The global recycled polyethylene terephthalate (rPET) market is anticipated to surpas USD 12.7 billion by 2027 and the market is anticipated to display a CAGR of 8.2% during the forecast period 2020 to 2027.
Booming beverage industry in Asia Pacific countries such as China, India, Japan, South Korea, Vietnam, and Philippines has been stimulating the growth of the rPET market.
Recycled PET, also referred as recycled polyethylene terephthalate (rPET), is a synthetic compound prepared from used PET products that finds application in an extensive range of end-use businesses. The resins are manufactured from post-consumer PET bottle flakes and are one of the most stable forms of recycled PET.
Clear recycled polyethylene terephthalate (rPET) was the largest product type in the worldwide rPET industry in 2019. It is anticipated to retain its position through 2026 due to high need for bottles and sheets. The segment is extensively used in multiple applications for instance, in manufacture of resins and fibers.
Growing need for recycled polyethylene terephthalate (rPET) in the non-food sector is also projected to advantage the development of the industry over the prediction period. Increasing concerns concerning sustainability of natural resources in emerging countries of North America and Europe are expected to intensify the need for the product over the prediction period.
Spiralling need for food and non-food bottles across a large numeral of end-use businesses and improving financial conditions are the main factors fuelling the need for recycled polyethylene terephthalate (rPET) in Latin America. Growing per capita income, paired with increasing FMCG market, is helping the industry flourish in the region.
Fiber was the leading end-use segment in the worldwide recycled PET industry. It registers for 44.81% of the industry volume in 2019. High need from the FMCG, automobiles, consumer goods, clothing & accessories, telecom, textile, and home furnishing sectors is contributing to the development of the industry. Fiber is mainly used in making cushions, mattresses, insulation products and car seating.
Further key findings from the report suggest:
The Recycled Polyethylene Terephthalate market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Recycled Polyethylene Terephthalate market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Recycled Polyethylene Terephthalate market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Recycled Polyethylene Terephthalate market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Recycled Polyethylene Terephthalate market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Recycled Polyethylene Terephthalate capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Recycled Polyethylene Terephthalate by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Recycled Polyethylene Terephthalate market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Recycled Polyethylene Terephthalate market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Recycled Polyethylene Terephthalate market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Recycled Polyethylene Terephthalate industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Recycled Polyethylene Terephthalate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Recycled Polyethylene Terephthalate market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Recycled Polyethylene Terephthalate market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Recycled Polyethylene Terephthalate market. These factors have benefited the growth of the global market for Recycled Polyethylene Terephthalate. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Recycled Polyethylene Terephthalate. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
Placon; Clear Path Recycling LLC; Verdeco Recycling, Inc.; M&G Chemicals; Zhejiang Anshun Pettechs Fibre Co., Ltd.; PolyQuest; Evergreen Plastics, Inc.; Phoenix Technologies; and Libolon are the key manufacturers in the market. These companies are actively involved in the collection, processing of used plastics, and production of new rPET products and even distribution of the same.
Market players are focusing on provision of greater quality products to retain customer loyalty, since low switching costs and product differentiation have reduced supplier power in recent years. Companies are thus actively engaged in product development and research, technological advancements, and even strategic collaborations to consolidate their position in the global market.
Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2027)
End-use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2027)
Sheet and Film
Food & Beverage Containers and Bottles
Non-Food Containers and Bottles
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2027)
Rest of Europe
Rest of APAC
Rest of Latin America
Middle East & Africa
Rest of MEA
In this study, the years considered to estimate the market size of Recycled Polyethylene Terephthalate are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are: