Global Recycled Polyethylene Terephthalate Market Size By Source (Post-Consumer PET, Post-Industrial PET), By Colour (Clear R-pET, Coloured R-PET), By Product Type (R-PET Flakes, R-PET Resins), By End Use (Packaging, Non-Packaging), By Geographic Scope And Forecast
Global Recycled Polyethylene Terephthalate Market Size By Source (Post-Consumer PET, Post-Industrial PET), By Colour (Clear R-pET, Coloured R-PET), By Product Type (R-PET Flakes, R-PET Resins), By End Use (Packaging, Non-Packaging), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Recycled Polyethylene Terephthalate Market Size And Forecast
Recycled Polyethylene Terephthalate Market size was valued at USD 9.2 Billion in 2021 and is projected to reach USD 13.7 Billion by 2030, growing at a CAGR of 5.37% from 2023 to 2030.
So, recycled polyethylene terephthalate? Basically, it's plastic made from, well, other polyethylene terephthalate plastic. You know, the stuff used for bottles and packaging. And get this, one of the big reasons the Recycled Polyethylene Terephthalate Market is growing, especially in the auto industry, is that everyone wants stuff that's sustainable and good for the planet. People care more about their impact, and they're looking for products made from recycled materials. Using recycled polyethylene terephthalate to make car parts like seat backs, carpets, and even door panels? That's a smart way to cut down on plastic waste and help create a circular economy.
Global Recycled Polyethylene Terephthalate Market Definition
The Recycled Polyethylene Terephthalate Market refers to the market for plastic material that is made by recycling post-consumer or post-industrial waste PET (polyethylene terephthalate). recycled polyethylene terephthalate is widely used in various industries, including food and beverage packaging, textile manufacturing, automotive, and construction.
The increasing demand for sustainable and eco-friendly products has driven the growth of the Recycled Polyethylene Terephthalate Market in recent years, as recycled polyethylene terephthalate is a recycled material that reduces waste and promotes a circular economy. Additionally, the adoption of regulations and policies aimed at reducing plastic waste and promoting sustainability has also contributed to the growth of the Recycled Polyethylene Terephthalate Market.
What's inside a industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
Global Recycled Polyethylene Terephthalate Market Overview
The Recycled Polyethylene Terephthalate Market is growing rapidly as companies and consumers become increasingly concerned about sustainability and reducing waste. A recycled polyethylene terephthalate is a form of PET plastic that has been recycled and can be used in a variety of applications, including packaging, textiles, and automotive components. The market for rPET is being driven by several factors, including government regulations aimed at reducing plastic waste, consumer demand for sustainable products, and cost advantages over virgin PET. In addition, advancements in recycling technology are making it easier and more efficient to recycle PET plastic.
People are getting more and more concerned about the environment, and that's creating a big push for packaging that's better for the planet. Because of this, we're seeing a real jump in the need for rPET. Folks see it as a much more eco-friendly option compared to standard plastics. The good news is that the way we make rPET is getting way better, so it's now easier and cheaper to produce recycled plastic that's actually good quality. Plus, lots of governments worldwide are bringing in rules and plans to cut down on regular plastic and push for things like rPET. This is really fueling the demand and opening up new chances for businesses in the rPET market.
Global Recycled Polyethylene Terephthalate MarketSegmentation Analysis
The Global Recycled Polyethylene Terephthalate Market is Segmented on the basis of Source, Colour, Product Type, End Use, and Geography.
Recycled Polyethylene Terephthalate Market, By Source
Post-Consumer PET
Post-industrial PET
Based on Source, the market is bifurcated into Post-Consumer PET and Post-industrial PET. Post-industrial PET may be a more significant source of recycled PET due to the specific industrial processes and products in a region. For example, in the production of PET film and sheets for packaging, post-industrial waste can be collected and recycled back into the production process more efficiently than post-consumer waste.
Recycled Polyethylene Terephthalate Market, By Colour
Clear R-pET
Coloured R-PET
Based on Colour, the market is bifurcated into Clear R-pET and Coloured R-PET. The recycled polyethylene terephthalate (R-PET) market has a clear R-PET as its most popular hue. This is due to the fact that clear R-PET accounts for a sizable portion of the manufacture of all recycled PET and is the most widely used variety of recycled PET. For applications such as bottles, containers, and food trays, clear R-PET is widely utilized in the packaging sector. This is because clear R-PET has high clarity, making it a perfect option for products that must be visible to consumers.
