Recycled Plastic Resins Market expected to reach US$78.023 billion by 2030
Recycled Plastic Resins Market Trends & Forecast
As per Knowledge Sourcing Intelligence (KSI) latest report, the recycled plastic resins market is projected to grow at a CAGR of 6.98% to reach a market size of US$78.023 billion by 2030 from US$55.691 billion in 2025.
The emphasis on circular economy practices has created opportunities for the recycled plastic resins market growth, as materials are reused and recycled, which is boosting the adoption of recycled resins across different industries. In March 2024, Veolia and partners delved into the circular economy with a new plant to recycle plastics for food-grade applications in Japan. The plant could produce 25,000 tons of food-grade recycled PET resin per year, reducing 27,500 tons of CO2 emissions.
Introduction of Veolia’s know-how in Japan to improve the processing of low-grade used PET bottles. This accounts for more than 50% of the volumes generated in Japan of food-grade recycled PET resin. This plant meets brand owners’ increasing demand for the circular economy. Veolia is the world leader in recycled plastic, with 500,000 metric tons of plastic recycled by 2023.
In line with this, in 2022, recyclers in the United States recovered over five billion pounds of post-consumer plastic for recycling. Of this, 93.7% was acquired by North American reclaimers, while overseas exports declined to 6.3%. Despite a 1.4% decrease in total volumes recovered, equivalent to 71.2 million pounds, U.S. reclaimers increased their acquisition of domestically sourced post-consumer plastic by 21.4 million pounds compared to 2021, reaching a total of 4,307.8 million pounds, which accounted for 85.9% of the total recovered plastic.
Investments in chemical recycling can unlock new applications for recycled resins. In September 2024, PET REFINE TECHNOLOGY CO., LTD. (JEPLAN Group) announced the brand name “HELIX” for its recycled PET resin, produced with proprietary PET chemical recycling technology. In line with its announcement, PET REFINE TECHNOLOGY launched a website introducing products of major Japanese beverage and cosmetics companies that adopted the recycled PET resin HELIX. The company is looking into further domestic and global expansion of the recycled material adopted by major Japanese beverage and cosmetics companies.
Further, in June 2024, Dow announced the development and launch of its innovative REVOLOOP Recycled Plastics Resins. By 2030, Dow aimed to transform the Waste and commercialize three million metric tons of circular and renewable solutions annually. For achieving this, Dow expanded its efforts to advance sustainable packaging. Two new grades of REVOLOOP Plastics Resins are launched and are approved for non-food contact packaging applications. One contains 100% post-consumer recycled, and the second one is a formulated grade that contains up to 85% PCR derived from household waste.
➥ View a sample of the report or purchase the complete study at: Recycled Plastic Resins Market Report
Recycled Plastic Resins Market Report Highlights
- By end-user, the recycled plastic resins market is segmented into packaging, automotive, construction, electronics, and others. The packaging industry is a notable share of recycled plastic resins, driven by the demand for environmentally conscious packaging solutions. Further, in January 2025, PureCycle Technologies, Inc. announced the sale of 500,000 pounds of resin to Drake Extrusion Inc. This would be used for production of continuous filament yarns, which could be used to make items such as rugs, upholstery, and apparel.
- Asia Pacific will be the fastest-growing market during the forecast period, driven by huge population, industrialization and urbanization and investment in countries like China and India.
- North America is anticipated to see considerable growth, fueled by a continuous rise in demand, the plastics recycling industry’s total annual economic impact in the U.S. Is $6 billion the plastics recycling industry directly and indirectly offers nearly 30,000 jobs in the United States. Containers from food, beverages, and household products are a large part of the recycled plastics in the residential sector in the U.S. Further, the APR PCR Certification Program provides stronger accountability and transparency to prepare companies for requirements on recycled plastic resin for laws across North America.
Recycled Plastic Resins Market Segmentation
Knowledge Sourcing Intelligence has segmented the recycled plastic resins market based on product type, process, end-user, and region:
Recycled Plastic Resins Market, By Type
- Polyethylene Terephthalate (PET)
- High-Density Polyethylene (HDPE)
- Polypropylene (PP)
- Others
Recycled Plastic Resins Market, By Process
- Mechanical Recycling
- Chemical Recycling
- Others
Recycled Plastic Resins Market, By End-User
- Packaging
- Automotive
- Construction
- Electronics
- Others
Recycled Plastic Resins Market, By Region
- North America
- U.S.
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- UK
- Germany
- France
- Spain
- Others
- Middle East and Africa (MEA)
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Taiwan
- Others
Recycled Plastic Resins Market Key Players
- Veolia
- Suez
- Waste Management Inc.
- Republic Services
- DS Smith
- Biffa
- Clean Harbors
- Sims Metal Management
- Remondis
- Covanta
Report Coverage:
| Report Metric | Details |
| Growth Rate | CAGR of 6.98% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation | Type, Process, End-User, Geography |
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in the Recycled Plastic Resins Market | Veolia, Suez, Waste Management Inc., Republic Services, DS Smith |
| Customization Scope | Free report customization with purchase |
About Knowledge Sourcing Intelligence (KSI)
Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm headquartered in India. Backed by seasoned industry experts, we offer syndicated reports, customized research, and strategic consulting services. Our proprietary data analytics framework, combined with rigorous primary and secondary research, enables us to deliver high-quality insights that support informed decision-making. Our solutions empower businesses to gain a competitive edge in their markets. With deep expertise across ten key sectors, including ICT, Chemicals, Semiconductors, and Healthcare, we effectively address the diverse needs of our global clientele.
