The global plastic recycling market is expected to grow from USD 44.3 billion in 2021 to USD 76.5 billion in 2028, exhibiting a CAGR of 8.6% during the forecast period 2022-2028. The growth of the global plastic recycling market is primarily supported by the growing plastic production as well as demand. Increasing the use of lightweight plastic components and rising awareness of plastic's adverse effects on the environment also drive the market.