• – Mounting concern of worldwide plastic waste problem due to swelling plastics discarded in oceans has gravitated governments in developing and developed world to improve waste collection and sorting systems
  • – Plastic recycling market to spawn opportunities worth of US$60 Bn by 2020, Rapidly growing demand for products made of recycled PET and HDPE spurs growth


Transparency Market Research, New York – Overview of Plastic Recycling Market

Worldwide prevalence of plastic trash is a deeply pressing environmental concern for the world, creating a groundswell of interest in their sorting and collection systems, and adoption of new plastic recycling technologies. An exponential rise in plastic pollutions has proportionally compounded the problem and caused businesses across industries to play an active role in plastic recycling value chain. A huge portion of the trash comes from plastic packaging industry.

Europe is at the forefront of plastic recyclers, with the region accounting for sizable volumes of plastic scrap export to other regions for recycling.

Analysts at TMR project the plastic recycling market to expand at CAGR of 6.8% during 2019 and 2027, and thereby reach a worth of US$60 Bn by the end of 2027.

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Key Findings of Plastic Recycling Report

  • – Polyethylene Terephthalate (PET) and High Density Polyethylene (HDPE) are generating sizable revenue scope to stakeholders in market
  • – The global plastic recycling market stood at US$34 Bn in 2019
  • – Geographically, Asia Pacific led the market in 2018
  • – Opportunities in Europe have been rising at remarkable pace
  • – Plastic recycling market features a largely fragmented landscape due to large number of players of all sizes


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Plastic Recycling Market: Key Driving Factors and Promising Avenues

Glaring facts and figures about plastic pollution have spurred the concerns of policy makers and industry players around the world, shaping the growth dynamics of the plastic recycling market. A key driver is thus the burgeoning volumes of plastics being discarded.

  • – Plastics production has surged from 2.3 million tons in 1950 to 448 million tons by 2015, according to a report published in the Science Journal. This is expected to double by 2050.
  • – Every year, 8 million tons of plastic waste end up into the oceans in coastal countries.
  • – According to marine researchers, a huge proportion of the plastics in water bodies breaks down into microplastics. These microplastics are found to leach into municipal drinking water, causing the concern.
  • – Further, microplastics cause huge damage to wildlife. All these fuel the concerns of environmentalists and industry stakeholders in the plastic recycling market.
  • – Vast strides made by the plastic packaging industry have also resulted in the surge in plastics discarded around the world, stirring the demand for better sorting and recycling infrastructure around the world.
  • – Growing use of recycled plastics in consumer goods is a robust driver for the expansion of the plastic recycling market.


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Plastic Recycling Market: Competitive Assessment

  • – Stakeholders across the value chain are striving to increase the rate of recycling, thereby boosting the outlook of the plastic recycling market.
  • – End-use industries try to obtain recycled plastics at low price. As a result, consumers will prefer recycled plastics-based products over virgin plastics.
  • – Top players are relentlessly focusing on reducing the cost of recycling. They are also seeking revenue potential in untapped regions such as in emerging economies by entering into strategic collaborations.
  • – Some of the promising players in the plastic recycling market are Plasgran Ltd., Envisison Plastics, and Kuusakoski Oy.


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Plastic Recycling Market: Geographical Assessment

On the regional front, Asia Pacific has been a hugely lucrative market in recent years. The dynamics is shaped by family-owned small scale recyclers. Developed regions are increasingly recycling their plastic waste to Asian nations, motivated by relaxed regulations prevalent there. A large part of the demand for plastic scraps comes from China that has robust recycling infrastructure. Growing expertise of businesses in plastic waste management has also spurred revenues in the Asia Pacific plastic recycling market.

Europe has been cynosure of attention for recycling companies. The high recycling rate in Germany is one of the accelerators of growth.

On the other hand, Scandinavian nations have set remarkable example in adopting practical and economical plastic recycling practices.

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The Plastic Recycling Market can be segmented as follows:


  • – Polyethylene Terephthalate [PET]
  • – Polypropylene [PP]
  • – High Density Polyethylene [HDPE]
  • – Low Density Polyethylene [LDPE]
  • – Polystyrene [PS]
  • – Polyvinyl Chloride [PVC]
  • – Others (ABS, Nylon, Polycarbonate, etc.)



  • – Packaging
    • – Food Contact
    • – Non-food Contact
  • – Automotive
  • – Construction
  • – Textiles
  • – Others (Industrial, Consumer Goods, etc.)



  • – North America
    • – U.S.
    • – Canada
  • – Europe
    • – Germany
    • – France
    • – U.K.
    • – Italy
    • – Spain
    • – Russia & CIS
    • – Rest of Europe
  • – Asia Pacific
    • – China
    • – Japan
    • – India
    • – ASEAN
    • – Rest of Asia Pacific
  • Latin America
    • – Brazil
    • – Mexico
    • – Rest of Latin America
  • – Middle East & Africa
    • – GCC
    • – South Africa
    • – Rest of Middle East & Africa


Explore Transparency Market Research’s award-winning coverage of the global Chemicals and Materials Industry:-

Plastic Compounding Market:- Prominent players operating in the global plastic compounding market are BASF SE, RTP Company, Ravago Group, SABIC, LyondellBasell Industries Holdings B.V., DowDuPont Inc., Mexichem Specialty Compounds Inc. (Mexichem S.A.B. de C.V.), Coperion GmbH, Adell Plastics, Inc, Sojitz Corporation, Polyvisions Inc, Celanese Corporation, Covestro AG, Teknor Apex, Trinseo LLC, Asahi Kasei Corporation, Mitsui Chemicals, Inc., KRATON CORPORATION, Kuraray America, Inc., and KRAIBURG.

Injection Molded Plastics Market: – The global Injection Molded Plastics market is highly fragmented with presence of large numbers of unorganized players especially in Asia Pacific. Some of the major players include BASF SE, DowDupont, LyondellBasell, SABIC, Huntsman International, Exxon Mobil Corporation, Ineous and others.

Linear Low-density Polyethylene Market:- The prominent players in the global linear low density polyethylene market include Saudi Basic Industries Corporation (SABIC), ExxonMobil Corporation, China Petroleum & Chemical Corporation (SINOPEC), Reliance Industries Limited, Westlake, and DowDuPont. The competition in the market is high due to the presence of many players including small sized companies across the globe.

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