Gather more insights about the market drivers, restrains and growth of the Recycled Plastics Market 

Regional Insights:

North America Electric Motor Market Trends

The North American recycled plastics market is poised for substantial growth over the forecast period, with a projected CAGR. In 2023, this region held an 18.27% revenue share. Key drivers include the expanding electrical & electronics, construction, and packaging industries. The surge in demand for packaged and processed food, coupled with the robust construction sector in the U.S., Mexico, and Canada, is expected to further propel market growth during the forecast period.

U.S.

The U.S. recycled plastics market is poised for significant growth over the forecast period, with polyethylene terephthalate, low-density polyethylene, high-density polyethylene, polypropylene, polyvinyl chloride, and polystyrene being the most prevalent types of plastic waste. These plastics, sourced from various products like food & beverage bottles, films & wraps, bottle caps, containers, and blister packs, are expected to drive the market's expansion. 

Asia Pacific Electric Motor Market Trends 

The Asia Pacific region was the dominant force in the recycled plastics market in 2023, accounting for over 47.97% of the revenue share. This dominance is driven by the region's burgeoning packaging industry and advancements in recycling technologies. Furthermore, the increasing electronics expenditure in countries like China, India, and Japan, coupled with the presence of numerous electronic product manufacturers engaged in R&D activities (e.g., ASE Electronics Malaysia, Foxconn Technology Group, Honeywell International Inc., Samsung, Lenovo, Bajaj Electronics, Huawei Technologies Co., Ltd., Havells Group, Haier Inc., and others), is projected to fuel substantial market growth in the region over the forecast period.

China 

The recycled plastics market in China held a significant share in the Asia Pacific region. The market is anticipated to register at a fastest CAGR of 10.3% over the forecast period. China market is a well-established one. However, the ban on import of 24 types of plastic waste is expected to hamper the market growth in the country.

India

The India recycled plastics market is expected to grow at the fastest CAGR over the forecast period. Rising environmental concerns among consumers coupled with the government policies such as “Swachh Bharat Mission” are anticipated to fuel the demand for recycled plastics in the country. Growing packaging, automotive, and construction industries in the country are further propelling the demand for recycled plastics.

Southeast Asia Recycled Plastics Market Trends

The recycled plastics market in Southeast Asia is poised for significant growth, with an expected CAGR of 8.2% during the forecast period. This growth is fueled by the increasing focus on recycling activities across the region. Recognizing the urgent need to address marine plastic pollution, the Association of Southeast Asian Nations (ASEAN) member countries have committed to taking action to reduce plastic waste entering the oceans by 2025.

Europe Electric Motor Market Trends

The European recycled plastics market is the second-largest globally in terms of revenue, trailing only Asia Pacific. This growth is fueled by the increasing adoption of circular economy principles, which aim to reduce the carbon footprint of traditional plastic production methods by promoting plastic recycling within the region.

Germany 

The Germany recycled plastics market held a significant share in Europe. The market is anticipated to register at the fastest CAGR of 10.0% over the forecast period. The advanced recycling technologies of Germany significantly influences the demand for recycled plastics in the country.

Italy

The recycled plastics market in Italy is expected to grow at a significant CAGR over the forecast period. The Italy market is quite active and involves more than 350 companies. These companies include waste collectors, sorters, and industrial waste handlers. The cultural emphasis of Italy towards sustainable products is expected to boost the demand for recycled plastics in several industries including automotive and textiles.

Browse through Grand View Research's Category Plastics, Polymers & Resins Industry Research Reports.

• The global disposable food packaging market size was estimated at USD 65.60 billion in 2024 and is expected to grow at a CAGR of 7.4% from 2025 to 2030. 

• The global bio-based polypropylene in medical devices market size was valued at USD 13,670.79 thousand in 2024 and is expected to grow at a CAGR of 19.47% from 2025 to 2030.

Key Recycled Plastics Company Insights

Key companies are adopting several organic and inorganic growth strategies, such as new product development, mergers & acquisitions, and joint ventures, to maintain and expand their market share.

Key Recycled Plastics Companies:

The following are the leading companies in the recycled plastics market. These companies collectively hold the largest market share and dictate industry trends.
• REMONDIS SE & Co. KG
• Biffa
• Stericycle
• Republic Services, Inc.
• WM Intellectual Property Holdings, L.L.C.
• Veolia
• Shell International B.V.
• Waste Connections
• CLEAN HARBORS, INC.
• Covestro AG

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