PUBLISHER: TechSci Research | PRODUCT CODE: 1255225
PUBLISHER: TechSci Research | PRODUCT CODE: 1255225
Recycled Polyethylene Terephthalate Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type, By Source, By End Use, By Region, and Competition
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Global recycled polyethylene terephthalate (RPET) market is anticipated to grow significantly through 2028. The growing environmental awareness and paradigm shift towards more sustainable and eco-friendly alternatives are expected to spur market growth through 2028. Additionally, the growing trend to minimize plastic usage and adopt sustainable alternative solutions in the packaging industry is further expected to spur market growth. Besides, various companies operating in the market are focusing on developing environmentally friendly packaging materials and on programs that help the reduction of waste from plastic packaging. For example, PepsiCo and Evian aim to recycle 75% of their packaging waste and 100% of their plastics by 2030 and 2025, respectively. Governments across the globe are taking initiatives to address these challenges. Polyethylene terephthalate, also called PET, is a clear, strong, lightweight, and 100% recyclable plastic. This material is a polymer produced by combining purified terephthalic acid and modified ethylene glycol. Recycled PET requires low energy consumption during production. Due to its lightweight, its transportation cost is also less. Additionally, Recycled PET is 75% more environmentally benign than virgin PET, which has a better ecological balance, according to a Swiss Climate study.
Increasing Consumer Awareness towards Sustainability
The growing awareness among the population towards adopting sustainable alternatives in order to protect the environment is expected to create lucrative opportunities for the growth of the recycled polyethylene terephthalate market. Plastic pollution is one of the major causes of different forms of environmental pollution. It is expected that the global plastic waste volume will reach 12 billion metric tonnes by 2050. Hence, it is required to effectively manage and reduce plastic waste. This has increased the focus on plastic recycling. Recycling rates are rising on account of growing awareness and aggressive attempts to eliminate plastic waste. The recycling rate of plastic packaging waste in the United Kingdom was around 44.2% in 2021.
Growing Demand from various End User Industries
Recycled PET is similar in characteristics and properties to PET, which is commonly used in packaging and various other applications like clothes, sheets & films, food & beverage containers, cushions, and automobile parts. The demand for recycled polyethylene terephthalate is primarily driven by the packaging demand created by the food & beverage industries. Additionally, various companies operating in the market have committed to implementing at least 50% of recycled plastic in packaging by 2030. This will, in turn, increase the demand for the food grade certified recycled polyethylene terephthalate market.
Recent Developments
- By investing in new extrusion equipment to make pellets in its facility in Bowling Green, Phoenix Technologies International LLC., in September 2022, said that the company will enhance the quantity of food-grade recycled polyethylene terephthalate (RPET) manufactured by them. Once the expansion gets completed by mid of 2023, the company anticipates producing 140 million pounds of RPET resin yearly, which is equivalent to processing 5 billion bottles.
- In July 2022, Evergreen, an American recycled PET manufacturer company, completed the expansion of a new production plant in Clyde, Ohio. The expansion, which started as a USD 22 million project with three lines in August 2021, changed due to growing customer demand for recycled PET plastic. The 54,000-square-foot addition has four extrusion lines that may be expanded to six, producing 11.8 billion bottles annually for a total capacity of 113 million pounds of food-grade PET locally. Along with Closed Loop Partners, the American Beverage Association, Ohio Beverage Association, and other organizations, the company focuses on making this achievement feasible.
- In May 2022, an Australian supermarket chain, Clones, designed a shopping bag made of 80% recycled plastic & 20% marine waste plastic. By 2025, Australia National Packaging Targets to increase recycled materials utilization in packaging applications.
- Indorama Ventures, in June 2021, purchased the Texas factory of CarbonLite Holdings. With this acquisition, the firm hopes to swiftly increase its manufacturing capacity while extending its reach in North America.
Market Segmentation
Global Recycled Polyethylene Terephthalate Market is segmented based on type, source, end-use, and region. Based on type, the market is split into flakes and chips. Based on source, the market is categorized into bottles & containers, films & sheets, and others. Based on end use, the market is fragmented into strapping, food & beverage containers and bottles, non-food containers and bottles, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa.
Company Profiles
Placon Corp., Keenpro Industry Corp., Plastipak Industries Inc., Clear Path Recycling LLC., Indorama Ventures Public Company Limited, Verdeco Recycling Inc., Loop Industries, Inc., PolyQuest, Inc., EvergreenTogether, Alpek SAB de CV are some of the key players operating in the Global Recycled Polyethylene Terephthalate Market.
