Recycled Polyethylene Terephthalate (PET) Market Size to Reach $20.6 Billion Globally by 2030: Vantage Market Research

Recycled Polyethylene Terephthalate Market Size, Share, Industry Trends, Growth, and Opportunities Analysis by 2032.

GEORGIA AVENUE, WASHINGTON, DC, UNITED STATES, January 11, 2024 /EINPresswire.com/ -- The Global Recycled Polyethylene Terephthalate Market was valued at USD 10.5 Billion in 2022, and it is expected to reach USD 20.6 Billion by 2030, growing at a CAGR of 8.8% during the forecast period (2023-2030).

Recycled polyethylene terephthalate (PET or rPET) refers to post-consumer PET materials recovered from used packaging and fabrics that undergo recycling processes to be reused in new PET-based products. Major growth factors include increasing awareness around sustainability, stringent regulations to minimize plastic waste and advancements in collection & recycling technologies.

Recycled PET is deployed across textiles, bottles, food trays, 3D printing and other applications owing to its excellent thermal and mechanical properties. Various countries are focusing on establishing proper collection systems and recycling infrastructure to create circular PET economies considering plastic waste-related issues. This will positively impact market growth over the coming years.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗥𝗲𝗽𝗼𝗿𝘁 𝗛𝗲𝗿𝗲 @ https://www.vantagemarketresearch.com/recycled-polyethylene-terephthalate-market-2352/request-sample

𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀

The recycled PET market is expected to register strong growth due to rising ecological consciousness among end-users, advancement in mechanical and chemical recycling processes, as well as supportive government policies for sustainable packaging. Regulations banning single-use plastics and mandating defined recycled content in packaging have compelled manufacturers to incorporate recycled PET. Additionally, technology enhancements to produce food-grade rPET is likely to unlock new growth avenues over the forecast period. However, fluctuations in crude oil pricing severely affecting virgin PET production costs may challenge the market potential of relatively expensive recycled PET solutions.

𝗧𝗼𝗽 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗶𝗻 𝗚𝗹𝗼𝗯𝗮𝗹 𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐨𝐥𝐲𝐞𝐭𝐡𝐲𝐥𝐞𝐧𝐞 𝐓𝐞𝐫𝐞𝐩𝐡𝐭𝐡𝐚𝐥𝐚𝐭𝐞 (𝐏𝐄𝐓) 𝐌𝐚𝐫𝐤𝐞𝐭

• Placon Corp. (U.S.)
• Clear Path Recycling LLC (U.S.)
• Verdeco Recycling Inc. (U.S.)
• PolyQuest Inc. (U.S.)
• Evergreen Plastics Inc. (U.S.)
• Indorama Ventures Public Ltd. (Thailand)
• Zhejiang Anshun Pettechs Fibre Co. Ltd. (China)
• Phoenix Technologies (U.S.)
• Libolon (Taiwan)

𝐓𝐨 𝐆𝐞𝐭 𝐚 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐬𝐞𝐝 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐥𝐞𝐚𝐬𝐞 𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 @ https://www.vantagemarketresearch.com/recycled-polyethylene-terephthalate-market-2352/request-sample

𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐬

• Shift towards incorporating recycled content across textile industries
• Emerging second-life applications like 3D printing filaments leveraging rPET
• Strategic commitments among corporates to use 100% recycled PET packaging
• New technologies enabling increased recycled content in PET bottles
• Development of digital watermarking such as traceable molecular markers
• Rising R&D activities to improve the quality of recyclate

𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐨𝐥𝐲𝐞𝐭𝐡𝐲𝐥𝐞𝐧𝐞 𝐓𝐞𝐫𝐞𝐩𝐡𝐭𝐡𝐚𝐥𝐚𝐭𝐞 (𝐏𝐄𝐓) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

By Product
• Clear
• Colored
By End Use
• Fiber
• Sheet & Film
• Strapping
• Food & Beverage Containers & Bottles
• Non-food Containers & Bottles
• Other End Uses

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 𝐚 𝐒𝐩𝐞𝐜𝐢𝐚𝐥 𝐏𝐫𝐢𝐜𝐞 𝐀𝐠𝐚𝐢𝐧𝐬𝐭 𝐭𝐡𝐞 𝐋𝐢𝐬𝐭 𝐏𝐫𝐢𝐜𝐞 𝐰𝐢𝐭𝐡 [𝐄𝐱𝐩𝐫𝐞𝐬𝐬 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲] @ https://www.vantagemarketresearch.com/buy-now/recycled-polyethylene-terephthalate-market-2352/0

𝐓𝐨𝐩 𝐑𝐞𝐩𝐨𝐫𝐭 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬:

