Plastic Waste Management Market Size to Reach USD 54.66 Bn by 2034

Plastic Waste Management Market Size and Companies Revenue by 2025- 2034

The global plastic waste management market size is estimated at USD 39.58 billion in 2025 and is expected to hit around USD 54.66 billion by 2034, growing at a compound annual growth rate (CAGR) of 3.65% over the forecast period from 2025 to 2034. Europe dominated the plastic waste management market with a market share of 36% in 2024.

Last Updated: 15 October 2025 Category: Polymers & Plastics Insight Code: 5925 Format: PDF / PPT / Excel

Plastic Waste Management Market Size | Companies Analysis 2034

The global plastic waste management market size was reached at USD 38.19 Billion in 2024 and is expected to be worth around USD 54.66 billion by 2034, growing at a compound annual growth rate (CAGR) of 3.65% over the forecast period 2025 to 2034. The growth of the market is driven by the growing environmental significance, like the management of pollution and sustainable development through recycling and waste management.

Plastic Waste Management Market Size 2024 to 2034 (USD Billion)

Key Takeaways

  • By region, Europe dominated the market with a share of 36% in 2024. 
  • By region, Asia Pacific is expected to have significant growth in the market in the forecast period.
  • By service type, the collection & transportation segment dominated the market with a share of 36% in 2024.
  • By service type, the chemical recycling segment is expected to grow significantly in the market during the forecast
  • period.
  • By treatment method, the mechanical recycling segment dominated the market with a share of 43% in 2024.
  • By treatment method, the chemical recycling segment is expected to grow in the forecast period.
  • By polymer type, the polyethylene segment dominated the market with a share of 39% in 2024.
  • By polymer type, the polypropylene segment is expected to grow in the forecast period.
  • By source, the residential segment dominated the market with a share of 45% in 2024.
  • By source, the commercial & institutional segment is expected to grow in the forecast period.
  • By sorting technology, the optical / NIR-based segment dominated the market with a share of 41% in 2024.
  • By sorting technology, the AI / robotics-enhanced segment is expected to grow in the forecast period.
  • By end use, the packaging & bottles segment dominated the market with a share of 49% in 2024.
  • By end use, the textiles & fibers segment is expected to grow in the forecast period

Market Overview

What Is The Significance Of The Plastic Waste Management Market?

The plastic waste management market is significant because it provides critical solutions to plastic pollution, protecting environmental and human health by reducing waste in landfills and oceans. This market drives economic benefits through resource and energy savings from recycling, spurs innovation in waste-to-energy and biodegradable materials, and fosters growth in sectors like packaging and consumer goods by promoting circular economy principles. 

Plastic Waste Management Market Outlook: 

  • Industry Growth Overview: Between 2025 and 2034, the global plastic waste management market is projected to expand steadily, driven by increasing plastic consumption, stricter environmental regulations, and rising awareness of circular economy principles.
    Sustainability Trends: Sustainability lies at the core of the market’s evolution, with growing adoption of mechanical and chemical recycling technologies to convert waste into reusable raw materials. Bio-based and biodegradable plastics are gaining traction as part of closed-loop strategies.
  • Global Expansion & Innovation: Major waste management companies and polymer producers are forming partnerships to scale circular economy projects and recycling infrastructure. Investments in advanced sorting, pyrolysis, and depolymerization technologies are increasing, especially in Asia and Europe.

Report Scope

Report Attributes Details
Market Size in 2025 USD 39.58 Billion
Expected Size by 2034 USD 54.66 Billion
Growth Rate from 2025 to 2034 CAGR 3.65%
Base Year of Estimation 2024
Forecast Period 2025 - 2034
Dominant Region Europe
Segment Covered By Service Type, By Treatment Method, By Polymer Type, By Source, By Sorting Technology, By End Use of Recovered Plastics, By Region 
Key Companies Profiled Remondis , Biffa , Indorama Ventures , LyondellBasell , Eastman , Tomra ,
ALPLA , Plastipak , KW Plastics , MBA Polymers 

Key Technological Shifts In The Plastic Waste Management Market: 

Key technological shifts are transforming the plastic waste management market through advancements in advanced recycling, digitalization, and new plastic alternatives. These innovations are enabling a more circular economy by improving sorting efficiency, broadening the range of recyclable materials, and introducing viable, sustainable options, which increase the opportunity for the growth of the market.

