Recycled PET Market | Key players operating in the market include Biffa, Alpek, OCTAL, Evergreen, PLACON

The report "Recycled PET Market by Type (Flakes, Chips), Grade (Grade A, Grade B), Source (Bottles & Containers, Films & sheets), Application ( Bottles, fiber, Sheets, Strapping), and Region (APAC, North America, Europe, MEA, South America)- Global Forecast to 2026", size is expected to grow from USD 8.9 billion in 2021 to USD 11.7 billion by 2026, at a CAGR of 5.7% during the forecast period. The driving factor for the recycled PET market is the increasing penetration of recycled PET in the bottles, sheets, fiber and other applications throughout the world. An increasing trend in terms of collection, domestic recycling, recovery of PET, export of PET waste, and implementation of legislative regulations has been witnessed in the market for RPET. These activities have contributed significantly to the growth in demand for RPET in various applications such as food & beverage bottles, textile fiber, and strapping.

Browse 504 market data Tables and 41 Figures spread through 287 Pages and in-depth TOC on "Recycled PET Market"

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Bottles is expected to be the largest and fastest-growing application in the Recycled PET market during the forecast period.

Bottle is the largest and fastest-growing fastest-growing application segment in the recycled PET market. Increasing demand for RPET bottles in food & beverage packaging is driving the market. Growth of this segment is attributed to the rising demand for bottle to bottle recycling across the world. It accounted for a share of about 36.5% of the recycled PET market, in terms of value, in 2020.

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APAC is expected to hold the largest market share in the global recycled PET market during the forecast period.

APAC is the largest and market of recycled PET, with China being the major emerging market. APAC accounted The growth is due to the growing demand from bottles, sheets, fiber and other applications throughout the world. An increasing trend in terms of collection, domestic recycling, recovery of PET, export of PET waste, and implementation of legislative regulations has been witnessed in the market for RPET. These activities have contributed significantly to the growth in demand for RPET in various applications such as food & beverage bottles, textile fiber, and strapping. It accounted for a share of about 43.6% of the recycled PET market, in terms of value, in 2020.

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Indorama Ventures Public Limited (Thailand), Biffa (UK), Far Eastern New Century Corporation (Taiwan), Plastipak Holdings Inc (US), Alpek (Mexico), among others. are the leading recycled PET manufacturers, globally.

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