• Textile application segment emerged as the dominant end-use sector, accounting for over 35% of total rPET consumption in 2021, buoyed by rising commitments from global apparel brands to increase use of recycled polyester.
• Bottle and food container application segment is set to register the fastest growth at 8.4% CAGR during 2022-2030, credited to mounting regulatory emphasis on recycled content incorporation across beverage and consumer goods packaging.
• Mechanical recycling technology held over 65% share within the global rPET market in 2021, owing to higher yield, lower operating costs and improved color retention it offers compared to chemical recycling techniques.
• Asia Pacific led regional contribution, holding a share exceeding 45% in 2021, driven by rapid packaging consumption from growing middle class demography and progress around collection mechanisms especially across China, India and ASEAN countries.
• The market exhibits high degree of consolidation with top 5 participants including Veolia, Suez Group, Far Eastern Industries, Libolon and PolyQuest accounting for over 55% of cumulative industry share presently on account of their global operational footprint and high collection-recycling capacities.
• In a highly competitive environment, strategic alliances between PET resin manufacturers, and consumer FMCG as well as retail enterprises around enhancing supply visibility and improving quality of recycled PET feedstock have gained prominence recently defining future growth strategies.

𝐆𝐞𝐭 𝐚 𝐀𝐜𝐜𝐞𝐬𝐬 𝐓𝐨 𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐨𝐥𝐲𝐞𝐭𝐡𝐲𝐥𝐞𝐧𝐞 𝐓𝐞𝐫𝐞𝐩𝐡𝐭𝐡𝐚𝐥𝐚𝐭𝐞 (𝐏𝐄𝐓) 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐚𝐥-𝐓𝐢𝐦𝐞 𝐃𝐚𝐭𝐚 @ https://www.vantagemarketresearch.com/vantage-point

𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬

• Supply demand imbalances for food-grade quality recycled PET
• Inadequate PET waste collection infrastructure in developing nations
• Complexities around separation from other plastics for contamination management
• High capital costs related to setting up recycling plants with latest technologies
• Ambiguity around regulating protocols for recycled plastic content

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

• High unlabeled collection rates holding untapped recycling potential
• Scope for new take-back programs and community plastic reprocessing models
• Leveraging blockchain technology for transparent closed-loop value chain
• Foray of enzyme-based enhanced recycling processes to improve yield
• Innovations in multi-layer packaging structures for better recyclability

𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐀𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐨𝐥𝐲𝐞𝐭𝐡𝐲𝐥𝐞𝐧𝐞 𝐓𝐞𝐫𝐞𝐩𝐡𝐭𝐡𝐚𝐥𝐚𝐭𝐞 (𝐏𝐄𝐓) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:

✦ What is the current market size of the Recycled Polyethylene Terephthalate industry?
✦ How are regulatory policies impacting the market dynamics?
✦ What are the key technological advancements in rPET recycling processes?
✦ Which regions exhibit the highest demand for rPET products?
✦ How do consumer preferences influence the market trends?
✦ What are the major challenges faced by industry players in the rPET market?
✦ Which companies are leading the market, and what strategies do they employ?
✦ What is the forecasted growth rate of the Recycled Polyethylene Terephthalate market?

𝐑𝐞𝐚𝐝 𝐅𝐮𝐥𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 @ https://www.vantagemarketresearch.com/industry-report/recycled-polyethylene-terephthalate-market-2352

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

Asia Pacific currently leads the global recycled PET market with a 45%+ share in 2021, attributed to strong government intervention and rising consumer environmental awareness levels, especially in China. Robust packaging consumption trends compelling adoption of recycling technology improvements also favors regional industry outlook. Leading PET bottle and food tray manufacturers are increasingly committing to enhance the recycled PET content in offerings. India and Thailand also display high untapped potential.

Europe and North America are slated for steady growth aided by collection advancements and new reprocessing capacities coming online during recent years focused on creating circular PET economies aligned with sustainability targets.

𝐂𝐡𝐞𝐜𝐤 𝐎𝐮𝐭 𝐌𝐨𝐫𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬

✦ Petroleum Coke Market Forecast Report: https://www.vantagemarketresearch.com/industry-report/petroleum-coke-market-2080
✦ PET Preform Market Forecast Report: https://www.vantagemarketresearch.com/industry-report/pet-preform-market-1890
✦ Print on Demand Market Forecast Report: https://www.linkedin.com/pulse/print-demand-market-size-share-trends-analysis-report-ashley-hancock-bihtf/
✦ Graphene Market Forecast Report: https://www.linkedin.com/pulse/graphene-market-size-share-trends-analysis-report-2030-ashley-hancock-dfxsc
✦ Shipping Container Market Forecast Report: https://www.linkedin.com/pulse/shipping-container-market-size-share-trends-analysis-report-hancock/

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

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