Chemical recycling is revolutionizing plastic waste management by breaking plastics down into their molecular components to create high-quality, virgin-like materials. Unlike traditional mechanical recycling, which often results in downcycled products, chemical methods like pyrolysis, gasification, depolymerization, and solvent-based recycling can process a broader range of plastics, including contaminated or mixed materials. These methods support circular economies by enabling plastics to be reused without compromising quality, reducing reliance on fossil-based plastics, and curbing greenhouse gas emissions. As advancements improve efficiency and scalability, chemical recycling offers a promising path toward minimizing plastic waste, promoting sustainability, and fostering a greener future.