The Americas recycled polyethylene terephthalate market size is anticipated to reach USD 4.32 billion by 2030. The market is expected to expand at a CAGR of 6.3% from 2023 to 2030. The recycled Polyethylene Terephthalate (rPET) market in the Americas is being focused on with regard to sustainability and environmental consciousness. As consumers and businesses become increasingly aware of the environmental impact of plastic waste, there is a strong demand for eco-friendly and recycled solutions.
This trend has led to a significant surge in the use of rPET in various industries, including packaging, textiles, and automotive. Companies in the Americas are actively incorporating rPET into their products to appeal to environment-conscious consumers and to align with sustainable business practices. Moreover, the meteoric rise of circular economy initiatives and the implementation of recycling policies by governments in the region are further propelling the adoption of rPET, making it a key trend in the market.
The driving factor behind the growing adoption of rPET in the Americas is the urgent need to address plastic pollution and reduce the reliance on virgin plastics. Recycling PET bottles and containers to produce recycled polyethylene terephthalate (rPET) significantly reduces the amount of plastic waste that ends up in landfills or oceans, thereby contributing to a more sustainable waste management system. The circular economy approach, where discarded PET materials are recycled and repurposed into new products, has gained momentum in the region, driving companies to embrace rPET as a vital component of their sustainability strategies.
Additionally, the positive consumer response to eco-friendly products, coupled with the implementation of stringent environmental regulations, has encouraged businesses to incorporate rPET into their offerings. A combination of these driving factors is shaping the market for recycled polyethylene terephthalate in the Americas and steering the region toward a more environmentally responsible and sustainable future.
Clear rPET is a highly in-demand product, accounting for more than 64.0% of the revenue share in 2022, owing to its widespread applications and environmental advantages. The popularity of clear rPET stems from its use in beverage packaging, providing transparency that enhances product visibility and attracts consumers. Additionally, as environmental consciousness grows, the demand for sustainable packaging solutions has surged, and clear rPET fits the bill perfectly. It reduces the reliance on virgin plastics, lowers the carbon footprint, and resonates with consumers seeking eco-friendly alternatives. With its eco-conscious appeal and versatile applications, clear rPET continues to lead the way in the Americas' recycled PET market.
Fiber is a significant end-use segment, accounting for over 39% of the market share in 2022, due to its multifaceted appeal and strong alignment with sustainability goals. As consumers increasingly value eco-friendly choices, the textile industry has embraced recycled PET fiber as a versatile and environmentally responsible alternative. By utilizing post-consumer PET bottles to create fiber, the production process significantly reduces plastic waste and conserves resources, making it an attractive option for conscious consumers and manufacturers alike.
Moreover, the adaptable nature of this fiber allows it to be used in a wide range of textile applications, from sportswear to home textiles, offering benefits such as durability, performance, and style without compromising environmental stewardship. This growing demand for sustainable textiles and the industry's commitment to circular economy principles have solidified the fiber segment’s dominance in the Americas’ recycled PET market.
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This trend has led to a significant surge in the use of rPET in various industries, including packaging, textiles, and automotive. Companies in the Americas are actively incorporating rPET into their products to appeal to environment-conscious consumers and to align with sustainable business practices. Moreover, the meteoric rise of circular economy initiatives and the implementation of recycling policies by governments in the region are further propelling the adoption of rPET, making it a key trend in the market.
The driving factor behind the growing adoption of rPET in the Americas is the urgent need to address plastic pollution and reduce the reliance on virgin plastics. Recycling PET bottles and containers to produce recycled polyethylene terephthalate (rPET) significantly reduces the amount of plastic waste that ends up in landfills or oceans, thereby contributing to a more sustainable waste management system. The circular economy approach, where discarded PET materials are recycled and repurposed into new products, has gained momentum in the region, driving companies to embrace rPET as a vital component of their sustainability strategies.
Additionally, the positive consumer response to eco-friendly products, coupled with the implementation of stringent environmental regulations, has encouraged businesses to incorporate rPET into their offerings. A combination of these driving factors is shaping the market for recycled polyethylene terephthalate in the Americas and steering the region toward a more environmentally responsible and sustainable future.
