The Global Recycled Plastics Market is projected to grow from USD 61.99 billion in 2026 to USD 106.78 billion by 2033, at a CAGR of 8.1 % during the forecast period. The report delivers a comprehensive analysis of recycled plastics market size, share, growth trends, competitive landscape, and future outlook from 2026 to 2033. The growing demand for the use of recovered plastics to control the rising plastic pollution levels has spurred the consumption of recycled plastics. Since recycled plastics conserve more of the expended energy than virgin plastics, these are employed in most of the major end-use industries, including packaging, textiles, building & construction, automotive, and electrical & electronics.
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The fibers segment, by source, is expected to be the second-fastest growing market during the forecast period.
The fibers segment is projected to register the second-highest CAGR in the overall recycled plastics market during the forecast period. Used fibrous materials and clothing scraps are recycled into new raw materials and are used in many industries, such as automotive, furniture, mattress, coarse yarn, home furnishings, and paper.
The polyethylene terephthalate (PET) segment is expected to be the largest plastic type in the overall market during the forecast period.
The polyethylene terephthalate (PET) segment is projected to account for the largest share of the overall recycled plastics market owing to its widespread applications. PET can be recovered and recycled repeatedly and remelted to produce new PET products. It is usually recycled into fashion products such as polar fleece clothes, backpacks, and carpets, along with food & beverage, building & construction, and packaging applications.
Europe is the second-largest region in the recycled plastics market.
The major factors contributing to the growth of recycled plastics in Europe include the EU restrictions on single-use plastics since 2019, increased venture capital funding, and initiatives undertaken by government bodies to encourage the adoption of recycled plastics across Europe.
Recycled Plastics Companies
Some of the leading players in this market include Alpek (Mexico), Biffa (UK), Far Eastern New Century Corporation (Taiwan), Indorama Ventures (Thailand), Jayplas (UK), Loop Industries, Inc. (Canada), MBA Polymers Inc. (US), Plastipak Holdings, Inc. (US), Republic Services (US), Veolia (France), and others.
Veolia (France)
Veolia operates as one of the top environmental management service providers worldwide through its various business activities, which include water management, waste management, and energy service operations. The company operates its recycled plastics business through the waste division while handling municipal and industrial waste through its collection, treatment, and recycling operations. The company processes various plastic materials, such as HDPE, LDPE, PET, PP, PS, PVC, PC, and PA. The company operates its business activities in more than 40 countries, which extend across five continents: Europe, Asia Pacific, South America, Africa, and North America.
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Indorama Ventures Public Company Limited (Thailand)
Indorama Ventures is one of the largest sustainable chemical companies across the world. Its products and services are provided to several industries that serve common consumer needs in hygiene, improved lifestyles, and safety. Indorama Ventures entered the recycling business in 2011. It transforms post-consumer PET bottles into flakes, recycled PET resins, and recycled polyester yarns. Indorama Ventures comprises more than 140 manufacturing units. It has presence in more than 30 countries in regions such as Asia Pacific, the Americas, Europe, and Africa, which provides it a competitive edge over its competitors.
Far Eastern New Century Corporation (Taiwan)
Far Eastern New Century Corporation, known as FENC, is a manufacturer of textile materials and PET bottle & sheets. The company produces rPET through its fine-mesh filtration process for use along with virgin bottle resins to cater to various food & non-food applications. It operates several subsidiaries and has production sites spread across the US, Taiwan, Vietnam, China, Malaysia, and Japan.
Alpek S.A.B. de C.V. (Mexico)
Alpek is an integrated PET and PTA producer based in Mexico. The company operates through two primary business segments, namely, polyester and plastics & chemicals. The polyester segment comprises the production of purified terephthalic acid (PTA), polyethylene terephthalate (PET), recycled PET (rPET), and polyester fibers for food & beverage packaging, textile, and industrial filament industries. The company has more than 30 manufacturing plants across nine countries, namely Canada, the US, Mexico, Brazil, Chile, Argentina, the UK, Saudi Arabia, and Oman.
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Amcor plc (Switzerland)
Amcor provides two types of packaging solutions, flexible packaging and rigid packaging, to help customers achieve their circular economy goals while using sustainable materials. Berry Global became part of the company in 2025, which allowed it to enhance its collection of recycled plastics and consumer packaging products. Amcor dedicates its efforts to the development of packaging solutions that can be recycled or reused, while it funds research on advanced recycling methods to boost recycled resin usage. The company develops its main abilities through three areas of expertise: packaging development, material research, and production through large manufacturing systems. Amcor expands its global operations through supply chain partnerships and strategic acquisitions, which help the company build its presence in North America, Europe, Asia Pacific, Latin America, and Africa.
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