Malaysia Recycled Plastics Market Size & Outlook, 2026-2033
Global Market
Related Markets
Malaysia recycled plastics market highlights
- The Malaysia recycled plastics market generated a revenue of USD 888.9 million in 2025 and is expected to reach USD 1,748.8 million by 2033.
- The Malaysia market is expected to grow at a CAGR of 9% from 2026 to 2033.
- In terms of segment, polypropylene was the largest revenue generating product in 2025.
- Polyethylene Terephthalate is the most lucrative product segment registering the fastest growth during the forecast period.
Recycled plastics market data book summary
| Market revenue in 2025 | USD 888.9 million |
| Market revenue in 2033 | USD 1,748.8 million |
| Growth rate | 9% (CAGR from 2026 to 2033) |
| Largest segment | Polypropylene |
| Fastest growing segment | Polyethylene Terephthalate |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene |
| Key market players worldwide | Rethmann AG & Co. KG, Biffa, Stericycle Inc, Republic Services Inc, Waste Management Inc, Veolia Environnement SA, Shell PLC, Waste Connections Inc, Clean Harbors Inc, Covestro AG |
Other key industry trends
- In terms of revenue, Malaysia accounted for 1.5% of the global recycled plastics market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China recycled plastics market is projected to lead the regional market in terms of revenue in 2033.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 34,214.8 million by 2033.
Domestic plastic waste and import of plastic waste have become a major problem for Malaysia. After the China ban on import of plastic waste, Malaysia became the plastic dumping ground for developing countries. In order to tackle this situation, the country has started working toward the framework of proper plastic recycling facilities.
The recycling rate of plastic waste in Malayasia has gone up from 10.7% in 2013 to 31.5% in 2021. The ministry of Economy Malaysia has the plans that includes aspirations for introducing integrated waste management facilities, controlling waste imports and exports, minimising single-use plastics and packaging materials. A 40% recycling rate target by 2025 has been set.
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Publish Date: Dec 12, 2025
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Recycled Plastics Market Scope
Recycled Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Covestro AG | View profile | 17,520 | Kaiser-Wilhelm-Allee 60, Leverkusen, NW, Germany, 51373 | www.covestro.com/en |
| Veolia Environnement SA | View profile | 218,288 | 30, rue Madeleine Vionnet, Aubervilliers, France, 93300 | www.veolia.com |
| Shell PLC | View profile | 100,000 | Shell Centre, London, United Kingdom, SE1 7NA | www.shell.com |
| Waste Management Inc | View profile | 48,000 | 800 Capitol Street, Suite 3000, Houston, TX, United States, 77002 | www.wm.com |
| Clean Harbors Inc | View profile | 21,539 | 42 Longwater Drive, Norwell, MA, United States, 02061-9149 | www.cleanharbors.com |
| Republic Services Inc | View profile | 41,000 | 18500 North Allied Way, Phoenix, AZ, United States, 85054 | www.republicservices.com |
| Rethmann AG & Co. KG | View profile | 251-500 | Selm, Nordrhein-Westfalen, Germany, Europe | www.rethmann-gruppe.de |
| Biffa | View profile | 5001-10000 | High Wycombe, Buckinghamshire, United Kingdom, Europe | www.biffa.co.uk |
| Waste Connections Inc | View profile | 22,539 | 6220 Highway 7, Suite 600, Woodbridge, Vaughan, ON, Canada, L4H 4G3 | www.wasteconnections.com |
| Stericycle Inc | View profile | 13,500 | 2355 Waukegan Road, Bannockburn, IL, United States, 60015 | www.stericycle.com |
Malaysia Recycled Plastics Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Recycled Plastics Market Outlook will help companies and investors design strategic landscapes.
Polypropylene was the largest segment with a revenue share of 38.24% in 2025.
Horizon Databook has segmented the Malaysia recycled plastics market based on polyethylene, polyethylene terephthalate, polypropylene, polyvinyl chloride, polystyrene covering the revenue growth of each sub-segment from 2021 to 2033.
Domestic plastic waste and import of plastic waste have become a major problem for Malaysia. After the China ban on import of plastic waste, Malaysia became the plastic dumping ground for developing countries. In order to tackle this situation, the country has started working toward the framework of proper plastic recycling facilities.
The recycling rate of plastic waste in Malayasia has gone up from 10.7% in 2013 to 31.5% in 2021. The ministry of Economy Malaysia has the plans that includes aspirations for introducing integrated waste management facilities, controlling waste imports and exports, minimising single-use plastics and packaging materials. A 40% recycling rate target by 2025 has been set.
- Malaysia Recycled Plastics Market Product Outlook (Revenue, USD Million , 2021-2033)
- Polyethylene
- Polyethylene Terephthalate
- Polypropylene
- Polyvinyl Chloride
- Polystyrene
- Others
- Malaysia Recycled Plastics Market Source Outlook (Revenue, USD Million , 2021-2033)
- Plastic Bottles
- Plastic Films
- Polymer Foam
- Others
- Malaysia Recycled Plastics Market Application Outlook (Revenue, USD Million , 2021-2033)
- Building & Construction
- Packaging
- Electrical & Electronics
- Textiles
- Automotive
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Malaysia Recycled Plastics Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Malaysia Recycled Plastics Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Malaysia Recycled Plastics Market, 2021-2033 (US$M)
Malaysia recycled plastics market statistics, by product, 2021-2033 (US$M)
