Recycled Polyethylene Terephthalate Market Report 2026

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.

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