Recycled PET Chips Market Size, Status, Global Outlook 2021 To 2026 | CarbonLite Industries, Phoenix Technologies, Clean Tech Incorporated, Lung Shing InternationalThe Recycled PET Chips Market Perspective, Comprehensive Analysis along with Major Segments and Forecast, 2021-2026. The Recycled PET Chips market report is a valuable source of data for business strategists. The process for developing an updated forecast and creating the market report involves the compilation and analysis of all derivative or application sectors with a country-wise analysis of demand trends, taking into account the economic, political, and legislative environment. The report explores the current outlook in global and key regions from the perspective of players, countries, product types, and end industries. This Recycled PET Chips Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
Top Companies in the Global Recycled PET Chips Market
Clean Tech Incorporated, Phoenix Technologies, Clear Path Recycling, CarbonLite Industries, Greentech, Mohawk Industries Incorporated, Extrupet, Visy, PolyQuest, Evergreen Plastics, Lung Shing International, Suzhou Jiulong Recy & Tech, Longfu Recycling Energy Scientech, Verdeco Recycling, Kyoei Industry, Far Eastern Group, Wellpine Plastic Industical, 4PET RECYCLING BV, among others.
According to this study, over the next five years, the Recycled PET Chips market will register a 5.6%% CAGR in terms of revenue, the global market size will reach $ 10540 million by 2025, from $ 8478.6 million in 2019.
Recycling is the collection of used materials that would otherwise be waste to be broken down and remade into new products. Motivations for recycling include environmental sustainability and financial concerns sustainability because the reused material both prevents waste and reduces the consumption of new raw materials, and financial because it can be cheaper to produce different products from recycled materials. One of the main usages of this process is the recycling of polymer materials and wastes, especially those made up of polypropylene and polyester.
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This report focuses on Recycled PET Chips. PET, or polyethylene tephthalate, is semi-rigid to rigid, depending on thickness. It makes a good barrier method, especially for use in water bottles, soft and fizzy drink bottles, pots, tubs, oven-ready trays, jam jars soft drink bottles. PET can be produced in a thin film, such as that which is used to make Mylar. It is also used for flexible food packaging. When recycled, it is made into fiberfill, carpeting, or non-food containers and bottles.
Recycled PET (RPET) is a viable alternative to virgin PET and can be used in multiple applications. The main application of RPET chips is used to produce fiber, which can be further fabricated as textile or carpets. In 2017, fiber takes 83.27% of the total market share. Recycled PET chips can also be used to produce bottles, sheets, film, etc. Over the last several years, RPET has been successfully used in food packaging applications.
The price and demand for Recycled PET are greatly affected by the price of virgin PET chips. When the price of virgin PET chips goes up, the price of Recycled PET chips can also be lifted. The gross margin of the industry is not high due to the immature industry, as well as a low entry barrier. However, the market space of Recycled PET is huge, as recycle rate of waste bottles has been growing in both developed and developing countries. The Global Recycled PET Chips market size was 7765.03 million USD in 2017 and it will be 11187.38 million USD in 2024, with a Growth Rate of 5.35% from 2017 to 2024.
The Recycled PET Chips market can be divided based on product types and It’s sub-type, major applications and Third-Party usage area, and important regions
This report segments the global Recycled PET Chips Market based on Types are:
Based on Application, the Global Recycled PET Chips Market is Segmented into:
The report has 150 tables and figures browse the report description and TOC
Regions Are covered By Recycled PET Chips Market Report 2020 To 2025.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia, and Italy).
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia).
The report covers the following topics:
Recycled PET Chips Market data in term of volume and value for each end-use at regional and country level
Recycled PET Chips Market analysis for production capacity, demand, at regional and country level
Business opportunity assessment
Macro-economic factors like GDP, population, and world economic integration
Strategic issues and recommendations
Market analysis and forecasts from 2020 till 2025
Table Of Contents:
Chapter One: Introduction of Recycled PET Chips Industry
Chapter Two: Manufacturing Technology of Product
Chapter Three: Analysis of Global Key Manufacturers
Chapter Four: 2015-2020 Global Market of Recycled PET Chips
Chapter Five: Market Status of Industry
Chapter Six: 2020-2025 Market Forecast of Global Recycled PET Chips Industry
Chapter Seven: Analysis of Recycled PET Chips Industry Chain
Chapter Eight: Global Economic Impact on Market
Chapter Nine: Market Dynamics of Industry
Chapter Ten: Proposals for New Project
Chapter Eleven: Research Conclusions of Global Recycled PET Chips Market
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or 3 countries or nearly 40 analyst hours.
All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.
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