Trade Analysis Of Plastic Waste Management Market: Import & Export Statistics 

  • India encourages the export of plastic scrap to manage its unmanaged waste. The country exports to 41 countries, with its top five trade partners accounting for most of the export value.(Source : enterclimate.com)
  • In terms of volume, Germany, Japan, the United Kingdom, the Netherlands, and the United States are among the top exporters of plastic waste.(Source: interplasinsights.com)
  • India exported 66 shipments of Plastic Waste from Oct 2023 to Sep 2024 (TTM). These exports were made by 19 Indian Exporters to 22 Buyers, marking a growth rate of 164% compared to the preceding twelve months.(Source: www.volza.com)
  • Globally, the top three exporters of Plastic Waste are Vietnam, China, and the United States. Vietnam leads the world in Plastic Waste and HSN Code 3923 exports with 25,108 shipments, followed by China with 2,617 shipments, and the United States taking the third spot with 1,415 shipments.(Source : www.volza.com)
  • Most of the Plastic Waste exports from India go to India, the United Arab Emirates, and Sri Lanka. (Source: www.volza.com)

Plastic Waste Management Market Value Chain Analysis

  • Chemical Synthesis and Processing : Plastic waste is collected, sorted, cleaned, and processed through mechanical recycling, pyrolysis, and chemical depolymerization to recover reusable polymers or energy.
    Key players: Veolia Environnement S.A., SUEZ Recycling and Recovery, Waste Management Inc., Covestro AG, LyondellBasell Industries.
  • Quality Testing and Certification : Processed plastics undergo purity, contamination, and recyclability testing to meet environmental and product safety standards such as ISO 14001 and the EU Waste Framework Directive. 
  • Key players: SGS, Intertek, UL Solutions, Bureau Veritas
  • Distribution to Industrial Users : Recycled plastics are distributed to the packaging, automotive, and construction industries for manufacturing sustainable products and components. 
    Key players: Berry Global Inc., Plastipak Holdings, BASF SE, Alpla Group.

