U.S. Recycled Plastics Market Size & Outlook, 2023-2030
U.S. recycled plastics market, 2018-2030 (US$M)
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U.S. recycled plastics market highlights
- The U.S. recycled plastics market generated a revenue of USD 3,683.6 million in 2023 and is expected to reach USD 6,482.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 8.4% 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 3,683.6 million |
| Market revenue in 2030 | USD 6,482.0 million |
| Growth rate | 8.4% (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, U.S. accounted for 7.6% 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 North America, Canada recycled plastics market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 8,515.1 million by 2030.
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Recycled Plastics Market Scope
Recycled Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 31.93% in 2023. Horizon Databook has segmented the U.S. recycled plastics market based on polyethylene, polyethylene terephthalate, polypropylene, polyvinyl chloride, polystyrene covering the revenue growth of each sub-segment from 2018 to 2030.
According to the U.S. Environmental Protection Agency, the demand for plastics in the country is approximately 37 million tons per annum; single-use plastics constitute 50% of the demand. The U.S.’s plastic recycling rate is low as the plastic waste generated in the country is exported to other countries for recycling.
Various cities in the U.S., such as Seattle, Phoenix, and Austin, have plastic recycling incentives were residents are charged for landfill waste streams and not cost of recycling waste streams. Cities such as Charlotte, Houston, and Chicago are the least performing cities in terms of plastic recycling.
Polyethylene terephthalate, low-density polyethylene, high-density polyethylene, polypropylene, polyvinyl chloride, and polystyrene are the most common types of plastic waste in the country. These plastics are used to produce food & beverage bottles, films & wraps, bottles caps, containers, and blister packs among other products.
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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 U.S. recycled plastics market , including forecasts for subscribers. This country databook contains high-level insights into U.S. recycled plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. recycled plastics market size, by product, 2018-2030 (US$M)
U.S. Recycled Plastics Market Outlook Share, 2023 & 2030 (US$M)
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