Recycled Polyethylene Terephthalate (PET) Market - Global Insights, Growth, Trends, Share and Industry Forecast 2025 | Top Key Players Verdeco Recycling, Polyquest, M & G Chemicals, Evergreen Plastics, Indorama Ventures Public Ltd, Ecostar Plastics

The Global Recycled Polyethylene Terephthalate (PET) Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR over next seven years 2019-2025 owing to rising awareness among general populace about plastic wastage

The global Recycled Polyethylene Terephthalate (PET) market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. The key factors that are responsible for the market growth include huge R&D investments, increasing awareness among general populace about plastic wastage and changing end-user perception towards sustainable sourcing of bottling materials. In addition, Asia Pacific is characterized by availability of a significant amount of skilled labor at low cost and easy availability of land.

Global Recycled Polyethylene Terephthalate (PET) market segmented on the basis of Product, End User and region.

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Fiber Dominate the Global Recycled Polyethylene Terephthalate (PET) Market

Based on the End User, global Recycled Polyethylene Terephthalate (PET) market segmented into Non-Food Containers and Bottles, Strapping, Fiber, Sheet and Film, Food & Beverage Containers and Bottles and Others. Fiber segment held significant market share is projected to grow extensively over the forecast period. High demand from the FMCG, consumer goods, automobiles, clothing & accessories, textile, telecom, and home furnishing sectors is contributing to the growth of the market. Fiber is predominantly used in making mattresses, cushions, car seating, and even insulation products. Increasing demand in these segments is expected to drive the demand for rPET.
Asia Pacific Leads the Global Recycled Polyethylene Terephthalate (PET) market

PBI’s global Recycled Polyethylene Terephthalate (PET) market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Asia Pacific was the leading revenue contributor. Asia Pacific is characterized by availability of a significant amount of skilled labor at low cost and easy availability of land. Shift in production landscape towards emerging economies, particularly China and India, is projected to positively influence the growth of the market over the forecast period

Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players

Global Recycled Polyethylene Terephthalate (PET) market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, the 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 towards provision of greater quality products to retain customer loyalty, since low switching costs and product differentiation have reduced supplier power in recent years.

Key player’s profiles in the report are Zhejiang Anshun Pettechs Fiber Co. Ltd (China), Verdeco Recycling (U.S), Polyquest (U.S), M & G Chemicals (Luxembourg), Indorama Ventures Public Ltd. (Thailand), Haiyan Haili Green Fiber Co., Ltd. (China), Evergreen Plastics (Ohio) and Ecostar Plastics (Placon) (U.S).

Precision Business Insights (PBI) in its report titled “Global Recycled Polyethylene Terephthalate (PET) Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.

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Detailed Segmentation

By Product
o Colored
o Clear
By End User
o Non-Food Containers and Bottles
o Strapping
o Fiber
o Sheet and Film
o Food & Beverage Containers and Bottles
o Others
Geography
o North America
• U.S
• Canada
o Europe
• Germany
• France
• U.K
• Italy
• Spain
• Russia
• Poland
• Rest of Europe
o Asia-Pacific
• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Brazil
• Mexico
• Argentina
• Venezuela
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA

Key Features of the Report:

1. The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
2. The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
3. The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
4. The report tracks recent innovations, key developments and startup’s details that are actively working in the market
5. The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
6. The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

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This release was published on openPR.