The Global Advanced Plastics Recycling Market was valued at USD 2.78 Billion in 2025 and is projected to reach USD 6.31 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period (2025–2034). This robust growth is propelled by mounting pressure to mitigate plastic pollution, stringent government regulations, and ambitious corporate commitments to incorporate recycled content.

As the world pivots toward a circular economy, the spotlight falls on the innovative companies transforming plastic waste into valuable resources. In this blog, we profile the Top 10 Companies in the Advanced Plastics Recycling Industry— a dynamic mix of chemical giants, specialized technology developers, and strategic partnerships shaping the future of sustainable materials.

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🔟 1. Eastman

Headquarters: Kingsport, Tennessee, USA
Key Offering: Molecular Recycling Technologies (Polyester Renew, Carbon Renewal)

Eastman is a global specialty materials company that has made significant investments in advanced recycling. Its molecular recycling technologies break down waste plastics, including complex and colored materials, back to their molecular building blocks for the production of new, high-quality polymers.

Sustainability Initiatives:

• Committed to recycling more than 500 million pounds of plastic waste annually by 2030

• Partnering with major brands like Estée Lauder and Procter & Gamble

• Investing over $1 billion in a molecular recycling facility in France

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9️⃣ 2. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: Certified Circular Polymers (from pyrolysis oil)

SABIC, a global leader in the chemical industry, is at the forefront of scaling advanced recycling. Through its TRUCIRCLE™ portfolio, it produces certified circular polymers derived from the pyrolysis of mixed plastic waste, which are drop-in solutions for various applications, including food packaging.

Sustainability Initiatives:

• Strategic collaboration with Plastic Energy to build commercial advanced recycling units

• Aims to reach 1 million metric tons of circular polymer capacity by 2030

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8️⃣ 3. Mura Technology

Headquarters: London, United Kingdom
Key Offering: HydroPRS™ (Hydrothermal Plastic Recycling Solution)

Mura Technology is a pioneering force with its unique HydroPRS process, which uses supercritical steam to convert mixed plastic waste into valuable chemicals and oils. The technology is designed for rapid scalability and handles plastics that are traditionally hard to recycle.

Sustainability Initiatives:

• Plans for multiple global plants with a combined capacity of 1 million tons annually by 2025

• Partnerships with Dow and Igus to scale technology and offtake agreements

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7️⃣ 4. Carbios

Headquarters: Saint-Beauzire, France
Key Offering: Enzymatic Depolymerization of PET

Carbios is a biotech company leading the charge in enzymatic recycling. Its proprietary enzyme-powered process specifically depolymerizes PET (polyethylene terephthalate) waste into its monomers, which can then be repolymerized into virgin-quality PET suitable for food-grade packaging.

Sustainability Initiatives:

• Commissioning the world’s first enzymatic recycling plant in France

• Strategic partnerships with L’Oréal, Nestlé Waters, and PepsiCo

Download FREE Sample Report: Advanced Plastics Recycling Market – View in Detailed Research Report

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6️⃣ 5. Plastic Energy

Headquarters: London, United Kingdom
Key Offering: TAC (Thermal Anaerobic Conversion) technology

Plastic Energy is a leading player in chemical recycling, specializing in converting end-of-life plastic waste into a recycled oil called TACOIL. This feedstock is used by partners like SABIC and TotalEnergies to create new plastics, creating a circular solution for mixed plastic films and flexible packaging.

Sustainability Initiatives:

• Operating two commercial-scale plants in Spain

• Multiple projects underway across Europe and Asia to expand global footprint

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5️⃣ 6. Agilyx

Headquarters: Tigard, Oregon, USA
Key Offering: Chemical recycling for polystyrene (PS) and PMMA

Agilyx is a pioneer in chemically recycling difficult-to-process plastics. Its technology converts post-use polystyrene back into styrene monomer, enabling a true circular economy for products like food service packaging and insulation materials.

Sustainability Initiatives:

• Focusing on creating circularity for specific polymer streams with high recycling challenges

• Partnerships with major chemical companies like Americas Styrenics

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4️⃣ 7. BASF

Headquarters: Ludwigshafen, Germany
Key Offering: ChemCycling™ project (pyrolysis oil-based products)

BASF’s ChemCycling project utilizes pyrolysis oil derived from plastic waste as a feedstock in its production Verbund, replacing fossil resources. This mass balance approach allows the creation of certified products with recycled content for various industries.

Sustainability Initiatives:

• Pioneering the mass balance approach for chemical recycling in the industry

• Collaborating with technology partners and customers to build the value chain

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3️⃣ 8. LyondellBasell

Headquarters: Houston, Texas, USA / Rotterdam, Netherlands
Key Offering: CirculenRecover and CirculenRevive polymers

LyondellBasell, one of the largest plastics, chemicals, and refining companies globally, is actively scaling its advanced recycling efforts. Its Circulen portfolio includes products made via molecular recycling, offering solutions for a wide range of applications from packaging to automotive.

Sustainability Initiatives:

• Investing in quality-assured pyrolysis oil and depolymerization technologies

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

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2️⃣ 9. Ineos Styrolution

Headquarters: Frankfurt, Germany
Key Offering: Advanced recycling for styrenics (ABS, PS)

Ineos Styrolution, the global leader in styrenics, is investing in advanced recycling technologies to close the loop for its materials. The company is focusing on depolymerization to produce recycled styrene monomer, which can be used to make new polystyrene and ABS with identical properties to virgin material.

Sustainability Initiatives:

• Pilot plant for chemical recycling of polystyrene operational

• Aiming to incorporate at least 30% recycled content in products

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1️⃣ 10. APE Europe (formerly APK AG)

Headquarters: Merseburg, Germany
Key Offering: Newcycling® technology (solvent-based purification)

APE Europe specializes in a unique solvent-based purification process called Newcycling®. This technology separates mixed plastic waste, such as LDPE and PA, into high-purity recyclates that can compete with virgin plastics, even in demanding applications.

Sustainability Initiatives:

• Produces high-value recyclates for films and packaging

• Focuses on maintaining polymer quality through a gentle recycling process

Get Full Report Here: Advanced Plastics Recycling Market – View in Detailed Research Report

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🌍 Outlook: The Future of Advanced Plastics Recycling Is Circular and Collaborative

The advanced plastics recycling market is experiencing a paradigm shift. While mechanical recycling remains essential, advanced technologies are unlocking the potential to recycle complex and contaminated plastics back into virgin-quality materials, enabling a true circular economy.

📈 Key Trends Shaping the Market:

• Rapid capacity expansion in Europe and North America, with Asia-Pacific emerging as the fastest-growing market

• Regulatory push for recycled content mandates, such as the EU’s target for recycled plastics in packaging

• Strategic partnerships across the value chain, from waste management to brand owners, ensuring feedstock and offtake

• Technological diversification with pyrolysis, depolymerization, and purification processes gaining traction

Get Full Report Here: Advanced Plastics Recycling Market – View in Detailed Research Report

The companies listed above are not only addressing the global plastic waste crisis—they’re engineering the foundation for a sustainable, circular future.