The market for recycled plastic is experiencing significant growth, driven by increasing regulatory pressure to reduce plastic waste, rising consumer demand for sustainable products, and advancements in recycling technologies. Government mandates and international policies aimed at promoting environmental sustainability are compelling manufacturers to incorporate more recycled content in their products. Additionally, the growing awareness among businesses and consumers regarding environmental issues is leading to a shift toward eco-friendly materials. Technological innovations, such as chemical recycling and improved sorting systems, are also enhancing the efficiency and quality of recycled plastics, further accelerating market expansion.