Recycled PET

Recycled PET Market by Type (rPET Chips, rPET Flakes, rPET Pelletes), Grade (Food Grade, Industrial Grade), Color, Collection Source, End-User, End-Products - Global Forecast 2024-2030

360iResearch Analyst
Want to know more about the recycled pet market or any specific requirement? Ketan helps you find what you're looking for.
This free PDF includes market data points, ranging from trend analysis to market estimates & forecasts. See for yourself.

[191 Pages Report] The Recycled PET Market size was estimated at USD 13.02 billion in 2023 and expected to reach USD 13.99 billion in 2024, at a CAGR 7.50% to reach USD 21.61 billion by 2030.

Recycled PET Market
To learn more about this report, request a free PDF copy

Recycled polyethylene terephthalate (rPET) in a PET that has been collected, sorted, cleaned, and reprocessed into new products. It is a widely used type of plastic recognized for its strong, lightweight, and recyclable properties. The escalating global concern for environmental sustainability amid growing volumes of plastic waste has resulted in substantial advancements in the sector of recycled plastics, including PET. The growing focus on the circular economy and government initiatives to encourage the collection and recycling of PET products are leading to the accelerated use of recycled PET in various end-use applications. However, contamination quality issues and complexities in recycling PET waste may adversely impact the end-use sectors' use of recycled PET products globally. Moreover, technological advancements in the recycling process and expanding applications of recycled PET in the textile and automotive sectors are expected to encourage the growth of the recycled PET market worldwide.

Regional Insights

The recycled PET market is evolving in the Americas owing to the increased consumption and recycling rates, stringent government regulations on waste management, and a robust recycling infrastructure of PET. The focus of Europe on sustainability practices exhibits a mature market for recycled PET. The Middle East and Africa region presents a nascent stage for the recycled PET market with government initiatives to reduce plastic waste and promote recycling. The recycled PET market is growing in the Asia-Pacific region, driven by emerging improving waste management infrastructures and the adoption of innovative recycling technologies. Additionally, the integration of breakthrough technologies, including artificial intelligence in the recycling process, can enhance the quality of recycled PET products.

Type: Expanding use of rPET pellets in manufacturing of automotive components

The rPET chips are used as the primary raw material for a wide range of plastic products, including plastic bottles, containers, and clothing fibers. The usage of rPET chips is increasing in end-use applications due to their ability to reduce the environmental footprint and conservation of non-renewable resources, including petrochemicals, by reducing the need for virgin plastic production. rPET chips have similar physical and chemical properties as that of virgin PET, demonstrating their versatility in various end-use applications. rPET flakes are created through a process called cold washing and are used to manufacture fibers for textiles, insulation materials, automotive parts, and packaging sheets. Higher-grade rPET flakes provide similar performance to their virgin counterparts. rPET pellets, created through the extrusion process, are used to manufacture various plastic products. These pellets offer an eco-friendly solution for manufacturers across packaging, consumer goods, automotive, and construction industries. They have properties similar to original PET materials, thus ensuring the final product's improved performance or aesthetic appeal. rPET chips, flakes, and pellets serve unique roles in the production cycle, contributing to reducing environmental pollution and saving valuable resources.

Grade: Proliferating applications of food grade recycled polyethylene terephthalate (rPET)

Food-grade recycled polyethylene terephthalate (rPET) is a high-purity form of PET plastic that has been certified safe for use in food & beverage packaging. This grade of recycled PET undergoes stringent purification processes to remove contaminants and ensure that it complies with health and safety regulations, particularly implemented by the Food and Drug Administration (FDA) in the United States. The process involves washing, melting, and reforming the plastic into pellets or sheets, which are then used to create new food packaging containers. It requires special equipment and processes to ensure that the final rPTE product meets the required standards for direct food contact. Food-grade recycled PET is a sustainable alternative to virgin PET, helping reduce landfill waste and conserve resources while ensuring consumer safety. Industrial-grade recycled PET, derived from post-consumer or post-industrial sources, does not undergo the extensive purification process required for food-grade standards. This type of recycled PET is intended for non-food applications, such as carpeting fiber, clothing fabric, strapping materials, or automotive parts. Industrial grade rPET is vital in various manufacturing sectors by providing an environmentally friendly alternative to virgin plastic materials. Industrial-grade recycled PET must be carefully sorted and processed to ensure it is free from harmful contaminants before being repurposed into new products.

Color: Growing preference for clear recycled PET owing to its easy recycling procedure

Clear or transparent recycled PET is preferable in packaging applications requiring product visibility, such as beverage bottles and food packaging. Clear PET is a testament to the durability and resilience of the material. Colored recycled PET offers a visual and aesthetic advantage, with colors that can be customized according to the specific needs of a product or brand. Colored PET is frequently utilized in industries such as textiles, owing to its capability to maintain color intensity after multiple use and wash cycles. In addition, colored PET granules are employed in crafting a variety of consumer goods.

