Global recycled polyethylene terephthalate (RPET) market is anticipated to grow at an significantly through 2028. The growing environmental awareness and paradigm shift towards more sustainable and ecofriendly alternatives is expected to spur the market growth through 2028. Additionally, growing trend to minimize plastic usage and adopt sustainable alternative solutions in packaging industry is further expected to spur the market growth. Besides, various companies operating in the market are focusing on developing environmentally friendly packaging materials and on programs that help the reduction of waste from plastic packaging. For example, PepsiCo and Evian aim to recycle 75% of their packaging waste and 100% of their plastics by 2030 and 2025, respectively. Governments across the globe are taking initiatives to address these challenges. Polyethylene terephthalate, also called PET, is a clear, strong, lightweight, and 100% recyclable plastic. This material is a polymer produced by combining purified terephthalic acid and modified ethylene glycol. Recycled PET requires low energy consumption during production. Due to its lightweight, its transportation cost is also less. Additionally, Recycled PET is 75% more environmentally benign than virgin PET, which has a better ecological balance, according to a Swiss Climate study.

Increasing Consumer Awareness towards Sustainability

The growing awareness among the population towards adopting sustainable alternatives order to protect the environment is expected to create lucrative opportunities for the growth of recycled polyethylene terephthalate market. Plastic pollution is one of the major causes of different forms of environmental pollution. It is expected that the global plastic waste volume would reach 12 billion metric tonnes by 2050. Hence, it is required to effectively managing and reducing plastic waste. This has increased the focus towards plastic recycling. Recycling rates are rising on account of growing awareness and aggressive attempts to eliminate plastic waste. The recycling rate of plastic packaging waste in United Kingdom was around 44.2% in 2021.

 

Growing Demand from various End User Industries

Recycled PET is similar in characteristics and properties to PET, which is commonly used in packaging and various other applications like clothes, sheets & films, food & beverage containers, cushions, and automobile parts. The demand for recycled polyethylene terephthalate is primarily driven by the packaging demand created from food & beverage industries. Additionally, various companies operating in the market have committed to implementing at least 50% of recycled plastic in packaging by 2030. This will in turn increase the demand for food grade certified recycled polyethylene terephthalate market.  

 

Recent Developments

  • By investing in new extrusion equipment to make pellets in its facility in Bowling Green, Phoenix Technologies International LLC., in September 2022, said that the company will enhance the quantity of food-grade recycled polyethylene terephthalate (RPET) manufactured by them. Once the expansion gets completed by mid of 2023, the company anticipates of producing 140 million pounds of RPET resin yearly, which is equivalent to processing 5 billion bottles.
  • In July 2022, Evergreen, American recycled PET manufacturer company completed the expansion of a new production plant in Clyde, Ohio. The expansion, which started as a USD 22 million project with three lines in August 2021, changed due to growing customer demand for recycled PET plastic. The 54,000-square-foot addition has four extrusion lines that may be expanded to six, producing 11.8 billion bottles annually for a total capacity of 113 million pounds of food-grade PET locally. Along with Closed Loop Partners, the American Beverage Association, Ohio Beverage Association, and other organizations the company focuses on making this achievement feasible.
  • In May 2022, an Australian supermarket chain, Clones, designed a shopping bag made of 80% recycled plastic & 20% marine waste plastic. By 2025, Australia National Packaging Targets increasing recycled materials utilization in packaging applications.  
  • Indorama Ventures, in June 2021 purchased the Texas factory of CarbonLite Holdings. With this acquisition, the firm hopes to swiftly increase its manufacturing capacity while extending its reach in North America.

 


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Market Segmentation

Global Recycled Polyethylene Terephthalate Market is segmented based on type, source, end-use, and region. Based on type, the market is split into flakes and chips. Based on source, the market is categorized into bottles & containers, films & sheets, and others. Based on end use, the market is fragmented into strapping, food & beverage containers and bottles, non-food containers and bottles, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa.

