Global Recycled Plastics Market Set to Surpass $190.5 Billion by 2035
Plastic Recycling | 2025-11-26 11:29:29
The report highlighted that there has been a rising demand for high-quality recycled content over the past years.
By Paul Ploumis
SEATTLE (Scrap Monster): The global recycled plastics market is projected to surge to $190.5 billion by 2035, according to a newly released analysis from a Precedence Research subsidiary. The study forecasts a compound annual growth rate (CAGR) of 8.25% from an estimated $93.21 billion in 2026, significantly higher than the current market value of $86.11 billion.
The report reveals that the Asia-Pacific region led the worldwide recycled plastics sector in 2025, capturing the largest market share of 49.14%. Growth in the region is being fueled by rising environmental awareness, government-enforced restrictions on plastic waste, and intensifying corporate commitments to circular economy models. China is expected to post robust growth throughout the forecast period, supported by strong manufacturing and recycling capabilities.
Segment Insights
By source, the bottle recycling segment dominated the market in 2025, accounting for 75.16% of total revenue, reflecting increasing collection rates and strong demand for packaging materials.
By polymer type, PET emerged as the top-performing category, representing 38.74% of market share due to extensive usage in beverage packaging and consumer goods.
By application, the packaging industry held the leading position with 39.35% share, driven by brand commitments to incorporate recycled content.
By process, mechanical recycling remained the dominant method, contributing 70.74% of total revenue in 2025.
The analysis notes a significant increase in demand for high-quality recycled plastics, as brands and manufacturers accelerate sustainability targets and aim to reduce dependence on virgin polymers.
YOU MAY ALSO BE INTERESTED IN:
US Recycled Plastics Market to Grow at 7.9% CAGR Amid Rising Demand from Packaging Sector
New Strategic Partnership to Convert Waste into High-Quality Recycled Plastics
POLL
Do you think the recycled plastics market will continue strong growth through 2035?
Frequently Asked Questions
- Which region leads the recycled plastics market?
The Asia-Pacific region led the market in 2025 with 49.14% of total revenue, driven by strong sustainability initiatives and government regulations on plastic waste.
- Which country is expected to show significant growth in the forecast period?
China is anticipated to register robust growth, supported by its manufacturing capacity and increasing adoption of circular economy practices.
- Which source segment dominates the recycled plastics market?
Bottles dominate the market, accounting for 75.16% of revenue in 2025, due to widespread collection and reuse in packaging.
