Market Forecast by Countries (Brazil, Mexico, Argentina, Rest of Latin America), By Plastic Type (Polyethylene Terephthalate (Pet), High Density Polyethylene (Hdpe), Polypropylene (Pp), Low Density Polyethylene (Ldpe), Others), By Application (Non-food Contact Packaging, Food Contact Packaging, Construction, Automotive, Others), By Raw Material (Plastic Bottles, Plastic Films, Rigid Plastic And Foam, Fibres, Others) And Competitive Landscape
| Product Code: ETC398039 | Publication Date: Aug 2022 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 |
| Report Name | Latin America Recycled Plastics Market |
| Forecast period | 2025-2031 |
| CAGR | 9.5% |
| Forecast Size | USD 2.6 billion |
Latin America Recycled Plastics Market report thoroughly covers the by countries, by plastic type, by application, and by raw material. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The recycled plastics market in Latin America has shown significant growth potential, with an estimated market size of approximately $2.6 billion in 2025. This figure is expected to expand at a compound annual growth rate (CAGR) of about 9.5% from 2025 to 2031, driven by increasing consumer awareness regarding sustainability and government initiatives aimed at reducing plastic waste.
The Latin America recycled plastics market is experiencing robust growth, driven by an increasing emphasis on sustainability and the need for effective waste management solutions. With a burgeoning population and rising consumer demand for environmentally-friendly products, the market presents significant opportunities for stakeholders to innovate and expand their operations.
According to 6Wresearch, the Latin America Recycled Plastics Market revenue is expected to reach at a significant CAGR of 9.5% during the forecast period 2025-2031. Key drivers of this market include heightened consumer awareness regarding environmental issues, which is prompting companies to adopt sustainable practices. Government regulations aimed at reducing plastic waste and encouraging recycling initiatives also play a crucial role. Furthermore, sectors such as packaging, construction, and automotive continue to demand recycled plastics, fuelling Latin America Recycled Plastics Market growth.
Despite its growth potential, the Latin America recycled plastics market faces several challenges. These include inconsistent recycling infrastructure across different countries, which can lead to inefficiencies in plastic collection and processing. Additionally, the fluctuating prices of raw materials can affect the competitiveness of recycled plastics, making it essential for market players to navigate these obstacles to ensure sustainable growth.
In the rapidly evolving landscape of the Latin America recycled plastics market, several key players have emerged, driving innovation and growth. Companies like Braskem, BASF, and Alpla are at the forefront, leveraging advanced recycling technologies and robust supply chains to deliver high-quality recycled materials.
Government regulations in Latin America are increasingly focused on promoting recycling and reducing plastic waste. Many countries are implementing stricter guidelines that mandate recycling targets for businesses and promote the use of recycled materials in manufacturing processes. Initiatives such as extended producer responsibility (EPR) laws are gaining traction, ensuring that producers take accountability for the entire lifecycle of their products. These regulatory frameworks aim to create a circular economy, encouraging innovation and compliance within the recycled plastics market.
The future of the Latin America recycled plastics market looks promising, with projections indicating continued growth driven by a combination of technological advancements and increasing environmental awareness among consumers. As more companies prioritise sustainability, there is likely to be a surge in investment in recycling infrastructure and innovative recycling technologies. With rising consumer demand for eco-friendly products and responsive regulatory measures, the market is poised for a transformative shift towards greater sustainability and efficiency.
Brazil stands out as the leader in the market, primarily due to its robust recycling infrastructure and comprehensive regulatory framework that promotes sustainable practices. The country has made significant strides in both collection and processing of recycled materials, contributing to a well-established supply chain for recycled plastics.
According to Ravi Bhandari, Research Head, 6Wresearch, In the market, the leading application segment is Non-food Contact Packaging. This is primarily driven by the rising demand for sustainable packaging solutions across various industries, including consumer goods and retail. Non-food contact packaging encompasses items such as containers, films, and trays, which are increasingly made from recycled materials to reduce environmental impact.
