MARKET OVERVIEW:
Recycled plastics resin refers to reprocessed plastic materials derived from post-consumer or post-industrial waste streams. These materials undergo rigorous collection, sorting, cleaning, and processing to create reusable polymer resins. The most commonly recycled variants include polyethylene terephthalate (PET), highdensity polyethylene (HDPE), and polypropylene (PP), which collectively account for over 65% of recycled resin volumes globally.
MARKET INSIGHT & GROWTH DRIVERS:
Global recycled plastics resin market size was valued at USD 11,550 million in 2024 and is projected to reach USD 18,510 million by 2032, exhibiting a CAGR of 7.0% during the forecast period.
11,550 MILLION USD 18,510 MILLION 7.0% Click Here for More Detailed Report
MARKET SEGMENTATION:
BY TYPE
• Polyethylene
APPLICATION • Packaging • Building & Construction
BY Source
Post-Consumer Waste • Post-Industrial Waste
MARKET DYNAMICS
Stringent Environmental Regulations
Accelerating Demand for Recycled
Plastics Resin
Governments worldwide are implementing strict regulations to reduce plastic waste and promote circular economies, driving substantial growth in the recycled plastics resin market. Many countries have introduced extended producer responsibility (EPR) schemes and mandatory recycled content requirements. For example, the European Union's Single-Use Plastics Directive mandates that PET bottles contain at least 25% recycled plastic by 2025, increasing to 30% by 2030.
MARKET OPPORTUNITIES
The automotive industry's shift toward sustainable materials presents significant opportunities for recycled plastics. Modern vehicles contain over 150 kg of plastic components, and manufacturers are increasingly adopting recycled content to meet sustainability targets. Similarly, the construction sector is incorporating recycled plastic resins into pipes, insulation, and building panels. These applications typically require durable, weather-resistant materials and can tolerate minor color variations, making them ideal for certain recycled resin grades.
COMPANY MISSION
Global recycled plastics resin market is experiencing accelerated growth due to stringent environmental regulations aimed at reducing plastic waste. Governments worldwide are implementing policies such as Extended Producer Responsibility (EPR) schemes and single-use plastic bans, compelling industries to adopt recycled materials. For instance, the EU's Plastic Waste Directive mandates that all plastic packaging contain at least 30% recycled content by 2030,.
REGIONAL MARKET OUTLOOK
North America
The North American recycled plastics resin market is driven by strong regulatory frameworks and corporate sustainability commitments. The United States accounts for over 65% of the region's demand, supported by initiatives like the EPA's National Recycling Strategy and Extended Producer Responsibility (EPR) programs in multiple states.
Europe
Europe leads in recycled plastic adoption due to stringent EU directives including the Single-Use Plastics Directive and mandatory recycled content requirements (30% for PET bottles by 2030). Germany and France collectivelyaccount for 40% of regional consumption, with DKR-certified recycled resins commanding premium prices. The region's advanced sorting technology enables high-quality food-grade recycled PET production.
• SABIC (Saudi Arabia)
• Dow Chemical (U.S.)
• Veolia (France)
• BASF (Germany) Download Free Sample Report
These companies represent some of the major key players driving innovation and growth in the market, contributing significantly to global supply and competitive dynamics.
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