Recycled Polyethylene Terephthalate Market Report: Trends, Forecast and Competitive Analysis to 2030

Recycled Polyethylene Terephthalate Trends and Forecast

The future of the global recycled polyethylene terephthalate market looks promising with opportunities in the bottle & container, fiber, strapping, and sheet & film markets. The global recycled polyethylene terephthalate market is expected to reach an estimated $18.2 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are growing interest in recycled PET within the food and beverage sector and increasing consumer awareness towards plastic waste.

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Recycled Polyethylene Terephthalate by Segment

The study includes a forecast for the global recycled polyethylene terephthalate by type, product type, source, application, and region.

Recycled Polyethylene Terephthalate Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Flakes
• Chips

Recycled Polyethylene Terephthalate Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Clear
• Colored

Recycled Polyethylene Terephthalate Market by Source [Shipment Analysis by Value from 2018 to 2030]:

• Bottles & Containers
• Films & Sheets
• Others

Recycled Polyethylene Terephthalate Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Bottles & Containers
• Fiber
• Strapping
• Sheet & Film
• Others

Recycled Polyethylene Terephthalate Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Recycled Polyethylene Terephthalate Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies recycled polyethylene terephthalate companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the recycled polyethylene terephthalate companies profiled in this report include-

• Placon
• Clear Path Recycling
• Indorama Ventures
• MG Chemicals
• Verdeco Recycling
• Loop Industries
• PolyQuest
• Phoenix Technologies
• Evergreen
• Biffa

Recycled Polyethylene Terephthalate Market Insights

Lucintel forecasts that flake will remain the larger segment over the forecast period due to its increasing need in the manufacturing of film reels, conveyor belts, car seats and covers, food-grade packaging, and fiber.

Within this market, fiber will remain the largest segment due to its extensive use in a variety of garments, including jackets and t-shirts.

APAC will remain the largest region over the forecast period.

Features of the Global Recycled Polyethylene Terephthalate Market

Market Size Estimates: Recycled polyethylene terephthalate market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Recycled polyethylene terephthalate market size by various segments, such as by type, product type, source, application, and region in terms of value ($B).

Regional Analysis: Recycled polyethylene terephthalate market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, product types, sources, applications, and regions for the recycled polyethylene terephthalate market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the recycled polyethylene terephthalate market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the recycled polyethylene terephthalate market size?

Answer: The global recycled polyethylene terephthalate market is expected to reach an estimated $18.2 billion by 2030.

Q2. What is the growth forecast for recycled polyethylene terephthalate market?

Answer: The global recycled polyethylene terephthalate market is expected to grow with a CAGR of 6.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the recycled polyethylene terephthalate market?

Answer: The major drivers for this market are growing interest in recycled PET within the food and beverage sector and increasing consumer awareness towards plastic waste.

Q4. What are the major segments for recycled polyethylene terephthalate market?

Answer: The future of the recycled polyethylene terephthalate market looks promising with opportunities in the bottle & container, fiber, strapping, and sheet & film markets.

Q5. Who are the key recycled polyethylene terephthalate market companies?

Answer: Some of the key recycled polyethylene terephthalate companies are as follows.

• Placon
• Clear Path Recycling
• Indorama Ventures
• MG Chemicals
• Verdeco Recycling
• Loop Industries
• PolyQuest
• Phoenix Technologies
• Evergreen
• Biffa

Q6. Which recycled polyethylene terephthalate market segment will be the largest in future?

Answer: Lucintel forecasts that flake will remain the larger segment over the forecast period due to its increasing need in the manufacturing of film reels, conveyor belts, car seats and covers, food-grade packaging, and fiber.

Q7. In recycled polyethylene terephthalate market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the recycled polyethylene terephthalate market by type (flakes and chips), product type (clear and colored), source (bottles & containers, films & sheets, and others), application (bottles & containers, fiber, strapping, sheet & film, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?