Recycled Plastic Market to Grow With 8.5% CAGR Through 2030, says P&S Intelligence

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Key Findings of Recycled Plastic Market Report

In the coming years, the highest market CAGR will be witnessed in Europe, which is taking concrete pledges to reduce its plastic waste. As per Plastics Europe, of the around 29.5 million tonnes of plastic waste collected in EU+27 in 2020, 34.6% was sent for recycling. Moreover, China, once the major importer of such waste from Europe and North America, banned the inflow of certain kinds of plastic waste in 2017 under its National Sword Policy, which has made it imperative for the waste to be reprocessed at the source itself.

Browse detailed report on Global Recycled Plastic Market Size, Recent Developments, and Growth Forecast Report

Therefore, the recycled plastic market players in Europe and all other regions and countries are expanding their reprocessing capacities and acquiring sourcing, sorting, and recycling firms. For instance, Mura Technology constructed a recycling plant that uses chemicals for the process in May 2021 in Teesside, England. Similarly, MOL Group agreed to acquire recycled plastic compounder Aurora in April 2019.

Recycled Plastic Market Size Breakdown by Segments

By Source

By Type

By Industry

Regional Analysis

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