This report provides a comprehensive analysis of the Global Mechanical Recycling Of Plastics Market , including historical market sizes from 2019 to 2022 and forecasts for 2024 to 2031. The market is estimated to be valued at USD 15,730.8 Million in 2023 and is projected to grow to approximately USD 41,028.2 Million by 2031, reflecting a compound annual growth rate (CAGR) of 11.7 % during the forecast period. This growth underscores the increasing demand for advanced data management solutions and highlights the importance of technological innovations in the sector.
Mechanical recycling of plastics refers to the process of reprocessing used plastic materials into new products without altering their chemical structure. This sustainable approach helps reduce plastic waste, conserves natural resources, and minimizes environmental impact. The Global Mechanical Recycling of Plastics Market is experiencing significant growth due to increasing awareness of environmental issues, rising demand for sustainable materials, and regulatory pressures to reduce plastic waste. By transforming post-consumer and industrial plastic waste into reusable materials, this market plays a vital role in promoting a circular economy and enhancing resource efficiency across various industries.
The Global Mechanical Recycling of Plastics Market is driven by growing environmental concerns and a push for sustainability, as companies and consumers increasingly seek eco-friendly alternatives. However, challenges such as inconsistent quality of recycled materials, high operational costs, and limited recycling infrastructure hinder market growth. Current trends include technological advancements in recycling processes and increasing investments in recycling facilities to improve efficiency. Opportunities lie in expanding applications for recycled plastics across various industries, as well as potential collaborations to innovate and enhance recycling technologies.
For the geography segment, regional supply, demand, major players, and price are presented from 2019 to 2031. This report covers the following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
Segments-
By Type-
Post-Consumer Recyclate
Industrial Recyclate
The Global Mechanical Recycling of Plastics Market is segmented by type, source, plastic type, process, and end-use industry. By type, the market includes post-consumer recyclate, which consists of materials discarded after consumer use, and industrial recyclate, which originates from manufacturing processes.
By source-
Bottles
Films
Foams
Fibers
Others
The source segmentation encompasses bottles, films, foams, fibers, and other types of plastic products, highlighting the diverse range of materials suitable for recycling.
By Plastic Type-
Polyethylene (PE)
Polyethylene Terephthalate (PET)
Polypropylene (PP)
Polyvinyl Chloride
Polystyrene
Others
In terms of plastic type, the market features polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), polyvinyl chloride (PVC), polystyrene, and other plastics, each with unique recycling challenges and opportunities.
By Process-
Mechanical
Chemical
The process segmentation divides the market into mechanical and chemical recycling methods, with mechanical recycling being the predominant approach for reprocessing plastics.
End-Use Industry-
Packaging
Automotive
Building & Construction
Electrical & Electronics
Textiles
Others
The End-use industry segment includes packaging, automotive, building and construction, electrical and electronics, textiles, and other applications, showcasing the wide applicability of recycled plastics across various sectors. This segmentation reflects the growing demand for sustainable materials and the role of recycling in promoting a circular economy.
Key Players-
Eastman Chemical Company
BASF
Dow Inc.
PureCycle Technologies
Plastics For Change
Polystyvert
Agilyx
Veolia
SUEZ Recycling and Recovery
TOMRA Systems ASA
For the competitor segment, the report includes global key players of the Non-Alcoholic Concentrated SyrupSoftware Market as well as some small players. The information for each competitor includes:
Company Profile
Main Business Information
Financial Analysis
Market Share
Please ask for sample pages for the full company list
Base Year: 2023
Historical Data: from 2019 to 2022
Forecast Data: from 2024 to 2031
Any special requirements about this report, please let us know and we can provide a custom report.
Global Battery Passport Market
Global Hydrogen Tanks Market
Global Biorefinery Market
Nigeria oil and gas upstream market report
Electric Motor Gas Compressor Market
Global Video as a Sensor Market
Global Mechanical Recycling Of Plastics Market
Global Power-to-Gas Market
Global Net-zero Energy Buildings Market
Global Modular And Scalable Power Supplies Market
Your phrase has been sent to nick's email. Once he takes action. you will be notified!
Stats And Research ™ Copyright © 2025 .
