Recycled Polyethylene Terephthalate Market size— Segmental Analysis:
The Recycled Polyethylene Terephthalate Market is projected to register a CAGR of over 7.6% to reach USD 13,941.16 million by the end of 2028.
By application, the market is based on fiber, sheet film, strapping, food-grade bottles containers, non-food-grade bottles containers, and others. The fiber segment accounts for the maximum share of the market and is expected to exhibit healthy growth over the next few years. Its growth can be ascribed to the extensive use of polyester fiber in textile manufacturing.
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Market Overview
Market Research Future (MRFR)’s latest study reveals that the global recycled polyethylene terephthalate (RPET) market is poised to register a CAGR of 8.5% during the forecast period 2018 to 2023. In terms of revenue, the market is projected to grow from USD 6,572.9 Mn in 2017 to USD 10,666.2 Mn by 2023-end. The growth of the market is highly dependent on the polyethylene terephthalate (PET) market. The recycling rate of PET is expected to improve over the next couple of years, thus, augmenting the Recycled Polyethylene Terephthalate Market Size. In terms of volume, the global recycled polyethylene terephthalate market is prognosticated to reach over 11 KT by the end of 2023 up from 7,684.3 KT in 2017. However, 20–22% loss is incurred during the manufacturing process which remains an impediment to market expansion.
The demand for RPET fiber in the textile industry is anticipated to witness an upsurge as it shows no qualitative degradation after several recycling sessions. The growth of the textile industry is poised to boost the expansion of the recycled polyethylene terephthalate market through the review period. Additionally, the extensive use of RPET in the food-beverage sector for packaging has intensified market proliferation. An increase in the working population, and disposable income has led to a shift towards ready-to-eat and packaged food products which is driving the demand for RPET.
Competitive Dashboard:
Some of the key players profiled in the Recycled PET Market Share include Placon, Clear Path Recycling, Verdeco Recycling Inc., Indorama Ventures Public Company Limited, Zhejiang Anshun Pettechs Fiber Co., Ltd, PolyQuest, Evergreen Plastics, Montello S.p.A., Phoenix Technologies, MG Chemicals, and LIBOLON
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Regional Outlook:
By region, the global Recycled Polyethylene Terephthalate Market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East Africa. Asia Pacific currently accounts for 56% share of the market and is estimated to strike a relatively higher CAGR. The high recycling rate in Asian countries, especially China, Japan, and India are projected to accelerate revenue creation for the market players. For instance, according to a study published by National Chemical Laboratory (NCL), India recycles 90% of its polyethylene terephthalate, trailed by Japan which recycles 72% of its polyethylene terephthalate. India resonates strong growth opportunities and is emerging as an investment-centric market due to intensified textile production.
Europe is the second largest market for recycled polyethylene terephthalate and is forecasted to remain a highly lucrative market in the forthcoming years. Germany is the most promising country-level market and is estimated to reach a value of USD 510.8 Mn towards the end of the assessment period. The growth of Germany’s market can be ascribed to the extensive production and export of textiles. Additionally, the initiatives undertaken by the European Union (EU) for plastic waste recycling has further boosted the market growth in the region. The trend is likely to perpetuate during the projection period.
North America is an important growth pocket due to the presence of established plastic industry in the U.S. Meanwhile; Latin America accounted for 9.9% share of the global market. The factor driving the growth of the regional market include economic reforms in favor of industrialization in Brazil. Apart from Brazil, Mexico and Argentina are projected to FAVOR the proliferation of the regional market.
The Middle East Africa holds the least share of the global market owing to lack of awareness regarding recycling. However, increasing consumption of plastic coupled with increasing awareness about the benefits of plastic recycling has opened avenues of growth opportunities in the regional market.
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Market Size – USD 6.89 Billion in 2018, Market Growth - CAGR of 6.9%, Market Trends – The elevating demand for Recycled Polyethylene Terephthalate in Food and Beverages industryThe global recycled polyethylene terephthalate (rPET) market is forecast to reach USD 12.54 Billion by 2027, according to a new report by Reports and Data.
