세계의 순환형 플라스틱 시장(-2032년) : 폴리머 유형별, 제조 공정별, 기술별, 용도별, 지역별 분석

According to Stratistics MRC, the Global Circular Plastics Market is accounted for $81.39 billion in 2025 and is expected to reach $174.39 billion by 2032 growing at a CAGR of 11.5% during the forecast period. Circular plastics refer to a sustainable approach to plastic production, use, and disposal that aims to eliminate waste and keep materials in use for as long as possible. Unlike the traditional linear model of "take-make-dispose," the circular plastics economy emphasizes designing products for durability, reuse, repair, and recyclability. It involves converting plastic waste into valuable resources through recycling, chemical recovery, and innovative materials that reduce environmental impact. This system promotes efficient resource utilization, lowers carbon emissions, and supports a closed-loop lifecycle, where plastics continuously circulate within the economy instead of ending up in landfills or oceans.

Market Dynamics:

Driver:

Growing environmental awareness and consumer demand

Sustainability commitments, ESG mandates, and brand reputation pressures are driving enterprises to replace virgin polymers with recycled alternatives. Circular plastics support closed-loop systems, reduce landfill dependency, and lower carbon footprints across supply chains. Retailers and manufacturers are integrating recycled content into product lines to meet regulatory targets and consumer expectations. Investment in traceability, certification, and material innovation is rising across global markets. These dynamics are propelling platform deployment across sustainability-focused and consumer-driven ecosystems.

Restraint:

High cost and economic competitiveness

Recycled polymers often require additional processing, sorting, and quality control that increase production costs relative to virgin materials. Enterprises face challenges in maintaining consistency, performance, and aesthetics across recycled inputs. Lack of subsidies, fragmented infrastructure, and volatile feedstock pricing further degrade cost competitiveness. Vendors must invest in process optimization, material innovation, and supply chain integration to reduce unit economics. These constraints continue to hinder platform maturity across mainstream and high-volume applications.

Opportunity:

Resource-efficiency and cost-savings potential

Platforms enable material recovery, reuse, and remanufacturing that reduce raw material dependency and waste disposal costs. Integration with digital tracking, reverse logistics, and modular design enhances lifecycle management and operational efficiency. Demand for scalable and low-footprint solutions is rising across electronics, automotive, and construction sectors. Enterprises are aligning circular strategies with cost optimization, regulatory compliance, and brand differentiation goals. These trends are fostering growth across performance-driven and resource-efficient circular plastics infrastructure.

Threat:

Preference for virgin plastics

Virgin materials offer consistent quality, color, and mechanical properties that are difficult to replicate with post-consumer resins. Enterprises face challenges in overcoming perception barriers, certification hurdles, and technical limitations in high-end applications. Lack of awareness, misinformation, and aesthetic concerns degrade trust and demand across retail and industrial channels. Regulatory ambiguity and inconsistent labeling further complicate market positioning and stakeholder engagement. These limitations continue to constrain platform performance across brand-sensitive and specification-heavy markets.

Covid-19 Impact:

The pandemic disrupted recycling operations, supply chains, and consumer behavior across circular plastics markets. Lockdowns delayed collection, sorting, and processing activities while increasing demand for single-use packaging and hygiene products. Post-pandemic recovery emphasized sustainability, resilience, and circularity across public and private sectors. Investment in decentralized recycling, digital traceability, and material innovation surged across packaging, healthcare, and logistics. Public awareness of environmental impact and resource scarcity increased across consumer and policy circles. These shifts are reinforcing long-term investment in circular plastics infrastructure and closed-loop systems.

The polyethylene terephthalate (PET) segment is expected to be the largest during the forecast period

The polyethylene terephthalate (PET) segment is expected to account for the largest market share during the forecast period due to its recyclability, availability, and widespread use across beverage, textile, and consumer packaging applications. PET supports mechanical and chemical recycling pathways that enable high-quality material recovery and reuse. Integration with deposit schemes, sorting technologies, and food-grade certification enhances scalability and compliance. Demand for recycled PET (rPET) is rising across FMCG, apparel, and industrial packaging sectors. Vendors offer mono-material designs, lightweight formats, and closed-loop partnerships to support PET circularity. These capabilities are boosting segment dominance across circular plastics platforms.

