Global Microplastic Recycling Market Size & Outlook
Global microplastic recycling market, 2018-2030 (US$M)
Related Markets
Global microplastic recycling market highlights
- The global microplastic recycling market generated a revenue of USD 283.6 million in 2023 and is expected to reach USD 448.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.8% by 2030.
- In terms of segment, secondary accounted for a revenue of USD 216.5 million in 2023.
- Primary is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 283.6 million |
| Market revenue in 2030 | USD 448.5 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Secondary |
| Fastest growing segment | Primary |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Primary, Secondary |
Other key industry trends
- In terms of revenue, the North America accounted for 28.4% of the global microplastic recycling market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, France is the fastest growing regional market and is projected to reach USD 20.3 million by 2030.
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Microplastic Recycling Market Scope
Microplastic Recycling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global microplastic recycling market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to microplastic recycling market will help companies and investors design strategic landscapes.
Secondary was the largest segment with a revenue share of 76.34% in 2023. Horizon Databook has segmented the Global microplastic recycling market based on primary, secondary covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Microplastic Recycling Product Outlook (Revenue, USD Million, 2018-2030)
- Primary
- Secondary
- Global Microplastic Recycling Application Outlook (Revenue, USD Million, 2018-2030)
- Packaging
- Agriculture
- Consumer goods
- Textile
- Automotive & Transportation
- Building & Construction
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global microplastic recycling market , including forecasts for subscribers. This global databook contains high-level insights into Global microplastic recycling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global microplastic recycling market size, by region, 2018-2030 (US$M)
Top 10 countries: Microplastic recycling market size, 2023 (US$M)
Global microplastic recycling market share, by product, 2023 & 2030 (%, US$M)
Microplastic recycling market: Opportunity assessment by country
Global microplastic recycling market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 63.0 | 67.3 | 66.9 | 71.6 | 76.0 | 80.5 | 85.6 | 91.0 | 97.0 | 103.9 | 110.4 | 119.1 | 128.5 | 6.9% |
| Europe | 99.7 | 106.0 | 104.6 | 111.4 | 117.7 | 124.1 | 131.2 | 138.8 | 147.2 | 155.5 | 165.6 | 177.1 | 189.4 | 6.2% |
| Asia Pacific | 42.2 | 45.4 | 45.3 | 48.8 | 53.5 | 58.4 | 61.6 | 65.6 | 70.2 | 74.6 | 80.2 | 87.9 | 95.4 | 7.3% |
| Latin America | 11.0 | 11.9 | 11.9 | 12.9 | 13.3 | 14.3 | 15.5 | 16.7 | 18.1 | 19.6 | 21.3 | 23.3 | 25.3 | 8.4% |
| MEA | 5.7 | 6.2 | 6.3 | 6.9 | 6.7 | 6.2 | 7.1 | 7.7 | 8.5 | 9.6 | 10.4 | 9.7 | 9.9 | 6.9% |
| Overall | 221.6 | 236.7 | 235.0 | 251.5 | 267.1 | 283.6 | 301.0 | 319.8 | 341.0 | 363.2 | 387.9 | 417.0 | 448.5 | 6.8% |
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