In 2021, the global plastic recycling was estimated at roughly 40 billion U.S. dollars. This market was forecast to grow at a compound annual growth rate (CAGR) of seven percent between 2022 and 2031, to reach some 78 billion dollars in the latter year.
The global plastic waste industry has faced some challenges in recent years. New environmental regulations in China - once the main importer of plastic waste from around the world - resulted in a huge decline in the country's plastic imports from rich nations.
Market value of plastic recycling worldwide from 2021 to 2031
(in billion U.S. dollars)
* Figures from 2022 onwards are forecasts.
This Statista estimate is based on the 2031 values and the compound annual growth rate from 2022 to 2031 of seven percent, which were provided by the source. An exponential development of the market was assumed.
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Transparency Market Research, & Statista. (November 15, 2022). Market value of plastic recycling worldwide from 2021 to 2031 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/987522/global-market-size-plastic-recycling/
Transparency Market Research, und Statista. "Market value of plastic recycling worldwide from 2021 to 2031 (in billion U.S. dollars)." Chart. November 15, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/987522/global-market-size-plastic-recycling/
Transparency Market Research, Statista. (2022). Market value of plastic recycling worldwide from 2021 to 2031 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/987522/global-market-size-plastic-recycling/
Transparency Market Research, and Statista. "Market Value of Plastic Recycling Worldwide from 2021 to 2031 (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Nov 2022, https://www.statista.com/statistics/987522/global-market-size-plastic-recycling/
Transparency Market Research & Statista, Market value of plastic recycling worldwide from 2021 to 2031 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/987522/global-market-size-plastic-recycling/ (last visited November 21, 2024)
Market value of plastic recycling worldwide from 2021 to 2031 (in billion U.S. dollars) [Graph], Transparency Market Research, & Statista, November 15, 2022. [Online]. Available: https://www.statista.com/statistics/987522/global-market-size-plastic-recycling/
