Recycled Thermoplastics Market Size Analysis and Top Companies
The global recycled thermoplastics market size is estimated to hit around USD 131.69 billion by 2033, increasing from USD 52.56 billion in 2023 with a CAGR of 9.62% from 2023 to 2033.The top companies operating in the recycled thermoplastics market are APC recycling, B. Schoenberg & Co., Clear Path Recycling, Custom Polymers, Envision Plastics, Fresh Pak Corporation, KW Plastics., Maine plastics incorporation, PARC corporation, Plastipak Holdings, RJM International Inc., Suez, United plastic recycling, Veolia, B&B Plastics, and Others.
Market Report Coverage
| Report Coverage |
Details |
| Market Size by 2033 |
USD 144.36 Billion |
| Market Size in 2023 |
USD 57.62 Billion |
| Market Growth Rate from 2023 to 2033 |
CAGR of 9.62% |
| Largest Market |
North America |
| Base Year |
2023 |
| Forecast Period |
2023 to 2033 |
| Segments Covered |
Form, Technology, Product, Application, and Regions |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East, & Africa |
Recycled Thermoplastics Key Players
- APC recycling
- B. Schoenberg & Co.
- Clear Path Recycling
- Custom Polymers
- Envision Plastics
- Fresh Pak Corporation
- KW Plastics.
- Maine plastics incorporation
- PARC corporation
- Plastipak Holdings
- RJM International Inc.
- Suez
- United plastic recycling
- Veolia
- B&B Plastics
Recent Developments
- In October 2024, Avient introduced new recyclable thermoplastic elastomers and metallic effect sulfone solutions at Fakuma 2024.
- In February 2024, KRAIBURG released a new line of thermoplastic elastomer (TPE) items with a minimum of 73% recycled materials.
- In March 2023, Polyplastics Group, a top supplier of engineering thermoplastics worldwide, introduced the DURACIRCLE program for recycling engineering plastics. This initiative encompasses diverse, sustainable options to help reach a 100% recycling rate for engineering plastics beyond the current business model of producing and selling plastics.
- In October 2023, Coca-Cola India introduced smaller-sized bottles made of 100% recycled plastic (rPET), available in 250 ml and 750 ml variants. The plan is included in Coca-Cola’s wider commitment to sustainability, which involves incorporating 50% recycled material into its packaging by 2030 and making all packaging recyclable by 2025.
- In July 2022, Dow and Mura Technology revealed a major collaboration to tackle the worldwide plastic waste issue. They intend to construct several state-of-the-art recycling plants in both the United States and Europe, each capable of processing 120 kilotons annually, adding up to a total recycling capacity of 600 kilotons per year. This project is their biggest effort yet to expand advanced recycling abilities.
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