Global Plastic Recycling Services Market Size & Outlook
The global plastic recycling services market size was estimated at USD 12,422.1 million in 2024 and is projected to reach USD 24,000.4 million by 2030, growing at a CAGR of 11.8% from 2025 to 2030.
Revenue, 2024 (US$M)
$12,422.1
Forecast, 2030 (US$M)
$24,000.4
CAGR, 2025 - 2030
11.8%
Report Coverage
Worldwide
Global plastic recycling services market, 2018-2030 (US$M)
Related Markets
Global plastic recycling services market highlights
- The global plastic recycling services market generated a revenue of USD 12,422.1 million in 2024 and is expected to reach USD 24,000.4 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 11.8% by 2030.
- In terms of segment, mechanical recycling accounted for a revenue of USD 10,460.2 million in 2024.
- Chemical Recycling is the most lucrative process segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2024.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 12,422.1 million |
| Market revenue in 2030 | USD 24,000.4 million |
| Growth rate | 11.8% (CAGR from 2025 to 2030) |
| Largest segment | Mechanical recycling |
| Fastest growing segment | Chemical Recycling |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mechanical Recycling, Chemical Recycling |
Other key industry trends
- In terms of revenue, the North America accounted for 20.1% of the global plastic recycling services market in 2024.
- By country, the Canada is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 2,220.5 million by 2030.
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Plastic Recycling Services Market Scope
Plastic recycling services market segmentation & scope
Plastic Recycling Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| PELLENC Selective Technologies | View profile | 101-250 | Pertuis, Provence-Alpes-Cote d'Azur, France, Europe | http://www.pellencst.com/ |
| KW Plastics | View profile | 251-500 | Troy, Alabama, United States, North America | https://www.kwplastics.com |
| Banyan Nation | View profile | 101-250 | Hyderabad, Andhra Pradesh, India, Asia | http://www.banyannation.com/ |
| Deluxe Corp | View profile | 5170 | 801 South, Marquette Avenue, Minneapolis, MN, United States, 55402-2807 | https://www.deluxe.com |
| The Shakti Plastic Industries | View profile | - | Mumbai, Maharashtra, India, Asia | https://www.shaktiplasticinds.com/ |
| PureCycle Technologies Inc Ordinary Shares | View profile | 146 | 5950 Hazeltine National Drive, Suite 300, Orlando, FL, United States, 32822 | https://www.purecycle.com |
Global plastic recycling services market size, by regions, 2018-2030 (US$M)
Top 10 countries: Plastic recycling services market size, 2024 (US$M)
Global plastic recycling services market share, by process, 2024 & 2030 (%, US$M)
Plastic recycling services market: Opportunity assessment by country
Global plastic recycling services market, by region, 2024 (US$M)
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