Company Profiles

Placon Corp., Keenpro Industry Corp., Plastipak Industries Inc., Clear Path Recycling LLC., Indorama Ventures Public Company Limited,        Verdeco Recycling Inc., Loop Industries, Inc., PolyQuest, Inc., EvergreenTogether, Alpek SAB de CV          are some of the key players operating in the Global Recycled Polyethylene Terephthalate Market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in Metric Tonnes, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Type

·         Source

·         End Use

Regional scope

North America, Europe, Asia Pacific, South America, Middle East & Africa

Country scope

United States; Mexico; Canada; France; Germany; United Kingdom; Spain; Italy; China; India;  South Korea; Japan; Thailand; Vietnam; Australia; Brazil; Argentina; South Africa; Saudi Arabia; UAE

Key companies profiled

Placon Corp., Keenpro Industry Corp., Plastipak Industries Inc., Clear Path Recycling LLC., Indorama Ventures Public Company Limited,           Verdeco Recycling Inc., Loop Industries, Inc., PolyQuest, Inc., EvergreenTogether, Alpek SAB de CV

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global recycled polyethylene terephthalate market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

  • Recycled Polyethylene Terephthalate Market, By Type:
    • Flakes
    • Chips
  • Recycled Polyethylene Terephthalate Market, By Source:
    • Bottles & Containers
    • Films & Sheet
    • Others
  • Recycled Polyethylene Terephthalate Market, By End Use:
    • Strapping
    • Food & Beverage Containers and Bottles
    • Non-Food Containers and Bottles
    • Others
  • Recycled Polyethylene Terephthalate Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • France
      • Germany
      • United Kingdom
      • Spain
      • Italy
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Japan
      • Thailand
      • Vietnam
      • Australia
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

Competitive landscape

Company Profiles: Detailed analysis of the major companies present in the global recycled polyethylene terephthalate market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Recycled Polyethylene Terephthalate Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value & Volume