Plastic Waste Management Regulatory Landscape: Global Regulations 

Region / Country Regulatory Body Key Regulations / Frameworks Focus Areas Notable Notes
United States U.S. Environmental Protection Agency (EPA), Department of Energy (DOE), State-Level Agencies (e.g., CalRecycle, NYDEC) - Save Our Seas 2.0 Act (2020)
- Resource Conservation and Recovery Act (RCRA)
- Break Free From Plastic Pollution Act (proposed)
- Circular economy and recycling initiatives
- Extended producer responsibility (EPR) at the state level
- Single-use plastic bans in various states
No unified federal plastic law; several states (California, New York, Oregon) lead in EPR and plastic bans. The U.S. EPA promotes the National Recycling Strategy (2021) for a 50% recycling rate by 2030.
European Union European Commission (DG ENV), European Chemicals Agency (ECHA) - EU Single-Use Plastics Directive (EU 2019/904)
- Waste Framework Directive (2008/98/EC)
- Packaging and Packaging Waste Regulation (PPWR, under revision)
- Extended producer responsibility (EPR)
- Design for recyclability
- Plastic packaging reduction targets
The EU has the most comprehensive plastic regulatory system. Member states enforce bans on single-use plastics and require 90% collection of plastic bottles by 2029 under the SUP Directive.
China Ministry of Ecology and Environment (MEE), National Development and Reform Commission (NDRC) - Plastic Pollution Control Regulation (2020)
- Solid Waste Pollution Prevention and Control Law (amended 2020)
- Ban on non-degradable plastics
- Import restrictions on plastic waste
- Promotion of biodegradable materials
China’s “National Sword Policy” (2018) reshaped global recycling flows. Nationwide bans on non-degradable plastics are being phased in through 2025.
India Ministry of Environment, Forest and Climate Change (MoEFCC), Central Pollution Control Board (CPCB) - Plastic Waste Management Rules, 2016 (amended 2022)
- Extended Producer Responsibility (EPR) Guidelines, 2022
- Producer responsibility and recycling traceability
- Single-use plastic ban (effective July 2022)
- Waste segregation and labeling
India’s framework mandates traceable EPR compliance via a digital portal. Producers must meet annual recycling targets. Strong emphasis on collection networks and municipal coordination.
Japan Ministry of the Environment (MOE), METI - Plastic Resource Circulation Act (2022)
- Container and Packaging Recycling Law (1995; revised 2020)
- Eco-design and recyclability
- Corporate waste management plans
- Product labeling and traceability
Japan emphasizes corporate responsibility and circular design. The 2022 Act mandates eco-friendly material selection and reuse planning by manufacturers.
Middle East (UAE, Saudi Arabia) Environment Agency – Abu Dhabi (EAD), Saudi Standards, Metrology and Quality Organization (SASO) - UAE Federal Law No. 12 (2018) on Waste Management
- SASO Technical Regulation for Biodegradable Plastics (2020)
- Biodegradable packaging mandates
- Waste segregation and landfill diversion
GCC countries are adopting bio-based plastic certification and recycling investment programs to meet Vision 2030 sustainability goals.

Segmental Insights

Service Type Insights

How did the Collection and Transportation Segment dominate the Plastic Waste Management Market in 2024?

The collection and transportation segment dominated the market with a share of 36% in 2024. This segment forms the foundation of plastic waste management, involving organized collection, sorting, and transfer of plastic waste from residential, industrial, and commercial areas to recycling or disposal facilities. Governments and private companies are increasingly investing in logistics optimization and smart tracking systems to enhance operational efficiency. Growth in urban waste volumes and mandatory segregation policies are driving the demand for robust collection and transportation infrastructure across developing economies.

The chemical recycling segment expects significant growth in the plastic waste management market during the forecast period. Chemical recycling transforms complex or contaminated plastics into basic monomers or fuels using processes such as pyrolysis, depolymerization, or gasification. Unlike mechanical recycling, it can handle mixed or multi-layered waste streams, reducing landfill dependency. Rising focus on sustainability and technological advancements by major chemical firms like BASF and SABIC is expanding this segment. Its scalability and compatibility with existing refining systems make it a key innovation in the next generation of waste management technologies.

Treatment Method Insights

Which Treatment Method Segment Dominated The Plastic Waste Management Market In 2024?

The mechanical recycling segment dominated the market with a share of 43% in 2024. Mechanical recycling involves the physical processing of plastic waste through sorting, cleaning, shredding, melting, and remolding into new products. Investment in advanced sorting and washing equipment has improved the purity of recyclates. Mechanical recycling remains the most widely adopted treatment approach, particularly in packaging and consumer goods sectors where consistent polymer recovery is essential.

The chemical recycling segment expects significant growth in the plastic waste management market during the forecast period. This method breaks down polymers at the molecular level using heat or solvents, producing monomers that can be re-polymerized into high-quality plastics. The growing regulatory push for circular plastics and rising R&D investments in depolymerization and pyrolysis technologies are propelling this segment. Chemical recycling contributes significantly to achieving net-zero waste goals and complements existing mechanical recycling systems.

Polymer Type Insights

How Did The Polyethylene Segment Dominate The Plastic Waste Management Market In 2024?

The polyethylene segment dominated the market with a share of 39% in 2024. Polyethylene dominates global plastic consumption and recycling efforts, driven by its wide use in packaging films, bags, and containers. Both low-density (LDPE) and high-density (HDPE) variants are being recycled using advanced mechanical and chemical processes. Recycling PE reduces landfill pressure and carbon emissions while creating new applications in pipes, films, and household goods. The shift toward circular packaging initiatives by major brands is enhancing demand for recycled PE in sustainable manufacturing and packaging solutions.

