The global advanced recycling technologies market was valued at 270.5 million U.S. dollars in 2022. This market was forecast to grow at a compound annual growth rate (CAGR) of 48.2 percent in the next decade, to exceed nine billion U.S. dollars by 2031.
Advanced recycling, also known as chemical recycling, refers to the set of technologies that breaks down post-consumer plastics back into their original components.
Advanced recycling technologies market value worldwide in 2021 and 2022, with forecasts to 2031
(in million U.S. dollars)
* Starting from the indicated year, figures are forecasts.
Supplementary notes
For the Statista estimate an exponential development of the values between 2022 and 2031 was assumed to estimate the annual values. The values for 2022 and 2031 were provided by the source.
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BIS Research, & Statista. (August 8, 2023). Advanced recycling technologies market value worldwide in 2021 and 2022, with forecasts to 2031 (in million U.S. dollars) [Graph]. In Statista. Retrieved January 08, 2025, from https://www.statista.com/statistics/1411368/advanced-recycling-technologies-market-value-worldwide/
BIS Research, und Statista. "Advanced recycling technologies market value worldwide in 2021 and 2022, with forecasts to 2031 (in million U.S. dollars)." Chart. August 8, 2023. Statista. Accessed January 08, 2025. https://www.statista.com/statistics/1411368/advanced-recycling-technologies-market-value-worldwide/
BIS Research, Statista. (2023). Advanced recycling technologies market value worldwide in 2021 and 2022, with forecasts to 2031 (in million U.S. dollars). Statista. Statista Inc.. Accessed: January 08, 2025. https://www.statista.com/statistics/1411368/advanced-recycling-technologies-market-value-worldwide/
BIS Research, and Statista. "Advanced Recycling Technologies Market Value Worldwide in 2021 and 2022, with Forecasts to 2031 (in Million U.S. Dollars)." Statista, Statista Inc., 8 Aug 2023, https://www.statista.com/statistics/1411368/advanced-recycling-technologies-market-value-worldwide/
BIS Research & Statista, Advanced recycling technologies market value worldwide in 2021 and 2022, with forecasts to 2031 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1411368/advanced-recycling-technologies-market-value-worldwide/ (last visited January 08, 2025)
Advanced recycling technologies market value worldwide in 2021 and 2022, with forecasts to 2031 (in million U.S. dollars) [Graph], BIS Research, & Statista, August 8, 2023. [Online]. Available: https://www.statista.com/statistics/1411368/advanced-recycling-technologies-market-value-worldwide/