The report offers a comprehensive study of the subsequent market segments:
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Latin America Recycled Plastics Market Overview |
| 3.1 Latin America Regional Macro Economic Indicators |
| 3.2 Latin America Recycled Plastics Market Revenues & Volume, 2021 & 2031F |
| 3.3 Latin America Recycled Plastics Market - Industry Life Cycle |
| 3.4 Latin America Recycled Plastics Market - Porter's Five Forces |
| 3.5 Latin America Recycled Plastics Market Revenues & Volume Share, By Countries, 2021 & 2031F |
| 3.6 Latin America Recycled Plastics Market Revenues & Volume Share, By Plastic Type, 2021 & 2031F |
| 3.7 Latin America Recycled Plastics Market Revenues & Volume Share, By Form, 2021 & 2031F |
| 3.8 Latin America Recycled Plastics Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
| 4 Latin America Recycled Plastics Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.2.1 Increasing awareness and focus on environmental sustainability in Latin America |
| 4.2.2 Government regulations promoting the use of recycled plastics |
| 4.2.3 Growing demand from various end-user industries such as packaging, automotive, and construction |
| 4.3 Market Restraints |
| 4.3.1 Lack of infrastructure for efficient collection and recycling of plastic waste in Latin America |
| 4.3.2 Volatility in prices of virgin plastics affecting the competitiveness of recycled plastics |
| 4.3.3 Limited technological advancements in recycling processes leading to lower quality recycled plastics |
| 5 Latin America Recycled Plastics Market Trends |
| 6 Latin America Recycled Plastics Market, 2021 - 2031 |
| 6.1 Latin America Recycled Plastics Market, Revenues & Volume, By Plastic Type, 2021 - 2031 |
| 6.2 Latin America Recycled Plastics Market, Revenues & Volume, By Application, 2021 - 2031 |
| 6.3 Latin America Recycled Plastics Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
| 7 Brazil Recycled Plastics Market, 2021 - 2031 |
| 7.1 Brazil Recycled Plastics Market, Revenues & Volume, By Plastic Type, 2021 - 2031 |
| 7.2 Brazil Recycled Plastics Market, Revenues & Volume, By Application, 2021 - 2031 |
| 7.3 Brazil Recycled Plastics Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
| 8 Mexico Recycled Plastics Market, 2021 - 2031 |
| 8.1 Mexico Recycled Plastics Market, Revenues & Volume, By Plastic Type, 2021 - 2031 |
| 8.2 Mexico Recycled Plastics Market, Revenues & Volume, By Application, 2021 - 2031 |
| 8.3 Mexico Recycled Plastics Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
| 9 Argentina Recycled Plastics Market, 2021 - 2031 |
| 9.1 Argentina Recycled Plastics Market, Revenues & Volume, By Plastic Type, 2021 - 2031 |
| 9.2 Argentina Recycled Plastics Market, Revenues & Volume, By Application, 2021 - 2031 |
| 9.3 Argentina Recycled Plastics Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
| 10 Rest of Latin America Recycled Plastics Market, 2021 - 2031 |
| 10.1 Rest of Latin America Recycled Plastics Market, Revenues & Volume, By Plastic Type, 2021 - 2031 |
| 10.2 Rest of Latin America Recycled Plastics Market, Revenues & Volume, By Application, 2021 - 2031 |
| 10.3 Rest of Latin America Recycled Plastics Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
| 11 Latin America Recycled Plastics Market Key Performance Indicators |
| 11.1 Percentage of recycled content in plastic products manufactured in Latin America |
| 11.2 Number of government policies and regulations supporting the use of recycled plastics |
| 11.3 Growth in investments in recycling facilities and technologies in the region |
| 12 Latin America Recycled Plastics Market - Opportunity Assessment |
| 12.1 Latin America Recycled Plastics Market Opportunity Assessment, By Countries, 2021 & 2031F |
| 12.2 Latin America Recycled Plastics Market Opportunity Assessment, By Plastic Type, 2021 & 2031F |
| 12.3 Latin America Recycled Plastics Market Opportunity Assessment, By Application, 2021 & 2031F |
| 12.4 Latin America Recycled Plastics Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
| 13 Latin America Recycled Plastics Market - Competitive Landscape |
| 13.1 Latin America Recycled Plastics Market Revenue Share, By Companies, 2024 |
| 13.2 Latin America Recycled Plastics Market Competitive Benchmarking, By Operating and Technical Parameters |
| 14 Company Profiles |
| 15 Recommendations |
| 16 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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