Get In Touch

Global Plastic Recycling Market to Grow as Green Standards of Disposal Gain Popularity

Global Plastic Recycling Market: Overview

The global plastic recycling market is expanding at a sturdy pace in recent times, majorly due to the growing focus on environmental sustainability. Plastic recycling has become an obligation for all major industries that intend to retain their corporate value and social responsibility. Statistics related to environmental pollution reveal abysmal figures about the amount of plastic that is discharged in the surrounding on a daily basis. This waste could originate from industrial, commercial, and residential units, and poses a severe threat to the environment. Henceforth, the global demand for plastic recycling is expected to rise at a rapid pace in the years to follow.

There is a strong uprising against the rising levels of plastic waste that are discharged in rivers, lakes, and other water bodies. Environmentalists are constantly trying to raise their voice in favour of the need for sustainable growth through management of plastic waste. Furthermore, these entities are collaborating with global welfare organisations in order to dispel fresh ideas related to plastic recycling. It is evident that the quest of key entities to manage plastic waste has gone global. The underdeveloped countries have also joined the movement for sustainable development and effective waste management. Thereby, the total volume of revenues in the global plastic recycling market is poised to increase by leaps and bounds.


In a report published by Transparency Market Research, it is predicted that the global plastic recycling market would expand at a stellar pace of 6.9% over the period ranging from 2016 to 2024. Furthermore, the total value of the global plastic recycling market is expected to touch US$56.8 bn by 2024, rising up from a value of US$31.5 bn in 2015.

Availability of Improved Technologies for Plastic Waste Management

The technological landscape is a densely knit fabric of possibilities, and there is tremendous scope for improvement therein. The development of nascent technologies for waste management and recycling has given a thrust to market growth. Furthermore, research centers and academic institutes are offering fresh courses and programs that train individuals towards efficient plastic recycling. Therefore, the growth of the global plastic recycling market relies on improvements in the technological framework.

Global Practices for Waste Management

Several countries have set examples of efficient waste management and recycling. The Scandinavian nations have led the movement for a waste-free future, and have succeeded in following pragmatic plastic recycling practices. Therefore, the global plastic recycling market is set to become a chock-a-block of opportunities in the years to follow. Promotion of green standards within manufacturing has played an integral role in the growth of the global plastic recycling market. Use of waste-free technologies in the industrial and residential sectors has created new opportunities for market growth and maturity.

Some of the prominent vendors operating in the global plastic recycling market are Kuusakoski Oy, KW plastics, and Envisison Plastics.

The global plastic recycling market can be segmented by:


  • North America
  • Europe
  • Latin America
  • Middle East
  • Asia Pacific

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact Us

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453

7 of 10 large enterprizes view our ToC to take the right decision.

View Report ToC