Europe Recycled Plastics Market Analysis 2025

Market Size in 2024: 13.3 Million Tons
Market Forecast in 2033: 19.6 Million Tons
Market Growth Rate 2025-2033: 4.42%

The Europe recycled plastics market reached 13.3 million tons in 2024 and is projected to expand to 19.6 million tons by 2033. This growth represents a compound annual growth rate of 4.42% between 2025 and 2033, reflecting the region’s strong commitment to sustainability, circular economy initiatives, and the rising demand for eco-friendly materials across industries.

Growth Drivers of the European Recycled Plastics Market

Government Incentives and Policy Support

The European governments are encouraging recycling by use of subsidies, tax incentives and stringent policies on plastic waste. The European Environment Agency has established very ambitious climate targets among them the target of cutting greenhouse gas emissions by 55 percent by 2030 and climate neutrality by 2050. These measures promote the use of recycled plastics in the manufacturing of the companies. The practices that are environmentally friendly are getting cheaper with subsidies and other forms of financial rewards, whereas the extended producer responsibility (EPR) programs are forcing manufacturers to assume responsibility of plastic waste. This regulatory impetus is establishing a positive atmosphere to growth of recycled plastics in packaging, automotive and construction industry.

Rising Awareness of Energy Savings

The energy used in recycling of the plastics is much less than that of making virgin plastics. This energy efficiency benefit is emerging to be a major force behind the industries that are looking to cut down the operational costs and carbon footprints. There are organizations like Plastics Europe which are investing heavily on chemical recycling technologies with the aim of realizing 1.2 million ton of recycled plastics by 2025 and 3.4 million ton by 2030. These efforts form the two-fold benefits of cost reduction and environment-friendliness. People are also showing the preference to using products derived out of recycled plastics which is further increasing demand and subsequently forcing the companies to implement greener behaviors.

Advancements in Recycling Technologies and Circular Economy Initiatives

Recycled plastics are getting better and can be used due to technological innovations in sorting, cleaning, and chemical recycling. An example is the 2025, Agilyx and Carlos Monreal started Plastyx, a venture with a goal of 200,000 tons of plastic waste feedstock to be chemical recycled by the end of 2025. These alliances are boosting the recycling ability of Europe and aiding the model of the circular economy where reusing materials and minimizing wastes are of priority. The developments are facilitating the recycled plastics to match the virgin plastics in performance and hence, become more desirable to the industries such as packaging, textile, and automobiles production.

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Europe Recycled Plastics Market Segmentation

Analysis by Source

• Plastic Bottles
• Plastic Films
• Rigid Plastics and Foams
• Fibres
• Others

Analysis by Application

• Packaging
• Electrical and Electronic
• Automotive
• Agriculture
• Construction and Demolition
• Household (Non-Packaging Use)
• Others

Analysis by Plastic Type

• Polyethylene Terephthalate (PET)
• High Density Polyethylene (HDPE)
• Polypropylene (PP)
• Low Density Polyethylene (LDPE)
• Others

Analysis by Country

• Germany
• UK
• Italy
• France
• Spain
• Others

Biggest European Recycled Plastics Companies:

Some of the key players in the European recycled plastics market include:

• Müller-Guttenbrunn Group
• MBA Polymers, Inc.
• Paprec Group
• Morssinkhof Rymoplast

Europe Recycled Plastics Market News

• April 2025: DePoly secured USD 23 million in seed funding to launch a 500-ton-per-year PET recycling plant in Switzerland, advancing fossil-free chemical recycling.
• March 2025: OMV inaugurated its ReOil chemical recycling plant in Austria with a capacity of 16,000 tons per year, converting hard-to-recycle plastics into pyrolysis oil.
• March 2025: Eni’s chemical division, Versalis, opened a recycled plastic production plant in Italy, focusing on packaging and construction applications.
• February 2025: KINGFA launched a chemical recycling facility in Spain with a capacity of 30,000 tons annually, strengthening the country’s circular economy efforts.

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

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