributed to the increased uses of recycled plastics in the manufacturing of containers, automobile parts, shoes, and luggage, among others.

Based on the application type, the non-food contact packaging segment dominated the recycled plastics market and is expected to continue its dominance over the forecast period. It is widely used in industrial processing for the protection of the products from harsh weather conditions.

On the basis of raw material type, the plastic bottles segment is estimated to account for the largest market share as they are used in numerous applications such as storing carbonated drinks, medicines, and oils, among others.

Regionally, North America dominated the industry in 2020 owing to the increasing demand for recycled plastics and the growing government and organisational initiatives in the region.

 

Market Segmentation

Plastic recycling is a process of collecting and re-using different types of plastic wastes. Before recycling, the waste and scrap plastic undergo a series of five stages that include sorting, washing, shredding, identification and classification of plastic, and extruding. Products manufactured from plastics are generally non-biodegradable, which can lead to various environmental concerns. Consequently, recycling plastics helps in reducing the amount of waste disposed at landfill sites, which in turn lowers the amount of greenhouse gas emissions released from landfills.

 

Global Recycled Plastics Market By Raw Material

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On the basis of plastic type, the global recycled plastics market is segregated into:

  • Polyethylene Terephthalate (PET)
  • High Density Polyethylene (HDPE)
  • Polypropylene (PP)
  • Low Density Polyethylene (LDPE)
  • Others

Based on the raw material types, the industry is divided into:

  • Plastic bottles
  • Plastic films
  • Rigid Plastic and Foam
  • Fibres
  • Others

The industry is majorly categorised on the basis of the application segment into:

  • Non-Food Contact Packaging
  • Food Contact Packaging
  • Construction
  • Automotive
  • Others

The EMR report looks into the regional markets of the global recycled plastics market like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Recycled Plastics Market By Region

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Market Analysis

The demand for plastic materials is growing at a fast pace across several industries like packaging, food and beverage, automotive, and healthcare. Increasing population, rising disposable incomes, and continuous product innovations are the prime factors attributed to the development of these industries. The robust growth of recycled plastics in the flexible packaging segment, coupled with the rising capital investments in research and development activities in flexible packaging, is also creating ample opportunities for vendors in the recycled plastics market, thus, significantly driving the industry growth. Governments are also enforcing waste disposal taxes, landfill taxes, recycling credit schemes, and deposit refund systems to promote effective waste management. These measures by governments in various economies are further expected to facilitate the growth of the recycled plastics market.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global recycled plastics market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • B. Schoenberg & Co., Inc
  • UltrePET, LLC
  • Carbonlite Inc.
  • Others

The comprehensive report looks into the macro and micro aspects of the recycled plastics industry. The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Plastic Type
  • Raw Material
  • Application
  • Region
Breakup by Plastic Type
  • Polyethylene Terephthalate (PET)
  • High Density Polyethylene (HDPE)
  • Polypropylene (PP)
  • Low Density Polyethylene (LDPE)
  • Others
Breakup by Raw Material
  • Plastic Bottles
  • Plastic Films
  • Rigid Plastic and Foam
  • Fibres
  • Others
Breakup by Application
  • Non-Food Contact Packaging
  • Food Contact Packaging
  • Construction
  • Automotive
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • B. Schoenberg & Co., Inc
  • UltrePET, LLC
  • Carbonlite Inc.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Recycled Plastics Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Recycled Plastics Historical Market (2018-2023) 
    8.3    Global Recycled Plastics Market Forecast (2024-2032)
    8.4    Global Recycled Plastics Market by Plastic Type
        8.4.1    Polyethylene Terephthalate (PET)
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    High Density Polyethylene (HDPE)
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Polypropylene (PP)
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Low Density Polyethylene (LDPE)
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Others
    8.5    Global Recycled Plastics Market by Raw Material
        8.5.1    Plastic Bottles
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Plastic Films
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Rigid Plastic and Foam
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Fibres
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Others
    8.6    Global Recycled Plastics Market by Application
        8.6.1    Non-Food Contact Packaging
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Food Contact Packaging
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Construction
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Automotive
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Others   
    8.7    Global Recycled Plastics Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Recycled Plastics Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Recycled Plastics Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Recycled Plastics Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Recycled  Plastics Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and  Africa Recycled Plastics Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Manufacturing Process

    16.1    Overview
    16.2    Detailed Process Flow
    16.3    Operation Involved
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles (*This list is only indicative. The report contains a more comprehensive list of players.)
        17.2.1    B. Schoenberg & Co., Inc
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    UltrePET, LLC
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Carbonlite Inc.
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    Others
18    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Recycled Plastics Market: Key Industry Highlights, 2018 and 2032
2.    Global Recycled Plastics Historical Market: Breakup by Plastic Type (USD Billion), 2018-2023
3.    Global Recycled Plastics Market Forecast: Breakup by Plastic Type (USD Billion), 2024-2032
4.    Global Recycled Plastics Historical Market: Breakup by Raw Material (USD Billion), 2018-2023
5.    Global Recycled Plastics Market Forecast: Breakup by Raw Material (USD Billion), 2024-2032
6.    Global Recycled Plastics Historical Market: Breakup by Application (USD Billion), 2018-2023
7.    Global Recycled Plastics Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.    Global Recycled Plastics Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Recycled Plastics Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Recycled Plastics Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Recycled Plastics Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Recycled Plastics Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Recycled Plastics Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Recycled Plastics Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Recycled Plastics Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Recycled Plastics Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Recycled Plastics Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Recycled Plastics Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Recycled Plastics Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Recycled Plastics Market Structure

Key Questions Answered in the Report

In 2023, the market attained a value of nearly USD 44.71 billion. 

The market is estimated to grow at a CAGR of 6.1% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 76.17 billion by 2032. 

The major drivers of the market include the thriving packaging sector, rapid urbanisation, expansion of various end use industries, rising investments in research and development activities, and the advancements in recycling technology.

The introduction of favourable government initiatives aimed at encouraging plastic recycling and increasing investments in flexible packaging are the key trends guiding the market.

The major regional markets of recycled plastics include Europe, North America, the Middle East and Africa, Latin America, and the Asia Pacific.

Polyethylene terephthalate (PET), high density polyethylene (HDPE), polypropylene, and low density polyethylene (LDPE), among others, are the several plastic types considered in the market report.

The major raw materials considered in the market report are plastic bottles, plastic films, rigid plastic and foam, and fibres, among others.

The significant applications of recycled plastics are non-food contact packaging, food contact packaging, construction, and automotive, among others.

The major market players include B. Schoenberg & Co., Inc, UltrePET, LLC, and Carbonlite Inc., among others.

Analyst Review

The recycled plastics market in North America is being driven by the expansion of the construction, automotive, and food contact packaging industry and the growing research and development activities in the region. Aided by the changing consumer preference towards sustainable products and the increasing awareness about environment degradation, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.1%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is divided into polyethylene terephthalate (PET), high-density polyethylene (HDPE), polypropylene (PP), and low-density polyethylene (LDPE), among others. On the basis of raw material, the market is divided into plastic bottles, plastic films, rigid plastic and foams, and fibres, among others. The major regional markets for recycled plastics in North America are the United States and Canada. The key players in the above market include GFL Environmental Inc., KW Plastics, MBA Polymers Inc., UltrePET, LLC, Brightmark LLC, and Seraphim Plastics, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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