Product Code: GVR-1-68038-938-8
Recycled Polyethylene Terephthalate Market Growth & Trends
The global recycled polyethylene terephthalate market size is expected to reach USD 14.40 billion by 2028, according to a new study by Grand View Research, Inc., growing at a CAGR of 6.7% over the forecast period. The growing beverage industry in countries, such as China, India, Japan, South Korea, Vietnam, and the Philippines, as well as increasing demand for Recycled Polyethylene Terephthalate (rPET) in non-food sectors, is expected to drive the global market over the forecast period.
Recycled PET is a synthetic compound prepared from used PET products, which finds application in a wide range of end-use industries. The resins are produced from post-consumer PET bottle flakes and are one of the most stable forms of recycled PET. Clear was the largest type of rPET in 2020 and the product is expected to continue dominating the global market owing to the high demand in the production of bottles and sheets. Clear recycled PET is widely used in multiple applications, such as in the production of resins and fibers.
Rising concerns about the sustainability of natural resources in the developing economies of North America and Europe are expected to have a positive influence on the product demand over the forecast period. The shift in preference toward establishing manufacturing units in the Asia Pacific region, especially in China, India, Vietnam, Indonesia, and Thailand, is also expected to propel the product demand. The non-food containers and bottles end-use segment is expected to grow at a steady rate over the forecast period.
Recycled Polyethylene Terephthalate Market Report Highlights
The global market was valued at USD 8.6 billion in 2020 and is estimated to grow at a CAGR of 6.7% from 2021 to 2028
The clear product segment accounted for the largest revenue share in 2020 and is anticipated to retain its dominance throughout the forecast period
Low energy requirements and ease of bottle-to-bottle recycling are expected to drive the demand for clear recycled PET over the forecast period
The food & beverage containers & bottles end-use segment is projected to register the fastest CAGR over the forecast period
In terms of revenue, Asia Pacific dominated the global market and is projected to expand further at a steady CAGR over the forecast period
The growth can be credited to the presence of a strong manufacturing industry wherein rPET is widely used across several applications
North America is projected to grow at a significant CAGR over the forecast period owing to the presence of several key end-use industries, such as FMCG, consumer goods, clothing & textile, and automobile, and the anticipated surge in recycled plastic adoption in these industries
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research methodology
- 1.2 Research scope and assumptions
- 1.3 List of data sources
Chapter 2 Executive Summary
- 2.1 Recycled polyethylene terephthalate (rPET) market summary
Chapter 3 Recycled Polyethylene Terephthalate (rPET) Market Variables, Trends, and Scope
- 3.1 Market segmentation and scope
- 3.2 Penetration and growth prospect mapping
- 3.3 Value chain analysis
- 3.4 Regulatory framework
- 3.5 Technology overview
- 3.6 Recycled polyethylene terephthalate (PET) market dynamics
- 3.6.1 Market Driver Analysis
- 3.6.1.1 Changing consumer behavior towards sustainability
- 3.6.1.2 Ban on landfills
- 3.6.2 Market Restraint Analysis
- 3.6.2.1 Emission of carcinogenic compounds
- 3.7 Key opportunities prioritized
- 3.8 Recycled polyethylene terephthalate (PET) market - Porter's analysis
- 3.9 Recycled polyethylene terephthalate (PET) market - PESTEL analysis
Chapter 4 Recycled Polyethylene Terephthalate (rPET) Market: Product Estimates & Analysis
- 4.1 Recycled polyethylene terephthalate (rPET) market: Product movement analysis
- 4.2 Clear
- 4.2.1 Clear Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, 2016 - 2028 (Kilotons) (USD Million)
- 4.2.1.1 Clear Recycled polyethylene terephthalate (rPET) market estimates and forecasts, by region, 2016 - 2028 (kilotons) (USD Million)
- 4.3 Colored
- 4.3.1 Colored Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, 2016 - 2028 (Kilotons) (USD Million)
- 4.3.1.1 Colored Recycled polyethylene terephthalate (rPET) market estimates and forecasts, by region, 2016 - 2028 (kilotons) (USD Million)
Chapter 5 Recycled Polyethylene Terephthalate (rPET) Market: End-use Estimates & Analysis
- 5.1 Recycled polyethylene terephthalate (rPET) market: End-use movement analysis
- 5.2 Fiber
- 5.2.1 Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, In Fiber, 2016 - 2028 (Kilotons) (USD Million)
- 5.2.1.1 Recycled polyethylene terephthalate (rPET) market estimates and forecasts, in fiber, by region, 2016 - 2028 (kilotons) (USD Million)
- 5.3 Sheet &Film
- 5.3.1 Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, In Sheet & Film, 2016 - 2028 (Kilotons) (USD Million)
- 5.3.1.1 Recycled polyethylene terephthalate (rPET) market estimates and forecasts, in sheet & film, by region, 2016 - 2028 (kilotons) (USD Million)
- 5.4 Strapping
- 5.4.1 Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, In Strapping, 2016 - 2028 (Kilotons) (USD Million)
- 5.4.1.1 Recycled polyethylene terephthalate (rPET) market estimates and forecasts, in strapping, by region, 2016 - 2028 (kilotons) (USD Million)
