PUBLISHER: The Business Research Company | PRODUCT CODE: 1927184
PUBLISHER: The Business Research Company | PRODUCT CODE: 1927184
Polyethylene terephthalate (PET) is a recyclable plastic resin that belongs to the polyester family, formed through the combination of two monomers: modified ethylene glycol and purified terephthalic acid. PET is commonly recycled into various products, including new PET containers, carpet, clothing, protective packaging, industrial strapping, automotive parts, construction materials, tennis balls, and tennis ball canisters.
Recycled polyethylene terephthalate comes in clear and colored variants. 'Clear recycled polyethylene terephthalate' denotes transparent PET plastic, which is the most widely recycled plastic globally. Recycled PET finds applications in diverse industries, including fiber, sheet and film production, strapping, the manufacturing of food and beverage containers and bottles, as well as non-food containers and bottles. These applications are prevalent in industries such as packaging, electrical and electronics, automotive, and construction.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are impacting the recycled polyethylene terephthalate market by increasing costs of imported recycling machinery, sorting equipment, washing systems, and polymer processing components. Packaging and textile manufacturers in North America and Europe are most affected due to reliance on imported recycling technology, while Asia-Pacific faces pricing pressure on rPET exports. These tariffs are elevating processing costs and affecting supply consistency. However, they are also encouraging domestic recycling capacity expansion, regional sourcing of recycled feedstock, and investment in local rPET production facilities.
The recycled polyethylene terephthalate market research report is one of a series of new reports from The Business Research Company that provides recycled polyethylene terephthalate market statistics, including recycled polyethylene terephthalate industry global market size, regional shares, competitors with a recycled polyethylene terephthalate market share, detailed recycled polyethylene terephthalate market segments, market trends and opportunities, and any further data you may need to thrive in the recycled polyethylene terephthalate industry. This recycled polyethylene terephthalate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The recycled polyethylene terephthalate market size has grown rapidly in recent years. It will grow from $11.61 billion in 2025 to $12.79 billion in 2026 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to expansion of plastic recycling infrastructure, rising consumer awareness of sustainable packaging, growth of post-consumer plastic collection systems, increasing use of recycled plastics in packaging, availability of mechanical recycling technologies.
The recycled polyethylene terephthalate market size is expected to see strong growth in the next few years. It will grow to $18.5 billion in 2030 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to increasing regulatory mandates on recycled content, rising investments in chemical recycling technologies, expansion of circular economy initiatives, growing demand for sustainable textile fibers, increasing adoption of rpet in automotive interiors. Major trends in the forecast period include increasing adoption of food-grade rpet packaging, rising demand for high-purity clear rpet, growing use of rpet in automotive and construction applications, expansion of bottle-to-bottle recycling processes, enhanced focus on circular plastic supply chains.
The rising demand for sustainable packaging solutions is expected to drive the growth of the recycled polyethylene terephthalate (rPET) market. Sustainable packaging refers to materials and designs that reduce environmental impact by minimizing resource use, enhancing recyclability, and supporting circular economy practices throughout the product life cycle. This demand is fueled by increasing corporate emphasis on environmental responsibility, as companies seek to align products with consumer expectations for reduced waste and demonstrate commitment to long-term ecological stewardship. Recycled PET provides a high-quality, lower-impact alternative to virgin plastics, enabling manufacturers to meet sustainability goals while maintaining functional performance in modern packaging. For instance, in January 2023, according to Protega Global Ltd., a UK-based sustainable packaging supplier, 81% of consumers expressed a preference for sustainable packaging, reflecting a significant shift toward reducing plastic waste. Therefore, growing demand for sustainable packaging is driving the rPET market.
Major companies in the rPET market are developing advanced recycling solutions, including mechanical and chemical recycling technologies, to enhance production efficiency, material quality, and sustainability. These technologies optimize collection, sorting, purification, and reprocessing of PET waste, enabling high-quality rPET suitable for food- and beverage-grade packaging. For example, in October 2023, Coca-Cola India launched bottles made from 100% recycled PET (rPET) in 250ml and 750ml sizes for the carbonated beverage category. This initiative supports Coca-Cola India's broader sustainability goals, reducing reliance on virgin plastics and promoting a circular economy.
In March 2023, SK Chemicals, a South Korea-based chemical company, acquired the chemical recycling and PET production assets of Shuye Environmental Technology for approximately USD 98.4 million. This acquisition strengthens SK Chemicals' rPET capabilities by integrating Shuye's depolymerization technology and production infrastructure to produce chemically recycled BHET (rBHET) and high-quality rPET. Shuye Environmental Technology is a China-based green materials company specializing in converting post-consumer PET waste into recyclable raw materials and supplying recycled polymers.
Major companies operating in the recycled polyethylene terephthalate market are Placon Corporation, BariQ Ltd., Clear Path Recycling LLC, Evergreen Plastic Container Inc., Indorama Ventures Public Company Limited, Lealea Enterprise Co. Ltd., Montello SpA, Phoenix Technologies Ltd., PolyQuest Inc., Verdeco Recycling Midwest Inc., Zhejiang Anshun Pettechs Fibre Co. Ltd., Alpek S.A.B. de C.V., CarbonLite Industries LLC, Denton Plastics Inc., Extrupet Pty Ltd., Loop Industries Inc., Mohawk Industries Inc., PetStar Holding Company S.A., Plastipak Holdings Inc., Polindo Utama, rPlanet Earth, The Coca-Cola Company, UltrePET LLC, Unifi Inc., Wellman Plastics Recycling LLC
Asia-Pacific as the largest region in the recycled polyethylene terephthalate market in 2025. Asia-Pacific is expected to be the fastest-growing region in the recycled polyethylene terephthalate market share during the forecast period. The regions covered in the recycled polyethylene terephthalate market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the recycled polyethylene terephthalate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The recycled polyethylene terephthalate market consists of sales of recycled polyethylene terephthalate flakes and chips. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Recycled Polyethylene Terephthalate Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses recycled polyethylene terephthalate market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for recycled polyethylene terephthalate ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The recycled polyethylene terephthalate market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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