Global Recycled Polyethylene Terephthalate (PET) Market Report Description:
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$ Mn) 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. In addition, global Recycled Polyethylene Terephthalate (PET) market report includes demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global Recycled Polyethylene Terephthalate (PET) market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). 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.
Global Recycled Polyethylene Terephthalate (PET) Market:
The global Recycled Polyethylene Terephthalate (PET) market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025. 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.
Increasing Awareness among Consumers Regarding Environmental Sustainability
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 Accounts for Larger Market Revenue Share in Global 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.
Key player’s profiles in the global Recycled Polyethylene Terephthalate (PET) market include:
- 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)
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.
Key Findings of the Report:
- Global Recycled Polyethylene Terephthalate (PET) market expanding at significant CAGR over 2019 to 2025 due to rising awareness among general populace about plastic wastage.
- Based on End User, Fiber segment accounted for larger market revenue share in 2018 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
By End User
- Non-Food Containers and Bottles
- Sheet and Film
- Food & Beverage Containers and Bottles
- Rest of Europe
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- South Africa
- Rest of MEA
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market