Collection Source: Increasing focus on recycling PET waste generated by post-commercial sources

Post-commercial sources refer to waste generated by businesses and services, including retail stores, restaurants, corporate offices, or any other commercial establishments that use or sell PET-based products. These commercial entities typically have recycling programs to collect, sort, and recycle PET waste, such as plastic containers, bottles, and packaging, which are later channeled to PET recycling plants. Post-consumer sources pertain primarily to household waste and are an imperative part of the recycling chain. Multi-family residential buildings, single-family residences, and public recycling bins are key collection points for post-consumer sources. Post-industrial sources relate to waste generated during PET product manufacturing, including PET waste produced in plastic product manufacturing facilities, including pellets, preforms, rejected bottles, and containers. Post-industrial PET waste holds a higher recycling value compared to post-consumer waste, as it is cleaner, more homogenous, and contamination-free.

End-User: Proliferating application of recycled PET in the food and beverage sector

The automotive industry reduces its reliance on new, non-recyclable materials by incorporating rPET into manufacturing components such as seat covers, carpets, and insulation in the automotive sector. The primary usage of rPET in the food & beverage sector is in producing packaging materials, such as bottles and food storage containers. Incorporating rPET into packaging helps food & beverage companies meet their sustainability goals and reduces the impact of industry on waste production. rPET plays a significant role in the packaging by making products more sturdy, lightweight, and resealable. rPET used in packaging, such as bags, pouches, and containers, offers a more sustainable and cost-effective solution than virgin PET and contributes to a positive public image for businesses due to a reduced environmental impact. The textile industry is a crucial end-user of rPET, used to manufacture a wide range of garments and home furnishing products. The industry can minimize its ecological impact and capitalize on the increasing consumer demand for environmentally conscious products by diversifying waste streams into viable raw materials.

End-Products: Evolving usage of recycled PET to create fibers

The demand for rPET is driven by consumer awareness and increasingly stringent regulations insisting on using recycled content in packaging. Recycled PET is extensively used in the textile industry to create fibers, spun into yarn for clothing, upholstery, and industrial applications. Staple fiber is used in a wide range of products, including fillers for cushions and thermal insulation, while filament fiber is primarily used in fabrics for the apparel industry. PET sheets are used in thermoforming for blister packs and clamshell packaging, while films are employed for food and non-food applications, including flexible packaging and photographic films. Recycled PET is used for strapping materials in packaging and securing goods for shipping and storage. Its durability and strength make it preferable over other materials. Furthermore, recycled PET is increasingly used in injection molding processes to create various molded products, including automotive parts, containers, and construction materials.

Market Dynamics

The market dynamics represent an ever-changing landscape of the Recycled PET Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Recycled PET Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Recycled PET Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Recycled PET Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Recycled PET Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Recycled PET Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Recycled PET Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Recycled PET Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Recycled PET Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Recycled PET Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Recycled PET Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Recycled PET Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Recycled PET Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Aloxe Inaugurates Its New Recycled Pet Plastic Manufacturing Plant in Messein

    Aloxe launched its state-of-the-art recycled PET plastic manufacturing facility in Messein, France. This new plant is a testament to the commitment of the company to sustainability and innovation in the petrochemical sector. The facility is equipped with advanced technology and poised to significantly enhance Aloxe's production capacity, enabling the company to meet the burgeoning demand for recycled PET. [Published On: 2023-11-19]

  • Indorama Completes Expansion of Recycling Facility in Brazil

    Indorama Ventures Public Company Limited successfully completed an extensive expansion project at its PET recycling facility in Brazil. The upgrade has significantly enhanced the plant's capacity, enabling the facility to process an additional 20,000 tons of post-consumer PET bottles annually. [Published On: 2023-10-08]

  • Greenback Acquires Enval in Chemical Recycling Combination

    Greenback Recycling strategically merged with Enval Technologies, an innovative firm specializing in advanced chemical recycling, to significantly enhance the process of recycling polyethylene terephthalate (PET) plastics. This strategic partnership aims to revolutionize the recycling landscape by integrating Enval Technologies' proprietary chemical recycling process, which effectively tackles the challenges of recycling complex plastic packaging. [Published On: 2023-09-19]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Recycled PET Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Recycled PET Market, highlighting leading vendors and their innovative profiles. These include AeroFibre Pvt. Ltd., Agr International, Inc., Alliance Fibres Ltd., Aloxe Holding B.V., Alpek S.A.B. de C.V., Alpla Werke Alwin Lehner GmbH & Co KG, Amcor PLC, Berry Global, Inc., Dalmia Polypro Industries Pvt. Ltd., Dupont Teijin Films Limited, Eco Baltia group, Evergreen, Far Eastern New Century Corporation, Ganesha Ecosphere Ltd., Gravita India Limited, Green Group, Green Recycled&Modified Polymer Co Ltd., Indorama Ventures Public Company Limited, Intco, JB EcoTex Limited, JB rPET Industries Pvt. Ltd., KBR Inc., Langgeng Jaya Group, Libolon, Marglen Industries, Mitsubishi Chemical Corporation, Mura Technology Limited, NAPCOR, Neo Group, UAB, Nizza Plastics Company Ltd., Pashupati Group, Phoenix Technologies International, LLC, Placon Corporation, Plastipak Holdings, Inc., PolyQuest, Inc., PT. Hadtex, RM Corp., SLMG Beverages Pvt.Ltd., Srichakra PolyPlast, Suntory Holdings Limited, Vegware Limited, Veolia Environnement SA, Verdeco Recycling, and Zhejiang BoReTech Environmental Engineering Co., LTD.

