The global market for plastic recycling is soaring, expected to exceed 59 billion USD by 2031.
The global plastic recycling market is on an upward trend, with sales reaching approximately \$27.9 billion in 2022. Current forecasts estimate that the market will experience significant growth, exceeding \$59.1 billion by 2031. This exceptional expansion is driven by a robust compound annual growth rate (CAGR) of 8.7% during the forecast period from 2023 to 2031. The rapid growth of the global plastic recycling market signifies its crucial role in addressing the plastic waste crisis and contributing to a more sustainable future. As plastic recycling technologies evolve and consumer demand for recycled products continues to rise, further market expansion is anticipated. For application methods, please check the [PDF download] button or apply directly through the related links.
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Overview of Segmentation: The segmentation of the global plastic recycling market focuses on products, sources, applications, and regions. By Product Polystyrene (PS) Polyethylene (PE) Polyethylene Terephthalate (PET) Polypropylene (PP) Polyvinyl Chloride (PVC) Others By Source Plastic Bottles Plastic Films Polymer Foams Others By Application Construction Packaging Electrical & Electronics Textiles Automotive Others Key Companies: Veolia Stericycle Covestro AG REMONDIS SE & Co. KG Shell International B.V. Clean Harbors Inc Berry Global Group Inc Republic Services Inc Waste Connections Inc Biffa
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