UK Recycled Plastics Market Size & Outlook, 2023-2030
UK recycled plastics market, 2018-2030 (US$M)
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UK recycled plastics market highlights
- The UK recycled plastics market generated a revenue of USD 834.5 million in 2023 and is expected to reach USD 1,583.6 million by 2030.
- The UK market is expected to grow at a CAGR of 9.6% from 2024 to 2030.
- In terms of segment, polyethylene was the largest revenue generating product in 2023.
- Polypropylene 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 834.5 million |
| Market revenue in 2030 | USD 1,583.6 million |
| Growth rate | 9.6% (CAGR from 2023 to 2030) |
| Largest segment | Polyethylene |
| Fastest growing segment | Polypropylene |
| 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, UK accounted for 1.7% 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 Europe, Germany recycled plastics market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 2,233.1 million by 2030.
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Recycled Plastics Market Scope
Recycled Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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.
Polyethylene was the largest segment with a revenue share of 33.05% in 2023. Horizon Databook has segmented the UK recycled plastics market based on polyethylene, polyethylene terephthalate, polypropylene, polyvinyl chloride, polystyrene covering the revenue growth of each sub-segment from 2018 to 2030.
The UK Government has taken steps towards creating a circular economy for plastics, with a specific focus on plastic packaging. This sector generates almost 70% of plastic waste in the UK, making it a key priority for the country's efforts to reduce waste.
The UK Research and Innovation (UKRI) has invested USD 25.8 million in order to ramp up the recycling capacity of the country. The investment has been done primarily in four companies engaged in plastic recycling, namely Veolia, ReNew ELP, Recycling Technologies, and Poseidon Plastics.
In addition, Eco Recycling Ltd, 99P Recycling, Rubber & Plastic Collection Services Limited, and Recycled UK Ltd are some other companies engaged in plastic recycling in the UK.
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Target buyers of UK recycled plastics market databook
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Our clientele includes a mix of recycled plastics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UK recycled plastics market , including forecasts for subscribers. This country databook contains high-level insights into UK recycled plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK recycled plastics market size, by product, 2018-2030 (US$M)
UK Recycled Plastics Market Outlook Share, 2023 & 2030 (US$M)
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