Due to both environmental and economic reasons, the global market for recycled plastic is multiplying. An outlook on the potential size of this market is given below, focused mainly on the US landscape:
Market Size and Growth Trend
• The global recycled plastics market was valued at approximately US$ 52.29 billion in 2023.
• Market research says that the steady rise will reach USD 111.83 billion by 2031, reflecting a
Compound Annual Growth Rate of 9.8%.
Dominant Region: Asia Pacific Leads the Way
•The Asia Pacific leads the recycled plastics market with a share of more than 47.97% in 2023.
https://medium.com/@rajat.wema....rket/recycled-plasti
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