The polypropylene segment expects significant growth in the plastic waste management market during the forecast period. Polypropylene is extensively used in automotive parts, fibers, and packaging due to its lightweight and chemical-resistant properties. Advanced sorting and compatibilization techniques are enhancing the recyclability of PP from mixed waste streams. Growing interest in post-consumer recycled PP by consumer goods manufacturers and stringent plastic waste regulations are further supporting this segment’s expansion.

Source Insights

Which Source Segment Dominated The Plastic Waste Management Market In 2024?

The residential segment dominated the market with a share of 45% in 2024. The residential sector contributes most of the plastic waste through single-use packaging, household products, and disposable plastics. Efficient curbside collection and public awareness programs are essential to increase segregation at the source. The growing trend toward responsible consumer behavior and government initiatives promoting extended producer responsibility (EPR) are improving the efficiency of residential waste recovery.

The commercial and institutional segment expects significant growth in the plastic waste management market during the forecast period. This segment includes waste generated from retail, hospitality, offices, and healthcare sectors. Commercial waste collection systems are usually better organized, enabling easier sorting and recycling. Institutional collaborations with waste recyclers and the introduction of corporate sustainability mandates are increasing demand for efficient plastic waste management solutions in this sector.

Sorting Technology Insights

How did the Optical/ NIR-Based Automated Sorting Segment dominate the Plastic Waste Management Market in 2024?

The optical/NIR-based automated sorting segment dominated the market with a share of 41% in 2024. Optical and near-infrared (NIR) sorting systems use advanced sensors to identify plastics by color, polymer type, and composition. The adoption of these technologies in large-scale recycling facilities ensures efficient processing of mixed waste streams. The growing focus on digital waste tracking and AI-assisted optical sorting is further boosting efficiency in industrial-scale recycling operations.

The AI/robotics-enhanced sorting segment expects significant growth in the plastic waste management market during the forecast period. AI and robotics-enhanced systems integrate machine learning and robotic arms to identify, pick, and sort plastic waste with high accuracy. These systems adapt to varying contamination levels and evolving packaging materials. The integration of smart analytics and real-time monitoring makes AI-based sorting ideal for high-throughput recycling environments, ensuring consistency and precision in processed materials.

End Use Insights

Which End Use Segment Dominated The Plastic Waste Management Market In 2024?

The packaging and bottles segment dominated the market with a share of 49% in 2024. Recycled plastics are widely used in producing bottles, films, and flexible packaging materials. The use of recycled PET and HDPE helps reduce dependence on virgin polymers and carbon emissions. Growth in e-commerce and changing consumer preferences toward eco-friendly packaging are further driving this segment’s demand.

The textiles and fibers segment expects significant growth in the plastic waste management market during the forecast period. The textiles and fibers segment uses recycled plastics, especially PET, to produce fabrics, carpets, and industrial textiles. With rising awareness of sustainable fashion, several apparel brands are adopting recycled fibers for clothing and accessories. The transformation of plastic waste into fiber applications demonstrates the material’s versatility and supports global efforts to reduce landfill accumulation and promote a circular textile economy.

Regional Insights

Europe Plastic Waste Management Market Size, Industry Report 2034

The Europe plastic waste management market size was valued at USD 13.75 billion in 2024 and is expected to reach USD 19.72 billion by 2034, growing at a CAGR of 3.67% from 2025 to 2034. Europe dominated the market with a share of 36% in 2024.

Europe Plastic Waste Management Market Size

Europe leads the global plastic waste management landscape due to stringent environmental regulations and a strong circular economy framework. Countries across the EU have adopted extended producer responsibility (EPR) laws, mandating high recycling rates. The region also emphasizes innovation in sustainable plastics and industrial-scale recovery of post-consumer and post-industrial waste, positioning Europe as a hub for high-efficiency recycling practices and eco-conscious consumer behavior.

