The Chemical Recycling of Plastics Market size was valued at USD 14.92 Bn. in 2023 and the total Chemical Recycling of Plastics revenue is expected to grow at a CAGR of 9.4% from 2024 to 2030, reaching nearly USD 27.98 Bn. by 2030.

Chemical recycling involves transforming polymer waste by altering its chemical structure to regenerate substances that can be utilised as raw materials for producing plastics or other products. Various chemical recycling technologies include pyrolysis, gasification, hydro-cracking, and depolymerisation. Chemical recycling is revolutionizing the circular economy globally. Growing investment highlights the industry's commitment to tackling plastic waste and aligns with the Green Deal’s climate and sustainability goals. The planned investment in chemical recycling has significantly increased, rising from USD 2.87 billion in 2025 to USD 8.83 billion by 2030.