The global Post-Consumer Recycled (PCR) Plastics Market is set to grow from USD 73.35 billion in 2024 to USD 125.34 billion by 2029, at a CAGR of 11.3%, according to a new report titled Post-Consumer Recycled Plastics Market – Global Forecast to 2029.
This surge is driven by growing environmental awareness, stricter government regulations on plastic waste, rising corporate sustainability targets, and shifting consumer preferences toward eco-friendly products.
Governments across major economies have enforced stringent disposal regulations, compelling industries to adopt recycled plastics, while brands face increasing consumer demand for sustainable options.
Key players in the market include Veolia (France), Suez SA (France), WM Intellectual Property Holdings (US), Republic Services (US), Waste Connections (Canada), Biffa (UK), Clean Harbors (US), Stericycle (US), Remondis SE & Co. KG (Germany), and DS Smith plc (UK).
Source Segment Insight:
Plastic bottles are expected to be the fastest-growing source, driven by their uniformity and recyclability, crucial for supporting circular economy models and reducing landfill waste.
Regional Insight:
Asia-Pacific emerges as the largest market, thanks to rapid urbanization, a rising middle class, massive plastic consumption, and heightened environmental regulation across the region.
The market’s momentum reflects a stronger global push toward creating resource-efficient, sustainable societies through recycling and waste reduction innovations.
