Top 20 Global Plastic Recycling Companies (2025–2032): Spherical Insights Analysis
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Plastic Recycling Market Size is projected to Grow from USD 52.2 Billion in 2024 to USD 82.2 Billion by 2035, at a CAGR of 4.21% during the forecast period 2025–2035. The market for plastic recycling is growing environmental consciousness and the enactment of laws to cut down on plastic waste. Businesses are using more recycled plastics in their products in response to consumers' growing environmental consciousness.
Introduction
Plastic recycling refers to the process of fixing waste or recycling plastic materials and converting them into reusable products. This includes collecting, sorting, cleaning, chopping, melting, and improving plastic items to produce new materials for various applications. The goal of plastic recycling aims to reduce the consumption of raw material, reduce environmental pollution, conserve energy, and promote permanent practices by giving new life to plastic that would otherwise end up in landfills or oceans. Plastic waste comes in various forms and types, each offering opportunities for unique challenges and recycling and waste management efforts. Normal types of plastic waste include polyethylene terephthalate, which is mainly used in beverage bottles and food packaging, which is caused to its light and durable properties. There is another popular plastic waste type found in containers for high-density polyethylene domestic products and industrial packaging.
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Plastic Recycling Market Size & Statistics
- The Market Size for Plastic Recycling Was Estimated to be worth USD 52.2 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 4.21% between 2025 and 2035.
- The Global Plastic Recycling Market Size is anticipated to reach USD 82.2 Billion by 2035.
- Asia Pacific is expected to generate the highest demand during the forecast period in the Plastic Recycling Market
- Europe is expected to grow the fastest during the forecast period in the Plastic Recycling Market.
Regional growth and demand
Europe is expected to grow the fastest during the forecast period in the plastic recycling market. The stringent EU laws and challenging sustainability goals. In terms of recycling rates and circular economy initiatives, nations like France, Germany, and the United Kingdom lead the world. Businesses are being pushed to use recycled plastics in consumer goods and packaging by the European Union's recycling regulations and prohibition on single-use plastics. Europe's dedication to recycling technology innovation also improves its standing in the market.
Asia Pacific is expected to generate the highest demand during the forecast period in the plastic recycling market. It's huge garbage production and plastic usage. Strong governmental laws, growing public awareness, and expanding urbanisation are driving the movement in nations like China, India, Japan, and South Korea. In order to reach sustainability targets, India is quickly growing its plastic waste management programmes, whereas China has made a reputation for itself as a powerhouse for recycling infrastructure. Strong demand for recycled plastics in packaging, automobiles, and textiles is also fueled by the region's extensive manufacturing base.
Top 10 Trends in the Plastic Recycling Market
- Growing adoption of chemical recycling.
- Integration of AI and robotics in sorting processes.
- Rising demand for recycled plastics in packaging.
- Expansion of bottle-to-bottle recycling.
- Increasing focus on circular economy initiatives.
- Partnerships between FMCG companies and recyclers.
- Use of biodegradable and compostable alternatives alongside recycling.
- Investments in recycling infrastructure in emerging economies.
- Development of advanced labeling for easy sorting.
- Government regulations pushing higher recycling targets.
1. Growing Adoption of Chemical Recycling
Plastics that can be hard to mechanically recycle can be converted into raw materials thanks to chemical recycling technology. As a result, premium recycled plastics that are suitable for delicate uses like food packaging are produced.
2. Integration of AI and Robotics in Sorting Processes
Robots and AI-based vision systems are being used more and more in recycling facilities to automate sorting. Efficiency is increased, contamination is decreased, and recyclable plastic recovery rates are raised.
3. Expansion of Bottle-to-Bottle Recycling
In the closed-loop recycling method, spent PET bottles are recycled into new ones, and beverage firms are making significant investments in this process. In the packaging business, this procedure is becoming commonplace in order to fulfil sustainability pledges.
4. Partnerships Between FMCG Companies and Recyclers
To ensure a consistent supply of recovered plastics, major fast-moving consumer goods manufacturers are partnering with recycling companies. These partnerships enhance brand sustainability and guarantee regulatory compliance.
5. Investments in Recycling Infrastructure in Emerging Economies
Asia, Africa, and Latin America are investing more in recycling facilities and collecting systems. In addition to opening up new markets, this is assisting in addressing the growing problems with plastic waste.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the plastic recycling market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 15 Companies Leading the Plastic Recycling Market
- Veolia Environnement S.A.
