Chemical Plastic Recycling Innovation Hits Record High as Global Patent Activity Surges
A new industry report reveals patent activity for chemical plastic recycling has more than doubled since 2019. South Korea emerged as the top innovator, outpacing the U.S. and Europe for the first time in five years. Analysts suggest sustained growth reflects mounting pressure for a circular plastic economy.
Record-Breaking Growth in Chemical Recycling Patents
Innovation in chemical plastic recycling has reached unprecedented levels, according to reports from the latest “Inside Green Innovation: Progress Report” by intellectual property firm Appleyard Lees. Patent filings surged to 794 in 2023—a more than 6% annual increase and more than double the activity recorded five years prior. Analysts suggest this acceleration signals growing global commitment to addressing plastic waste through advanced recycling technologies.