5.2.  Market Share & Forecast

5.2.1.    By Type (Flakes, Chips)

5.2.2.    By Source (Bottles & Containers, Films & Sheet, Others)

5.2.3.    By End Use (Strapping, Food & Beverage Containers and Bottles, Non-Food Containers and Bottles, Others)

5.2.4.    By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

5.2.5.    By Company (2022)

5.3.  Market Map

5.3.1.    By Types

5.3.2.    By Source

5.3.3.    By End Use

5.3.4.    By Region

6.    North America Recycled Polyethylene Terephthalate Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Types

6.2.2.    By Source

6.2.3.    By End Use

6.2.4.    By Country

6.3.  Pricing Analysis

6.4.  North America: Country Analysis

6.4.1.    United States Recycled Polyethylene Terephthalate Market Outlook

6.4.1.1.        Market Size & Forecast

6.4.1.1.1.           By Value & Volume

6.4.1.2.        Market Share & Forecast

6.4.1.2.1.           By Types

6.4.1.2.2.           By Source

6.4.1.2.3.           By End Use

6.4.2.    Mexico Recycled Polyethylene Terephthalate Market Outlook

6.4.2.1.        Market Size & Forecast

6.4.2.1.1.           By Value & Volume

6.4.2.2.        Market Share & Forecast

6.4.2.2.1.           By Types

6.4.2.2.2.           By Source

6.4.2.2.3.           By End Use

6.4.3.    Canada Recycled Polyethylene Terephthalate Market Outlook

6.4.3.1.        Market Size & Forecast

6.4.3.1.1.           By Value & Volume

6.4.3.2.        Market Share & Forecast

6.4.3.2.1.           By Types

6.4.3.2.2.           By Source

6.4.3.2.3.           By End Use

7.    Europe Recycled Polyethylene Terephthalate Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Types

7.2.2.    By Source

7.2.3.    By End Use

7.2.4.    By Country

7.3.  Pricing Analysis

7.4.  Europe: Country Analysis

7.4.1.    France Recycled Polyethylene Terephthalate Market Outlook

7.4.1.1.        Market Size & Forecast

7.4.1.1.1.           By Value & Volume

7.4.1.2.        Market Share & Forecast

7.4.1.2.1.           By Types

7.4.1.2.2.           By Source

7.4.1.2.3.           By End Use

7.4.2.    Germany Recycled Polyethylene Terephthalate Market Outlook

7.4.2.1.        Market Size & Forecast

7.4.2.1.1.           By Value & Volume

7.4.2.2.        Market Share & Forecast

7.4.2.2.1.           By Types

7.4.2.2.2.           By Source

7.4.2.2.3.           By End Use

7.4.3.    United Kingdom Recycled Polyethylene Terephthalate Market Outlook

7.4.3.1.        Market Size & Forecast

7.4.3.1.1.           By Value & Volume

7.4.3.2.        Market Share & Forecast

7.4.3.2.1.           By Types

7.4.3.2.2.           By Source

7.4.3.2.3.           By End Use

7.4.4.    Spain Recycled Polyethylene Terephthalate Market Outlook

7.4.4.1.        Market Size & Forecast

7.4.4.1.1.           By Value & Volume

7.4.4.2.        Market Share & Forecast

7.4.4.2.1.           By Types

7.4.4.2.2.           By Source

7.4.4.2.3.           By End Use

7.4.5.    Italy Recycled Polyethylene Terephthalate Market Outlook

7.4.5.1.        Market Size & Forecast

7.4.5.1.1.           By Value & Volume

7.4.5.2.        Market Share & Forecast

7.4.5.2.1.           By Types

7.4.5.2.2.           By Source

7.4.5.2.3.           By End Use

8.    Asia-Pacific Recycled Polyethylene Terephthalate Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Types

8.2.2.    By Source

8.2.3.    By End Use

8.2.4.    By Country

8.3.  Pricing Analysis

8.4.  Asia-Pacific: Country Analysis

8.4.1.    China Recycled Polyethylene Terephthalate Market Outlook

8.4.1.1.        Market Size & Forecast

8.4.1.1.1.           By Value & Volume

8.4.1.2.        Market Share & Forecast

8.4.1.2.1.           By Types

8.4.1.2.2.           By Source

8.4.1.2.3.           By End Use

8.4.2.    India Recycled Polyethylene Terephthalate Market Outlook

8.4.2.1.        Market Size & Forecast

8.4.2.1.1.           By Value & Volume

8.4.2.2.        Market Share & Forecast

8.4.2.2.1.           By Types

8.4.2.2.2.           By Source

8.4.2.2.3.           By End Use

8.4.3.    South Korea Recycled Polyethylene Terephthalate Market Outlook

8.4.3.1.        Market Size & Forecast

8.4.3.1.1.           By Value & Volume

8.4.3.2.        Market Share & Forecast

8.4.3.2.1.           By Types

8.4.3.2.2.           By Source

8.4.3.2.3.           By End Use

8.4.4.    Japan Recycled Polyethylene Terephthalate Market Outlook

8.4.4.1.        Market Size & Forecast

8.4.4.1.1.           By Value & Volume

8.4.4.2.        Market Share & Forecast

