Asia Pacific Plastic Recycling Market Size, Share, and COVID-19 Impact Analysis, By Material (Polyethylene Terephthalate (PET), Polypropylene (PP), Polyethylene (PE), Polyvinyl Chloride (PVC), and Others), By Source (Pipes, Wires & Cables, Sheets, Bottles, and Others), By End User (Packaging, Building & Construction, Textiles, Automotive, Electrical & Electronics, and Others), and Asia Pacific Plastic Recycling Market Insights, Industry Trends, Forecast to 2035

Asia Pacific Plastic Recycling Market Insights Forecasts to 2035

• The Asia Pacific Plastic Recycling Market Size Was Estimated at USD 10.25 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of Around 7.2% from 2025 to 2035
• The Asia Pacific Plastic Recycling Market Size is Expected to Reach USD 22.6 Billion by 2035

According to a research report published by Spherical Insights & Consulting, the Asia Pacific Plastic Recycling Market size is anticipated to reach USD 22.6 billion by 2035, growing at a CAGR of 7.2% from 2025 to 2035. The market is driven by the burgeoning adoption of plastic recycling activities throughout the Asia-Pacific, owing to the increasing focus of governments of different countries across the region on sustainable development.

Market Overview

The plastic recycling market refers to ongoing growth because industry demand for recycled materials continues to increase while government programs help businesses meet their recycling goals. Plastic recycling serves as an environmental solution because it converts plastic waste into recyclable materials and addresses multiple environmental problems that arise from waste disposal and plastic pollution. Recycled plastics now serve as a substitute for new resins, which help industries reduce their greenhouse gas emissions. Manufacturers now use plastic materials to create lightweight components that make vehicles more energy efficient.

Yum China Corporation implemented a new plastic waste reduction program that functions across all its KFC and Pizza Hut outlets throughout China to meet the requirements of the 2021 environmental regulations established by the country.

Japan has created a plan to reduce plastic waste, which targets a 25% reduction of single-use plastic waste together with a 60% recycling rate for all plastic containers and packaging materials by the year 2030. The partnership between PT Polindo Utama, Bantam Materials and Circulate Capital Prevented Ocean Plastic Southeast Asia, established in February 2022, will build recycling facilities in Indonesian communities that currently lack such services to stop plastic waste from entering the environment and help residents develop sustainable career opportunities.

Report Coverage

This research report categorises the Asia Pacific plastic recycling market based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Asia Pacific plastic recycling market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Asia Pacific plastic recycling market.

Driving Factors

The plastic recycling market in Asia Pacific is driven by the combination of artificial intelligence sorting systems and robotic technology results in improved recycling results through enhanced material purity. Chemical recycling has become a viable method to process difficult-to-recycle plastics, which include contaminated materials and multi-layered products. Multinational brands establish strict post-consumer recycled content targets for their packaging to satisfy customer needs and their environmental, social, and governance requirements.

Restraining Factors

The plastic recycling market in the Asia Pacific is restrained by the absence of transparent operations, with unstable pricing systems creating obstacles for businesses that need to maintain safety standards when acquiring high-quality feedstock materials. Advanced recycling facilities need significant financial resources for their establishment, which requires large capital expenditures.

Market Segmentation

The Asia Pacific plastic recycling market share is categorised into material, source and end user.

• The polyethylene terephthalate segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The Asia Pacific plastic recycling market is segmented by material into polyethylene terephthalate (PET), polypropylene (PP), polyethylene (PE), polyvinyl chloride (PVC), and others. Among these, the polyethylene terephthalate segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental growth is driven by plastic material used in food packaging production includes containers used for fruit and beverages. PET serves as a transparent and colourless polymer that enables complete recycling yet remains nearly unbreakable. The beverage becomes visible through the transparent material, whereas cans and cartons do not provide this feature. The beneficial properties of PET make it a common choice for beverage packaging because of its practical advantages.

• The bottles segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.  

Based on source, the Asia Pacific plastic recycling market is segmented into pipes, wires & cables, sheets, bottles, and others. Among these, the bottles segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is driven by the growing demand for plastic bottles, which protect against both water and air damage. The food and beverages industry, with other sectors, uses plastic bottles to store various products, which include multiple types of chemicals.

• The packaging segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The Asia Pacific plastic recycling market is segmented by end user. Among these, the packaging segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental growth is driven by the food and beverage packaging industry, which produces excessive plastic waste, creating environmental problems. The Asia Pacific Plastic Recycling Market experiences growth because plastic waste generation increases from the developing e-commerce market in India and China.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Asia Pacific plastic recycling market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies                                                                                                                 

• Indorama Ventures Public Company Ltd
• Veolia
• Far Eastern New Century Co.
• ALPLA Group
• Banyan Nation
• Polindo Utama
• Samyang Remondis Co., Ltd
• Taiwan Remondis Co., Ltd
• HHI-Plastic Recycling Company
• Reliance Industries Ltd
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

In January 2026, A1-Plastic, a company specializing in plastic products in Cambodia, launched the construction of a food-grade PET bottle recycling plant located in the Pursat Special Economic Zone.

Market Segment

This study forecasts revenue at the Asia Pacific, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Asia Pacific plastic recycling market based on the below-mentioned segments:

Asia Pacific Plastic Recycling Market, By Material

• Polyethylene Terephthalate (PET)
• Polypropylene (PP)
• Polyethylene (PE)
• Polyvinyl Chloride (PVC)
• Others

Asia Pacific Plastic Recycling Market, By Source

• Pipes
• Wires & Cables
• Sheets
• Bottles
• Others

Asia Pacific Plastic Recycling Market, By End User

• Packaging
• Building & Construction
• Textiles
• Automotive
• Electrical & Electronics
• Others