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Recycled Polyethylene Terephthalate Market Size, Share & Trends Analysis Report By Product (Clear, Colored), By End-use (Fiber, Sheet & Film, Strapping), By Region (Asia Pacific, North America), And Segment Forecasts, 2023 - 2030

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    Report

  • 107 Pages
  • August 2023
  • Region: Global
  • Grand View Research
  • ID: 4330276
The global recycled polyethylene terephthalate market size is anticipated to reach USD 18.7 billion by 2030, registering a CAGR of 8.3% from 2023 to 2030. The growth of the market can be attributed to the rising sustainability measures undertaken by food & beverage and packaging companies. The growing efforts for a circular economy by end-users and increasing adoption of recycled plastics in the packaging, textiles, and other end-use industries are anticipated to drive the demand for recycled polyethylene terephthalate (PET) during the forecast period. Furthermore, recycled polyethylene terephthalate (rPET) is used for developing both, colored and clear (white/non-colored) products.

However, clear rPET products are the most sought after by both, recyclers and end-use industries owing to their lower costs than colored rPET products. Colored rPET is preferred by packaging product and bottle manufacturers as it gives them brand identity and ensures the development of products with improved aesthetics. However, clear rPET products are the most sought after by both, recyclers and end-use industries owing to their lower costs than colored rPET products. Furthermore, the ban on landfills has been introduced in several developed nations in North America and Europe, such as Austria, Germany, the Netherlands, France, Denmark, Belgium, and several states in the U. S. and Canadian provinces.

In Europe, landfill bans have existed for decades. Furthermore, plans are being developed in the UK, and Australia has legislated the introduction of a range of bans in the next few years. In addition, various end-use industries have implemented the utilization of rPET for the manufacturing of their products. This enables them to control the raw material cost, along with positioning themselves as an environmentally-friendly product developer in comparison to their counterparts. For instance, On May 9, 2023, the company announced the acquisition of Iber Resinas SL, a Spain-based plastic recycling company. With this acquisition, TotalEnergies is projected to expand its footprint in the European markets.

Recycled Polyethylene Terephthalate Market Report Highlights

  • The North America regional market was estimated at USD 10.1 billion in 2022 and is expected to grow at a CAGR of 8.3% from 2023 to 2030
  • The clear product segment led the market and accounted for a revenue share of over 76.0% in 2022. Low energy requirements and ease of bottle-to-bottle recycling are expected to drive the product demand over the forecast period. The segment is expected to witness a high growth rate owing to its non-reactive & shatterproof properties and excellent durability & low weight
  • Major application areas of colored rPET are automotive trays, in-process protective packaging, electronics & electrical packaging, containers, transit trays, healthcare packaging, and other plastic trays. Colored rPET is used in the production of fabrics and clothing and various packaging applications
  • A rise in bottle-to-bottle production and growth of the beverages market in Asia Pacific are expected to drive rPET market growth over the forecast period. Recycled PET packaging for food & beverages provides thermal insulation and environmental impact resistance. The packaging also proves to be cost-effective owing to the low cost involved in its production
  • Increasing spending on commissioning manufacturing units, particularly in Asia Pacific, is expected to boost the demand for rPET in the non-food bottles & containers segment. Government subsidies in the form of tax incentives in countries, such as China, India, Vietnam, Indonesia, and Thailand, across various industries, such as bottles and containers, are expected to drive the product demand

Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definitions
1.2.1 Purchased Database
1.2.2 Internal Database
1.2.3 Secondary Products
1.2.4 Third-Party Perspective
1.2.5 Primary Research
1.3 Information Analysis
1.3.1 Data Analysis Models
1.4 Market Formulation and Data Visualization
1.5 Data Validation and Publishing
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segmental Outlook
2.3 Competitive Outlook
Chapter 3 Recycled Polyethylene Terephthalate Market Variables, Trends, and Scope
3.1 Market Lineage Outlook
3.1.1 Global Recycled Plastics Market Outlook
3.1.2 Global Plastics Market Outlook
3.2 PET Bottles Demand by Color (% Share), 2020
3.2.1 Industry Value Chain Analysis
3.2.2 Raw Material Trends
3.2.3 Technology Overview
3.3 Regulatory Frameworks
3.3.1 European Union (EU) 2018/852
3.4 Market Dynamics
3.4.1 Market Driver Analysis
3.4.2 Market restraint Analysis
3.4.3 Industry Challenges
3.4.4 Key Opportunities Prioritized
3.5 Business Environment Analysis: Recycled Polyethylene Terephthalate Market
3.5.1 Industry Analysis - Porter’s
3.5.2 PESTEL Analysis
3.6 COVID-19 Impact on the Recycled Polyethylene Terephthalate Market
Chapter 4 Recycled Polyethylene Terephthalate Market: Product Estimates & Trend Analysis
4.1 Product Movement Analysis & Market Share, 2022 & 2030
4.2 Recycled Polyethylene Terephthalate Market Estimates & Forecast, By Product (Kilo Tons) (USD Million)
4.3 Clear
4.3.1 Recycled Polyethylene Terephthalate market estimates & Forecasts for Clear, 2018 - 2030 (Kilo Tons) (USD Million)
4.4 Colored
4.4.1 Recycled Polyethylene Terephthalate market estimates & Forecasts for COLORED, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 5 Recycled Polyethylene Terephthalate Market: End-use Estimates & Trend Analysis
5.1 End-use Movement Analysis & Market Share, 2022 & 2030
5.2 Recycled Polyethylene Terephthalate Market Estimates & Forecast, By End-use (Kilo Tons) (USD Million)
5.3 Fiber
5.3.1 Recycled Polyethylene Terephthalate market estimates & Forecasts for Fiber, 2018 - 2030 (Kilo Tons) (USD Million)
5.4 Sheet & Film
5.4.1 Recycled Polyethylene Terephthalate market estimates & Forecasts for Sheet & Film, 2018 - 2030 (Kilo Tons) (USD Million)
5.5 Strapping
5.5.1 Recycled Polyethylene Terephthalate market estimates & Forecasts for STRAPPING,2018 - 2030 (Kilo Tons) (USD Million)
5.6 Food & Beverage Containers and Bottles
5.6.1 Recycled Polyethylene Terephthalate market estimates & Forecasts for Food & Beverage Containers and Bottles, 2018 - 2030 (Kilo Tons) (USD Million)
5.7 Non-food Containers and Bottles
5.7.1 Recycled Polyethylene Terephthalate market estimates & Forecasts for Non-food Containers and Bottles, 2018 - 2030 (Kilo Tons) (USD Million)
5.8 Others
5.8.1 Recycled Polyethylene Terephthalate market estimates & Forecasts for others, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 6 Recycled Polyethylene Terephthalate Market: Regional Estimates & Trend Analysis
6.1 Recycled Polyethylene Terephthalate Market: Regional Outlook
6.2 North America
6.2.1 North America Recycled Polyethylene Terephthalate Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.2.2 U.S.
6.2.3 Canada
6.2.4 Mexico
6.3 Europe
6.3.1 Europe Recycled Polyethylene Terephthalate Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.2 Germany
6.3.3 Sweden
6.3.4 UK
6.3.5 Italy
6.3.6 France
6.3.7 Spain
6.3.8 Poland
6.4 Asia Pacific
6.4.1 Asia Pacific Recycled Polyethylene Terephthalate market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.2 China
6.4.3 Japan
6.4.4 India
6.4.5 South Korea
6.4.6 Australia
6.4.7 Malaysia
6.4.8 Singapore
6.4.9 Thailand
6.4.10 Vietnam
6.5 Central & South America
6.5.1 Central & South America Recycled Polyethylene Terephthalate market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.2 Brazil
6.5.3 Argentina
6.6 Middle East & Africa
6.6.1 Middle East & AFrica Recycled Polyethylene Terephthalate market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.6.2 Saudi arabia
6.6.3 United Arab Emirates (UAE)
6.6.4 South Africa
Chapter 7 Recycled Polyethylene Terephthalate Market: Competitive Landscape
7.1 Recent Developments & Their Impact Analysis, by Key Market Participants
7.2 Key Company/Competition Categorization
7.3 Participant’s Overview
7.4 Financial Performance
7.5 Product Benchmarking
7.6 Company Heat Map Analysis
7.7 Company Market Position Analysis
7.8 Company Market Share Analysis, 2022
7.9 Strategy Mapping
7.9.1 Expansions
7.9.2 Mergers & Acquisitions
7.9.3 Collaborations
7.9.4 New facility/product launches
7.9.5 Others
List of Tables
Table 1 Recycled Polyethylene Terephthalate Market Revenue Estimates and Forecast, By Product, 2018 - 2030 (Kilo Tons)
Table 2 Recycled Polyethylene Terephthalate Market Revenue Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
Table 3 Recycled Polyethylene Terephthalate Market Revenue Estimates and Forecast, By End-use, 2018 - 2030 (Kilo Tons)
Table 4 Recycled Polyethylene Terephthalate Market Revenue Estimates and Forecast, By End-use, 2018 - 2030 (USD Million)
Table 5 Recent Developments & Their Impact Analysis, by Key Market Participants
Table 6 Key companies undergoing expansions
Table 7 Key companies involved in mergers & acquisitions
Table 8 Key companies involved in collaborations
Table 9 Key companies carrying out new facility/product launches
Table 10 Key companies undertaking others
List of Figures
