Europe Recycled Plastics Market Size and Forecasts (2020 - 2030), Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Low-Density Polyethylene, Linear Low-Density Polyethylene, High-Density Polyethylene, Polypropylene, Polyvinyl Chloride, and Others), Source (Residential Waste, Commercial Waste, and Industrial Waste), Application (Packaging, Automotive, Building and Construction, Electrical and Electronics, Consumer Goods, and Others), and Country

The Europe recycled plastics market size accounted for US$ 11,533.12 million in 2022 and is expected to reach US$ 15,137.84 million by 2030; the market is estimated to record a CAGR of 3.5% from 2022 to 2030.

Market Insights and Analyst View:

Recycling is a process by which waste materials are reprocessed into products, materials, or substances, whether for the original or other purposes. There are various benefits of plastic recycling, such as saving natural resources, lowering energy consumption, diverting resources from landfills, reducing the use of crude oil, and saving up to 90% of CO2 emissions. Mechanical recycling and chemical recycling are among the methods used to recycle plastic. Plastic recycling in Europe is growing significantly due to factors such as increased pressure from regulators and consumers to adopt sustainable products, growing investments in plastic recycling, and other factors. Governments and various companies in the region are also continuously discussing and refining targets to reduce waste and improve the circularity of the plastics value chain.

Growth Drivers and Challenges:

In 2022, the European Commission adopted regulation "(EU)2022/1616" on recycled plastic materials intended for direct food-contact applications. The regulation stated that only plastics containing recycled plastic content produced with notified recycling technology could be introduced into the market. Government authorities across Europe encourage measures to develop separate collections of plastic waste. In March 2023, the European Parliament revised the Packaging and Packaging Waste Directive (PPWD – Directive 94/62/EC), which includes measures to prevent packaging waste generation and promote the reuse and recycling of recovering packaging wastes—the directive aimed at increasing recycling targets of plastic packaging to 55% by 2030. In 2021, the Circular Plastics Alliance adopted measures to drive the recycled plastics market. The Alliance ensured the recycling of ~10 million metric ton of plastics by 2025 and adopted rules for monitoring the system of recycled plastics. Therefore, government regulations are promoting the Europe recycled plastics market growth. However, the challenges in plastics recycling operations, such as a lack of material standardization, inefficient pre-processing technologies, and volatile customer demand, may restrain the Europe recycled plastics market growth.

Europe Recycled Plastics MarketReport Scope

Europe Recycled Plastics Market Report Scope

The List of Companies - Europe Recycled Plastics Market

1. Biffa Plc
2. Remondis SE & Co KG
3. Veolia Environnement SA
4. Jayplas Ltd
5. Plastipak Holdings Inc
6. Recyclex SA
7. Enva UK Ltd
8. Vanden Recycling Ltd
9. 3P Plast srl
10. CY Plastic Recycling

• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Europe recycled plastics market, thereby allowing players to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.