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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Recycled Polyethylene Terephthalate (PET) Market size valued at USD 9.13 billion in 2022 and is poised to grow at a CAGR of 6.7% from 2023-2029. 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.

Global Recycled Polyethylene Terephthalate Pet Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.7%

Largest Market

Asia Pacific

Fastest Growing Market

Asia Pacific
Recycled Polyethylene Terephthalate Pet Market Dynamics

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.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitors 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 startups 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 Porters Five Force Analysis in addition to recent technology advancements and innovations in the market

Global Recycled Polyethylene Terephthalate Pet Market Segmentation

By Product Type
  • Colored
  • Clear
By End User
  • Non-Food Containers and Bottles
  • Strapping
  • Fiber
  • Sheet and Film
  • Food & Beverage Containers and Bottles
  • Others
By Geography
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

Frequently Asked Questions

The recycled polyethylene terephthalate (pet) market size was valued at USD 9.13 billion in 2022

Improving demand for RPET from the food and beverage industry

Asia Pacific is the fastest-growing for recycled polyethylene terephthalate (pet) market

  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, 2018 - 2022 and Forecast, 2023 - 2029
    • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
    • Colored
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Clear
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029
    • Non-Food Containers and Bottles
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Strapping
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Fiber
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
    • North America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2023 - 2029
  2. North America Recycled Polyethylene Terephthalate (PET) Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
    • Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Colored
      • Clear
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
    • North America Recycled Polyethylene Terephthalate (PET) Market Dynamics - Trends
  3. Europe Recycled Polyethylene Terephthalate (PET) Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
    • Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
    • Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Colored
      • Clear
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
    • Europe Recycled Polyethylene Terephthalate (PET) Market Dynamics - Trends
  4. Asia-Pacific Recycled Polyethylene Terephthalate (PET) Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
    • Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
    • Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Colored
      • Clear
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
    • Asia-Pacific Recycled Polyethylene Terephthalate (PET) Market Dynamics - Trends
  5. Latin America Recycled Polyethylene Terephthalate (PET) Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
    • Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
    • Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Colored
      • Clear
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
    • Latin America Recycled Polyethylene Terephthalate (PET) Market Dynamics - Trends
  6. Middle East and Africa Recycled Polyethylene Terephthalate (PET) Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000’ MT)
    • Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
    • Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Colored
      • Clear
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
    • 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
  • 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)

Adjacent Markets