Recycled Plastics Market Size To Reach $132.33 Billion By 2033

Recycled Plastics Market Growth & Trends

The global recycled plastics market size is estimated to reach USD 132.33 billion in 2033, registering a CAGR of 10.4% from 2026 to 2033, according to a new report by Grand View Research, Inc. Increasing environmental concerns, rapid urbanization & industrialization, and the rising need to reduce the carbon footprint in the manufacturing of virgin plastic resin are expected to drive the demand for recycled plastics over the forecast period. The demand for recycled plastics is expected to increase mainly in the packaging application, which includes packaging of processed food & beverages, medical, electronics, and various other products, owing to the growing number of COVID-19 positive cases.

The demand for medical & healthcare products has increased owing to the safety and hygiene required to tackle the pandemic situation. Amid the global COVID-19 pandemic, the demand for electrical & electronic products, such as laptops and mobiles, has increased as companies are following the work-from-home model and educational institutions have shifted from classroom learning to online classes. Thus, the growth in the demand for electrical & electronic products is expected to drive the market over the forecast period. The regional market of Asia Pacific is anticipated to register the fastest growth rate during the forecast period.

This growth can be attributed to various factors, such as the presence of supportive government initiatives like Make in India, Atmanirbhar Bharat (self-dependent India), rising number of manufacturers operating in the electrical & electronics, automotive, and textile industries, and increasing R&D investments by private as well as public organizations for the development of new applications for recycled plastics. In addition, various electronic products and automotive components manufacturing companies have started looking toward India for establishing their manufacturing facilities post-COVID-19 pandemic. This will also provide tremendous growth opportunities to the regional market in the years to come.

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Recycled Plastics Market Report Highlights

• The polyethylene segment led the market with the largest revenue share of 26.1% in 2025. This high share is attributable to the rising demand for packaging material in consumer goods, food & beverage, industrial, and various other industries.

• Based on source, the plastic bottles segment led the market with the largest revenue share of 74.34% in 2025. Plastic bottles are the major source of recycled products.

• In terms of application, the packaging segment led the market with the largest revenue share of 37.6% in 2025. The growth of the packaging industry in the region is driven by the high demand for building & construction products, consumer goods, and electrical & electronics, especially from China, India, and Southeast Asia.

• Asia Pacific dominated the recycled plastics market with a revenue share of over 48.27% in 2025. Asia Pacific is characterized by the growing packaging industry and technological advancements in the industry.

Recycled Plastics Market Segmentation

Grand View Research has segmented the global recycled plastics market report based on the product, source, application, and region:

Recycled Plastics Product Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Polyethylene

• Polyethylene Terephthalate

• Polypropylene

• Polyvinyl Chloride

• Polystyrene

• Other Products

Recycled Plastics Source Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Plastic Bottles

• Plastic Films

• Polymer Foam

• Other Sources

Recycled Plastics Application Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Building & Construction

• Packaging

• Electrical & Electronics

• Textiles

• Automotive

• Other Applications

Recycled Plastics Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • UK

  • Italy

• Asia Pacific

  • China

  • Japan

  • India

• Southeast Asia

  • Malaysia

  • Indonesia

  • Thailand

• Central & South America

  • Brazil

• Middle East & Africa

  • Saudi Arabia

List of Key Players in Recycled Plastics Market

• REMONDIS SE & Co. KG

• Biffa

• Stericycle

• Republic Services, Inc.

• WM Intellectual Property Holdings, L.L.C.

• Veolia

• Shell International B.V.

• Waste Connections

• CLEAN HARBORS, INC.

• Covestro AG