세계의 플라스틱 재활용 시장 예측(-2032년) : 플라스틱 유형별, 재활용 방법별, 재활용 기술별, 최종사용자별, 지역별 분석

According to Stratistics MRC, the Global Plastic Recycling Market is accounted for $51.05 billion in 2025 and is expected to reach $93.93 billion by 2032 growing at a CAGR of 9.1% during the forecast period. Plastic recycling refers to the method of processing discarded plastic materials to produce new, usable products, thereby minimizing environmental damage and conserving natural resources. The process typically includes collecting, sorting, cleaning, and transforming plastics into items like packaging, containers, and building materials. By recycling plastics, the amount of waste directed to landfills decreases, while the reliance on virgin materials such as petroleum is reduced. Technological advancements have enhanced recycling efficiency, allowing various types of plastics to be converted into valuable products. Encouraging public awareness and developing comprehensive recycling systems are crucial steps to optimize plastic recycling and promote sustainable environmental practices globally.

According to the India Plastics Pact Annual Report 2022-23, over 9.4 million tonnes of plastic were consumed in India in 2021-22, of which only 60% was collected and processed. The Pact aims to make 100% of plastic packaging reusable, recyclable, or compostable by 2030.

Market Dynamics:

Driver:

Government policies and regulations

Policies and regulations from governments significantly influence the growth of the plastic recycling market. Numerous nations have enforced strict measures governing plastic consumption, disposal, and recycling to reduce environmental hazards. Incentives, financial support, and penalties for non-compliance encourage companies to adopt effective recycling practices. Extended Producer Responsibility (EPR) frameworks compel manufacturers to manage the post-use lifecycle of plastic products. Furthermore, government-backed recycling initiatives, awareness programs, and investments in infrastructure strengthen the recycling network. Collectively, these measures motivate both businesses and consumers to engage in recycling activities, driving the demand for innovative recycling technologies and fostering sustainable waste management practices across the global market.

Restraint:

High operational costs

Elevated operational expenses pose a major challenge to the plastic recycling industry. Collecting, sorting, cleaning, and converting plastic into reusable products involves significant investment in machinery, technology, and skilled labor. Cutting-edge processes such as chemical recycling or AI-driven sorting systems require heavy capital investment, which may deter smaller businesses. Furthermore, energy-intensive operations and the upkeep of advanced equipment further add to costs. These financial pressures lower profit margins for recycling companies and hinder market expansion. Consequently, many potential entrants are reluctant to invest, restricting the adoption of innovative recycling technologies and slowing the development of recycling infrastructure across both developed and developing regions.

Opportunity:

Growing demand for sustainable packaging

Increasing worldwide demand for environmentally friendly packaging creates a major growth opportunity for the plastic recycling sector. Industries in food, beverage, and consumer products are progressively incorporating recycled plastics to satisfy consumer preferences for sustainable goods. Regulatory authorities and governments are supporting this shift by offering incentives and implementing policies promoting recycled material usage. The global move toward circular economy models, which emphasize material reuse and recycling, further strengthens market prospects. By providing high-quality recycled plastics for packaging applications, recycling companies can access a growing market while advancing sustainability goals. This trend encourages innovation and offers considerable growth potential in the global plastic recycling industry.

Threat:

Fluctuating prices of recycled plastics

Instability in recycled plastic prices is a significant challenge for the plastic recycling industry. The cost of recycled materials often depends on crude oil prices, with virgin plastics becoming cheaper when oil prices decline. This reduces the competitiveness of recycled plastics, lowering demand and affecting recycling profit margins. Price fluctuations also discourage investments in recycling technologies and infrastructure, slowing sector growth. Companies that rely on recycled plastics face uncertainty in procurement and budgeting. Additionally, unstable prices can disrupt long-term supply agreements and contracts. Therefore, recyclers must manage financial risks, market volatility, and competitive challenges, which may impede the steady growth and expansion of the global plastic recycling market.

Covid-19 Impact:

The COVID-19 crisis had a major effect on the plastic recycling industry, disrupting supply chains, workforce availability, and waste management operations. Lockdowns and restricted movement reduced industrial production, leading to a decline in recyclable plastic generation from commercial sectors. Safety concerns hindered waste collection and transport, while many recycling plants faced temporary shutdowns or operated at lower capacity. Simultaneously, the surge in single-use plastics for healthcare and packaging shifted attention away from recycling. Economic uncertainty and decreased investments slowed technological advancement in recycling. Nonetheless, the pandemic underscored the need for effective waste management, prompting governments and industries to enhance recycling programs and infrastructure during the post-pandemic recovery period.

The polyethylene terephthalate (PET) segment is expected to be the largest during the forecast period

The polyethylene terephthalate (PET) segment is expected to account for the largest market share during the forecast period due to its extensive use in products like drink bottles, food packaging, and textiles, resulting in substantial recyclable waste. Its molecular composition facilitates efficient mechanical recycling, enhancing economic feasibility. The recycling process includes steps like cleaning, shredding, and transforming PET into new items such as fibers, containers, and packaging materials. The increasing consumer preference for recycled PET (rPET) across various industries boosts its demand. Moreover, supportive regulations and heightened environmental consciousness play a significant role in reinforcing the leading position of the PET recycling segment in the global market.