UK Growth Is Driven By The Policies And Investments In The Market

The UK is rapidly advancing in plastic waste management through national recycling programs, infrastructure upgrades, and policy interventions. Emphasis on sorting technology, automated facilities, and chemical recycling is increasing recycling efficiency. Retailers and manufacturers are promoting recycled content in packaging, driven by consumer demand and regulatory targets. Public-private partnerships and investments in AI-based sorting, robotics, and sustainable materials further strengthen the UK market, positioning it as a significant contributor to the European recycling ecosystem.

Asia Pacific Has Seen Growth Driven By Increased Urbanization.

Asia Pacific is expected to have significant growth in the market in the forecast period. Asia Pacific is experiencing dynamic growth in plastic waste management due to increasing urbanization, industrialization, and plastic consumption. Mechanical and chemical recycling facilities are expanding, supported by government initiatives and private investments. Rising awareness of environmental sustainability, coupled with circular economy adoption, is driving regional demand for advanced sorting technologies, waste-to-resource solutions, and sustainable end-use applications in packaging and textiles.

Plastic Waste Management Market Share, By Region, 2024 (%)

India's Market Growth Is Driven By The Growing Industrial Demand, Which Fuels The Growth.

India’s plastic waste management market is growing rapidly due to urbanization, regulatory initiatives, and increasing industrial demand for recycled materials. The government’s push toward single-use plastic bans, EPR regulations, and infrastructure development is promoting collection and recycling efficiency. Mechanical and chemical recycling technologies are gaining traction, particularly for post-consumer PET, HDPE, and polypropylene. Public awareness campaigns, NGO interventions, and private sector participation are also driving innovation in waste collection, sorting, and sustainable end-use applications across packaging, textiles, and construction.

  • India: India’s e-waste is set to double to 9 million tonnes by 2030, accompanied by rapid growth in lithium-ion battery waste driven by consumer electronics and electric vehicles.(Source : andeglobal.org)
  • India: Government regulations, such as the Plastic Waste Management (Second Amendment) Rules, 2022, and the Extended Producer Responsibility (EPR) framework, are creating a regulatory push for businesses to invest in waste management and recycling.(Source : www.banyannation.com)
  • China: The World Bank has provided substantial financing and technical assistance to China for waste management, totaling over $2.3 billion for municipal solid waste management projects since 2014. (Source : documents1.worldbank.org)
  • USA: Corporations are making large investments, such as the Alliance to End Plastic Waste, which committed over $1 billion to develop and scale solutions.(Source: corporate.dow.com)
  • Germany: From 2019 to 2024, Germany attracted over 20 percent of all plastics and rubber FDI projects in the EU-27 region, confirming its position as a top investment destination. (Source: www.gtai.de)

Recent Developments

  • In October 2025, Cox's Bazar launched its first municipal plastic recycling plant in Mithaichori, Ramu upazila, as a significant effort to combat pollution. The facility can process up to 200 kilograms of plastic waste per hour, transforming it into items like sofas and benches, with support from various international and domestic partners under the Plastic Free Rivers and Seas for South Asia (PLEASE) project.(Source: www.dhakatribune.com)
  • In August 2025, the United Nations Development Programme (UNDP), with European Union funding, launched an agricultural plastic recycling plant in Deir Alla, Jordan. The facility aims to manage agricultural plastic waste, create green jobs, and advance a circular economy in the region as part of Jordan's green growth strategy.(Source: www.undp.org)

Top Players In The Plastic Waste Management Market & Their Offerings: 