Fig. 1 Recycled Polyethylene Terephthalate Market Segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary Research Process
Fig. 5 Market research approaches - Bottom-Up Approach
Fig. 6 Market research approaches - Top-Down Approach
Fig. 7 Market research approaches - Combined Approach
Fig. 8 Global Recycled Polyethylene Terephthalate Market: Market Outlook (USD Million)
Fig. 9 Global Recycled Polyethylene Terephthalate Market: Segmental Outlook (USD Million)
Fig. 10 Global Recycled Polyethylene Terephthalate Market: Competitive Outlook (USD Million)
Fig. 11 Recycled Plastics Market, 2022 (USD Billion)
Fig. 12 Recycled Polyethylene Terephthalate : Value chain analysis
Fig. 13 Mechanical Recycling Process Flow Chart
Fig. 14 Chemical Recycling Process Flow Chart
Fig. 15 Recycle Polyethylene Terephthalate Market- Market Dynamics
Fig. 16 Recycled Polyethylene Terephthalate Market - Porter’s Analysis
Fig. 17 Recycled Polyethylene Terephthalate Market - PESTEL Analysis
Fig. 18 Recycled Polyethylene Terephthalate Market, by Product: Key Takeaways
Fig. 19 Recycled Polyethylene Terephthalate Market, by Product: Market Share by Volume, 2022 & 2030
Fig. 20 Recycled Polyethylene Terephthalate Market, by Product: Market Share by Value, 2022 & 2030
Fig. 21 Recycled Polyethylene Terephthalate Market Estimates & Forecasts For Clear, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 22 Recycled Polyethylene Terephthalate market estimates & forecasts for Colored, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 23 Recycled Polyethylene Terephthalate Market, by End Use: Key Takeaways
Fig. 24 Recycled Polyethylene Terephthalate Market, by End Use: Market Share by Volume, 2022 & 2030
Fig. 25 Recycled Polyethylene Terephthalate Market, by End Use: Market Share by Value, 2022 & 2030
Fig. 26 Recycled Polyethylene Terephthalate market estimates & forecasts for Fiber, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 27 Recycled Polyethylene Terephthalate market estimates & forecasts for Sheet & Film, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 28 Recycled Polyethylene Terephthalate market estimates & forecasts for Strapping, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 29 Recycled Polyethylene Terephthalate market estimates & forecasts for Food & Beverage Containers and Bottles, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 30 Recycled Polyethylene Terephthalate market estimates & forecasts for Non-Food Containers and Bottles, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 31 Recycled Polyethylene Terephthalate market estimates & forecasts for Others, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 32 Recycled Polyethylene Terephthalate Market Revenue, by Region, 2022 & 2030 (USD Million)
Fig. 33 Regional Marketplace: Key Takeaways (1/2)
Fig. 34 Regional Marketplace: Key Takeaways(2/2)
Fig. 35 Regional Marketplace: Key Takeaways(3/3)
Fig. 36 North America Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 37 U.S. Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 38 Canada Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 39 Mexico Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 40 Europe Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 41 Germany Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 42 Sweden Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 43 UK Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 44 Italy Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 45 France Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 46 Spain Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 47 Poland Recycled Polyethylene Terephthalate Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 48 Asia Pacific Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 49 China Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 50 Japan Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 51 India Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 52 South Korea Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 53 Australia Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 54 Malaysia Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 55 Singapore Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 56 Thailand Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 57 Vietnam Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 58 Central & South America Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 59 Brazil Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 60 Argentina Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 61 Middle East & Africa Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 62 Saudi Arabia Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 63 United Arab Emirates (UAE) Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 64 South Africa Recycled Polyethylene Terephthalate market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 65 Recycled Polyethylene Terephthalate Market: Key Company/Competition Categorization
Fig. 66 Recycled Polyethylene Terephthalate Market: Company Market Position Analysis
Fig. 67 Market Share Analysis
Fig. 68 Strategic Framework

Companies Mentioned

  • Placon
  • Clear Path Recycling LLC
  • Verdeco Recycling, Inc.
  • Indorama Ventures Public Ltd.
  • Zhejiang Anshun Pettechs Fibre Co., Ltd.
  • PolyQuest
  • Evergreen Plastics, Inc.
  • Phoenix Technologies
  • Libolon
  • Biffa

Methodology

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Table Information