Recycled Polyethylene Terephthalate Market, By Product Type
R-PET Flakes
R-PET Resins
R-PET Fibers
So, when we look at the Product Type, the market kinda splits into three main categoriesR-PET Flakes, R-PET Resins, and R-PET Fibers. And it looks like R-PET Flakes are going to grab the biggest slice of the revenue pie for the foreseeable future. Yep, those recycled polyethylene terephthalate (R-PET) flakes are really running the show in the recycled PET market! Think of them as the workhorses of the industry, made from old PET bottles and finding their way into everything from packaging to textiles to even car parts and building materials. Why? Well, people are wising up about the environment and want sustainable options. Plus, using R-PET flakes means we don't need as much brand-new plastic, which helps cut down on waste and environmental damage. They're also a pretty good deal, boasting high strength, long-lasting performance, and resistance to chemicals - making them a smart choice over virgin PET.
Recycled Polyethylene Terephthalate Market, By End Use
Packaging
Non-Packaging
Others
Okay, so the market basically splits into Packaging, Non-packaging, and, well, Others, depending on how the stuff is used. Looks like Packaging is going to be the big winner, grabbing most of the revenue over the next few years. Recycled Polyethylene Terephthalate (rPET) is popping up everywhere – in packaging, clothes, cars, even buildings! But packaging is where it's really shining. Why? Because everyone's clamoring for sustainable, eco-friendly packaging, and rPET is perfect for that. Plus, using rPET in boxes and bottles helps keep plastic out of our landfills and oceans since it's made from recycled bottles and other plastic junk.
Recycled Polyethylene Terephthalate Market, By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Looking at the Recycled Polyethylene Terephthalate Market by region, we see it broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Right now, Asia Pacific is really leading the way, and that's largely thanks to China. Think about itthey've got a huge population, their economies are booming, and there's a growing buzz around being environmentally friendly. Plus, Asia Pacific folks use a ton of plastic, which, let's face it, means a lot of plastic waste. Because of this, they've built up a pretty impressive recycling system, specifically for plastics like PET. You'll also find a bunch of the big R-PET producers and recyclers there, making it the go-to spot for both making and using R-PET.
Key Players
Want to know what's happening in the world of recycled PET? This report, "Global Recycled Polyethylene Terephthalate Market," gives you the inside scoop! It's packed with info about the worldwide market, highlighting key players like AL Mehtab Industries, Ventures Public Company Limited, ALPLA, Bantam Materials, Carboniite Industries LLC, Clean Tech UK. Ltd., Clear Path Recycling LLC, Custom Polymers Inc., DuFor, Evergreen Plastics Inc., Extrupet Group (Pty) Ltd., Indorama Ventures Public Company Limited, JP Recycling Ltd, Libolon, Marglen Industries, Peninsula Plastics Recycling, PETCO, Phoenix Technologies International LLC, PLACON Corporation, PolyQuest, Portage Plastics, Seiu Japan Co, Ltd., UltrePET LLC, UMA SCHREIBGERATE ULLMANN GMBH, Unifi, Verdeco Recycling, Inc.. We also dive into the competitive scene, looking at what these companies are up to—their strategies, market share, and where they stand in the global market.
Key Developments
In 2020, Indorama Ventures announced its plan to invest $1.5 billion to increase its production capacity of R-PET flakes. The company aims to become the world’s leading producer of sustainable materials.
In 2021, Placon announced the launch of its EcoStar brand of R-PET packaging products. The EcoStar products are made from 100% post-consumer recycled materials, and the company aims to help reduce plastic waste and promote sustainability.
In 2021, M&G Chemicals announced its partnership with Italy-based Aliplast to build a new plant for the production of R-PET. The plant is expected to have an annual production capacity of 20,000 metric tons and will help meet the growing demand for sustainable packaging solutions.
In 2021, CarbonLITE announced its plan to build a new R-PET recycling plant in Pennsylvania. The plant is expected to have an annual production capacity of 80 million pounds of R-PET flakes and will help meet the growing demand for sustainable packaging solutions in the region.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Recycled Polyethylene Terephthalate Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in Global Recycled Polyethylene Terephthalate Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
For a single, multi and corporate client license, the report will be available in PDF format.
Sample report would be given you in excel format. For more questions please contact:
Sample Report for Global Recycled Polyethylene Terephthalate Market Size By Source (Post-Consumer PET, Post-Industrial PET), By Colour (Clear R-pET, Coloured R-PET), By Product Type (R-PET Flakes, R-PET Resins), By End Use (Packaging, Non-Packaging), By Geographic Scope And Forecast
