The latest research report by Emergen Research, named ‘Global Recycled PET Market - Forecast to 2030’, entails a comprehensive review of the global Recycled PET Market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period.
The global recycled Polyethylene Terephthalate (RPET) market size was USD 2.1 Billion in 2021 and is expected to register a revenue CAGR of 15.8% during the forecast period. Increasing demand for recycled PET from various end-use industries coupled with shift toward sustainability are some key factors driving market revenue growth.
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Increasing consumer support of sustainability and focus on circular economy are driving high demand for sustainable packaging. Major companies are undertaking initiatives for promoting the circular economy. For example, Evian is expected to utilize recycled plastics for 100% of the plastics being used by 2025, while PepsiCo is expected to recycle around 75% of packaging waste by 2030. Such initiatives for sustainable packaging materials are projected to provide ample opportunities for growth in the RPET market.
On 2 September 2021, Coca-Cola Trademark brands (Coke, Diet Coke, Coke Zero Sugar, Coca-Cola Flavors) announced launch of a 13.2-oz. bottle made from 100% recycled PET (rPET) plastic in Florida, California, and select states in the Northeast of North America. Such initiative are expected to collectively reduce around 10,000 metric tons of greenhouse gas emissions annually in the U.S.
Competitive Outlook:
The global Recycled PET market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Recycled PET market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.
Companies profiled in the global Recycled PET market:
Placon, Clear Path Recycling, Indorama Ventures Public Company Limited, MG Chemicals, Verdeco Recycling, Loop Industries, Inc., PolyQuest, Inc., Phoenix Technologies Inc., Evergreen, and Biffa.
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The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Emergen Research has segmented the global recycled PET market on the basis of type, product, source, application, and region:
Type Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)
- Flakes
- Chips
Product Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)
- Clear
- Colored
Source Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)
- Bottles containers
- Films sheets
- Others
Application Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)
- Bottles containers
- Fiber
- Strapping
- Sheet film
- Others
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Major Geographies Analyzed in the Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Highlights of Table of Contents (TOC):
Overview of Global Recycled PET Market
Competitive analysis of the Recycled PET market
Regional analysis of Global Recycled PET market production and revenue
Regional analysis of Global Recycled PET market supply, consumption, and export import
Type-based market analysis of global Recycled PET production, revenue, and price trends
Application-based analysis of the global Recycled PET market
Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Recycled PET market
Global Recycled PET market forecast (2022-2030)
Conclusion of the research report
Appendix
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