The global market for plastic recycling is expected to grow from $42.4 billion in 2024 to $57.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2029.
The Asia-Pacific market for plastic recycling is expected to grow from $22.0 billion in 2024 to $31.5 billion by the end of 2029, at a CAGR of 7.5% from 2024 to 2029.
The North American market for plastic recycling is expected to grow from $5.2 billion in 2024 to $7.2 billion by the end of 2029, at a CAGR of 6.6% from 2024 to 2029.
Report Scope
This report entails an in-depth qualitative and quantitative analyses of global plastic recycling market. The study considers 2023 as the base year; forecasts are provided for revenue from 2024 to 2029 ($ million). The global market revenue only comprises revenue earned by plastic recyclers by offering plastic recycling services and selling recycled plastics.
In this report, the market is further segmented by:
- Type: polyethylene terephthalate (PET), high-density polyethylene (HDPE), low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE), polypropylene (PP), others.
- End-use industry: packaging, construction, transportation, others.
- Technology: mechanical, chemical.
- Region: Asia-Pacific, Europe, North America, Rest of the World (RoW).
Report Includes
- 70 data tables and 35 additional tables
- Analysis of the global plastic recycling market
- Analyses of global market trends, with market revenue data from 2023, estimates for 2024, forecasts for 2028, and projected CAGRs through 2029
- Estimate of the current market size and revenue growth prospects for global market, along with a market share analysis by resin type, technology, end-use industry, and region
- Facts and figures pertaining to the market dynamics, current and emerging technologies, regulations, and future prospects for recycled plastics
- Review of the industry supply chain, using the Porter's Five Forces and PESTLE models, to analyze the micro- and macro environmental factors prevailing in the marketplace
- Overview of sustainability trends and ESG developments in the industry, with a focus on consumer attitudes, companies' ESG score rankings and their ESG practices
- A look a recent patents and other new developments
- An analysis of the industry structure, including companies' market shares, alliances, M&A activity and venture funding outlook
- Company profiles of leading players, including Berry Global Inc., Veolia Environnement S.A., MBA Polymers Inc., Plastipak Holdings Inc., and Valgroup