Current location：The share of the recycled plastics market in the global plastics market is gradually increasing. In developed countries, recycled plastics have accounted for about 20 per cent of the plastics market, while in emerging countries, this proportion is also gradually increasing.
Specifically in China, the share of recycled plastics in the global production is also considerable. According to the data, China is the world's largest producer of plastics, production accounted for 32% of the world, and in the field of recycled plastics, China also occupies a certain market share. According to statistics, China's post-consumer recycled plastic production is about 22 million tonnes, accounting for 24% of the global total.
In addition, from the point of view of the category of recycled plastics, the main recycling components of waste plastics are waste PET, waste PE, waste PP, etc., of which the recycling volume of waste PET bottles is the largest, accounting for 21%. Recycled plastics are mainly used in two major fields of film and injection moulding in China, of which recycled PET plastics account for more than 75% in the recycled chemical fibre field.
In terms of market size, the global recycled plastics market also continues to grow. the global recycled plastics market size of $27.9 billion in 2021 is expected to reach $43.5 billion in 2026, a compound annual growth rate of 9.3%. Among them, Asia-Pacific is the largest recycled plastics market in the world, accounting for 45% of the global market share in 2020 alone.
The above data and information are for reference only, the actual share may vary due to various factors, for more detailed and accurate data, please refer to the latest reports issued by relevant organisations.
