Global Recycled Plastics Market Projected to Reach $102.4 Billion by 2033
Plastic Recycling | 2026-01-13 11:16:22
In the U.S., state-level rules such as California’s 50% recycled content mandate for beverage containers by 2030 are creating strong regional demand.
By Paul Ploumis
SEATTLE (Scrap Monster): The global recycled plastics market continues to expand rapidly, driven by regulation, corporate sustainability commitments, and rising end-use demand. Valued at US$50.80 billion in 2024, the market is projected to reach US$102.40 billion by 2033, growing at a compound annual growth rate (CAGR) of 8.1% from 2025 to 2033.
Legally binding mandates are a key growth catalyst. Under the EU’s Packaging and Packaging Waste Regulation, producers are expected to source 5.4 million tons of recycled plastics annually by 2030, rising to 11.5 million tons by 2040. In the U.S., state-level rules such as California’s 50% recycled content mandate for beverage containers by 2030 are creating strong regional demand.
Regulatory approvals for food-contact recycled plastics are further strengthening the market. Recent FDA Letters of No Objection now cover materials beyond PET, enabling high-value applications and encouraging large-scale investments. Meanwhile, demand from electronics and durable goods manufacturers is accelerating, diversifying the market beyond packaging.
With plastic bottles accounting for nearly 70% of recycled volumes and Europe leading through circular economy policies, the recycled plastics market is evolving into a strategically vital segment of the global materials economy.
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Which factor will most drive recycled plastics market growth over the next decade?
Frequently Asked Questions
- What is the projected value of the recycled plastics market by 2033?
US$102.4 billion, up from US$50.8 billion in 2024.
- Which regulations are driving recycled plastics demand?
EU Packaging and Packaging Waste Regulation and U.S. state-level mandates like California’s 50% recycled content law.
- Which sectors are increasing demand for recycled plastics?
Packaging, food-contact materials, electronics, and durable goods.
