Recycled Polyethylene Terephthalate Market Development Status, Trending Technologies, Competition Analysis, Type and Application by 2028

 Recycled Polyethylene Terephthalate Industry Overview

The global recycled polyethylene terephthalate market size was valued at USD 8.56 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.7% from 2021 to 2028.

The market growth is primarily driven by changing consumer behavior towards sustainability. In addition, a ban on landfills introduced in several developed countries in North America and Europe is likely to drive the product demand over the forecast period. The primary factor driving Recycled Polyethylene Terephthalate (rPET) demand in North America is its broad application scope in several key application industries, such as FMCG, consumer goods, clothing & textile, and automotive. Various government initiatives regarding the recycling of plastics coupled with high investments have resulted in a decent rPET market in the region.

Despite significant investments, most post-consumer PET bottles are majorly exported to Southeast Asian countries for recycling and then re-imported to the respective country in North America in the form of new bottles produced from recycled PET.

Gather more insights about the market drivers, restrains and growth of the Global Recycled Polyethylene Terephthalate Market

According to the World Economic Forum, the outbreak of COVID-19 has made plastic waste management and recycling more complex as the demand for single-use Personal Protective Equipment (PPE) has increased. The mismanagement of infectious plastic waste is posing a major challenge to plastic recycling.

Initiatives such as How2Recycle by GreenBlue, a non-profit environmental organization working toward spreading awareness about the recycling process, its benefits, and impact on the environment, will support market growth. In addition, GreenBlue is working with over 220 companies and providing sustainable packaging designs.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

  • Textile Market: The global textile market size was valued at USD 993.6 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030.
  • Plastic Packaging Market: The global plastic packaging market size was valued at USD 348.08 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2021 to 2028. Rapidly growing key application industries including food & beverages, pharmaceuticals, and personal & household care are driving the product demand.

Recycled Polyethylene Terephthalate Market Segmentation

Grand View Research has segmented the global recycled polyethylene terephthalate market on the basis of product, end-use, and region:

  • Recycled Polyethylene Terephthalate (rPET) Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028
    • Clear
    • Colored
  • Recycled Polyethylene Terephthalate (rPET) End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028
    • Fiber
    • Sheet and Film
    • Strapping
    • Food & Beverage Containers and Bottles
    • Non-Food Containers and Bottles
    • Others 
  • Recycled Polyethylene Terephthalate (rPET) Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)
  • North America
  • S.
  • Canada
  • Europe
  • Germany
  • Sweden


Market Share Insights

  • 2 December 2020: PepsiCo commits to 100 percent recycled plastic for its bottles in Europe
  • PET Resin Association has reiterated that food and beverage containers made from the polyester plastic known as PET do not contain Bisphenol-A (BPA).


Key Companies profiled:

  • PLACON
  • Clear Path Recycling LLC
  • Verdeco Recycling, Inc.
  • M&G Chemicals
  • Zhejiang Anshun Pettechs Fibre Co., Ltd.
  • PolyQuest
  • Evergreen Plastics, Inc.
  • Phoenix Technologies
  • Libolon

 Order a free sample PDF of the Recycled Polyethylene Terephthalate Market Intelligence Study, published by Grand View Research.

 About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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