The Global Circular Polymer Market was valued at USD 633 million in 2023 and is projected to reach USD 1,096.99 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 6.30% during the forecast period (2024–2032). This expansion is driven by stringent environmental regulations, corporate net-zero commitments, and accelerating adoption of circular economy models across packaging, automotive, and textile industries.

As polymer producers transition from linear to circular production models, innovators are developing advanced mechanical and chemical recycling technologies. This report profiles the Top 10 Companies in the Circular Polymer Industry—pioneers transforming plastic waste into high-performance materials through cutting-edge recycling processes.

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1. LyondellBasell Industries

Headquarters: Houston, Texas, USA
Key Offering: Circulen Recycled Polymers

LyondellBasell operates one of Europe’s largest mechanical recycling facilities through its joint venture Quality Circular Polymers, producing 35,000 metric tons/year of food-grade recycled polymers. Their proprietary molecular sorting technology enables high-purity plastic regeneration.

Sustainability Initiatives:

• 2 million tons/year recycled and renewable-based polymers target by 2030
• Chemical recycling investments through partnerships with Carbios and Shell
• World’s first renewable-based PP production at commercial scale

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2. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: TRUCIRCLE™ portfolio

SABIC processes over 200,000 metric tons/year of mixed plastic waste through advanced pyrolysis technology, supplying certified circular polymers to global brands in electronics, packaging and automotive sectors.

Sustainability Initiatives:

• World-scale chemical recycling plant operational in Netherlands
• Expanding pyrolysis oil partnerships across Asia and Europe

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3. Borealis AG

Headquarters: Vienna, Austria
Key Offering: Borcycle™ recycled polymers

Borealis’ mechanical and chemical recycling facilities across Europe produce high-performance recycled polymers compliant with medical and food contact applications through proprietary purification processes.

Sustainability Initiatives:

• €600 million investment in advanced recycling infrastructure
• Industry-first food-grade recycled PP production

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4. Plastic Energy

Headquarters: London, UK
Key Offering: TACOIL pyrolysis feedstock

This chemical recycling pioneer converts end-of-life plastics into premium polymer feedstock through proprietary thermal anaerobic conversion technology, supplying major petrochemical companies.

Sustainability Initiatives:

• Two commercial plants operational in Spain
• Strategic partnerships with ExxonMobil and TotalEnergies

Download FREE Sample Report: Global Circular Polymer Market – View in Detailed Research Report

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5. Berry Global

Headquarters: Evansville, Indiana, USA
Key Offering: PCR packaging solutions

Berry Global processes over 1.5 billion pounds annually of post-consumer recycled materials into sustainable packaging solutions for healthcare, food service and consumer goods markets.

Sustainability Initiatives:

• 30% recycled content across product portfolio by 2025
• Closed-loop recycling programs with major retailers

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6. Indorama Ventures

Headquarters: Bangkok, Thailand
Key Offering: rPET fibers and resins

As the world’s largest PET resin producer, Indorama is investing $1.5 billion to expand its recycling capacity to 750,000 tons/year by 2025, supplying recycled PET for packaging and textile applications.

Sustainability Initiatives:

• Mechanical and chemical recycling facilities across 10 countries
• Partnerships with global beverage brands for bottle-to-bottle recycling

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7. Jindal Films

Headquarters: New Delhi, India
Key Offering: Recycled BOPP and PET films

Asia’s leading specialty films manufacturer has committed to 40% recycled content in products by 2025, using proprietary decontamination processes to meet stringent quality requirements.

Sustainability Initiatives:

• Mechanical recycling operations in India and Europe
• Developing chemical recycling solutions for multi-layer films

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8. Alpek Polyester

Headquarters: San Pedro Garza García, Mexico
Key Offering: rPET and rPEF

Alpek operates one of the largest food-grade PET recycling facilities in the Americas, processing over 200,000 metric tons annually of post-consumer PET bottles into high-quality recycled resin.

Sustainability Initiatives:

• Dak Renewables JV for innovative rPET technologies
• PET recycling facilities in USA, Mexico and Brazil

Download FREE Sample Report: Global Circular Polymer Market – View in Detailed Research Report

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9. Veolia Polymers

Headquarters: Paris, France
Key Offering: Closed-loop recycling services

Veolia’s European recycling network processes over 400,000 tons/year of plastic waste into high-quality post-consumer recycled polymers for automotive, construction and packaging sectors.

Sustainability Initiatives:

• Automotive polymer recovery programs with major OEMs
• Chemical recycling demonstration plants in development

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10. Loop Industries

Headquarters: Terrebonne, Canada
Key Offering: PureCycle™ recycled PET

Loop’s patented depolymerization technology breaks down PET plastic waste into virgin-quality monomer feedstock, enabling infinite recycling of PET with no degradation in quality.

Sustainability Initiatives:

• Strategic partnerships with LVMH and L’Oréal
• First commercial plant operational in South Carolina, USA

Get Full Report Here: Global Circular Polymer Market – View in Detailed Research Report

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Outlook: The Circular Materials Revolution Gains Momentum

The circular polymer industry is entering a phase of accelerated growth, driven by Extended Producer Responsibility (EPR) regulations and ambitious corporate sustainability targets. Leading companies are investing billions to scale advanced recycling technologies capable of producing food-grade recycled materials.

Key Market Trends:

• 80+ chemical recycling projects announced globally by 2025
• Brand commitments reaching 50% recycled content across packaging portfolios
• Digital watermarking technologies enabling smarter sorting
• Regulatory bans on single-use plastics expanding across 100+ countries

Get Full Report Here: Global Circular Polymer Market – View in Detailed Research Report

The companies profiled above are at the forefront of transforming plastic waste into valuable resources—pioneering the circular materials economy of the future.