Top 8 Recycled Plastics Companies in the World

The global recycled plastics market size reached US$ 41.9 Billion in 2023. The market is primarily driven by the rising environmental consciousness among the masses about the effects of plastic waste. In addition, the implementation of stringent regulations and plastic recycling programs to promote the reuse and recycling of plastic scraps, minimize waste production, and encourage sustainable waste treatment represent another major growth-inducing factor. Besides this, the rising adoption of plastics to produce components of vehicles is also contributing to market growth.

As per the analysis by IMARC Group, the top recycled plastics companies are adding value and consumerism to recycled plastic products. They are also making investments in research and development (R&D) activities to improve the quality and performance of products. For instance, Veolia, a French waste management company, has been investing heavily in recycling technologies in recent years. In 2020, it opened a new plant in France that uses chemical recycling to turn plastic waste into new polymers. This plant has the capacity to produce 20,000 metric tons of recycled plastics per year. Moreover, various key players are engaging in mergers and acquisitions to strengthen their market foothold. For instance, Suez Recycling & Recovery Holdings announced a partnership with Plastic Energy to develop a new advanced recycling plant in the UK that can turn mixed plastic waste into new materials. Looking forward, IMARC Group expects the market to reach US$ 61.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032.

Learn about opportunities, challenges, and trends in the global Recycled Plastics market with IMARC’s market research report. Try a free sample today!

List of Top Companies Operating in the Recycled Plastics Industry Worldwide:

The global recycled plastics market has several major players, including Avangard Innovative, B. Schoenberg & Co., Inc., Delta Plastics, UltrPET LLC, CarbonLITE Industries, Veolia Environment SA, Suez Recycling & Recovery Holdings, and KW Plastics. More information about these companies has been provided below. 

1. Avangard Innovative

Avangard Innovative is a leading recycling and waste management company specializing in the collection, processing, and resale of post-consumer and post-industrial plastics, and paper and other recyclable materials. One of the unique aspects of Avangard Innovative's business model is its Closed Loop Program, which is designed to help companies achieve zero waste goals by implementing a closed loop system for their waste streams. Besides this, the company also operates several recycling facilities in the United States, Mexico, and Asia, and has partnerships with other recycling companies around the world.

2. B. Schoenberg & Co., Inc

B. Schoenberg & Co., Inc. is a leading global supplier of recycled and virgin plastic resins and other raw materials used in the plastics industry. It sources its recycled plastic resins from a network of trusted suppliers around the world and processes them in its own state-of-the-art facilities. The company offers a wide range of recycled resins, including PET, HDPE, LDPE, and PP, and can customize its products to meet specific customer requirements. In addition to recycled plastics, B. Schoenberg & Co. supplies a range of other raw materials used in the plastics industry, including virgin resins, additives, and colorants. The company has partnerships with some of the world's leading producers of plastics and other raw materials, which allows it to offer a diverse range of products at competitive prices.

3. Delta Plastics

Delta Plastics is a company that specializes in agricultural irrigation and the production of recycled plastic products. Its primary business is in irrigation, where it provides farmers with drip irrigation systems that are designed to conserve water and improve crop yields. The company also offers a range of other irrigation products, including plastic tubing, fittings, and accessories. In addition to its irrigation business, Delta Plastics operates a recycling division that processes and sells recycled plastic resin. The company's recycling process, called "AgPlasticCycle," is specifically designed to handle agricultural plastic waste, such as irrigation tubing, mulch film, and greenhouse film.

4. UltrPET LLC

UltrePET is one of the largest FDA approved PET resin suppliers in North America. The company primarily serves the non-FDA bottle and sheet, high-end fine denier fiber, strapping and engineered resin markets. The company prides itself on using advanced technology to produce high-quality PET resin that meets the strict regulatory standards set by the FDA. Additionally, UltrPET LLC is committed to sustainability and has implemented various initiatives to reduce its environmental impact, such as using recycled materials in its production process and reducing waste.

5. CarbonLITE Industries

CarbonLITE Industries LLC is a company that specializes in the recycling of post-consumer PET plastic bottles. The company state-of-the-art technology to sort, wash, and process plastic bottles, ultimately producing high-quality recycled PET (rPET) resin that can be used in a wide range of applications, including food and beverage packaging, clothing, and carpeting. It also has partnerships with many major brands in the food and beverage industry, including Nestle Waters North America, PepsiCo, and The Coca-Cola Company, and its recycled PET resin is used in the production of their packaging. Moreover, CarbonLITE has received various awards for its sustainability efforts, including recognition from the Plastics Industry Association and the California Governor's Environmental and Economic Lea Leadership Awards.

6. Veolia Environment SA

Veolia is a multinational company that specializes in environmental services. It was founded as Compagnie Générale des Eaux and later renamed to Veolia Environnement in 2003. It provides a wide range of services related to water, waste, and energy management, including water and wastewater treatment, waste collection and disposal, energy efficiency services, and industrial outsourcing. The company works with various industries, including municipalities, businesses, and individuals, to provide sustainable and cost-effective solutions for their environmental needs. In recent years, Veolia has focused on developing circular economy solutions, such as the recycling and recovery of waste materials, and has been recognized for its sustainability efforts. The company has also made significant investments in research and development to innovate new technologies and services that help to address the world's environmental challenges.

7. Suez Recycling & Recovery Holdings

Suez Recycling & Recovery Holdings is a subsidiary of Suez Group, a French-based multinational company that provides water and waste management services. Suez Recycling & Recovery Holdings is responsible for the waste management and recycling activities of the group. The company operates in Europe, North America, and Asia, providing a range of services related to waste collection, treatment, and recycling. Its services include the collection and disposal of municipal, commercial, and industrial waste, the recovery of materials from waste streams, and the production of energy from waste. Besides this, Suez has developed technologies to maximize the recovery of materials from waste, such as plastics and metals, and has invested in renewable energy projects to reduce its carbon footprint.

8. KW Plastics

KW Plastics is a plastic recycling company that has become one of the largest polypropylene and high-density polyethylene recyclers in the world. It operates several recycling facilities across the United States and has a processing capacity of over one billion pounds of plastic per year. KW Plastics specializes in the recycling of post-consumer plastic materials, such as plastic bottles and containers, which are then sorted, cleaned, and processed into high-quality plastic resin. This recycled resin is sold to manufacturers of various products, including plastic pipes, automotive parts, and consumer goods.

Get an inside look at the global recycled plastics market with exclusive insights, including:

• CAGR projections during the 2023-2028 forecast period
• In-depth information on the factors that will fuel the global recycled plastics market growth in the next five years.
• Precise predictions regarding upcoming trends and potential changes in consumer behavior
• Analysis of the global recycled plastics industry's expansion at the global level.
• A thorough review of the market's competitive landscape and detailed information on key players
• Detailed explanations of the challenges that could impede the growth of the global recycled plastics market.

About Author: