April 2025
The global chemical recycling feedstock market is growing with innovations, rising demand, and sustainable solutions in global recycling processes. The chemical recycling feedstock market is driven by increasing plastic waste management initiatives, circular economy adoption, and rising demand for sustainable raw materials.
Chemical recycling feedstock is an emerging sector experiencing significant growth as a result of increased plastic waste generation, sustainability priorities, and new recycling technologies. Chemical recycling feedstock encapsulates a process that transforms plastic waste into similar feedstock including pyrolysis oil, syngas, and monomers, which can be repurposed into new plastics and chemicals. There are new (and emerging) regulations in place across multiple industries fuelling the introduction of circular economy initiatives and a need for low carbon resources in packaging, automotive, and various manufacturing sectors. The market is developing as an important tool to provide solutions around circular economy practices and move society away from reliance on virgin fossil resource.
North America is the leading region in chemical (feedstock) recycling and has a dense cluster of polymers and petrochemical players, complimentary corporate commitments to recycled content, and policy incentives that lower commercial risk for advanced-recycling projects. The existence of large pilot commercial plants, developed collection/sorting infrastructure, and proximity to technology developers all shorten commercialization timeframes and improve feedstock quality, enabling North America to capture high-value offtake and investments in 2024–25.
Asia Pacific, rapidly emerging as the fastest-growing region, continues to expand in response to strong plastics consumption, growing industrial capacity, and public/private funding. Government and company investments are being made for new crackers, storage, and logistics to secure cheaper feedstocks and advance circularity, while upstart regional players jump in with scale-up projects and partnerships—all leading to APAC surpassing and announcing projects and capacity additions. Current manufacturing growth and policy momentum drive this growth.
Report Attribute | Key Statistics |
Quantitative Units | Revenue in USD million/billion, Volume in units |
Largest Market | North America |
Base Year | 2024 |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa |
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