Recycled Plastics Market Share by Type and Application

Anuja Patil03 Jul, 2025Business

Report Overview: The global Recycled plastics market is projected to grow from approximately USD 52.7 billion in 2023 to nearly USD 114.8 billion by 2033, reflecting a compound annual growth rate (CAGR) of 8.1% over the forecast period. This growth is driven by rising environmental awareness, regulatory pressure to reduce plastic waste, and increasing use of recycled materials across packaging, automotive, and construction industries. Polyethylene Terephthalate leads the pack accounting for about 29.3% of the recycled plastics market, primarily due to its extensive use in beverage bottles. Other plastic types such as HDPE, PP, and PVC are also seeing strong recycled demand, with HDPE predicted to grow fastest thanks to its durability. The rapid rise of e-commerce and online sales is contributing to demand for packaging materials, further driving this market forward.