The global recycled plastic granules market is estimated to be valued at USD 3.25 Bn in 2024 and is expected to reach USD 4.43 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031. The global recycled plastic granules market has seen steady growth over the past few years owing to the increasing awareness about environmental degradation caused by plastic pollution. Recycled plastic granules are made from plastic waste which gets collected, sorted, and processed. These granules help reduce the demand for virgin plastic over conventional plastic materials. Strict government regulations such as extended producer responsibility (EPR) pertaining to the use of recycled content in plastic products along with measures encouraging waste management practices across industries have propelled the demand for recycled plastic granules. However, high production costs and difficulties associated with sorting plastic waste continues to limit the market potential to a certain extent.

Market Dynamics:

The global recycled plastic granules market is driven by the stringent regulations being imposed by various governments mandating the use of recycled plastic content in packaging and other plastic products. For instance, the European Union has mandated that plastic packaging should contain at least 30% of recycled content starting 2030. Moreover, factors such as rising environmental awareness, depletion of fossil fuels, and growing plastic waste have created the need for effective waste management solutions bolstering market growth. However, high costs associated with plastic sorting and processing continues to restrain market expansion to some extent. On the other hand, the development of advanced recycling technologies is expected to present lucrative opportunities for market players over the forecast period.

Key Features of the Study:

- This report provides in-depth analysis of the global recycled plastic granules market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players like Veolia Environnement S.A., BASF SE, Plastipak Holdings, Inc., Suez Recycling and Recovery, Repreve (Unifi, Inc.), Clear Path Recycling, Green Line Polymers, Customized Polymers, Inc., KW Plastics, EcoStar, A&E Plastics, Inc., Berry Global, Inc., Loop Industries, Inc., RPC Group plc, and Constar International LLC

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

- The global recycled plastic granules market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global recycled plastic granules market

Market Segmentation

•  Product Type Insights (Revenue, USD Bn, 2019 - 2031)
• • PP Granules
  • PE Granules
  • HDPE Granules
  • LDPE Granules
  • Polycarbonate Granules
  • Polystyrene Granules
  • Others
•  Application Insights (Revenue, USD Bn, 2019 - 2031)
• • Automotive
  • Consumer Product
  • Textile
  • Others
• Regional Insights (Revenue, USD Bn, 2019 - 2031)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • Veolia Environnement S.A.
  • BASF SE
  • Plastipak Holdings, Inc.
  • Suez Recycling and Recovery
  • Repreve (Unifi, Inc.)
  • Clear Path Recycling
  • Green Line Polymers
  • Customized Polymers, Inc.
  • KW Plastics
  • EcoStar
  • A&E Plastics, Inc.
  • Berry Global, Inc.
  • Loop Industries, Inc.
  • RPC Group plc
  • Constar International LLC