The Global Recycled Plastic Material Market was valued at USD 55.2 Billion in 2023 and is projected to reach USD 92.5 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.3% during the forecast period (2023–2030). This robust growth is fueled by stringent government regulations on single-use plastics, rising consumer demand for sustainable products, and significant corporate commitments to incorporating recycled content across packaging and manufacturing sectors.

As the global economy accelerates its transition toward a circular model, the companies leading the charge in plastic recycling are becoming pivotal players. They are not just waste managers; they are material innovators creating high-value products from post-consumer and post-industrial waste. In this blog, we profile the Top 10 Companies in the Recycled Plastic Material Industry—pioneers in advanced sorting, processing, and compounding technologies that are closing the loop on plastic waste.

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🔟 1. Veolia Environnement S.A.

Headquarters: Paris, France
Key Offering: High-Quality Recycled Polymers (rPET, rHDPE, rPP)

Veolia is a global leader in optimized resource management, with a massive recycling division that processes hundreds of thousands of tons of plastic annually. The company operates state-of-the-art sorting and washing facilities that produce food-grade and non-food-grade recycled resins for a wide range of industries, from packaging to automotive.

Sustainability Initiatives:

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

• Developing advanced chemical recycling partnerships to handle complex plastic waste streams

• Global network of recycling plants ensuring localized supply chains

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9️⃣ 2. Suez SA

Headquarters: Paris, France
Key Offering: Customized Recycled Plastic Compounds, rPET Flakes

SUEZ is another European giant in waste and water management, with a strong focus on plastic recycling innovation. The company transforms collected plastic waste into high-purity raw materials, supporting the circular economy goals of major brands in the FMCG and textile sectors.

Sustainability Initiatives:

• Investment in smart sorting technologies using AI and robotics to improve purity rates

• Commitment to producing 100% recycled and recyclable solutions for its partners

• Active participation in global initiatives like the New Plastics Economy

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8️⃣ 3. KW Plastics

Headquarters: Troy, Alabama, USA
Key Offering: Post-Consumer Recycled (PCR) HDPE and PP

KW Plastics is the world’s largest recycler of HDPE and polypropylene, processing over one billion pounds of plastic annually. The company is renowned for its closed-loop recycling systems, supplying major brands with consistent, high-quality recycled resins.

Sustainability Initiatives:

• Pioneering advanced recycling processes for colored and hard-to-recycle PP materials

• Strong partnerships with municipal recycling programs across the United States

• Focusing on creating recycled materials that meet stringent FDA standards for food contact

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7️⃣ 4. B&B Plastics Inc.

Headquarters: McDonough, Georgia, USA
Key Offering: Reprocessed Engineering Plastics (ABS, Nylon, PC)

B&B Plastics specializes in the recycling of post-industrial engineering plastics. The company has carved a niche by providing high-performance recycled materials that meet the demanding specifications of the automotive, electronics, and construction industries.

Sustainability Initiatives:

• Expertise in reprocessing complex plastic alloys and composites

• Developing proprietary blending techniques to ensure material consistency

• Helping manufacturers reduce their carbon footprint and raw material costs

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Global Recycled Plastic Material Market – View in Detailed Research Report

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6️⃣ 5. Jayplas

Headquarters: Derbyshire, United Kingdom
Key Offering: rPET Pellets, rHDPE, Film Recycling

Jayplas is a leading UK-based plastic recycler with integrated operations from collection and sorting to reprocessing. The company supplies the packaging industry with high-quality recycled materials, playing a critical role in helping the UK meet its plastic packaging tax obligations.

Sustainability Initiatives:

• Operating one of the most advanced film recycling plants in Europe

• Investing in decontamination technologies to produce food-grade rPET

• Closed-loop solutions for major supermarkets and beverage brands

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5️⃣ 6. MBA Polymers Inc.

Headquarters: Richmond, California, USA
Key Offering: High-Value Recycled Engineering Plastics

MBA Polymers is a global leader in recycling plastics from end-of-life durable goods like electronics, appliances, and automobiles. The company uses sophisticated separation technology to produce high-purity recycled ABS, PS, PP, and PC that are virtually indistinguishable from virgin materials.

Sustainability Initiatives:

• Specializes in recovering plastics from complex waste streams that are typically landfilled

• Global operations with facilities in Europe, Asia, and North America

• Focus on creating recycled materials with consistent mechanical properties for demanding applications

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4️⃣ 7. Plastipak Holdings, Inc.

Headquarters: Plymouth, Michigan, USA
Key Offering: Clean Tech PET Recycling, rPET Resins

Plastipak is a leading global manufacturer of plastic containers and a pioneer in PET recycling through its Clean Tech division. The company operates one of the world’s largest and most advanced bottle-to-bottle recycling plants, producing food-grade rPET for its own packaging and external customers.

Sustainability Initiatives:

• Advanced washing and purification processes that meet global food safety standards

• Vertically integrated model from recycling to packaging manufacturing

• Commitment to incorporating recycled content across its product portfolio

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3️⃣ 8. Indorama Ventures Public Company Limited

Headquarters: Bangkok, Thailand
Key Offering: Integrated rPET Value Chain Solutions

As one of the world’s largest PET resin producers, Indorama Ventures has made massive investments in recycling to support the circular economy. The company is rapidly scaling its recycling operations globally to meet the growing demand for sustainable packaging materials.

Sustainability Initiatives:

• Planned investment of $1.5 billion to expand recycling capacity to 1.5 million tons annually by 2025

• Strategic acquisitions of recycling companies in the US, Europe, and Asia

• Development of bottle-to-bottle recycling technologies for carbonated soft drink applications

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2️⃣ 9. Far Eastern New Century Corporation (FENC)

Headquarters: Taipei, Taiwan
Key Offering: Circular PET Solutions, Textile-to-Textile Recycling

FENC is a global leader in the production of recycled polyester, offering solutions for both packaging and textiles. The company has developed innovative Chemical Recycling technologies that can break down colored and mixed polyester waste into virgin-quality materials.

Sustainability Initiatives:

• Pioneering work in chemical recycling for textile waste, a major sustainability challenge

• Production of rPET with up to 100% recycled content for food and beverage packaging

• Comprehensive sustainability strategy targeting carbon neutrality across operations

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1️⃣ 10. ALPLA Werke Alwin Lehner GmbH & Co KG

Headquarters: Hard, Austria
Key Offering: Recycled Packaging Materials, Circular Packaging Solutions

ALPLA is a leading packaging solutions provider with a strong integrated recycling division. The company operates recycling plants that process PET and HDPE into high-quality recycled materials used in its own packaging production and sold to other manufacturers.

Sustainability Initiatives:

• Joint ventures with major brands to establish dedicated recycling facilities

• Investment in advanced recycling technologies including chemical recycling pilot plants

• Global recycling strategy with facilities in Europe, North America, and Asia

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

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

The recycled plastic material market is undergoing a fundamental transformation. While mechanical recycling still dominates, the industry is rapidly adopting advanced recycling technologies to handle more complex waste streams and produce higher-value materials.

📈 Key Trends Shaping the Market:

• Rapid expansion of chemical recycling capacity to process mixed and contaminated plastics

• Increasing regulatory mandates for minimum recycled content in packaging (e.g., EU’s Single-Use Plastics Directive)

• Digitalization of waste collection and sorting through AI, robotics, and blockchain for traceability

• Brand-manufacturer partnerships to create closed-loop systems for specific products

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

The companies listed above are not just processing plastic waste—they’re building the infrastructure for a truly circular plastic economy.