Polyethylene terephthalate (PET) can be described as a highly recyclable plastic resin and a type of polyester.The methodologies employed to study the Recycled Polyethylene Terephthalate market for the forecast period, 2019-2027 categorize the industry by type, geography, end-use and end-user to add more accuracy and accentuate the factors responsible for boosting business expansion.
The market intelligence report on the Recycled Polyethylene Terephthalate market will offer stakeholders valuable insights into their target consumers and geographies to devise more promising marketing strategies for the forecast years from 2019 to 2027.
With an exclusive coverage of the top vendors, the study arms business owners with extensive knowledge of the local market as well as improved ability to locate potential consumers and retain existing consumers.
Get a Free PDF Sample Copy (including TOC, Tables, and Figures) at: https://www.reportsanddata.com/sample-enquiry-form/2405Key participants include Verdeco Recycling, INC, Placon, Clear Path Recycling LLC, M Chemicals, Indorama Ventures Public LTD., Polyquest, Zhejiang Anshun Pettechs Fibre Co., Ltd., Phoenix Technologies, Evergreen Plastics, Inc. and Libolon.For the purpose of this report, Reports and Data have segmented the global Recycled Polyethylene Terephthalate market according to Product Type, Processing & Collection Methods, End-use, and Region:Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)ColoredClearProcessing & Collection Methods Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)Curbside RecyclingRecycling BanksRecycling DrivesEnd-use Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)Sheet & filmFiberFood & beverage bottles & containersStrappingNon-food bottles & containersOthersRegional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)North AmericaEuropeAsia PacificMEALatin AmericaTo get this report at a profitable rate: https://www.reportsanddata.com/checkout-form/2405 The report not only empowers companies and professionals to understand the significant characteristics of the target market but also the communication preferences.
Armed with all essential information on recent developments in the competitive landscape, such as a joint venture, collaboration, acquisition and merger and product launch, the study enables business owners to build a robust portfolio of their best buyers.The objectives of the report are:To examine and forecast the market size of the Recycled Polyethylene Terephthalate Industry in the global market.To study the global key players with a focus on the SWOT analysis, value and global market share for leading players.To analyze the market by type, end use, and region to draw a forecast for the years 2019–2027.To assess the market potential and advantage, opportunities and challenges, restraints and risks faced by global key regions.To decipher significant trends and elements driving or confining the market growth.To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
Global Recycled Polyethylene Terephthalate (PET) Market Research Report 2019-2023The Global Recycled Polyethylene Terephthalate (PET) Market report begins with the explanation of the market terms and technicalities to update the customer about the latest developments in the market and what is to be expected in the Recycled Polyethylene Terephthalate (PET) in terms of the future expectations.
Understanding of the new products and developments in the Recycled Polyethylene Terephthalate (PET) helps the customer understand which direction is the best to move towards that can help them tackle the competition better.
Hence the Global report also covers an exhaustive list of the top players in the Recycled Polyethylene Terephthalate (PET) along with their detailed company profile and product catalogue, as well as their new developments in the Recycled Polyethylene Terephthalate (PET).The report is an in-depth study of the Recycled Polyethylene Terephthalate (PET) from across the globe with a special focus towards the Chinese market owing to its vast nature and record breaking growth rate over the past decade.
The Global Recycled Polyethylene Terephthalate (PET) report covers the intricate details about the Recycled Polyethylene Terephthalate (PET) across various parameters such as the value and volume of the Recycled Polyethylene Terephthalate (PET), along with its different segmentations such as end users, applications, regional segmentation, etc.
This holds key importance for customers and hence this information is well supported with due statistics that are represented in easy to consume graphs, charts, and tables.
The Global report includes a detailed regional segmentation as well in the report to provide the customer a 360 degrees view of how the Recycled Polyethylene Terephthalate (PET) is performing across the globe in terms of value and volume of every regional Recycled Polyethylene Terephthalate (PET), as well as the fastest growing regions across all segments which include applications, end users, and many more.
