Europe Recycled Plastics Market to Grow at 4.6% During 2024-2032, Impelled by Rising Environmental Consciousness

January 17, 2022 | Chemical & Materials

According to the latest report by IMARC Group, titled "Europe Recycled Plastics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," the Europe recycled plastics market reached a volume of 12.7 Million Tons in 2023. Plastic recycling refers to the procedure of recovering and reprocessing scrap plastic materials into value-added products. Some of the common types of plastics include polyethylene terephthalate (PET), high-density polyethylene (HDPE), low-density polyethylene (LDPE), and polypropylene (PP). The generated waste goes through five stages, namely sorting, washing, shredding, identification, and classification, and extruding. Products manufactured through this process are biodegradable and environment friendly, thereby aiding in reducing landfill dependence, conserving resources, lowering plastic pollution, and preventing greenhouse gas (GHG) emissions.

Europe Recycled Plastics Market Trends:

The growing environmental consciousness, rising concerns toward energy consumption, and increasing awareness regarding the harmful effects of plastic waste are majorly driving the Europe recycled plastic market growth. In line with this, the increasing usage of plastic in various end-use industries, such as packaging, automotive, food and beverage (F&B), and electronics, is further facilitating the product demand across the region. Additionally, the European Commission is introducing numerous recycling programs and implementing favorable policies for controlling waste production, encouraging reuse and recycling of scrap plastic and sustainable plastic disposable solutions while promoting effective waste management. This, in turn, is acting as another major growth-inducing factor. Besides this, continuous investments in research and development (R&D) activities, along with rapid technological advancements, such as the adoption of artificial intelligence (AI), to effectively sort plastic waste and enhance the quality performance of recycled plastic products, are positively influencing the market growth. Looking forward, the market is expected to reach a volume of 19.3 Million Tons by 2032, growing at a CAGR of 4.6% during 2024-2032.

Market Summary:

  • Based on the source, the market has been divided into plastic bottles, plastic films, rigid plastics and foams, fibres, and others. Currently, plastic bottles accounts for majority of the market share.
  • On the basis of the application, the market has been classified into packaging, electrical and electronics, automotive, agriculture, construction and demolition, household (non-packaging use), and others. At present, packaging segment accounts for the largest share in the region.
  • Based on the plastic type, the market is dominated by polyethylene terephthalate (PET) plastics.
  • On the geographical front, Germany represents the largest market share. Other regions include the United Kingdom (UK), Italy, France, Spain, and others.
  • The competitive landscape of the market has been examined with some of the key players being Müller-Guttenbrunn Group, MBA Polymers, Inc., Paprec Group, and Morssinkhof Rymoplast.


Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units Million Tons
Segment Coverage Source, Application, Plastic Type, Country
Countries Covered Germany, UK, Italy, France, Spain, Others
Companies Covered Müller-Guttenbrunn Group, MBA Polymers, Inc., Paprec Group and Morssinkhof Rymoplast
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Europe Recycled Plastics Market to Grow at 4.6% During 2024-2032, Impelled by Rising Environmental Consciousness
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