The Recycled Plastics Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Recycled Plastics Market?
The market size of recycled plastics has seen consistent expansion in the past years. Increasing from $54.16 billion in 2024, it is projected to reach $56.75 billion in 2025, progressing at a compound annual growth rate (CAGR) of 4.8%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Recycled Plastics Industry?
The Recycled Plastics Global Market is projected to reach $70.02 billion in 2029, growing at a compound annual growth rate (CAGR) of 5.4%.
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What are the Key Growth Drivers Fueling the Recycled Plastics Market?
The key drivers in the recycled plastics market are:
• Growth fueled by initiatives focusing on a circular economy
• Corporate sustainability objectives also drive market expansion
• Strategies geared toward the reduction of plastic waste
• The introduction and use of bioplastics and hybrid materials
Global Market Segmentation: Identifying Major Recycled Plastics Industry Segments
The recycled plastics market covered in this report is segmented –
1) By Type: Polyethylene Terephthalate, Polyvinyl Chloride, Polyethylene, Polypropylene, Polystyrene, Other Types
2) By Source: Plastic Bottles, Plastic Films, Plastic Foams, Plastic Fibers, Other Sources
3) By Application: Packaging, Textile, Automotive, Building And Construction, Electrical And Electronics, Other Applications
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What are the Emerging Trends Shaping the Future of the Recycled Plastics Market?
The key trends in the ground support equipment market are:
• Advanced recycling technologies are becoming a prominent trend.
• The movement towards eco-friendly packaging is gaining traction.
• There is an emerging trend of plastic-to-fuel conversion.
• E-waste recycling and sustainable fashion are also significant upcoming trends.
Who Are the Top Competitors & Leading Players in the Recycled Plastics Market?
Major companies in the recycled plastics market are:
• Rethmann SE & Co. KG
• Biffa Waste Services Limited
• Stericycle Inc.
• Veolia India Private Limited
• Jayplas Limited
• KW Plastics
• MBA Polymers Inc
• Waste Connections Inc.
• Clean Harbors Inc
• Suez India Private Limited
• Plastic Recycling Inc.
• UltrePET LLC
• Greenotech Recycling Private Limited.
• Advanced Environmental Recycling Technologies Inc.
• Alpek S.A.B. de C.V.
• B. Schoenberg & Co Inc.
• B&B Plastics Recycling Inc.
• Berry Global Inc.
• CABKA North America Inc.
• CarbonLite Industries LLC
• Custom Polymers Inc.
• Dart Container Corporation.
• Delta Plastics of the South LLC
• Emco Industrial Plastics Inc.
• Envision Plastics LLC
• Far Eastern New Century Corporation
• Fresh Pak Corporation
• GDB International Inc.
Regional Dominance: Which Area Leads the Global Recycled Plastics Market?
Asia-Pacific was the largest region in the recycled plastics market in 2024
