China Recycled Plastics Market Size & Outlook, 2023-2030
China recycled plastics market, 2018-2030 (US$M)
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China recycled plastics market highlights
- The China recycled plastics market generated a revenue of USD 12,386.0 million in 2023 and is expected to reach USD 24,262.9 million by 2030.
- The China market is expected to grow at a CAGR of 10.1% from 2024 to 2030.
- In terms of segment, polypropylene was the largest revenue generating product in 2023.
- Polyethylene Terephthalate is the most lucrative product segment registering the fastest growth during the forecast period.
Recycled plastics market data book summary
| Market revenue in 2023 | USD 12,386.0 million |
| Market revenue in 2030 | USD 24,262.9 million |
| Growth rate | 10.1% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene |
| Fastest growing segment | Polyethylene Terephthalate |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene |
| Key market players worldwide | Rethmann AG & Co. KG, Biffa, Stericycle Inc, Republic Services Inc, Waste Management Inc, Veolia Environnement SA, Shell PLC, Waste Connections Inc, Clean Harbors Inc, Covestro AG |
Other key industry trends
- In terms of revenue, China accounted for 25.4% of the global recycled plastics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China recycled plastics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 8,335.5 million by 2030.
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Recycled Plastics Market Scope
Recycled Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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China recycled plastics 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 recycled plastics market will help companies and investors design strategic landscapes.
Polypropylene was the largest segment with a revenue share of 30.2% in 2023. Horizon Databook has segmented the China recycled plastics market based on polyethylene, polyethylene terephthalate, polypropylene, polyvinyl chloride, polystyrene covering the revenue growth of each sub-segment from 2018 to 2030.
China recycled plastics market is a well-established one. However, the ban on import of 24 types of plastic waste is expected to hamper the growth of recycled plastics market in the country. China was the largest importer of plastics waste in the world before banning in December 2018.
Citing environment and health concerns at the World Trade Organization in July 2017, the country announced that it is going to stop the import of 24 types of waste, 5 of which were different types of plastics. This has redirected plastic waste to Southeast Asian countries in a huge quantity, which has compelled Chinese recyclers to relocate to Southeast Asia countries.
After the ban on import of plastic waste, the Chinese government is investing in developing plastic recycling facilities in other countries. Recently, Chinese Global Recycling company has invested USD 15 million in Georgia to develop a plastic recycling facility. Precious Plastic Shanghai, Kuusakoski, ANDRITZ, and Fukutomi Recycling Ltd. are some of the companies engaged in plastic recycling in the country.
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Our clientele includes a mix of recycled plastics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China recycled plastics market , including forecasts for subscribers. This country databook contains high-level insights into China recycled plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China recycled plastics market size, by product, 2018-2030 (US$M)
China Recycled Plastics Market Outlook Share, 2023 & 2030 (US$M)
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