  • Veolia: A global leader in waste and resource management, Veolia provides end-to-end plastic recycling solutions, including collection, sorting, and advanced reprocessing for circular economy applications.
  • SUEZ: Offers integrated plastic waste management services such as sorting, mechanical recycling, and energy recovery, with operations across the Asia Pacific, focusing on sustainable material reuse.
  • Waste Management: Delivers comprehensive recycling and waste treatment services, including plastics recovery and reprocessing for packaging and industrial sectors.
  • Republic Services: Provides collection, processing, and recycling of post-consumer and industrial plastics, emphasizing landfill diversion and resource recovery solutions 
  • Cleanaway: Specializes in plastic waste collection and recycling, offering tailored solutions for packaging, commercial, and industrial waste streams in Australia and New Zealand

Other Top Players Are

Segments Covered: 

By Service Type 

  • Collection & Transportation 
  • Sorting & MRF Operations 
  • Mechanical Recycling 
  • Chemical Recycling (Advanced) 
  • Energy Recovery (WtE) 
  • Landfilling / Disposal 

By Treatment Method 

  • Mechanical Recycling 
  • Chemical Recycling 
  • Energy Recovery (Incineration/WtE) 
  • Landfilling 

By Polymer Type 

  • Polyethylene (PE) 
  • HDPE 
  • LDPE/LLDPE 
  • Polypropylene (PP) 
  • Polyethylene Terephthalate (PET) 
  • Polystyrene (PS) 
  • Polyvinyl Chloride (PVC) 
  • Others (ABS, PA, PC, etc.) 

By Source 

  • Residential 
  • Commercial & Institutional 
  • Industrial 
  • Agriculture & Construction

By Sorting Technology 

  • Manual & Basic Mechanical 
  • Optical / NIR-Based Automated Sorting 
  • AI / Robotics-Enhanced Sorting 
  • Density & Electrostatic Separation 

By End Use of Recovered Plastics 

  • Packaging & Bottles 
  • Textiles & Fibers 
  • Construction Products (Pipes, Lumber, Panels) 
  • Automotive & E&E 
  • Consumer Goods / Housewares 

By Region 

  • North America 
    • U.S.
    • Canada
  • Europe 
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Asia Pacific 
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Latin America 
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA) 
    • South Africa
    • UAE
    • Saudi Arabia
    • Kuwait

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  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Saurabh Bidwai, a B.Tech Chemical Engineering graduate with 4+ years of experience, specializes in specialty chemicals, commodity chemicals, and engineered materials, offering valuable insights into market trends and emerging opportunities.

Learn more about Saurabh Bidwai

Aditi Shivarkar, with 14+ years in Chem and Materials market research, specializes in Chem and Materials. She ensures accurate, actionable insights, driving Towards Chem and Materials excellence in industry trends and sustainability.

Learn more about Aditi Shivarkar

Related Insights

FAQ's

The global Plastic Waste Management market size is estimated at USD 39.58 billion in 2025 and is projected to reach USD 54.66 billion by 2034, growing at a compound annual growth rate (CAGR) of 3.65% from 2025 to 2034.

Key growth drivers include increasing plastic consumption, rising awareness of plastic pollution, and stricter government regulations aimed at reducing plastic waste. The growing adoption of circular economy principles, enhanced recycling technologies, and the push for sustainable product packaging are also driving market expansion.

Europe dominated the Plastic Waste Management market with a 36% market share in 2024. The region is expected to continue leading, driven by strong environmental regulations and advanced recycling infrastructure. Asia Pacific, on the other hand, is projected to experience significant growth due to industrialization, urbanization, and growing environmental awareness.

The key technological shifts include advancements in sorting technologies such as optical/NIR-based automated sorting, AI-enhanced robotics, and the development of chemical recycling techniques. These innovations are improving recycling efficiency, enabling the management of more complex waste streams, and expanding the potential for circular plastic solutions.

Challenges include high operational costs associated with advanced recycling technologies, lack of efficient recycling infrastructure in developing regions, and fluctuating feedstock prices. Additionally, the complexity of processing mixed plastic waste and ensuring the quality of recycled products are also hindering market growth.

Remondis , Biffa , Indorama Ventures , LyondellBasell , Eastman , Tomra , ALPLA , Plastipak , KW Plastics , MBA Polymers