- Suez Environment S.A.
- Waste Management, Inc.
- Republic Services, Inc.
- Stericycle, Inc.
- Clean Harbors, Inc.
- Biffa Group Limited
- Remondis SE & Co. Kg
- DS Smith Plc
- PLASTIC ENERGY Limited
- KW Plastics
- MBA Polymers
- CarbonLITE Industries LLC
- Indorama Ventures Public Company Limited
- TerraCycle
1. Veolia Environnement S.A.
Headquarters: France
Veolia is a world leader in recycling and waste management, providing cutting-edge solutions for plastic collection, sorting, and recycling. The company produces high-quality recycled resins by concentrating on mechanical and chemical recycling processes. Veolia collaborates with businesses and governments to advance sustainability and circular economy principles.
2. Waste Management, Inc.
Headquarters: United States
One of the top companies in North America for waste collection, treatment, and recycling solutions is Waste Management. The business makes significant investments in Material Recovery Facilities (MRFs), which improve plastic sorting and recycling efficiency by utilizing robotics and artificial intelligence. WM has a strategic edge in expanding recycling activities because of its robust network throughout the United States and Canada. In order to accomplish its sustainability objectives, it also collaborates closely with private companies and municipalities. Waste management is essential to raising recycling rates in North America through creativity and neighborhood-based projects.
3. Suez Environnement Company
Headquarters: France
Suez is a world leader in waste and water management, with a particular emphasis on recycling plastic. Offering mechanical and chemical recycling alternatives, the company has several recycling facilities in Europe, North America, and Asia. Suez stresses the use of digital technology to effectively classify and recover plastics. In order to boost the use of recycled materials in consumer goods and packaging, it has teamed with governments and businesses. Suez's strong R&D expenditures are helping the world move towards a circular economy and lessen reliance on virgin plastics.
4. MBA Polymers Inc.
Headquarters: United States
Recycling plastics from complex waste streams, including electronics, home goods, and automobile parts, is MBA Polymers' area of expertise. The business is renowned for producing high-quality recycled polymers that function comparably to virgin materials. Advanced sorting systems at its locations in Asia, Europe, and the United States optimize recovery rates. MBA Polymers collaborates with international producers to offer environmentally friendly plastic substitutes for a range of applications. It keep growing its presence in the circular economy with a strong dedication to sustainability and innovation.
5. Indorama Ventures Public Company Limited
Headquarters: Thailand
One of the biggest PET manufacturers and recyclers in the world, Indorama Ventures, is essential to the bottle-to-bottle recycling movement. In order to satisfy the growing demand for environmentally friendly packaging, the company has established a robust network of recycling facilities throughout Asia, Europe, and the Americas. In order to guarantee a consistent supply of recycled PET, it works with beverage businesses such as PepsiCo and Coca-Cola. Indorama is strengthening its position as a leader in plastic recycling by increasing capacity through acquisitions and new initiatives.
Are you ready to discover more about the Plastic Recycling market?
The report provides an in-depth analysis of the leading companies operating in the global plastic recycling market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Veolia Environnement S.A
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Suez Environment S.A.
- Waste Management, Inc.
- Republic Services, Inc.
- Stericycle, Inc.
- Clean Harbors, Inc.
- Biffa Group Limited
- Remondis SE & Co. Kg
- DS Smith Plc
- PLASTIC ENERGY Limited
- KW Plastics
- MBA Polymers
- CarbonLITE Industries LLC
- Indorama Ventures Public Company Limited
- TerraCycle
Conclusion
The plastic recycling market is growing quickly as governments, businesses, and consumers demand sustainable ways to combat plastic pollution. While Europe is at the forefront of circular economy methods and regulatory enforcement, the Asia-Pacific continues to be the largest market. The future of the industry is being shaped by trends including bottle-to-bottle recycling, chemical recycling, AI-driven sorting, and international collaborations. Leading companies in the development of recycling technology and the expansion of sustainable practices include Veolia, Waste Management, Suez, Indorama Ventures, and MBA Polymers. Plastic recycling is expected to become a key component of resource efficiency and global sustainability with increased funding and supported legislation.
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