Recycled Polyethylene Terephthalate (PET) Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Global Recycled Polyethylene Terephthalate (PET) Market: By Product (Colored and Clear), By End User (Non-Food Containers and Bottles, Strapping, Fiber, Sheet and Film, Food & Beverage Containers and Bottles and others), and Geography

 

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Description

Recycled Polyethylene Terephthalate (PET) Market size valued at US$ 9.13 billion in 2021 and expected to reach USD 14.38 billion by 2028, at a CAGR of 6.7% during the forecast period 2022-2028. The key factors that are responsible for the market growth include huge R&D investments, increasing awareness among general populace about plastic wastage and changing end-user perception towards sustainable sourcing of bottling materials. Consumer behaviour is shifting toward sustainability, which is driving market growth. Furthermore, the introduction of landfill bans in numerous developed nations in North America and Europe is expected to boost product demand over the forecast period. The extensive application scope of Recycled Polyethylene Terephthalate (rPET) in various main application industries, such as FMCG, consumer goods, clothing & textile, and automotive, is the fundamental factor driving demand in North America. Various government measures promoting plastic recycling, along with significant investment, have resulted in a healthy rPET market in the region. Global Recycled Polyethylene Terephthalate (PET) market is surging owing to frequent acquisitions and launchings by the market players. For Instance, the companies are actively involved in the collection, processing of used plastics, and production of new rPET products and even distribution of the same. Market players are focusing towards provision of greater quality products to retain customer loyalty, since low switching costs and product differentiation have reduced supplier power in recent years.

Recycled Polyethylene Terephthalate (PET) Market

MARKET SUMMARY
-
6.7% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6.7%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– Asia Pacific

Recycled Polyethylene Terephthalate (PET) Market

  • Global Recycled Polyethylene Terephthalate (PET) market report gives comprehensive outlook on Recycled Polyethylene Terephthalate (PET) across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on Global Recycled Polyethylene Terephthalate (PET) market gives historical, current, and future market sizes (US$ Bn) on the basis of Product, End User and region.
  • This report studies global Recycled Polyethylene Terephthalate (PET) market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • Key stakeholders of the global Recycled Polyethylene Terephthalate (PET) market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global Recycled Polyethylene Terephthalate (PET) products.
Market Key Players
  • Zhejiang Anshun Pettechs Fiber Co. Ltd (China)
  • Verdeco Recycling (U.S)
  • Polyquest (U.S)
  • M & G Chemicals (Luxembourg)
  • Indorama Ventures Public Ltd. (Thailand)
  • Haiyan Haili Green Fiber Co., Ltd. (China)
  • Evergreen Plastics (Ohio)
  • Ecostar Plastics (Placon) (U.S)
Growth

Recycled Polyethylene Terephthalate (PET) Market

In recent times, consumers have become more conscious towards environmental sustainability, which has benefitted the growth of the market. In addition, ban on landfills introduced in several developed countries in North America and Europe is anticipated to drive the rPETmarket over the forecast period. In addition, increasing awareness among general populace about plastic wastage has prompted governments to take initiatives that are aimed at promoting plastic recycling, which in turn boosted polyethylene terephthalate recycling landscape. Furthermore, bottling companies across the global are gradually adopting to recycled PET in order to establish sustainable material sourcing strategies.


Asia-Pacific Got Significant Share

Recycled Polyethylene Terephthalate (PET) Market

Asia Pacific accounted for larger revenue share in global Recycled Polyethylene Terephthalate (RPET) market with considerable CAGR. Asia Pacific was the leading revenue contributor. Asia Pacific is characterized by availability of a significant amount of skilled labor at low cost and easy availability of land. Shift in production landscape towards emerging economies, particularly China and India, is projected to positively influence the growth of the market over the forecast period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Findings of the Report

  • Global Recycled Polyethylene Terephthalate (PET) market expanding at significant CAGR over 2022 to 2028 due to rising awareness among general populace about plastic wastage.
  • Based on End User, Fiber segment accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global Recycled Polyethylene Terephthalate (PET) market

Key

Key Features of the Report

Recycled Polyethylene Terephthalate (PET) Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

