
Recycled Plastics Market size was valued at USD 34,853.1 million in 2021 and is poised to grow at a significant CAGR of 6.3% from 2022-2028. The process of transforming scrap or waste plastic into useful items is known as plastic recycling. Recycling is an important aspect of worldwide efforts to prevent plastic pollution because most plastic is non-biodegradable. Based on materials, the global plastic recycling market is segmented into Polyethylene, Terephthalate (PET), High-Density Polyethylene (HDPE), Low-Density, and Polyethylene (LDPE), Polyvinyl Chloride (PVC), Polypropylene (PP) and others.