8.4.4.2.1.           By Types

8.4.4.2.2.           By Source

8.4.4.2.3.           By End Use

8.4.5.    Thailand Recycled Polyethylene Terephthalate Market Outlook

8.4.5.1.        Market Size & Forecast

8.4.5.1.1.           By Value & Volume

8.4.5.2.        Market Share & Forecast

8.4.5.2.1.           By Types

8.4.5.2.2.           By Source

8.4.5.2.3.           By End Use

8.4.6.    Vietnam Recycled Polyethylene Terephthalate Market Outlook

8.4.6.1.        Market Size & Forecast

8.4.6.1.1.           By Value & Volume

8.4.6.2.        Market Share & Forecast

8.4.6.2.1.           By Types

8.4.6.2.2.           By Source

8.4.6.2.3.           By End Use

8.4.7.    Australia Recycled Polyethylene Terephthalate Market Outlook

8.4.7.1.        Market Size & Forecast

8.4.7.1.1.           By Value & Volume

8.4.7.2.        Market Share & Forecast

8.4.7.2.1.           By Types

8.4.7.2.2.           By Source

8.4.7.2.3.           By End Use

9.    South America Recycled Polyethylene Terephthalate Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Types

9.2.2.    By Source

9.2.3.    By End Use

9.2.4.    By Country

9.3.  Pricing Analysis

9.4.  South America: Country Analysis

9.4.1.    Brazil Recycled Polyethylene Terephthalate Market Outlook

9.4.1.1.        Market Size & Forecast

9.4.1.1.1.           By Value & Volume

9.4.1.2.        Market Share & Forecast

9.4.1.2.1.           By Types

9.4.1.2.2.           By Source

9.4.1.2.3.           By End Use

9.4.2.    Argentina Recycled Polyethylene Terephthalate Market Outlook

9.4.2.1.        Market Size & Forecast

9.4.2.1.1.           By Value & Volume

9.4.2.2.        Market Share & Forecast

9.4.2.2.1.           By Types

9.4.2.2.2.           By Source

9.4.2.2.3.           By End Use

10. Middle East and Africa Recycled Polyethylene Terephthalate Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value & Volume

10.2.             Market Share & Forecast

10.2.1. By Types

10.2.2. By Source

10.2.3. By End Use

10.2.4. By Country

10.3.             Pricing Analysis

10.4.             MEA: Country Analysis

10.4.1. South Africa Recycled Polyethylene Terephthalate Market Outlook

10.4.1.1.     Market Size & Forecast

10.4.1.1.1.         By Value & Volume

10.4.1.2.     Market Share & Forecast

10.4.1.2.1.         By Types

10.4.1.2.2.         By Source

10.4.1.2.3.         By End Use

10.4.2. Saudi Arabia Recycled Polyethylene Terephthalate Market Outlook

10.4.2.1.     Market Size & Forecast

10.4.2.1.1.         By Value & Volume

10.4.2.2.     Market Share & Forecast

10.4.2.2.1.         By Types

10.4.2.2.2.         By Source

10.4.2.2.3.         By End Use

10.4.3. UAE Recycled Polyethylene Terephthalate Market Outlook

10.4.3.1.     Market Size & Forecast

10.4.3.1.1.         By Value & Volume

10.4.3.2.     Market Share & Forecast

10.4.3.2.1.         By Types

10.4.3.2.2.         By Source

10.4.3.2.3.         By End Use

11. Market Dynamics

11.1.             Drivers

11.1.1. Increasing demand from the food & beverage industry

11.1.2. Stringent laws and regulations by governments

11.1.3. Reduce CO2 emission and require less energy for production

11.2.             Challenges

11.2.1. High cost of recycled plastics 

11.2.2. Absence of a proper framework for plastic waste management

12. Market Trends & Developments

12.1.             Increasing demand for Recycled Polyethylene Terephthalate from food &           packaging maintain hygienic

12.2.             Consumer behaviors shifting towards sustainability

13. Global Recycled Polyethylene Terephthalate Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1.             Competition in the Industry

14.2.             Potential of New Entrants

14.3.             Power of Suppliers

14.4.             Power of Customers

14.5.             Threat of Substitute Products

15. Competitive Landscape

15.1.             Business Overview

15.2.             Product Offerings

15.3.             Recent Developments

15.4.             Financials (As Reported)

15.5.             Key Personnel

15.6.             SWOT Analysis

15.6.1. Placon Corp

15.6.2. Keenpro Industry Corp.

15.6.3. Plastipak Industries Inc.

15.6.4. Clear Path Recycling LLC.

15.6.5. Indorama Ventures Public Company Limited.

15.6.6. Verdeco Recycling Inc.

15.6.7. Loop Industries, Inc.

15.6.8. PolyQuest, Inc.

15.6.9. EvergreenTogether

15.6.10.              Alpek SAB de CV

Strategic Recommendations

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