Recycled PET Market to Exceed Valuation of US$ 11.9 Bn by 2031

𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐄𝐓 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

Transparency Market Research delivers key insights on the global recycled PET market. In terms of revenue, the global recycled PET market is estimated to expand at a CAGR of ~7% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global recycled PET market.

𝐑𝐞𝐚𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 -https://www.transparencymarketresearch.com/recycled-pet-market.html

Easier access to virgin PET and decreasing prices of virgin PET are projected to hamper the global recycled PET market during the forecast period. The price of recycled PET was higher than virgin PET in 2019. PET recycling is energy and water consuming process as compared to other polyester materials prepared from crude oil. On the other hand, it is a resource-efficient process, which helps reduce energy consumption by 50% and CO2 emissions by 60%. Ban on PET bottles and government initiatives to recycle PET bottles across the globe are expected to augment the demand for recycled PET bottles in the near future.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=82056

𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐄𝐓 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬

Land and air pollution is hazardous to the health of people across the globe. According to the U.S. Environmental Protection Agency, the amount of plastic generated stood at 34.5 million tons in the U.S. in 2015. The amount of plastic recycled stood at 3.1 million tons, while 26 million tons of plastic ended up in landfills. Most plastic products end up in landfilling and littering. This becomes a major threat for the aquatic life. Additionally, most of the plastic is burnt in order to decrease the waste content present on the Earth. This is likely to increase the content of CO2 in atmosphere. Thus, various governments and regulatory bodies have banned the usage of plastic, particularly PET bottles, across the globe. Additionally, manufacturers of PET bottles are large in number. Therefore, government bodies have asked them to recycle these plastics. This is estimated to fuel the demand for recycled PET in the near future.
Landfill space is limited, and the conditions in landfills make it nearly impossible for anything, including plastic, to biodegrade. Recycling plastic water bottles helps conserve space that can be used for other waste. Recycling can also help reduce the number of plastic water bottles that end up as litter on roadways and water sources. The factors mentioned above are projected to boost the demand for recycled PET during the forecast period.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=82056

𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐄𝐓 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐬

Asia Pacific dominates the global recycled PET market. The recycled PET market in the region is anticipated to expand at a CAGR of more than 6.9% during the forecast period. High share of Asia Pacific can be ascribed to the presence of large number of manufacturers and end users across the region. China holds key share of the recycled PET market in Asia Pacific. India and Japan have introduced various waste recycling campaigns. The demand for recycled PET is high in Asia Pacific, primarily due to factors such as increase in governmental regulations and rise in penetration of new businesses in the region.
Europe is expected to offer lucrative opportunities to the recycled PET market during the forecast period due to the presence of a mature food industry in the region.

𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐄𝐓 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

The global recycled PET products market is consolidated with the presence of key players. Prominent players operating in the global recycled PET market are Phoenix Technologies International, LLC, Indorama Ventures Public Company Limited, UltrePET, LLC, ALPLA, CarbonLITE Industries LLC, JP Recycling Ltd, PETCO, Extrupet Group (Pty) Ltd, Evergreen Plastics, Inc., Verdeco Recycling, Inc., Seiu Japan Co., Ltd., Custom Polymers Inc., Marglen Industries, and PolyQuest.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 -
https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=82056

𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐄𝐓 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

Recycled PET Market, by Color
• Clear
• Colored
Recycled PET Market, by Grade
• Post-consumer Resin
• Post-commercial Resin
• Post-industrial Resin
Recycled PET Market, by Application
• Food & Beverage Bottles
• Non-food Bottles
• Fiber
• Sheets & Films
• Strapping
• Others (including Rope and Automotive Parts)
Recycled PET Market, by Region
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o Italy
o U.K.
o Netherlands
o Rest of Europe
• Asia Pacific
o China
o Taiwan
o Japan
o South Korea
o ASEAN
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East & Africa
o Israel
o GCC Countries
o Rest of Middle East & Africa

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭

Rohit Bhisey
Transparency Market Research Inc.
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This release was published on openPR.