Driven by mounting consumer demand for sustainable products and tighter regulations on plastic use, the global recycled plastics industry is on track to nearly double—from roughly $69.4 billion in 2023 to an estimated $120 billion by 2030, growing at an 8.1 percent annual pace . Major markets such as packaging, automotive, and electronics are increasingly substituting virgin resins with post-consumer and post-industrial feedstocks, reducing energy use by up to 130 million kJ per ton and curbing greenhouse emissions . At the same time, policymakers from the European Union’s binding 30 percent recycled-content mandate for packaging by 2030 to extended-producer-responsibility schemes in the United States are forging a clear path toward a circular plastics economy.