Recycled Plastic Resins Market projected to surpass US$78.023 billion by 2030 at a CAGR of 6.98%

The recycled plastic resins market is anticipated to grow at a CAGR of 6.98% from US$55.691 billion in 2025 to US$78.023 billion by 2030.

NEW YORK, NY, UNITED STATES, May 26, 2025 /EINPresswire.com/ -- According to a new study published by Knowledge Sourcing Intelligence, the recycled plastic resins market is projected to grow at a CAGR of 6.98% between 2025 and 2030 to reach US$78.023 billion by 2030.

The global market for recycled plastic resins is experiencing significant growth as more and more companies and consumers prioritize sustainability in their purchasing decisions.

This growth can be attributed to the increasing awareness about the harmful effects of plastic on the environment and the need for more sustainable alternatives. Recycled plastic resins, also known as post-consumer recycled (PCR) resins, are made from plastic waste that has been collected, sorted, and processed into new raw materials. This not only reduces the amount of plastic waste in landfills and oceans, but also reduces the need for virgin plastic production, which has a high carbon footprint.

The demand for recycled plastic resins is also being driven by government regulations and initiatives promoting the use of sustainable materials. For example, the European Union's Single-Use Plastics Directive, which aims to reduce the impact of plastic waste on the environment, has led to a surge in demand for recycled plastic resins in the region. Similarly, many companies are setting their own sustainability goals and incorporating recycled plastic resins into their products and packaging.

The market for recycled plastic resins is expected to continue its growth trajectory in the coming years, with more companies and consumers embracing sustainable materials. This presents a significant opportunity for manufacturers and suppliers in the industry to expand their operations and meet the growing demand. As the market continues to evolve, it is crucial for all stakeholders to work together to develop innovative solutions and promote the use of recycled plastic resins for a more sustainable future.

In conclusion, the recycled plastic resins market is experiencing rapid growth due to the increasing demand for sustainable materials and government regulations promoting their use. This presents a significant opportunity for manufacturers and suppliers in the industry, and we can expect to see continued growth in the coming years. Let us all work together to create a more sustainable future by incorporating recycled plastic resins into our products and packaging.

Access sample report or view details: https://www.knowledge-sourcing.com/report/recycled-plastic-resins-market

As a part of the report, the major players operating in the recycled plastic resins market that have been covered are Veolia, Suez, Waste Management Inc., Republic Services, DS Smith, Biffa, Clean Harbors, Sims Metal Management, among others.

The market analytics report segments the recycled plastic resins market as follows:

• By Type

o Polyethylene Terephthalate (PET)
o High-Density Polyethylene (HDPE)
o Polypropylene (PP)
o Others

• By Process

o Mechanical Recycling
o Chemical Recycling
o Others

• By End-User

o Packaging
o Automotive
o Construction
o Electronics
o Others

• By Geography

• North America

o USA
o Canada
o Mexico

• South America

o Brazil
o Argentina
o Others

• Europe

o United Kingdom
o Germany
o France
o Spain
o Others

• Middle East and Africa

o Saudi Arabia
o UAE
o Others

• Asia Pacific

o China
o Japan
o India
o South Korea
o Taiwan
o Others

Companies Profiled:

• Veolia
• Suez
• Waste Management Inc.
• Republic Services
• DS Smith
• Biffa
• Clean Harbors
• Sims Metal Management
• Remondis
• Covanta

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Knowledge Sourcing Intelligence (KSI) is a market research and intelligence provider that uses a combination of quantitative and qualitative research techniques to deliver comprehensive, in-depth insights to clients. Our approach to market research is centered around the concept of 'Knowledge Sourcing' - the process of gathering data and insights from multiple sources to create a comprehensive and well-rounded picture of the market. KSI's core services include market intelligence, competitive intelligence, customer intelligence, and product intelligence. KSI's approach to market research is designed to help clients make informed decisions, identify opportunities, and gain a better understanding of their target markets. By using a combination of primary and secondary research techniques, we provide clients with detailed insights into current market trends, customer profiles, competitor analysis, and product performance. KSI's market research and intelligence services enable clients to make informed decisions, develop strategic plans, and identify areas of opportunity.

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