  1. Executive Summary
  2. Global Recycled Polyethylene Terephthalate (PET) Market Introduction
    • Global Recycled Polyethylene Terephthalate (PET) Market – Taxonomy
    • Global Recycled Polyethylene Terephthalate (PET) Market –Definitions
      • Product
      • End User
  1. Global Recycled Polyethylene Terephthalate (PET) Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Recycled Polyethylene Terephthalate (PET) Market Dynamic Factors – Impact Analysis
    • Global Recycled Polyethylene Terephthalate (PET) Market – Competition Landscape
  2. Global Recycled Polyethylene Terephthalate (PET) Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Recycled Polyethylene Terephthalate (PET) Market, By Product, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Colored
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Clear
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Recycled Polyethylene Terephthalate (PET) Market Forecast, By End User, 2014 – 2018 and Forecast, 2019 – 2025
    • Non-Food Containers and Bottles
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Strapping
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Fiber
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Sheet and Film
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Food & Beverage Containers and Bottles
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Recycled Polyethylene Terephthalate (PET) Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Recycled Polyethylene Terephthalate (PET) Market – Opportunity Analysis Index, By Product, End User and Region, 2019 – 2025
  2. North America Recycled Polyethylene Terephthalate (PET) Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Colored
      • Clear
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Non-Food Containers and Bottles
      • Strapping
      • Fiber
      • Sheet and Film
      • Food & Beverage Containers and Bottles
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US.
      • Canada
    • North America Recycled Polyethylene Terephthalate (PET) Market – Opportunity Analysis Index, By Product, End User, and Country, 2019 – 2025
    • North America Recycled Polyethylene Terephthalate (PET) Market Dynamics – Trends
  3. Europe Recycled Polyethylene Terephthalate (PET) Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Colored
      • Clear
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Non-Food Containers and Bottles
      • Strapping
      • Fiber
      • Sheet and Film
      • Food & Beverage Containers and Bottles
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Recycled Polyethylene Terephthalate (PET) Market – Opportunity Analysis Index, By Product, End User and Country, 2019 – 2025
    • Europe Recycled Polyethylene Terephthalate (PET) Market Dynamics – Trends
  4. Asia-Pacific Recycled Polyethylene Terephthalate (PET) Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Colored
      • Clear
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Non-Food Containers and Bottles
      • Strapping
      • Fiber
      • Sheet and Film
      • Food & Beverage Containers and Bottles
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Recycled Polyethylene Terephthalate (PET) Market – Opportunity Analysis Index, By Product, End User and Country, 2019 – 2025
    • Asia-Pacific Recycled Polyethylene Terephthalate (PET) Market Dynamics – Trends
  5. Latin America Recycled Polyethylene Terephthalate (PET) Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Colored
      • Clear
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Non-Food Containers and Bottles
      • Strapping
      • Fiber
      • Sheet and Film
      • Food & Beverage Containers and Bottles
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Recycled Polyethylene Terephthalate (PET) Market – Opportunity Analysis Index, By Product, End User and Country, 2019 – 2025
    • Latin America Recycled Polyethylene Terephthalate (PET) Market Dynamics – Trends
  6. Middle East and Africa Recycled Polyethylene Terephthalate (PET) Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Colored
      • Clear
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Non-Food Containers and Bottles
      • Strapping
      • Fiber
      • Sheet and Film
      • Food & Beverage Containers and Bottles
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Recycled Polyethylene Terephthalate (PET) Market – Opportunity Analysis Index, By Product, End User, Application, Resin Type, and Country, 2019 – 2025
    • MEA Recycled Polyethylene Terephthalate (PET) Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Zhejiang Anshun Pettechs Fiber Co. Ltd (China)
      • Verdeco Recycling (U.S)
      • Polyquest (U.S)
      • M & G Chemicals (Luxembourg)
      • Indorama Ventures Public Ltd. (Thailand)
      • Haiyan Haili Green Fiber Co., Ltd. (China)
      • Evergreen Plastics (Ohio)
      • Ecostar Plastics (Placon) (U.S)
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • Zhejiang Anshun Pettechs Fiber Co. Ltd (China)
  • Verdeco Recycling (U.S)
  • Polyquest (U.S)
  • M & G Chemicals (Luxembourg)
  • Indorama Ventures Public Ltd. (Thailand)
  • Haiyan Haili Green Fiber Co., Ltd. (China)
  • Evergreen Plastics (Ohio)
  • Ecostar Plastics (Placon) (U.S)

Description

Recycled Polyethylene Terephthalate (PET) Market size valued at US$ 9.13 billion in 2021 and expected to reach USD 14.38 billion by 2028, at a CAGR of 6.7% during the forecast period 2022-2028. The key factors that are responsible for the market growth include huge R&D investments, increasing awareness among general populace about plastic wastage and changing end-user perception towards sustainable sourcing of bottling materials. Consumer behaviour is shifting toward sustainability, which is driving market growth. Furthermore, the introduction of landfill bans in numerous developed nations in North America and Europe is expected to boost product demand over the forecast period. The extensive application scope of Recycled Polyethylene Terephthalate (rPET) in various main application industries, such as FMCG, consumer goods, clothing & textile, and automotive, is the fundamental factor driving demand in North America. Various government measures promoting plastic recycling, along with significant investment, have resulted in a healthy rPET market in the region. Global Recycled Polyethylene Terephthalate (PET) market is surging owing to frequent acquisitions and launchings by the market players. For Instance, the companies are actively involved in the collection, processing of used plastics, and production of new rPET products and even distribution of the same. Market players are focusing towards provision of greater quality products to retain customer loyalty, since low switching costs and product differentiation have reduced supplier power in recent years.

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