Global Recycled PET Market by Type (rPET Chips, rPET Flakes, rPET Pelletes), Grade (Food Grade, Industrial Grade), Color, Collection Source, End-User, End-Products - Forecast 2023-2030

The Recycled PET Market size was estimated at USD 12.12 billion in 2022, USD 13.02 billion in 2023, and is expected to grow at a CAGR of 7.48% to reach USD 21.61 billion by 2030.

Recycled polyethylene terephthalate (rPET) in a PET that has been collected, sorted, cleaned, and reprocessed into new products. It is a widely used type of plastic recognized for its strong, lightweight, and recyclable properties. The escalating global concern for environmental sustainability amid growing volumes of plastic waste has resulted in substantial advancements in the sector of recycled plastics, including PET. The growing focus on the circular economy and government initiatives to encourage the collection and recycling of PET products are leading to the accelerated use of recycled PET in various end-use applications. However, contamination quality issues and complexities in recycling PET waste may adversely impact the end-use sectors' use of recycled PET products globally. Moreover, technological advancements in the recycling process and expanding applications of recycled PET in the textile and automotive sectors are expected to encourage the growth of the recycled PET market worldwide.

Regional Insights

The recycled PET market is evolving in the Americas owing to the increased consumption and recycling rates, stringent government regulations on waste management, and a robust recycling infrastructure of PET. The focus of Europe on sustainability practices exhibits a mature market for recycled PET. The Middle East and Africa region presents a nascent stage for the recycled PET market with government initiatives to reduce plastic waste and promote recycling. The recycled PET market is growing in the Asia-Pacific region, driven by emerging improving waste management infrastructures and the adoption of innovative recycling technologies. Additionally, the integration of breakthrough technologies, including artificial intelligence in the recycling process, can enhance the quality of recycled PET products.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Recycled PET Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Recycled PET Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Recycled PET Market, highlighting leading vendors and their innovative profiles. These include AeroFibre Pvt. Ltd., Agr International, Inc., Alliance Fibres Ltd., Aloxe Holding B.V., Alpek S.A.B. de C.V., Alpla Werke Alwin Lehner GmbH & Co KG, Amcor PLC, Berry Global, Inc., Dalmia Polypro Industries Pvt. Ltd., Dupont Teijin Films Limited, Eco Baltia group, Evergreen, Far Eastern New Century Corporation, Ganesha Ecosphere Ltd., Gravita India Limited, Green Group, Green Recycled&Modified Polymer Co Ltd., Indorama Ventures Public Company Limited, Intco, JB EcoTex Limited, JB rPET Industries Pvt. Ltd., KBR Inc., Langgeng Jaya Group, Libolon, Marglen Industries, Mitsubishi Chemical Corporation, Mura Technology Limited, NAPCOR, Neo Group, UAB, Nizza Plastics Company Ltd., Pashupati Group, Phoenix Technologies International, LLC, Placon Corporation, Plastipak Holdings, Inc., PolyQuest, Inc., PT. Hadtex, RM Corp., SLMG Beverages Pvt.Ltd., Srichakra PolyPlast, Suntory Holdings Limited, Vegware Limited, Veolia Environnement SA, Verdeco Recycling, and Zhejiang BoReTech Environmental Engineering Co., LTD.

Market Segmentation & Coverage

This research report categorizes the Recycled PET Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Type
  • rPET Chips
  • rPET Flakes
  • rPET Pelletes
• Grade
  • Food Grade
  • Industrial Grade
• Color
  • Clear
  • Colored
• Collection Source
  • Post-commercial
  • Post-consumer
  • Post-industrial
• End-User
  • Automotive
  • Food & Beverage
  • Packaging
  • Textile
• End-Products
  • Containers & Vessels
  • Films & Sheets
  • Long Fiber
  • Plastic Bottles

• Region
  • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
      • California
      • Florida
      • Illinois
      • New York
      • Ohio
      • Pennsylvania
      • Texas
  • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
  • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom

The report offers valuable insights on the following aspects

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

1. What is the market size and forecast of the Recycled PET Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Recycled PET Market?
3. What are the technology trends and regulatory frameworks in the Recycled PET Market?
4. What is the market share of the leading vendors in the Recycled PET Market?
5. Which modes and strategic moves are suitable for entering the Recycled PET Market?

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