Report Scope
In this report, global recycled polyethylene terephthalate market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
Recycled Polyethylene Terephthalate Market, By Type:
- Flakes
- Chips
Recycled Polyethylene Terephthalate Market, By Source:
- Bottles & Containers
- Films & Sheet
- Others
Recycled Polyethylene Terephthalate Market, By End Use:
- Strapping
- Food & Beverage Containers and Bottles
- Non-Food Containers and Bottles
- Others
Recycled Polyethylene Terephthalate Market, By Region:
- North America
- United States
- Mexico
- Canada
- Europe
- France
- Germany
- United Kingdom
- Spain
- Italy
- Asia-Pacific
- China
- India
- South Korea
- Japan
- Thailand
- Vietnam
- Australia
- South America
- Brazil
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global recycled polyethylene terephthalate market.
Available Customizations
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Recycled Polyethylene Terephthalate Market Outlook
- 5.1. Market Size & Forecast
- 5.1.1. By Value & Volume
- 5.2. Market Share & Forecast
- 5.2.1. By Type (Flakes, Chips)
- 5.2.2. By Source (Bottles & Containers, Films & Sheet, Others)
- 5.2.3. By End Use (Strapping, Food & Beverage Containers and Bottles, Non-Food Containers and Bottles, Others)
- 5.2.4. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)
- 5.2.5. By Company (2022)
- 5.3. Market Map
- 5.3.1. By Types
- 5.3.2. By Source
- 5.3.3. By End Use
- 5.3.4. By Region
6. North America Recycled Polyethylene Terephthalate Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value & Volume
- 6.2. Market Share & Forecast
- 6.2.1. By Types
- 6.2.2. By Source
- 6.2.3. By End Use
- 6.2.4. By Country
- 6.3. Pricing Analysis
- 6.4. North America: Country Analysis
- 6.4.1. United States Recycled Polyethylene Terephthalate Market Outlook
- 6.4.1.1. Market Size & Forecast
- 6.4.1.1.1. By Value & Volume
- 6.4.1.2. Market Share & Forecast
- 6.4.1.2.1. By Types
- 6.4.1.2.2. By Source
- 6.4.1.2.3. By End Use
- 6.4.1.1. Market Size & Forecast
- 6.4.2. Mexico Recycled Polyethylene Terephthalate Market Outlook
- 6.4.2.1. Market Size & Forecast
- 6.4.2.1.1. By Value & Volume
- 6.4.2.2. Market Share & Forecast
- 6.4.2.2.1. By Types
- 6.4.2.2.2. By Source
- 6.4.2.2.3. By End Use
- 6.4.2.1. Market Size & Forecast
- 6.4.3. Canada Recycled Polyethylene Terephthalate Market Outlook
- 6.4.3.1. Market Size & Forecast
- 6.4.3.1.1. By Value & Volume
- 6.4.3.2. Market Share & Forecast
- 6.4.3.2.1. By Types
- 6.4.3.2.2. By Source
- 6.4.3.2.3. By End Use
- 6.4.3.1. Market Size & Forecast
- 6.4.1. United States Recycled Polyethylene Terephthalate Market Outlook
7. Europe Recycled Polyethylene Terephthalate Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value & Volume
- 7.2. Market Share & Forecast
- 7.2.1. By Types
- 7.2.2. By Source
- 7.2.3. By End Use
- 7.2.4. By Country
- 7.3. Pricing Analysis
- 7.4. Europe: Country Analysis
- 7.4.1. France Recycled Polyethylene Terephthalate Market Outlook
- 7.4.1.1. Market Size & Forecast
- 7.4.1.1.1. By Value & Volume
- 7.4.1.2. Market Share & Forecast
- 7.4.1.2.1. By Types
- 7.4.1.2.2. By Source
- 7.4.1.2.3. By End Use
- 7.4.1.1. Market Size & Forecast
- 7.4.2. Germany Recycled Polyethylene Terephthalate Market Outlook
- 7.4.2.1. Market Size & Forecast
