Global Recycled Thermoplastic Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Bio-degradable and Non-biodegradable.

By Form;

Flakes and Granules.

By Technology;

Extrusion, Injection Molding, Blow Molding, Film Molding and Others.

By Product;

Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS), Polyvinyl Chloride (PVC), Others (polyarylsulfone, polycarbonate, and Poly Methyl Methacrylate.

By Application;

Packaging, Automotive & Transportation, Building & Construction, Electrical & Electronics, Agriculture & Horticulture, Furniture & Housewares, Medical, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn902743462 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Recycled Thermoplastic Market (USD Million), 2021 - 2031

In the year 2024, the Global Recycled Thermoplastic Market was valued at USD 82,701.77 million. The size of this market is expected to increase to USD 156,103.86 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.5%.

The global recycled thermoplastic market has emerged as a critical sector within the broader landscape of sustainable materials and circular economy initiatives. Thermoplastics, widely used in industries ranging from packaging to automotive manufacturing, traditionally rely heavily on virgin materials derived from fossil fuels. However, increasing environmental awareness and regulatory pressures have spurred significant interest in recycled thermoplastics as viable alternatives.

Recycled thermoplastics are derived from post-consumer or post-industrial waste, undergoing processes such as sorting, cleaning, shredding, and reprocessing to attain material properties comparable to virgin plastics. This transformation not only reduces reliance on finite resources but also mitigates environmental impacts associated with plastic waste disposal and production.

Key drivers propelling the growth of the global recycled thermoplastic market include stringent government regulations aimed at reducing plastic waste, corporate sustainability goals, and consumer preferences for eco-friendly products. These factors have prompted industries to integrate recycled materials into their supply chains, fostering a more sustainable approach to manufacturing without compromising on product quality or performance.

The market's expansion is further bolstered by technological advancements in recycling processes, enhancing the efficiency and scalability of converting waste plastics into high-quality recycled thermoplastics. Innovations in sorting technologies, mechanical recycling methods, and chemical treatments contribute to widening the scope of recyclable plastic types and improving material purity.

Geographically, North America and Europe have been at the forefront of adopting recycled thermoplastics, driven by robust regulatory frameworks and a strong emphasis on environmental stewardship. However, emerging economies in Asia-Pacific are increasingly recognizing the economic and environmental benefits of recycled plastics, contributing to the market's global diversification.

Challenges remain, including the need for continued investment in recycling infrastructure, overcoming technical limitations in processing certain types of plastics, and ensuring consistent quality standards across recycled materials. Addressing these challenges requires collaborative efforts among governments, industries, and research institutions to foster innovation and streamline recycling practices.

The global recycled thermoplastic market is poised for sustained growth as stakeholders across sectors intensify efforts to achieve circular economy goals and reduce carbon footprints. With ongoing advancements in technology and increasing consumer awareness, recycled thermoplastics are poised to play an increasingly pivotal role in shaping a more sustainable future for plastic use worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Form
    3. Market Snapshot, By Technology
    4. Market Snapshot, By Product
    5. Market Snapshot, By Application
    6. Market Snapshot, By Region
  4. Global Recycled Thermoplastic Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Environmental regulations

        2. Increasing demand for recycled materials

        3. Cost-effectiveness compared to virgin plastics

        4. Corporate sustainability initiatives

      2. Restraints
        1. Quality variability of recycled thermoplastics

        2. Lack of collection infrastructure in certain regions

        3. Initial high investment costs in recycling facilities

        4. Limited availability of consistent feedstock

      3. Opportunities
        1. Development of new recycling technologies

        2. Expansion of recycling infrastructure globally

        3. Collaboration across the value chain

        4. Innovation in product design for recyclability

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Recycled Thermoplastic Market, By Type, 2021 - 2031 (USD Million)
      1. Bio-degradable
      2. Non-biodegradable
    2. Global Recycled Thermoplastic Market,By Form, 2021 - 2031 (USD Million)
      1. Flakes
      2. Granules
    3. Global Recycled Thermoplastic Market,By Technology, 2021 - 2031 (USD Million)
      1. Extrusion
      2. Injection Molding
      3. Blow Molding
      4. Film Molding
      5. Others
    4. Global Recycled Thermoplastic Market, By Product 2021 - 2031 (USD Million)
      1. Polyethylene (PE)
      2. Polyethylene terephthalate (PET)
      3. Polypropylene (PP)
      4. Polystyrene (PS)
      5. Polyvinyl chloride (PVC)
      6. Others
    5. Global Recycled Thermoplastic Market, By Application,2021 - 2031 (USD Million)
      1. Packaging
      2. Automotive & transportation
      3. Building & construction
      4. Electrical & electronics
      5. Agriculture & horticulture
      6. Furniture & housewares
      7. Medical
      8. Others
    6. Global Recycled Thermoplastic Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea ASEAN (Association of South East Asian Countries)
        6. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Veolia
      2. KW Plastics
      3. B&B Plastics
      4. Clear Path Recycling
      5. Plastipak Holdings
      6. PARC corporation
      7. United plastic recycling
      8. APC recycling
      9. Maine plastics incorporation
      10. Suez
      11. Fresh Pak Corporation
  7. Analyst Views
  8. Future Outlook of the Market