Clear rPET is a highly in-demand product, accounting for more than 64.0% of the revenue share in 2022, owing to its widespread applications and environmental advantages. The popularity of clear rPET stems from its use in beverage packaging, providing transparency that enhances product visibility and attracts consumers. Additionally, as environmental consciousness grows, the demand for sustainable packaging solutions has surged, and clear rPET fits the bill perfectly. It reduces the reliance on virgin plastics, lowers the carbon footprint, and resonates with consumers seeking eco-friendly alternatives. With its eco-conscious appeal and versatile applications, clear rPET continues to lead the way in the Americas' recycled PET market.
Fiber is a significant end-use segment, accounting for over 39% of the market share in 2022, due to its multifaceted appeal and strong alignment with sustainability goals. As consumers increasingly value eco-friendly choices, the textile industry has embraced recycled PET fiber as a versatile and environmentally responsible alternative. By utilizing post-consumer PET bottles to create fiber, the production process significantly reduces plastic waste and conserves resources, making it an attractive option for conscious consumers and manufacturers alike.
Moreover, the adaptable nature of this fiber allows it to be used in a wide range of textile applications, from sportswear to home textiles, offering benefits such as durability, performance, and style without compromising environmental stewardship. This growing demand for sustainable textiles and the industry's commitment to circular economy principles have solidified the fiber segment’s dominance in the Americas’ recycled PET market.
Americas Recycled Polyethylene Terephthalate Market Report Highlights
- Clear rPET is the dominant product segment, accounting for over 64.0% of the market share in 2022. This can be attributed to its versatile applications, especially in beverage packaging, and the increasing demand for sustainable and transparent packaging solutions, which align with consumers' environmental concerns. The ability of clear rPET to be easily recycled without compromising its transparency and quality makes it an attractive choice, driving its popularity and widespread adoption in the region's recycled PET market
- Fiber is the leading end-use segment, accounting for more than 39% of the revenue share in 2022, owing to its versatile applications in the textile industry, ranging from apparel like sportswear to home textiles like carpets and upholstery. The increasing demand for sustainable and eco-friendly textiles has fueled the adoption of recycled PET fiber as a viable solution, as it reduces plastic waste by using post-consumer PET bottles. Its performance characteristics, combined with a strong commitment to circular economy principles, solidify fiber's leading position in the region's recycled PET market
- Growing environmental consciousness among consumers and businesses has led to an increased demand for sustainable packaging solutions, driving the adoption of recycled PET products in the Americas
- Clear rPET has witnessed a surge in demand in the Americas due to its versatile applications, especially in beverage packaging, with transparency and sustainability being highly valued by regional consumers
- The fashion industry's increasing focus on sustainability has spurred the use of recycled PET fibers in clothing, contributing to the steady growth of the market in the textile segment In December 2022, Placon launched a new recycled polyethylene terephthalate (rPET)-made deli product line. Dubbed ‘Crystal Seal Cravings’, the deli product line is built using post-consumer rPET materials that will help meet sustainability goals. Cravings products are ideal for food items, including veggies, cold deli, fresh-cut fruits, and more
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Table of Contents
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Americas Recycled Polyethylene Terephthalate Market Variables, Trends & Scope
Chapter 4 Americas Recycled Polyethylene Terephthalate Market: Product Estimates & Trend Analysis
Chapter 5 Americas Recycled Polyethylene Terephthalate Market: End-Use Estimates & Trend Analysis
Chapter 6 Americas Recycled Polyethylene Terephthalate Market: Regional Estimates & Trend Analysis
Chapter 7 Competitive Landscape
Chapter 8 Company Profiles
List of Tables
List of Figures
Companies Mentioned
- Indorama Ventures (USA) Inc.
- Clear Path Recycling LLC
- Plastipak Holdings, Inc.
- CarbonLite Industries LLC
- Verdeco Recycling Inc.
- Phoenix Technologies International LLC
- Envision Plastics Industries LLC
- Unifi Manufacturing Inc.
- DAK Americas LLC
- Global PET Resin, Inc.
- Custom Polymers PET, LLC
- Amcor Rigid Plastics USA, LLC
- Loop Industries, Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 90 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 2.7 Billion |
| Forecasted Market Value ( USD | $ 4.32 Billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Latin America, North America |
| No. of Companies Mentioned | 13 |