- 5.5 Food &Beverage Bottles & Containers
- 5.5.1 Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, In Food & Beverage Bottles & Containers, 2016 - 2028 (Kilotons) (USD Million)
- 5.5.1.1 Recycled polyethylene terephthalate (rPET) market estimates and forecasts, in food & beverage bottles and containers, by region, 2016 - 2028 (kilotons) (USD Million)
- 5.6 Non-food Bottles & Containers
- 5.6.1 Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, In Non-Food Bottles & Containers, 2016 - 2028 (Kilotons) (USD Million)
- 5.6.1.1 Recycled polyethylene terephthalate (rPET) market estimates and forecasts, in non-food bottles and containers, by region, 2016 - 2028 (kilotons) (USD Million)
- 5.7 Others
- 5.7.1 Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, In Others, 2016 - 2028 (Kilotons) (USD Million)
- 5.7.1.1 Recycled polyethylene terephthalate (rPET) market estimates and forecasts, in others, by region, 2016 - 2028 (kilotons) (USD Million)
Chapter 6 Recycled Polyethylene Terephthalate (rPET) Market: Region Estimates & Analysis
- 6.1 Recycled polyethylene terephthalate (rPET) market: Region movement analysis
- 6.2 North America
- 6.2.1 North America Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.2.2 North America Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, By Product, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.2.3 North America Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, By End-Use, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.2.4 The U.S.
- 6.2.4.1 The U.S. recycled polyethylene terephthalate (rPET) market estimates and forecasts, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.2.4.2 The U.S. recycled polyethylene terephthalate (rPET) market estimates and forecasts, by product, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.2.4.3 The U.S. recycled polyethylene terephthalate (rPET) market estimates and forecasts, by end-use, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.2.5 Canada
- 6.2.5.1 Canada recycled polyethylene terephthalate (rPET) market estimates and forecasts, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.2.5.2 Canada recycled polyethylene terephthalate (rPET) market estimates and forecasts, by product, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.2.5.3 Canada recycled polyethylene terephthalate (rPET) market estimates and forecasts, by end-use, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.3 Europe
- 6.3.1 Europe Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, 2016 - 2028 (Kilotons) (USD Million)
- 6.3.2 Europe Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, By Product, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.3.3 Europe Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, By End-Use, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.3.4 Germany
- 6.3.4.1 Germany recycled polyethylene terephthalate (rPET) market estimates and forecasts, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.3.4.2 Germany recycled polyethylene terephthalate (rPET) market estimates and forecasts, by product, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.3.4.3 Germany recycled polyethylene terephthalate (rPET) market estimates and forecasts, by end-use, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.3.5 Sweden
- 6.3.5.1 Sweden recycled polyethylene terephthalate (rPET) market estimates and forecasts, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.3.5.2 Sweden recycled polyethylene terephthalate (rPET) market estimates and forecasts, by product, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.3.5.3 Sweden recycled polyethylene terephthalate (rPET) market estimates and forecasts, by end-use, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.3.6 The U.K.
- 6.3.6.1 The U.K. recycled polyethylene terephthalate (rPET) market estimates and forecasts, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.3.6.2 The U.K recycled polyethylene terephthalate (rPET) market estimates and forecasts, by product, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.3.6.3 The U.K. recycled polyethylene terephthalate (rPET) market estimates and forecasts, by end-use, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.3.7 Rest Of Europe
- 6.3.7.1 Rest Of Europe recycled polyethylene terephthalate (rPET) market estimates and forecasts, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.3.7.2 Rest Of Europe recycled polyethylene terephthalate (rPET) market estimates and forecasts, by product, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.3.7.3 Rest Of Europe recycled polyethylene terephthalate (rPET) market estimates and forecasts, by end-use, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.4 Asia Pacific
- 6.4.1 Asia Pacific Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.4.2 Asia Pacific Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, By Product, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.4.3 Asia Pacific Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, By End-Use, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.4.4 China
- 6.4.4.1 China recycled polyethylene terephthalate (rPET) market estimates and forecasts, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.4.4.2 China recycled polyethylene terephthalate (rPET) market estimates and forecasts, by product, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.4.4.3 China recycled polyethylene terephthalate (rPET) market estimates and forecasts, by end-use, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.4.5 Japan
