The Global Recycled Plastic Market was valued at USD 62.17 Billion in 2024 and is projected to reach USD 109.29 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period (2025–2032). This robust growth is being driven by stringent government regulations, rising consumer awareness of sustainability, and the accelerating adoption of advanced recycling technologies across packaging, construction, and automotive sectors.

As the global economy transforms toward circular principles and waste reduction, the spotlight is on the key processors and material suppliers who are driving innovation, scaling operations, and building sustainable supply chains. In this blog, we profile the Top 10 Companies in the Recycled Plastic Industry—a mix of global leaders, specialized recyclers, and advanced technology pioneers shaping the future of plastic circularity.

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🔟 1. Veolia Environnement S.A.

Headquarters: Paris, France
Key Offering: Post-Consumer Recycled (PCR) resins, Recycling Services, Circular Economy Solutions

Veolia is a global leader in optimized resource management and a major force in the recycled plastics sector. Through its water, waste, and energy activities, Veolia collects and processes millions of tons of plastic waste annually, converting it into high-quality recycled polymers for various industries. The company operates advanced sorting and recycling facilities across Europe, North America, and Asia.

Sustainability Initiatives:

• Aiming to triple its plastic recycling capacity to 1.1 million metric tons by 2030

• Investing in advanced sorting technologies and chemical recycling projects

• Developing closed-loop solutions with major consumer packaged goods brands

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9️⃣ 2. Suez SA

Headquarters: Paris, France
Key Offering: rPET, rHDPE, rPP, Circular Polymer Production

Suez is another European giant in waste management and recycling, with a strong focus on producing high-quality recycled plastics. The company’s expertise spans the entire value chain, from collection and sorting to advanced mechanical recycling. Suez supplies certified recycled polymers to the packaging, automotive, and construction industries, emphasizing quality and traceability.

Sustainability Initiatives:

• Targeting 100% recycled plastic production for specific polymer streams by 2025

• Pioneering digital watermarks on packaging for improved sorting accuracy

• Strategic partnerships to develop food-grade recycled plastic supply chains

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8️⃣ 3. B. Schoenberg & Co., Inc.

Headquarters: New York, USA
Key Offering: Reprocessed Plastic Compounds, Custom Formulations

B. Schoenberg & Co. is a prominent international supplier of recycled plastic resins and compounds. The company specializes in sourcing, processing, and distributing a wide range of post-industrial and post-consumer recycled plastics. With a focus on quality and consistency, they serve diverse markets, including injection molding, extrusion, and blow molding applications.

Sustainability Initiatives:

• Global sourcing network for consistent feedstock supply

• Quality assurance protocols to meet stringent industry specifications

• Custom compounding services to meet specific customer sustainability goals

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7️⃣ 4. REPLAS

Headquarters: Melbourne, Australia
Key Offering: Recycled Plastic Products, Outdoor Furniture, Building Materials

REPLAS is a leading Australian recycler that transforms end-of-life plastic into durable, long-lasting products. The company is renowned for turning problematic plastic waste, such as soft plastics and mixed polymers, into high-value items like park benches, bollards, decking, and outdoor furniture, showcasing a practical application of the circular economy.

Sustainability Initiatives:

• Diverting over 20,000 tons of plastic from landfill annually

• Developing innovative solutions for hard-to-recycle plastic streams

• Close collaboration with local councils and brand owners for waste collection

Download FREE Sample Report: Recycled Plastic Market – View in Detailed Research Report

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6️⃣ 5. Advanced Environmental Recycling Technologies, Inc. (AERT)

Headquarters: Springdale, Arkansas, USA
Key Offering: MoistureShield® Composite Decking, Recycled Plastic Lumber

AERT is a pioneer in manufacturing high-performance composite building products from recycled polyethylene film and wood waste. Its flagship MoistureShield decking brand is a leader in the market, demonstrating that recycled plastic can be used to create premium, durable products for the construction industry, effectively closing the loop on plastic film waste.

Sustainability Initiatives:

• Diverting millions of pounds of plastic film from landfills each year

• Producing composite materials with up to 100% recycled plastic content

• Focus on creating durable products with long lifespans to maximize resource efficiency

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5️⃣ 6. PLASgran Ltd.