Recycled PET Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
Market Segmentation & Coverage

This research report categorizes the Recycled PET Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • rPET Chips
    • rPET Flakes
    • rPET Pelletes
  • Grade
    • Food Grade
    • Industrial Grade
  • Color
    • Clear
    • Colored
  • Collection Source
    • Post-commercial
    • Post-consumer
    • Post-industrial
  • End-User
    • Automotive
    • Food & Beverage
    • Packaging
    • Textile
  • End-Products
    • Containers & Vessels
    • Films & Sheets
    • Long Fiber
    • Plastic Bottles

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Recycled PET Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Recycled PET Market, by Type
  7. Recycled PET Market, by Grade
  8. Recycled PET Market, by Color
  9. Recycled PET Market, by Collection Source
  10. Recycled PET Market, by End-User
  11. Recycled PET Market, by End-Products
  12. Americas Recycled PET Market
  13. Asia-Pacific Recycled PET Market
  14. Europe, Middle East & Africa Recycled PET Market
  15. Competitive Landscape
  16. Competitive Portfolio
  17. List of Figures [Total: 28]
  18. List of Tables [Total: 556]
  19. List of Companies Mentioned [Total: 44]
The Importance of Recycled PET in Reducing Plastic Waste
July 5, 2023
The Importance of Recycled PET in Reducing Plastic Waste
There is no doubt that plastic waste is a significant problem across the globe. The excess amount of plastic waste generated daily is a significant threat to the environment, as it takes years to decompose and poses a severe problem for wildlife. However, recycling has emerged as an excellent solution to combat the effects of plastic waste. One significant component of recycling is Recycled Polyethylene Terephthalate (PET). In this blog post, we will explore the importance of recycled PET in reducing plastic waste, considering the regulations and policies governments implement worldwide.

Recycled PET is used in many applications, including fibers for clothing and textiles such as shirts, jackets, and upholstery, and is also utilized to manufacture plastic bottles commonly found in soda and water bottles. Recycling PET bottles helps conserve natural resources, reduce greenhouse gas emissions, and prevent plastic waste from polluting the environment. Furthermore, if recycled PET is used to produce newer products, it can reduce our reliance on fossil fuels used in large quantities to produce new plastic products.

Governments worldwide have taken measures to promote PET recycling. In the European Union, for example, regulations require manufacturers of PET products to use recycled PET, in percentages ranging from 25% - 50%. In the United States, the Environmental Protection Agency (EPA) is playing an active role in encouraging the recycling of PET, providing recycling grants to businesses, and working with states to increase recycling rates. Governments are also implementing policies to encourage consumers to recycle. Japan, for instance, has a container return system that motivates citizens to recycle used PET bottles and cans and rewards them with discounts when they return them.

Apart from the environmental benefits, recycled PET contributes positively to the economy. It encourages job creation and generates revenue streams. Recycling companies employ people to collect, sort, and process used plastics, and the production of new PET products creates additional jobs in manufacturing, transport, and sales. Therefore, recycling PET creates jobs throughout the supply chain.

Recycled PET also plays a role in reducing ocean waste. Recycled PET can reduce this figure by preventing the production of new plastic bottles, and since PET is one of the most commonly used plastics in the world, recycling it can have a considerable impact.

Recycled PET is an essential tool in our mission to reduce plastic waste. Governments worldwide have recognized the importance of recycling and are implementing policies and regulations that encourage businesses and consumers to adopt sustainable practices. Recycling has numerous environmental and economic benefits, and it plays a crucial role in reducing ocean waste. Therefore, we should all strive to adopt recycling practices to reduce our reliance on plastic and promote sustainability for our planet.

Frequently Asked Questions
  1. How big is the Recycled PET Market?
    Ans. The Global Recycled PET Market size was estimated at USD 13.02 billion in 2023 and expected to reach USD 13.99 billion in 2024.
  2. What is the Recycled PET Market growth?
    Ans. The Global Recycled PET Market to grow USD 21.61 billion by 2030, at a CAGR of 7.50%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
  4. In what format does this report get delivered to me?
    Ans. We will send you an email with login credentials to access the report. You will also be able to download the pdf and excel.
  5. How long has 360iResearch been around?
    Ans. We are approaching our 7th anniversary in 2024!
  6. What if I have a question about your reports?
    Ans. Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available and included in every purchase to help our customers find the research they need-when they need it.
  7. Can I share this report with my team?
    Ans. Absolutely yes, with the purchase of additional user licenses.
  8. Can I use your research in my presentation?
    Ans. Absolutely yes, so long as the 360iResearch cited correctly.