- 6.4.5.1 Japan Recycled polyethylene terephthalate (rPET) market estimates and forecasts, 2016 - 2028 (KiloTons) (USD Million)
- 6.4.5.2 Japan Recycled polyethylene terephthalate (rPET) market estimates and forecasts, by product, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.4.5.3 Japan recycled polyethylene terephthalate (rPET) market estimates and forecasts, by end-use, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.4.6 India
- 6.4.6.1 India Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.4.6.2 India Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, By Product, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.4.6.3 India Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, By End-Use, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.4.7 Rest Of Apac
- 6.4.7.1 Rest Of Apac Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.4.7.2 REST OF APAC recycled polyethylene terephthalate (rPET) market estimates and forecasts, by product, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.4.7.3 REST OF APAC recycled polyethylene terephthalate (rPET) market estimates and forecasts, by end-use, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.5 Latin America
- 6.5.1 Latin America Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, 2016 - 2028 (Kilotons) (USD Million)
- 6.5.2 Latin America Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, By Product, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.5.3 Latin America Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, By End Use, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.5.4 Mexico
- 6.5.4.1 Mexico Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.5.4.2 Mexico Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, By Product, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.5.4.3 Mexico Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, By End Use, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.5.5 Rest Of Latin America (Rola)
- 6.5.5.1 Rest Of Latin America Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.5.5.2 Rest Of Latin America Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, By Product, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.5.5.3 Rest Of Latin America Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, By End Use, 2016 - 2028 (Kilo Tons) (USD Million)
- 6.6 Middle East & Africa
- 6.6.1 Middle East & Africa Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, 2016 - 2028 (Kilotons) (USD Million)
- 6.6.2 Middle East & Africa Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, By Product, 2016 - 2028 (Kilotons) (USD Million)
- 6.6.3 Middle East & Africa Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, By End Use, 2016 - 2028 (Kilotons) (USD Million)
- 6.6.4 Gcc Countries
- 6.6.4.1 Gcc Countries Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, 2016 - 2028 (Kilotons) (USD Million)
- 6.6.4.2 Gcc Countries Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, By Product, 2016 - 2028 (Kilotons) (USD Million)
- 6.6.4.3 Gcc Countries Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, By End-Use, 2016 - 2028 (Kilotons) (USD Million)
- 6.6.5 South Africa
- 6.6.5.1 South Africa Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, 2016 - 2028 (Kilotons) (USD Million)
- 6.6.5.2 South Africa Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, By Product, 2016 - 2028 (Kilotons) (USD Million)
- 6.6.5.3 South Africa Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, By End-Use, 2016 - 2028 (Kilotons) (USD Million)
- 6.6.6 Rest Of Mea
- 6.6.6.1 Rest Of Mea Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, 2016 - 2028 (Kilotons) (USD Million)
- 6.6.6.2 Rest Of Mea Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, By Product, 2016 - 2028 (Kilotons) (USD Million)
- 6.6.6.3 Rest Of Mea Recycled Polyethylene Terephthalate (Rpet) Market Estimates And Forecasts, By End-Use, 2016 - 2028 (Kilotons) (USD Million)
Chapter 7 Competitive Landscape
- 7.1 Company Heat Map Analysis
- 7.2 Vendor Landscape
- 7.3 Strategic Framework
Chapter 8 Company Profiles
- 8.1 PLACON
- 8.1.1 Company Overview
- 8.1.2 Financial Performance
- 8.1.3 Product Benchmarking
- 8.1.4 Strategic Initiatives
- 8.2 CLEAR PATH RECYCLING LLC
- 8.2.1 Company Overview
- 8.2.2 Financial Performance
- 8.2.3 Product Benchmarking
- 8.2.4 Strategic Initiatives
- 8.3 VERDECO RECYCLING, INC
- 8.3.1 Company Overview
- 8.3.2 Financial Performance
- 8.3.3 Product Benchmarking
- 8.4 INDORAMA VENTURES PUBLIC LTD.
- 8.4.1 Company Overview
- 8.4.2 Financial Performance
- 8.4.3 Product Benchmarking
- 8.4.4 Strategic Initiatives
- 8.5 M&G Chemicals
- 8.5.1 Company Overview
- 8.5.2 Financial Performance
- 8.5.3 Product Benchmarking
- 8.6 Zhejiang Anshun Pettechs Fibre Co., Ltd.
- 8.6.1 Company Overview
- 8.6.2 Financial Performance
- 8.6.3 Product Benchmarking
- 8.7 POLYQUEST
- 8.7.1 Company Overview
- 8.7.2 Financial Performance
- 8.7.3 Product Benchmarking
- 8.8 EVERGREEN PLASTICS, Inc.
- 8.8.1 Company Overview
- 8.8.2 Financial Performance
- 8.8.3 Product Benchmarking
- 8.9 Phoenix Technologies
- 8.9.1 Company Overview
- 8.9.2 Financial Performance
- 8.9.3 Product Benchmarking
- 8.9.4 Strategic Initiatives
- 8.10 LIBOLON
- 8.10.1 Company Overview
- 8.10.2 Financial Performance
- 8.10.3 Product Benchmarking