The packaging segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the packaging segment is predicted to witness the highest growth rate. This surge is attributed to heightened consumer preference for environmentally friendly packaging and stricter regulations advocating the use of recycled content. Companies are increasingly incorporating recycled plastics to achieve sustainability objectives and minimize environmental impact. Advancements in recycling technologies have improved the quality and cost-effectiveness of recycled materials, facilitating their use in packaging. The expansion of online retail and the demand for sustainable packaging solutions further fuel the growth of this segment. Consequently, the packaging industry is at the forefront of the plastic recycling market's expansion.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share due to its rapid industrial growth, urban expansion, and escalating plastic usage in nations such as China and India. The extensive manufacturing activities in these countries produce large volumes of plastic waste, fueling the need for efficient recycling solutions. Supportive government policies and initiatives aimed at enhancing recycling practices and sustainability further accelerate market development. Moreover, the burgeoning e-commerce and consumer goods sectors in the region generate substantial amounts of recyclable plastic materials. Collectively, these elements establish Asia-Pacific as the dominant force in the plastic recycling industry, characterized by significant investments in recycling infrastructure and technological advancements.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR. This rapid expansion is attributed to robust governmental policies enforcing recycling standards, an increase in corporate sustainability initiatives, and a surge in the use of recycled plastics across industries such as packaging, automotive, and construction. The region's emphasis on minimizing landfill waste and fostering circular economy models, coupled with a growing consumer demand for sustainable packaging solutions, is propelling the market's advancement. These combined elements position North America at the forefront of the plastic recycling market's accelerated growth.

Key players in the market

Some of the key players in Plastic Recycling Market include Veolia Environnement S.A., Suez Environment S.A., Waste Management, Inc., Republic Services, Inc., Stericycle, Inc., Clean Harbors, Inc., Biffa Group Limited, Remondis SE & Co. Kg, DS Smith Plc, PLASTIC ENERGY Limited, KW Plastics, MBA Polymers, CarbonLITE Industries LLC, Indorama Ventures Public Company Limited and TerraCycle.

Key Developments:

In September 2025, Republic Services and the International Brotherhood of Teamsters Local 25 have come to a five-year labor agreement, ending a monthslong strike in the Boston area. The deal is expected to restore full service to more than a dozen municipalities, some of which have taken Republic to court over missed pickups.

In May 2025, Veolia Environnement SA has announced the completion of its acquisition of the remaining 30% stake in Water Technologies and Solutions (WTS), formerly GE Water, for $1.75bn. This transaction with the Caisse de depot et placement du Quebec (CDPQ) gives the French group full ownership of the entity, which specialises in industrial water treatment technologies.

In July 2024, Clean Harbors Inc has entered into a significant financial agreement, expanding its borrowing capacity. On Monday, the company, along with its Canadian subsidiary, inked a seventh amended and restated credit agreement with Bank of America, N.A. and other lenders. The new agreement, which amends a prior credit arrangement from October 28, 2020, increases the revolving credit facility to $600 million.

Plastic Types Covered:

• PET (Polyethylene Terephthalate)
• HDPE (High-Density Polyethylene)
• LDPE (Low-Density Polyethylene)
• PP (Polypropylene)
• PS (Polystyrene)
• PVC (Polyvinyl Chloride)
• Other Plastic Types

Recycling Methodologies Covered:

• Mechanical Recycling
• Chemical Recycling
• Energy Recovery

Recycling Technologies Covered:

• Basic Sorting & Shredding Systems
• Advanced Polymer Separation
• Depolymerization & Pyrolysis Units
• Gasification & Energy Conversion Systems

End Users Covered:

• Packaging
• Construction
• Automotive
• Textiles
• Electronics
• Consumer Goods

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Plastic Recycling Market, By Plastic Type

• 5.1 Introduction
• 5.2 PET (Polyethylene Terephthalate)
• 5.3 HDPE (High-Density Polyethylene)
• 5.4 LDPE (Low-Density Polyethylene)
• 5.5 PP (Polypropylene)
• 5.6 PS (Polystyrene)
• 5.7 PVC (Polyvinyl Chloride)
• 5.8 Other Plastic Types

6 Global Plastic Recycling Market, By Recycling Methodology

• 6.1 Introduction
• 6.2 Mechanical Recycling
• 6.3 Chemical Recycling
• 6.4 Energy Recovery

7 Global Plastic Recycling Market, By Recycling Technology

• 7.1 Introduction
• 7.2 Basic Sorting & Shredding Systems
• 7.3 Advanced Polymer Separation
• 7.4 Depolymerization & Pyrolysis Units
• 7.5 Gasification & Energy Conversion Systems

8 Global Plastic Recycling Market, By End User

• 8.1 Introduction
• 8.2 Packaging
• 8.3 Construction
• 8.4 Automotive
• 8.5 Textiles
• 8.6 Electronics
• 8.7 Consumer Goods

9 Global Plastic Recycling Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Veolia Environnement S.A.
• 11.2 Suez Environment S.A.
• 11.3 Waste Management, Inc.
• 11.4 Republic Services, Inc.
• 11.5 Stericycle, Inc.
• 11.6 Clean Harbors, Inc.
• 11.7 Biffa Group Limited
• 11.8 Remondis SE & Co. Kg
• 11.9 DS Smith Plc
• 11.10 PLASTIC ENERGY Limited
• 11.11 KW Plastics
• 11.12 MBA Polymers
• 11.13 CarbonLITE Industries LLC
• 11.14 Indorama Ventures Public Company Limited
• 11.15 TerraCycle