Recycled Plastics Market Report Scope & Overview:

The Recycled Plastics Market Size was valued at USD 32.31 billion in 2022, and is expected to reach USD 65.33 billion by 2030, and grow at a CAGR of  9.2 % over the forecast period 2023-2030. Because the general population is becoming more aware of environmental issues, the Recycled Plastic sector is quickly gaining traction. Plastic recycling is spreading over the world thanks to government restrictions and protection standards. The loss of natural resources as a result of heavy use and dumping of plastics in the ocean is putting a lot of strain on the environment.

Recycled Plastics Market

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Market Dynamics:


  • Environmental protection

  • Increasing demands of Recycled Plastic

  • Rise in plastic trash

  • Government support for Recycling Plastic


  • Manufacturing costs have an impact on the pricing of recycled plastics.


  • Recycled plastic is being used more frequently.

  • Manufacturers' demands have increased.

  • Techniques for reprocessing and recycling have changed.


  • Ban on its scrap imports.

  • Increased need for more efficient and advanced recycling technologies and innovations.

Impact of COVID-19:

The latest coronavirus (COVID-19) pandemic started in Wuhan, China, and has now spread to every major economy on the planet. European countries such as Italy, Spain, France, and Germany; North American countries such as the United States; Asia Pacific countries such as China, India, South Korea, Taiwan; Australia; and Middle Eastern countries such as Saudi Arabia and the United Arab Emirates are among the worst-affected economies. Because the majority of recycled plastic services, solutions, and product providers are headquartered in these countries, COVID-19 has had an impact on the recycled plastic market.

As a result of the increase in at-home deliveries as a result of social distance, the packaging rate has increased. The recycling market is drying up as a result of statewide lockdowns, and informal waste pickers, who play an important role in waste management, have been unable to supply recyclers with raw materials or locate recyclers prepared to buy their goods.

Market Segmentation:

By Source

  • Bottles

  • Films

  • Fibers

  • Foams

  • Others

By Type

By End-use Industry

  • Packaging

  • Building & Construction

  • Textile

  • Automotive

  • Electrical & Electronics

  • Others

Recycled Plastics Market

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Regional Analysis:

Since 2018, the Asia-Pacific region has dominated the plastic recycling market. This is because the number of small enterprises is increasing, as is their relevance in the market. Furthermore, the region imports and recycles waste plastic, as well as converting it for important applications. The availability of low-cost labour and significant industrial locations in nations such as China are seen as major drivers of the region's plastic recycling industry growth. The Asia-Pacific region's overall growth of the plastic recycling sector is being influenced by the region's heavy use of automobile industries and industrialization.

European countries, on the other hand, are experiencing a faster development rate in the plastic recycling business as a result of the constraints and rigorous regulations governing plastic waste. According to figures from European countries, about 4.4 million tonnes of plastic garbage is generated each year in Europe, with landfills becoming landfills over time. As a result of these charges, the European government has increased its recycling efforts and increased awareness among industrial sectors.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players:

Dart Container Corporation, B & B Plastics Inc., Plasgran Ltd., Custom Polymer, Inc., Viridor Waste Management Ltd., KW Plastics, Dart Container Corporation, Kuusakoski Recycling Ltd., Centrifore Products Ltd., CarbonLite Industries LLC, Dart Container Corporation, and other players.

Dart Container Corporation-Company Financial Analysis

Recycled Plastics Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 32.31 Billion
Market Size by 2030 US$ 65.33 Billion
CAGR CAGR of 9.2% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Source (Bottles, Films, Fibers, Foams, Others)
• By Type (PET, PE, PVC, PP, PS, Others)
• By End-use Industry (Packaging, Building & Construction, Textile, Automotive, Electrical & Electronics, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Dart Container Corporation, B & B Plastics Inc., Plasgran Ltd., Custom Polymer, Inc., Viridor Waste Management Ltd., KW Plastics, Dart Container Corporation, Kuusakoski Recycling Ltd., Centrifore Products Ltd., CarbonLite Industries LLC, Dart Container Corporation, and other players.
DRIVERS • Environmental protection
• Increasing demands of Recycled Plastic
• Rise in plastic trash
Restraints • Manufacturing costs have an impact on the pricing of recycled plastics.

Frequently Asked Questions

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.


Ans: Dart Container Corporation, B & B Plastics Inc., Plasgran Ltd., Custom Polymer, Inc., Viridor Waste Management Ltd., KW Plastics, Dart Container Corporation, Kuusakoski Recycling Ltd., Centrifore Products Ltd., CarbonLite Industries LLC and Dart Container Corporation.


Ans: Packaging, Building & Construction, Textile, Automotive, Electrical & Electronics and Others are the sub-segments of by end user segment.


Ans: Recycled plastic is being used more frequently, Manufacturers' demands have increased and Techniques for reprocessing and recycling have changed are the opportunity for Recycled Plastics Market.

Ans: Recycled Plastics Market Size was valued at USD 29.59 billion in 2021, and expected to reach USD 54.79 billion by 2028, and grow at a CAGR of  9.2 % over the forecast period 2022-2028. 


Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8.Recycled Plastics Market Segment, By Source

8.1 Bottles

8.2 Films

8.3 Fibers

8.4 Foams

8.5 Others

9.Recycled Plastics Market Segment, By Type

9.1 Polyethylene Terephthalate (PET)

9.2 Polyethylene (PE)

9.3 Polyvinyl Chloride (PVC)

9.4 Polypropylene (PP)

9.5 Polystyrene (PS)

9.6 Others

10.Recycled Plastics Market Segment, By End-use Industry

10.1 Packaging

10.2 Building & Construction

10.3 Textile

10.4 Automotive

10.5 Electrical & Electronics

10.6 Others

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company Profile

12.1 Dart Container Corporation

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 B & B Plastics Inc.

12.3 Plasgran Ltd.

12.4 Custom Polymer, Inc.

12.5 Viridor Waste Management Ltd.

12.6 KW Plastics

12.7 Dart Container Corporation

12.8 Kuusakoski Recycling Ltd.

12.9 Centrifore Products Ltd.

12.10 CarbonLite Industries LLC

12.11 Dart Container Corporation

13. Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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Data Bank Validation

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