North America Recycled Polyethylene Terephthalate Market Size, Share, Growth, Trends and Industry Analysis: By Product, By End User, and Country Forecast 2020-2031
North America Recycled Polyethylene Terephthalate (PET) Market size was valued at US$ x million in 2024 and is expected to reach US$ x million by 2031, growing at a significant CAGR of x% from 2025-2031. 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. This 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. This report gives comprehensive outlook on Recycled Polyethylene Terephthalate (PET) across the globe with special emphasis on key countries such as U.S and Canada.
This report gives historical, current, and future market sizes (US$ Mn) on the basis of Product, End User and region. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
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 rPET market 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 North America are gradually adopting to recycled PET in order to establish sustainable material sourcing strategies.
U.S accounted for larger revenue share in North America Recycled Polyethylene Terephthalate (PET) market with considerable CAGR. U.S. achieved huge recycling rate for polyethylene terepthalate bottle during forecast period. Various waste collection and recycling programs at both federal and community levels (influenced by public concerns and government policies) have been a driving force in the U.S. The global shipment of recycled PET surpassed 7,600 KT in 2017. This also characterizes the improving ratio of recycling PET. In U.S. alone, over 1 billion ponds of used PET containers and bottles are recovered each year.
Latin America
Europe
Asia Pacific
Middle East
North America
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2024 is the base year and 2031 is the forecast year of the North America recycled polyethylene terephthalate (PET) market.
The market coverage are the United States, Canada.
The market key players are the Zhejiang Anshun Pettechs Fiber Co. Ltd, Verdeco Recycling, Polyquest, M & G Chemicals, Indorama Ventures Public Ltd., Haiyan Haili Green Fiber Co., Ltd., Evergreen Plastics, Ecostar Plastics
| 1.Executive Summary |
| 2.North America Recycled Polyethylene Terephthalate Pet Market Introduction |
| 2.1.North America Recycled Polyethylene Terephthalate Pet Market - Taxonomy |
| 2.2.North America Recycled Polyethylene Terephthalate Pet Market - Definitions |
| 2.2.1.Product |
| 2.2.2.End User |
| 2.2.3.Geography |
| 2.2.4.Country |
| 3.North America Recycled Polyethylene Terephthalate Pet Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.North America Recycled Polyethylene Terephthalate Pet Market Analysis, 2020 - 2024 and Forecast 2025 - 2031 |
| 4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.North America Recycled Polyethylene Terephthalate Pet Market By Product, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 5.1. Colored |
| 5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Clear |
| 5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.North America Recycled Polyethylene Terephthalate Pet Market By End User, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 6.1. Non-Food Containers and Bottles |
| 6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Strapping |
| 6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Fiber |
| 6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Sheet and Film |
| 6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Food & Beverage Containers and Bottles |
| 6.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.North America Recycled Polyethylene Terephthalate Pet Market By Geography, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 7.1. US |
| 7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Canada |
| 7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8.North America Recycled Polyethylene Terephthalate Pet Market By Country, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 8.1. United States of America (USA) |
| 8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Canada |
| 8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 9.United States of America (USA) North America Recycled Polyethylene Terephthalate Pet Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 9.1. Product Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Colored |
| 9.1.2.Clear |
| 9.2. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Non-Food Containers and Bottles |
| 9.2.2.Strapping |
| 9.2.3.Fiber |
| 9.2.4.Sheet and Film |
| 9.2.5.Food & Beverage Containers and Bottles |
| 9.2.6.Others |
| 9.3. Geography Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.US |
| 9.3.2.Canada |
| 10.Canada North America Recycled Polyethylene Terephthalate Pet Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 10.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Colored |
| 10.1.2.Clear |
| 10.2. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Non-Food Containers and Bottles |
| 10.2.2.Strapping |
| 10.2.3.Fiber |
| 10.2.4.Sheet and Film |
| 10.2.5.Food & Beverage Containers and Bottles |
| 10.2.6.Others |
| 10.3. Geography Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.US |
| 10.3.2.Canada |
| 11. Competition Landscape |
| 11.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 11.2.1.Zhejiang Anshun Pettechs Fiber Co. Ltd |
| 11.2.2.Verdeco Recycling |
| 11.2.3.Polyquest |
| 11.2.4.M & G Chemicals |
| 11.2.5.Indorama Ventures Public Ltd. |
| 11.2.6.Haiyan Haili Green Fiber Co., Ltd. |
| 11.2.7.Evergreen Plastics |
| 11.2.8.Ecostar Plastics |
| 12. Research Methodology |
| 13. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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