Advanced Recycling Technologies Market Size is valued at 586.2 Billion in 2024 and is predicted to reach 33,593.2 Billion by the year 2034 at a 50.5% CAGR during the forecast period for 2025-2034.
Over the projection period, the demand for recycled plastics is anticipated to increase due to rising plastic use in producing lightweight components in various industries, including building & construction, automotive, electrical & electronics, and other industries. Due to the rise in online sales of electrical & electronic, personal care, and protective equipment products like gloves, face masks, and other products, the demand for various packaging products has increased amid the global COVID-19 pandemic crisis. As a result, recycled plastics are increasingly in need for various packaging applications.
Verge claims that e-commerce companies have seen a significant surge in demand for affordable consumer electronics devices like laptops, smartphones, modems, and other items. The demand for recycled plastics in electrical & electronics, and packaging applications has increased due to the rise in consumer electronics consumption. This demand is anticipated to increase during the projection period.
1. ExxonMobil Corporation
2. Eastman Chemical Company
3. SABIC (Saudi Basic Industries Corporation)
4. BASF SE
5. Dow Inc.
6. OMV Aktiengesellschaft
7. Loop Industries, Inc.
8. PureCycle Technologies, Inc.
9. Mura Technology Limited
10. CARBIOS S.A.
11. Borealis AG
12. LyondellBasell Industries N.V.
13. Plastic Energy Ltd.
14. Agilyx ASA
15. Other Market Players
Advanced Recycling Technologies market is segmented based on end user, technology, and product types. Based on end users, the market is categorized as Food and Beverage Packaging, Non-Food Packaging, Consumer Electronics, Infrastructure and Construction, Automotive, and Others. By the technology, the market is segmented into Pyrolysis/ Cracking, Gasification, Depolymerization, Microwave, and Others. By product type, the market is segmented as Naphtha, Heavy Gas Oil, Wax Residue, and Others.
The market was headed by the packaging application sector. The increase in demand for packaged food and beverages, electrical & electronics, and textiles is to blame for this high percentage. The main products that are driving the requirement for recycled plastics are personal hygiene items like electric trimmers and shavers, automobile parts, and apparel made of recycled materials.
Based on the shorter loop, depolymerization is preferable in terms of life-cycle analysis (LCA) (waste to monomer vs waste to feedstock). The majority of technology vendors, including Eastman, are now mainly concentrating on PET waste because it requires precisely sorted plastic waste streams.
The packaging industry is expanding throughout the Asia Pacific, and the sector has seen technical breakthroughs. The strong demand for consumer goods, electrical & electronics, and building & construction products, particularly from China, India, and Southeast Asia, is what fuels the expansion of the region's packaging business. Furthermore, it is anticipated that a flexible regulatory environment will counteract the limitations that are typically present in Western markets. Moreover, the market was controlled by Asia Pacific. The demand for non-residential construction projects like hospitals, schools, and colleges is predicted to rise over the course of the forecast period, which will increase demand for roofing tiles, insulation, fences, floor tiles, carpets, and other materials that will fuel market expansion.
| Report Attribute | Specifications |
| Market size value in 2024 | USD 586.2 Bn |
| Revenue forecast in 2034 | USD 33,593.2 Bn |
| Growth rate CAGR | CAGR of 50.5% from 2025 to 2034 |
| Quantitative units | Representation of revenue in US$ Million, Volume (KT), and CAGR from 2025 to 2034 |
| Historic Year | 2021 to 2024 |
| Forecast Year | 2025-2034 |
| Report coverage | The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
| Segments covered | End User, By Feedstock Technology, And Product Types |
| Regional scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country scope | U.S.; Canada; U.K.; Germany; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; South Korea; Southeast Asia |
| Competitive Landscape | Agilyx, Stena Metall, Chevron Phillips Chemical Company LLC, Honeywell International Inc., Plastic Energy, Enerkem, Loop Industries, Inc., Gr3n Recycling, Carbios SA, Pyrowave, Polystyvert Inc., Recycling Avenue BV, BlueAlp Innovations BV, Quantafuel ASA, Mura Technology Limited, Alterra, Aduro Clean Technologies Inc., Brightmark, GreenMantra Technologies, and Axens. |
| Customization scope | Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing and available payment methods | Explore pricing alternatives that are customized to your particular study requirements. |
Advanced Recycling Technologies Market By End User-
· Packaging
· Consumer Goods
· Automotive
· Construction & Infrastructure
· Textile & Apparel
· Electrical & Electronics
· Chemicals & Refining
· Rubber & Tire Manufacturing
Advanced Recycling Technologies Market By Technology
· Pyrolysis / Thermal Liquefaction
· PET Depolymerization
· Solvent-Based Dissolution / Purification
· Polystyrene Depolymerization
· Hydrothermal Liquefaction (HTL)
· Gasification / Syngas-to-Feedstock
· Enzymatic Recycling
· Polyamide / Polyurethane Depolymerization
· Hybrid Co-Processing
Advanced Recycling Technologies Market By Feedstock Type
· Polyolefins
· Polystyrenics
· Polyesters
· Polyamides
· Polyurethanes
· Mixed Plastic Waste
· Rubber / Tires
· Textile Waste
· Agricultural / Industrial Waste
Advanced Recycling Technologies Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
This study employed a multi-step, mixed-method research approach that integrates:
This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.
Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.
Secondary data for the market study was gathered from multiple credible sources, including:
These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.
Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.
Primary interviews for this study involved:
Interviews were conducted via:
Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.
All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.
The data validation process included:
This ensured that the dataset used for modelling was clean, robust, and reliable.
The bottom-up approach involved aggregating segment-level data, such as:
This method was primarily used when detailed micro-level market data were available.
The top-down approach used macro-level indicators:
This approach was used for segments where granular data were limited or inconsistent.
To ensure accuracy, a triangulated hybrid model was used. This included:
This multi-angle validation yielded the final market size.
Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.
Given inherent uncertainties, three scenarios were constructed:
Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.