Recycled Polyethylene Terephthalate (RPET) Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Flakes, Chips), By Source (Bottle & Containers, Films & Sheet, Other), By End Use (Strapping, Food & Beverage Containers and Bottles, Non-Food Containers and Bottles, Others), By Region, and Competition Forecast
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationRecycled Polyethylene Terephthalate (RPET) Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Flakes, Chips), By Source (Bottle & Containers, Films & Sheet, Other), By End Use (Strapping, Food & Beverage Containers and Bottles, Non-Food Containers and Bottles, Others), By Region, and Competition Forecast
For example, PepsiCo and Evian aim to recycle 75% of their packaging waste and 100% of their plastics by 2030 and 2025, respectively.
Increasing Consumer Awareness towards Sustainability
It is expected that the global plastic waste volume would reach 12 billion metric tonnes by 2050.
Growing Demand from various End User Industries
Recycled PET is similar in characteristics and properties to PET, which is commonly used in packaging and various other applications like clothes, sheets & films, food & beverage containers, cushions, and automobile parts. The demand for recycled polyethylene terephthalate is primarily driven by the packaging demand created from food & beverage industries. Additionally, various companies operating in the market have committed to implementing at least 50% of recycled plastic in packaging by 2030.
Recent Developments
- By
investing in new extrusion equipment to make pellets in its facility in
Bowling Green, Phoenix Technologies International LLC., in September 2022,
said that the company will enhance the quantity of food-grade recycled
polyethylene terephthalate (RPET) manufactured by them. Once the expansion
gets completed by mid of 2023, the company anticipates of producing 140
million pounds of RPET resin yearly, which is equivalent to processing 5
billion bottles.
- In
July 2022, Evergreen, American recycled PET manufacturer company completed
the expansion of a new production plant in Clyde, Ohio. The expansion,
which started as a USD 22 million project with three lines in August 2021,
changed due to growing customer demand for recycled PET plastic. The 54,000-square-foot
addition has four extrusion lines that may be expanded to six, producing
11.8 billion bottles annually for a total capacity of 113 million pounds
of food-grade PET locally. Along with Closed Loop Partners, the American
Beverage Association, Ohio Beverage Association, and other organizations the
company focuses on making this achievement feasible.
- In
May 2022, an Australian supermarket chain, Clones, designed a shopping bag
made of 80% recycled plastic & 20% marine waste plastic. By 2025,
Australia National Packaging Targets increasing recycled materials
utilization in packaging applications.
- Indorama
Ventures, in June 2021 purchased the Texas factory of CarbonLite Holdings.
With this acquisition, the firm hopes to swiftly increase its
manufacturing capacity while extending its reach in North America.
Market Segmentation
Global Recycled Polyethylene Terephthalate Market
Company Profiles
Placon Corp., Keenpro Industry Corp., Plastipak Industries Inc., Clear Path Recycling LLC., Indorama Ventures Public Company Limited, Verdeco Recycling Inc., Loop Industries, Inc., PolyQuest, Inc., EvergreenTogether, Alpek SAB de CV are some of the key players operating in the Global Recycled Polyethylene Terephthalate Market.
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 – 2022 |
|
Estimated Year |
2023 |
|
Forecast Period |
2024 – 2028 |
|
Quantitative Units |
Revenue in
USD Million, Volume in Metric Tonnes, and CAGR for 2018-2022 and 2023-2028 |
|
Report coverage |
Revenue
forecast, volume forecast, company share, competitive landscape, growth factors,
and trends |
|
Segments covered |
·
Type ·
Source ·
End Use |
|
Regional scope |
North
America, Europe, Asia Pacific, South America, Middle East & Africa |
|
Country scope |
United
States; Mexico; Canada; France; Germany; United Kingdom; Spain; Italy; China;
India; South Korea; Japan; Thailand; Vietnam;
Australia; Brazil; Argentina; South Africa; Saudi Arabia; UAE |
|
Key companies profiled |
Placon
Corp., Keenpro Industry Corp., Plastipak Industries Inc., Clear Path
Recycling LLC., Indorama Ventures Public Company Limited, Verdeco Recycling Inc., Loop
Industries, Inc., PolyQuest, Inc., EvergreenTogether, Alpek SAB de CV |
|
Customization scope |
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope. |
|
Pricing and purchase
options |
Avail customized
purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request) |
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