Headquarters: Cambridge, United Kingdom
Key Offering: High-Quality PCR Plastics, Custom Recycling Services

PLASgran is one of the UK’s largest plastic recyclers, processing over 200,000 tonnes of plastic per year. The company produces a comprehensive range of rigorously tested recycled polymer grades, including rPET, rPP, rHDPE, and rLDPE, which are used by leading manufacturers across Europe. Their focus on quality and technical support has made them a key supplier in the region.

Sustainability Initiatives:

• Operating one of Europe’s most advanced plastic recycling facilities

• Developing specialized grades for food-contact and high-performance applications

• Investing in R&D to improve recycling processes and material properties

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4️⃣ 7. KW Plastics

Headquarters: Troy, Alabama, USA
Key Offering: Recycled HDPE and PP Pellets

KW Plastics is the world’s largest recycler of HDPE and PP, processing billions of bottles and containers annually. The company’s massive-scale operations allow it to produce consistent, high-quality recycled resins that compete directly with virgin materials. KW Plastics is a critical supplier to numerous industries, including packaging, automotive, and consumer goods.

Sustainability Initiatives:

• Recycling over 1 billion pounds of plastic annually

• Advanced washing and purification technology ensuring high material purity

• Leading the development of closed-loop recycling systems for major brands

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3️⃣ 8. Clear Path Recycling

Headquarters: Fayetteville, North Carolina, USA
Key Offering: Food-Grade rPET Flake and Pellets

A joint venture between Far Eastern New Century and Phoenix Technologies, Clear Path Recycling is a major producer of food-grade recycled PET in North America. The company specializes in the bottle-to-bottle recycling loop, transforming post-consumer PET bottles into clean, high-quality flake and pellets suitable for new food and beverage packaging.

Sustainability Initiatives:

• Enabling major beverage companies to meet their recycled content goals

• State-of-the-art facility designed specifically for food-contact material production

• Strategic location supporting efficient collection and distribution networks

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2️⃣ 9. CarbonLITE Industries

Headquarters: Dallas, Texas, USA
Key Offering: Premium Food-Grade rPET

CarbonLITE is a leading producer of 100% post-consumer recycled PET, operating large-scale recycling facilities in California, Pennsylvania, and Texas. The company is a key supplier to the beverage industry, providing the high-purity rPET needed for bottle-to-bottle recycling. CarbonLITE’s focus on innovation and scale has positioned it as a critical enabler of packaging circularity.

Sustainability Initiatives:

• Processing over 7 billion bottles annually across its facilities

• Pioneering processes to remove contaminants and ensure food-grade safety

• Long-term supply agreements supporting industry-wide sustainability targets

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1️⃣ 10. Kuusakoski Group

Headquarters: Espoo, Finland
Key Offering: Recycled Plastics, Metal and Electronics Recycling

Kuusakoski is a Scandinavian leader in recycling, with over 120 years of experience and operations in 10 countries. The company’s plastic recycling division focuses on producing high-quality recycled polymers from complex waste streams, including WEEE (Waste Electrical and Electronic Equipment) and ELV (End-of-Life Vehicles), demonstrating expertise in handling challenging materials.

Sustainability Initiatives:

• Advanced mechanical recycling processes for complex plastic mixtures

• Focus on recovering plastics from durable goods for high-value applications

• Commitment to R&D for improving recycling rates and material quality

Get Full Report Here: Recycled Plastic Market – View in Detailed Research Report

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🌍 Outlook: The Future of Recycled Plastic Is High-Value and Circular

The recycled plastic market is undergoing a fundamental transformation. While traditional mechanical recycling still dominates, the industry is investing heavily in advanced recycling technologies, digital traceability, and circular business models that prioritize material quality and closed-loop systems.

📈 Key Trends Shaping the Market:

• Rapid expansion of chemical recycling capacity to handle complex plastics

• Regulatory push for mandatory recycled content targets (e.g., 30% by 2030 in the EU)

• Digital watermarking and blockchain for enhanced traceability and sorting efficiency

• Brand-recycler partnerships to secure long-term, high-quality recycled material supply

Get Full Report Here: Recycled Plastic Market – View in Detailed Research Report

The companies listed above are not only processing plastic waste—they’re building the infrastructure and innovation needed for a truly circular plastics economy.