The Global Circular Polymer Market was valued at USD 673.38 million in 2023 and is projected to reach USD 971.54 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 6.30% during the forecast period (2024–2029). This growth is driven by stringent global regulations on plastic waste, increasing consumer demand for sustainable products, and significant corporate investments in advanced recycling technologies.

As the world pivots from a linear “take-make-dispose” model to a circular economy, the focus intensifies on innovators transforming plastic waste into valuable resources. In this blog, we profile the Top 10 Companies in the Circular Polymer Industry—a dynamic mix of chemical giants, dedicated recycling specialists, and technology pioneers shaping a sustainable future for plastics.

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🔟 1. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: TRUCIRCLE™ portfolio, including certified circular polymers from advanced recycling

SABIC is a global chemical industry leader with a strong commitment to circularity. Its TRUCIRCLE™ initiative encompasses a wide range of circular solutions, including polymers derived from chemically recycled mixed plastic waste, which are certified for use in food-contact and high-performance applications.

Sustainability Initiatives:

• Pioneering chemical recycling partnerships to process hard-to-recycle plastics

• Supplying major brands like Unilever and Tupperware with certified circular polymers

• Targeting 1 million metric tons of circular polymer solutions annually by 2030

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

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9️⃣ 2. Borealis AG

Headquarters: Vienna, Austria
Key Offering: Borcycle™ portfolio of recycled polyolefins

Borealis is a leading provider of polyolefins and base chemicals, with a strong focus on advanced mechanical and chemical recycling. Its Borcycle™ technology transforms post-consumer plastic waste into high-quality polymers for demanding applications in automotive, infrastructure, and consumer goods.

Sustainability Initiatives:

• Expanding recycling capacity through projects like a flagship advanced recycling plant in Belgium

• Commitment to integrating 600,000 tons of recycled materials and renewable-based products into its portfolio by 2025

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8️⃣ 3. TotalEnergies

Headquarters: Paris, France
Key Offering: Circular compounds and RE:use recycled polymers

TotalEnergies is advancing its circular polymer offerings through its polymer business, producing high-performance recycled polypropylene and polyethylene. The company focuses on creating a closed-loop system by collaborating across the value chain, from waste management to brand owners.

Sustainability Initiatives:

• Aiming to produce 30% circular polymers by 2030

• Developing advanced recycling projects at its European production sites

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7️⃣ 4. Plastic Energy

Headquarters: London, United Kingdom
Key Offering: TACOIL from patented chemical recycling technology

Plastic Energy is a global leader in chemical recycling, converting end-of-life plastic waste into a recycled oil (TACOIL) that can be used to create virgin-quality polymers. The company operates commercial recycling plants in Spain and has numerous projects under development worldwide.

Sustainability Initiatives:

• Strategic partnerships with SABIC, ExxonMobil, and others to supply TACOIL for circular polymer production

• Goal of building and operating multiple new chemical recycling plants globally by 2025

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

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6️⃣ 5. Circular Polymers (A Ravago Company)

Headquarters: Fowlerville, Michigan, USA
Key Offering: Ultra-clean, pelletized post-consumer and post-industrial recycled polymers

Circular Polymers is a specialist in producing high-quality recycled engineering resins, including PA, PBT, and PP. As part of the global Ravago Group, it leverages extensive logistics and distribution networks to supply a consistent stream of circular materials to manufacturers.

Sustainability Initiatives:

• Advanced purification processes yielding recycled polymers with near-virgin quality

• Processing over 100 million pounds of plastic waste annually

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5️⃣ 6. Jindal Films

Headquarters: New Delhi, India
Key Offering: Jindracycle® range of mono-material recyclable and recycled content BOPP films

Jindal Films is a leading producer of Biaxially Oriented Polypropylene (BOPP) and Polyethylene (BOPE) films. The company focuses on designing for recyclability and incorporating recycled content into its high-performance packaging films for the food and consumer goods industries.

Sustainability Initiatives:

• Developing mono-material, recyclable film structures to replace multi-layer laminates

• Investing in R&D to increase the proportion of post-consumer recycled (PCR) content in its products

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4️⃣ 7. Quality Circular Polymers (QCP)

Headquarters: Heerlen, Netherlands
Key Offering: High-quality recycled HDPE and PP pellets

QCP, a joint venture between LyondellBasell and SUEZ, specializes in converting household plastic waste into premium-grade recycled polymers. Its advanced sorting and washing technologies produce materials suitable for high-value applications like packaging and consumer products.

Sustainability Initiatives:

• Processing over 35,000 tons of post-consumer plastic packaging waste annually

• Polymers are certified for use in direct food contact applications

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3️⃣ 8. Advanced Circular Polymers

Headquarters: Michigan, USA
Key Offering: Custom-engineered recycled thermoplastic compounds

This company specializes in creating high-performance recycled polymer compounds tailored to specific customer requirements. They focus on diverting complex plastic waste streams, such as electronics and automotive parts, from landfills by converting them into valuable raw materials.

Sustainability Initiatives:

• Expertise in recycling engineering plastics like ABS, PC, and PC/ABS blends

• Closed-loop solutions for manufacturers seeking to incorporate post-industrial waste back into their products

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2️⃣ 9. LyondellBasell

Headquarters: Houston, Texas, USA / Rotterdam, Netherlands
Key Offering: Circulen and CirculenRecover portfolio of circular solutions

LyondellBasell, one of the world’s largest plastics, chemicals, and refining companies, is aggressively expanding its circular economy footprint. Its Circulen products encompass polymers made from renewable resources, mechanically recycled content, and advanced recycled raw materials.

Sustainability Initiatives:

• Aiming to produce and market 2 million tons of circular and renewable-based polymers annually by 2030

• Owns a 50% stake in Quality Circular Polymers (QCP)

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1️⃣ 10. Veolia

Headquarters: Paris, France
Key Offering: PlastiLoop recycled polymer resins and compounds

Veolia, a global leader in optimized resource management, operates a significant plastics recycling division. Through its PlastiLoop brand, it supplies high-quality recycled polyolefins and styrenics, leveraging its extensive waste collection and sorting infrastructure.

Sustainability Initiatives:

• Targets to triple its plastic recycling capacity to 1.1 million metric tons by 2025

• Developing integrated recycling hubs worldwide to localize circular polymer production

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

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🌍 Outlook: The Future of Circular Polymers is Integrated and Innovative

The circular polymer market is at a pivotal stage of evolution. While mechanical recycling currently dominates, the industry is rapidly scaling up advanced recycling technologies to handle complex waste streams and meet high purity standards for food-contact and medical applications.

📈 Key Trends Shaping the Market:

• Expansion of chemical recycling infrastructure in Europe and North America

• Mandatory recycled content regulations driving demand (e.g., EU Single-Use Plastics Directive)

• Increased brand owner commitments to using circular polymers in packaging

• Technology advancements improving the quality and cost-effectiveness of recycled polymers

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

The companies listed above are not only processing plastic waste—they’re reconstructing the foundation of the plastics industry for a sustainable, circular future.