The electronics & electricals segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the electronics & electricals segment is predicted to witness the highest growth rate as circular plastics expand across casings, components, and insulation materials in consumer and industrial devices. Enterprises use recycled polymers to reduce e-waste, improve sustainability scores, and meet extended producer responsibility mandates. Platforms support flame-retardant, conductive, and high-strength formulations tailored to electronics applications. Integration with take-back programs, modular design, and material recovery systems enhances lifecycle management and compliance. Demand for scalable and performance-aligned circular plastics is rising across smartphones, appliances, and industrial equipment. These dynamics are accelerating growth across electronics-focused circular plastics platforms.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share due to its regulatory engagement, infrastructure maturity, and brand-driven sustainability initiatives across circular plastics. Enterprises deploy platforms across packaging, automotive, and consumer goods to meet recycling mandates and ESG targets. Investment in advanced sorting, chemical recycling, and traceability systems supports scalability and innovation. Presence of leading vendors, certification bodies, and policy frameworks drives ecosystem maturity and adoption. Firms align circular strategies with retailer commitments, investor expectations, and public awareness campaigns.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR as urbanization, manufacturing expansion, and environmental regulation converge across regional economies. Countries like China, India, Japan, and Indonesia scale circular plastics platforms across packaging, electronics, and construction sectors. Government-backed programs support recycling infrastructure, startup incubation, and public awareness across sustainability initiatives. Local providers offer cost-effective, culturally adapted, and regionally compliant solutions tailored to diverse material streams. Demand for scalable and inclusive circular plastics infrastructure is rising across urban and rural markets.

Key players in the market

Some of the key players in Circular Plastics Market include BASF SE, Dow Inc., LyondellBasell Industries N.V., Eastman Chemical Company, Indorama Ventures Public Company Limited, Borealis AG, INEOS Group Limited, Loop Industries Inc., Brightmark LLC, Plastic Energy Limited, PureCycle Technologies Inc., Agilyx ASA, GreenMantra Technologies Ltd., Carbios SA and ReNew ELP Limited.

Key Developments:

In June 2025, BASF introduced its "rPCF" (reduced Product Carbon Footprint) portfolio at the K 2025 plastics trade fair in Dusseldorf. The launch showcased low-emission, high-performance recycled plastics designed for circularity across automotive, packaging, and consumer goods. These materials were developed under BASF's global campaign #OurPlasticsJourney, reinforcing its commitment to lifecycle innovation and emissions reduction.

In March 2025, Dow announced a strategic investment in Xycle, a Rotterdam-based advanced recycler, to boost access to circular feedstocks. This move supported Dow's goal to scale chemical recycling infrastructure in Europe, enabling the conversion of hard-to-recycle plastics into virgin-quality materials and expanding its circular ecosystem.

Polymer Types Covered:

• Polyethylene (PE)
• Polypropylene (PP)
• Polyethylene Terephthalate (PET)
• Polystyrene (PS)
• Polyvinyl Chloride (PVC)
• Other Polymer Types

Manufacturing Processes Covered:

• Mechanical Recycling
• Chemical Recycling
• Feedstock Recycling
• Hybrid Recycling

Technologies Covered:

• Mechanical Recycling
• Chemical Recycling
• Feedstock Recycling
• AI & IoT for Material Flow Optimization
• Advanced Sorting & Separation Technologies
• Blockchain for Material Traceability
• Circular Design & Polymer Regeneration
• Other Technologies

Applications Covered:

• Packaging
• Automotive
• Construction
• Consumer Goods
• Electronics & Electricals
• Textiles & Apparel
• Industrial Components
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 Application Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Circular Plastics Market, By Polymer Type

• 5.1 Introduction
• 5.2 Polyethylene (PE)
• 5.3 Polypropylene (PP)
• 5.4 Polyethylene Terephthalate (PET)
• 5.5 Polystyrene (PS)
• 5.6 Polyvinyl Chloride (PVC)
• 5.7 Other Polymer Types

6 Global Circular Plastics Market, By Manufacturing Process

• 6.1 Introduction
• 6.2 Mechanical Recycling
• 6.3 Chemical Recycling
• 6.4 Feedstock Recycling
• 6.5 Hybrid Recycling

7 Global Circular Plastics Market, By Technology

• 7.1 Introduction
• 7.2 Mechanical Recycling
• 7.3 Chemical Recycling
• 7.4 Feedstock Recycling
• 7.5 AI & IoT for Material Flow Optimization
• 7.6 Advanced Sorting & Separation Technologies
• 7.7 Blockchain for Material Traceability
• 7.8 Circular Design & Polymer Regeneration
• 7.9 Other Technologies

8 Global Circular Plastics Market, By Application

• 8.1 Introduction
• 8.2 Packaging
• 8.3 Automotive
• 8.4 Construction
• 8.5 Consumer Goods
• 8.6 Electronics & Electricals
• 8.7 Textiles & Apparel
• 8.8 Industrial Components
• 8.9 Other Applications

9 Global Circular Plastics Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 BASF SE
• 11.2 Dow Inc.
• 11.3 LyondellBasell Industries N.V.
• 11.4 Eastman Chemical Company
• 11.5 Indorama Ventures Public Company Limited
• 11.6 Borealis AG
• 11.7 INEOS Group Limited
• 11.8 Loop Industries Inc.
• 11.9 Brightmark LLC
• 11.10 Plastic Energy Limited
• 11.11 PureCycle Technologies Inc.
• 11.12 Agilyx ASA
• 11.13 GreenMantra Technologies Ltd.
• 11.14 Carbios SA
• 11.15 ReNew ELP Limited