- 7.4.2.1.1. By Value & Volume
- 7.4.2.2. Market Share & Forecast
- 7.4.2.2.1. By Types
- 7.4.2.2.2. By Source
- 7.4.2.2.3. By End Use
- 7.4.2.1. Market Size & Forecast
- 7.4.3. United Kingdom Recycled Polyethylene Terephthalate Market Outlook
- 7.4.3.1. Market Size & Forecast
- 7.4.3.1.1. By Value & Volume
- 7.4.3.2. Market Share & Forecast
- 7.4.3.2.1. By Types
- 7.4.3.2.2. By Source
- 7.4.3.2.3. By End Use
- 7.4.3.1. Market Size & Forecast
- 7.4.4. Spain Recycled Polyethylene Terephthalate Market Outlook
- 7.4.4.1. Market Size & Forecast
- 7.4.4.1.1. By Value & Volume
- 7.4.4.2. Market Share & Forecast
- 7.4.4.2.1. By Types
- 7.4.4.2.2. By Source
- 7.4.4.2.3. By End Use
- 7.4.4.1. Market Size & Forecast
- 7.4.5. Italy Recycled Polyethylene Terephthalate Market Outlook
- 7.4.5.1. Market Size & Forecast
- 7.4.5.1.1. By Value & Volume
- 7.4.5.2. Market Share & Forecast
- 7.4.5.2.1. By Types
- 7.4.5.2.2. By Source
- 7.4.5.2.3. By End Use
- 7.4.5.1. Market Size & Forecast
- 7.4.1. France Recycled Polyethylene Terephthalate Market Outlook
8. Asia-Pacific Recycled Polyethylene Terephthalate Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value & Volume
- 8.2. Market Share & Forecast
- 8.2.1. By Types
- 8.2.2. By Source
- 8.2.3. By End Use
- 8.2.4. By Country
- 8.3. Pricing Analysis
- 8.4. Asia-Pacific: Country Analysis
- 8.4.1. China Recycled Polyethylene Terephthalate Market Outlook
- 8.4.1.1. Market Size & Forecast
- 8.4.1.1.1. By Value & Volume
- 8.4.1.2. Market Share & Forecast
- 8.4.1.2.1. By Types
- 8.4.1.2.2. By Source
- 8.4.1.2.3. By End Use
- 8.4.1.1. Market Size & Forecast
- 8.4.2. India Recycled Polyethylene Terephthalate Market Outlook
- 8.4.2.1. Market Size & Forecast
- 8.4.2.1.1. By Value & Volume
- 8.4.2.2. Market Share & Forecast
- 8.4.2.2.1. By Types
- 8.4.2.2.2. By Source
- 8.4.2.2.3. By End Use
- 8.4.2.1. Market Size & Forecast
- 8.4.3. South Korea Recycled Polyethylene Terephthalate Market Outlook
- 8.4.3.1. Market Size & Forecast
- 8.4.3.1.1. By Value & Volume
- 8.4.3.2. Market Share & Forecast
- 8.4.3.2.1. By Types
- 8.4.3.2.2. By Source
- 8.4.3.2.3. By End Use
- 8.4.3.1. Market Size & Forecast
- 8.4.4. Japan Recycled Polyethylene Terephthalate Market Outlook
- 8.4.4.1. Market Size & Forecast
- 8.4.4.1.1. By Value & Volume
- 8.4.4.2. Market Share & Forecast
- 8.4.4.2.1. By Types
- 8.4.4.2.2. By Source
- 8.4.4.2.3. By End Use
- 8.4.4.1. Market Size & Forecast
- 8.4.5. Thailand Recycled Polyethylene Terephthalate Market Outlook
- 8.4.5.1. Market Size & Forecast
- 8.4.5.1.1. By Value & Volume
- 8.4.5.2. Market Share & Forecast
- 8.4.5.2.1. By Types
- 8.4.5.2.2. By Source
- 8.4.5.2.3. By End Use
- 8.4.5.1. Market Size & Forecast
- 8.4.6. Vietnam Recycled Polyethylene Terephthalate Market Outlook
- 8.4.6.1. Market Size & Forecast
- 8.4.6.1.1. By Value & Volume
- 8.4.6.2. Market Share & Forecast
- 8.4.6.2.1. By Types
- 8.4.6.2.2. By Source
- 8.4.6.2.3. By End Use
- 8.4.6.1. Market Size & Forecast
- 8.4.7. Australia Recycled Polyethylene Terephthalate Market Outlook
- 8.4.7.1. Market Size & Forecast
- 8.4.7.1.1. By Value & Volume
- 8.4.7.2. Market Share & Forecast
- 8.4.7.2.1. By Types
- 8.4.7.2.2. By Source
- 8.4.7.2.3. By End Use
- 8.4.7.1. Market Size & Forecast
- 8.4.1. China Recycled Polyethylene Terephthalate Market Outlook
