According to the new market research report "Recycled PET Market by Type (Flakes, Chips), Grade (Grade A, Grade B), Source (Bottles & Containers, Films & sheets), Application ( Bottles, fiber, Sheets, Strapping), and Region (APAC, North America, Europe, MEA, South America)- Global Forecast to 2026", published by MarketsandMarkets™, the market size is expected to grow from USD 8.9 billion in 2021 to USD 11.7 billion by 2026, at a CAGR of 5.7% during the forecast period.
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Browse 504 market data Tables and 41 Figures spread through 287 Pages and in-depth TOC on "Recycled PET Market"
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The driving factors for the Recycled PET Market is increasing penetration of recycled PET in the bottles, sheets, fiber and other applications throughout the world. An increasing trend in terms of collection, domestic recycling, recovery of PET, export of PET waste, and implementation of legislative regulations has been witnessed in the market for RPET. These activities have contributed significantly to the growth in demand for RPET in various applications such as food & beverage bottles, textile fiber, and strapping.
Bottles is expected to be the largest and fastest-growing application in the Recycled PET Market during the forecast period.
Bottle is the largest and fastest-growing application segment in the Recycled PET Market. Increasing demand for RPET bottles in food & beverage packaging is driving the market. Growth of this segment is attributed to the rising demand for bottle-to-bottle recycling across the world. It accounted for a share of about 36.5% of the Recycled PET Market, in terms of value, in 2020.
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APAC is expected to hold the largest market share in the global Recycled PET Market during the forecast period.
APAC is the largest and market of recycled PET, with China being the major emerging market. APAC accounted the growth is due to the growing demand from bottles, sheets, fiber and other applications throughout the world. An increasing trend in terms of collection, domestic recycling, recovery of PET, export of PET waste, and implementation of legislative regulations has been witnessed in the Recycled PET Market. These activities have contributed significantly to the growth in demand for RPET in various applications such as food & beverage bottles, textile fiber, and strapping. It accounted for a share of about 43.6% of the Recycled PET Market, in terms of value, in 2020.
Indorama Ventures Public Limited (Thailand), Biffa (UK), Far Eastern New Century Corporation (Taiwan), Plastipak Holdings Inc (US), Alpek (Mexico), among others. are the leading recycled PET manufacturers, globally.
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The global Recycled PET Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the recycled pet market include PLACON, Clear Path Recycling LLC, Verdeco Recycling, Inc., M Chemicals, Zhejiang Anshun Pettechs Fibre Co., Ltd., PolyQuest, Evergreen Plastics, Inc., Phoenix Technologies, Libolon.
These products being highly functional, cost-effective, and often stylish, will be sought after in various applications, from reusable carry bags to roof insulation in the coming years.
Recycled PET gaining traction in the textile industry as a sustainable alternative to polyester will enhance the market growth.
Emerging entrepreneurs looking at recycled PET for insulation, high-quality merchandise, uniforms will be a market booster.
Recycled PET Chips Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the recycled pet chips market include Clean Tech Incorporated, Clear Path Recycling, Mohawk Industries Incorporated, CarbonLite Industries, Greentech, Visy, Evergreen Plastics, Extrupet, PolyQuest, Phoenix Technologies, and Verdeco Recycling.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Recycled PET Chips Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/recycled-pet-chips-market/download-sampleMarket DynamicsThe RPET market is expanding rapidly due to the ever-increasing global population coupled with the increasing demand for food and beverage items and textiles.
Over the past several years, recycled PET chips are effectively being utilized in food packaging applications.
Moreover, producing new plastic products from recycled plastic involves less expenditure.
