Recyclate PET Market Detailed Business Analysis and Industry Recent Status 2020-2025

Global Recyclate PET Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

The market for recyclate PET (rPET) is expected to record a CAGR of above 7%, during the forecast period. The major factors driving the growth of the market studied are the growing emphasis on sustainability among the consumer and packaging products, and increasing demand from the textile industry. On the flip side, lower profit margins in the industry are expected to hamper the growth of the market.

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Market By Top Companies:

Centriforce Products Ltd, Clean Tech UK Ltd, Dennison Ltd, DS Smith, DutchPetRecycling, Foss Manufacturing LLC, G.E.T Recycling Co. Ltd, JFC Plastics Ltd, Krones AG, Libolon, Lotte Chemicals, M&G Chemicals, Petco.co.za, Phoenix Technologies, Placon (Ecostar), PolyQuest, Reliance Industries Limited, Repro-PET, UltrePET LLC, Verdeco Recycling Inc.

Industry Research Coverage

Industrial Yarn Segment to Dominate the Market Demand

- The industrial yarn segment is the largest consumer of recyclate PET, accounting for almost 50% of the market demand.
- The material of rPET is used to spin fibers of small diameters, which are woven into "polar" fleece fabric, used for sweatshirts, jackets, and scarves.
- These fabrics contain up to 100% of the recycled material, along with waterproofing. The polar fleece jackets use up to 25 recycled PET bottles.
- The rPET yarn uses 94% less water, as compared to oil-based PET fibers. Additionally, the production process requires 60% less energy, along with a reduction of 32% in CO2 emissions.
- The demand for rPET in textile applications has seen a period of decline. However, it is expected to show a good increase, over the forecast period, in response to EU initiatives that actively promote circular economy and green development models.
- For instance, WRAP, an initiative of the European Clothing Action Plan, is working closely with governments, businesses, and communities, in order to achieve certain targets by 2020.

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Major points covered in this research are:-

-Recyclate PET Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2023), Competition by Manufacturers

-Global Market Size (Value) of Recyclate PET (2020-2023)

-Global Recyclate PET Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2023)

-Global Recyclate PET Production, Revenue (Value), Price Trend by Type

-Global Recyclate PET Market Analysis by Application

-Global Recyclate PET Manufacturers Profiles/Analysis

-Recyclate PET Manufacturing Cost Analysis

-Industrial Chain, Sourcing Strategy and Downstream Buyers

-Marketing Strategy Analysis, Distributors/Traders

-Market Effect Factors Analysis

-Global Recyclate PET Market Forecast (2020-2023)

-Competitive Landscape

-Research Findings and Conclusion

Finally, this Recyclate PET report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Recyclate PET product development and gives an outline of the potential Global market.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.