Recycled Plastics Market Size

Recycled Plastics Market size was over USD 56.38 billion in 2024 and is poised to exceed USD 170.8 billion by 2037, growing at over 8.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of recycled plastics is evaluated at USD 60.39 billion.

With the growing awareness regarding environmental and energy concerns, countries across the world have started focusing on reducing greenhouse gas emissions. Plastic products can serve the purpose of ensuring that achieve greener and more sustainable living standards. These products require much less energy in the manufacturing process as compared to other materials. Various applications like construction, transport, electronics, and packaging require less energy. According to report published by Plastivision in 2021, emissions of greenhouse gases could increase by 61% if plastics are replaced with alternative materials and it can also boost lifecycle energy consumption by 57%.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of recycled plastics is evaluated at USD 60.39 billion.

The recycled plastics market size was over USD 56.38 billion in 2024 and is poised to exceed USD 170.8 billion by 2037, growing at over 8.9% CAGR during the forecast period i.e., between 2025-2037. Growing demand for recycled plastics in the construction industry will drive the market growth.

Asia Pacific industry is poised to dominate majority revenue share of 36% by 2037, influenced by inadequate collection of waste and growing population in the region.

The major players in the market are Alpek S.A.B. de C.V., Biffa, KW Plastics, Waste Connections, Cabka, Far Eastern New Century Corporation, Indorama Ventures Public Company Limited, Loop Industries, Inc., MBA Polymers Inc., Plastipak Holdings Inc., and others.

Recycled Plastics Market Size