Plastic Recycling Services Companies, SIze and Trends 2025-2035

Date : 10 December 2025

Plastic Recycling Services Manufacturers and Market Growth

The global plastic recycling services market size reached US$ 28.55 billion in 2023 and is projected to hit around US$ 67.94 billion by 2034, expanding at a CAGR of 8.20% during the forecast period from 2024 to 2034. The rising demand for sustainable practices as well as growing awareness about the eco-friendly options amongst consumers is expected to surge the demand for plastic recycling services market.

Plastic Recycling Services Market Companies

Plastic Recycling Services Market Companies

  • Deluxe Recycling
  • Shakti Plastics Industries
  • KW Plastics
  • Loop Industries
  • Birch Plastics
  • PureCycle Technologies
  • Mura Technology
  • Pellenc ST
  • Rekart Innovations Private Limited
  • Banyan Nation

New Advancements in Plastic Recycling Services Industry

  • In March 2024, Clariant AG, chemicals company based in Europe, revealed the launch of the AddWorks PKG 158 and AddWorks PPA, a perfluoralkyl substances (PFAS)-free polymer processing aid product line. Add Works PKG 158, an exceptionally effective antioxidant solution with exceptional color protection, and AddWorks PPA, a line of products free of perfluoralkyl substances (PFAS) that are used in polymer processing aids, are specifically made for polyolefins that contain recycled material. A variety of next-generation products to enhance plastics recycling, lessen environmental effects, and improve surface qualities in building and construction; Licolub® PED 1316, a wax for easier processing and improved surface properties.
  • In August 2024, Honeywell International, Inc., multinational conglomerate corporation and Hinergy, solar panel & solar street light manufacturer based in China, signed a collaboration to introduce an advanced plastic recycling program. This project will lessen its negative effects on the environment by turning plastic waste into useful materials through the use of cutting-edge technologies. The collaboration aims to improve the circular economy by making sure plastics can be recycled more efficiently and used again for a variety of purposes.
  • In June 2024, Canon Inc., photograph company, announced that the company has entered in the recycling system business. Canon Inc. revealed plans to introduce new plastic sorting machinery with cutting-edge material identification technology. The apparatus uses a tracking mechanism to use Raman spectroscopy technology to moving objects in order to accurately identify the different material types of plastic fragments, even in situations where mixing black and other colors of plastic has proven to be difficult in the past. The company will start taking market orders for the "TR Series," which includes the "TR-S1510," on a broad scale in June 2024.