Market Size, Share Global Outlook and Forecast 2025-2032 Publication Date: April 25 , 2025
Recycled Plastic Market Overview
In terms of volume, the usage of recycled plastics is more widespread than the revenue decline might suggest, as lower pricing affects market valuation despite relatively steady consumption.
This discrepancy reflects the intense price competition and the commoditization of recycled materials in the global marketplace.
Recycled plastic refers to plastic materials that have been recovered, processed, and transformed into new products after initial consumer or industrial use.
This recycling process typically involves collecting plastic waste, sorting, cleaning, shredding, melting, and reforming it into pellets or new forms suitable for reuse.
Market Value & Growth Projections
Market Value & Growth Projections:
• Global Market Value (2022): US$ 17,990 Million
• Projected Market Value (2029): US$ 14,910 Million
• CAGR (2024-2029): -2.6%
Key Market Drivers:
Environmental Awareness
Government Regulations
Others
Market Segmentation
By Type
By Application
Polypropylene (PP)Polystyrene (PS)
Polyvinyl Chloride (PVC)
Others
By Region
Furniture & Household Products
Industrial Application
Others
North America
Europe
Asia-Pacific
Middle East & Africa
B.SCHOENBER
Key Market Players
Regional Market Analysis
North America
The North American market is characterized by strong regulatory support and growing corporate commitments to sustainability.
Europe
Europe leads in terms of policy initiatives, recycling rates, and technological adoption.
The European Commission’s Circular Economy Action Plan has set ambitious targets for recycling and mandates minimum recycled content in plastic packaging.
Asia-Pacific
China, India, and Japan dominate the AsiaPacific recycled plastic market. While China was once the world’s largest importer of plastic waste, it has shifted focus to domestic recycling under its new environmental policies.
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