The global recycled polyethylene terephthalate (R-PET) market is valued at US$ 2.3 billion in 2023 and is projected to reach US$ 4.9 billion by 2033. Global demand for R-PET products is forecasted to increase rapidly at 7.8% CAGR during the next 10 years.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Recycled Polyethylene Terephthalate market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Recycled Polyethylene Terephthalate market.
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Key findings of the Recycled Polyethylene Terephthalate market study:
- Regional breakdown of the Recycled Polyethylene Terephthalate market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Recycled Polyethylene Terephthalate vendors in detail.
- Region-wise and country-wise fragmentation of the Recycled Polyethylene Terephthalate market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Recycled Polyethylene Terephthalate market.
Key Companies Profiled
- AL Mehtab Industries
- ALPLA
- Bantam Materials
- Carbonlite Industries LLC
- Clean Tech U.K. Ltd
- Clear Path Recycling LLC
- DuFor
- Evergreen Plastics, Inc.
- Indorama Ventures
- Libolon
- Marglen Industries
- Peninsula Plastics Recycling
- Phoenix Technologies
- PLACON Corporation
Competitive Landscape
Globally recognized rigid and flexible packaging manufacturers have switched their focus away from traditional packaging solutions and towards more environmentally friendly options. The significant increase in attention being paid to decreasing unnecessary plastic waste and the strong consumer preference for sustainable and eco-friendly packaging solutions over conventional ones is the main forces behind this noticeable move towards eco-friendly packaging solutions.
- Phoenix Technologies International LLC said on September 01, 2022, that by investing in new extrusion equipment to make pellets in its factory in Bowling Green, it producing more food-grade recycled polyethylene terephthalate. After Phoenix’s expansion is complete by mid-2023, the business asserts that it anticipates doubling its ability to produce R-PET resin to 140 million pounds annually, or the equivalent of processing 5 billion bottles yearly.
Key Segments Covered in R-PET Industry Research
- By Source :
- Post-consumer PET
- Post-industrial PET
- By Colour :
- Clear R-PET
- Coloured R-PET
- By Product Type :
- R-PET Flakes
- R-PET Resins
- R-PET Fibers
- By End Use :
- Packaging
- Non-packaging
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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Queries addressed in the Recycled Polyethylene Terephthalate market report:
- Why are the Recycled Polyethylene Terephthalate market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Recycled Polyethylene Terephthalate market?
- Which regions are displaying the fastest growth in the Recycled Polyethylene Terephthalate market?
- What are the underlying micro- macroeconomic factors affecting the global Recycled Polyethylene Terephthalate market?
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