9. South America Recycled Polyethylene Terephthalate Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value & Volume
- 9.2. Market Share & Forecast
- 9.2.1. By Types
- 9.2.2. By Source
- 9.2.3. By End Use
- 9.2.4. By Country
- 9.3. Pricing Analysis
- 9.4. South America: Country Analysis
- 9.4.1. Brazil Recycled Polyethylene Terephthalate Market Outlook
- 9.4.1.1. Market Size & Forecast
- 9.4.1.1.1. By Value & Volume
- 9.4.1.2. Market Share & Forecast
- 9.4.1.2.1. By Types
- 9.4.1.2.2. By Source
- 9.4.1.2.3. By End Use
- 9.4.1.1. Market Size & Forecast
- 9.4.2. Argentina Recycled Polyethylene Terephthalate Market Outlook
- 9.4.2.1. Market Size & Forecast
- 9.4.2.1.1. By Value & Volume
- 9.4.2.2. Market Share & Forecast
- 9.4.2.2.1. By Types
- 9.4.2.2.2. By Source
- 9.4.2.2.3. By End Use
- 9.4.2.1. Market Size & Forecast
- 9.4.1. Brazil Recycled Polyethylene Terephthalate Market Outlook
10. Middle East and Africa Recycled Polyethylene Terephthalate Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value & Volume
- 10.2. Market Share & Forecast
- 10.2.1. By Types
- 10.2.2. By Source
- 10.2.3. By End Use
- 10.2.4. By Country
- 10.3. Pricing Analysis
- 10.4. MEA: Country Analysis
- 10.4.1. South Africa Recycled Polyethylene Terephthalate Market Outlook
- 10.4.1.1. Market Size & Forecast
- 10.4.1.1.1. By Value & Volume
- 10.4.1.2. Market Share & Forecast
- 10.4.1.2.1. By Types
- 10.4.1.2.2. By Source
- 10.4.1.2.3. By End Use
- 10.4.1.1. Market Size & Forecast
- 10.4.2. Saudi Arabia Recycled Polyethylene Terephthalate Market Outlook
- 10.4.2.1. Market Size & Forecast
- 10.4.2.1.1. By Value & Volume
- 10.4.2.2. Market Share & Forecast
- 10.4.2.2.1. By Types
- 10.4.2.2.2. By Source
- 10.4.2.2.3. By End Use
- 10.4.2.1. Market Size & Forecast
- 10.4.3. UAE Recycled Polyethylene Terephthalate Market Outlook
- 10.4.3.1. Market Size & Forecast
- 10.4.3.1.1. By Value & Volume
- 10.4.3.2. Market Share & Forecast
- 10.4.3.2.1. By Types
- 10.4.3.2.2. By Source
- 10.4.3.2.3. By End Use
- 10.4.3.1. Market Size & Forecast
- 10.4.1. South Africa Recycled Polyethylene Terephthalate Market Outlook
11. Market Dynamics
- 11.1. Drivers
- 11.1.1. Increasing demand from the food & beverage industry
- 11.1.2. Stringent laws and regulations by governments
- 11.1.3. Reduce CO2 emission and require less energy for production
- 11.2. Challenges
- 11.2.1. High cost of recycled plastics
- 11.2.2. Absence of a proper framework for plastic waste management
12. Market Trends & Developments
- 12.1. Increasing demand for Recycled Polyethylene Terephthalate from food & packaging maintain hygienic
- 12.2. Consumer behaviors shifting towards sustainability
13. Global Recycled Polyethylene Terephthalate Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. Business Overview
- 15.2. Product Offerings
- 15.3. Recent Developments
- 15.4. Financials (As Reported)
- 15.5. Key Personnel
- 15.6. SWOT Analysis
- 15.6.1. Placon Corp
- 15.6.2. Keenpro Industry Corp.
- 15.6.3. Plastipak Industries Inc.
- 15.6.4. Clear Path Recycling LLC.
- 15.6.5. Indorama Ventures Public Company Limited.
- 15.6.6. Verdeco Recycling Inc.
- 15.6.7. Loop Industries, Inc.
- 15.6.8. PolyQuest, Inc.
- 15.6.9. EvergreenTogether
- 15.6.10. Alpek SAB de CV
16. Strategic Recommendations
