Expansion of Recycled High-Density Polyethylene Market projected at 8.7% yearly rate up to 2034
The global recycled HDPE (high-density polyethylene) market is on an upward trajectory, projected to reach a staggering USD 38.7 billion by 2034. This growth is driven by increasing demand, particularly for food-grade applications, and innovative solutions from industry leaders.
One such player is Veolia Environnement SA, which is expanding its recycled HDPE production capacity to meet the rising demand. Meanwhile, KW Plastics is making strides in processing hard-to-recycle colored HDPE containers, such as those for laundry detergent.
The European region is expected to witness significant growth in the Global Recycled HDPE Market, with the Asia Pacific region leading the way in 2024, contributing over 53.9% share. In the same year, the market was valued at USD 16.8 billion, with the Asia Pacific region valued around USD 9 billion.
Plastipak Holdings, Inc. and Altium Packaging are actively partnering with major brands in the food, beverage, and household chemicals sectors to help them meet recycled content targets and circularity goals. Plastipak Holdings, Inc., a leader in producing food-grade rHDPE, is expanding its recycling facilities across Europe and the US. Altium Packaging, on the other hand, is focusing on producing sustainable packaging with high recycled content, including rHDPE containers made with up to 100% post-consumer resin (PCR).
Biffa Group is investing in UK plastic recycling infrastructure to produce rHDPE pellets for domestic use. Regulatory measures in countries like China, South Korea, and Japan are bolstering local plastic recycling efforts, driving demand for recycled HDPE.
The CAGR of the Global Recycled HDPE Market is 8.7% between 2025 and 2034. Recycled HDPE is increasingly being used in various sectors, including outdoor furniture and benches, construction piping and lumber, recycling bins and trash cans, toys and playground gear, and household chemicals packaging.
However, it's worth noting that due to potential contamination risks during the recycling process, recycled HDPE is primarily used for non-food applications. The consumer goods sector led the Global Recycled HDPE Market with a 31.1% share in 2024.
The company most active in the production of recycled HDPE is Erema Group, a recycling specialist known for advancing circular economy solutions and innovative recycling technologies for hard plastics including HDPE.
In conclusion, the global recycled HDPE market is poised for substantial growth, with key players and regions making significant strides in innovation and sustainability. As regulatory measures continue to bolster local plastic recycling efforts and demand for recycled HDPE increases, we can expect to see continued growth in this sector.
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