Recycled PET Market Share and Growth 2022 Top Manufacturers, Recent Developments, Forecast to 2030

The Recycled PET market crossed US$ 9.4 billion mark in 2022 and is expected to hit US$ 14.3 billion by 2030, recording an approximate CAGR of 5.4% during the forecast period.

Recycled PET is widely used to manufacture food-grade packaging materials such as bottles, containers, and trays. Recycled PET offers similar performance to virgin resin which is driving its demand in the food packaging industry. The food & beverages industry is witnessing tremendous growth due to rising population, increasing demand for packaged food and beverages, and rising disposable income of consumers. With rapid growth of the food & beverages industry, the manufacturers are also focusing on sustainability and reducing their carbon footprints. Therefore, they are increasing the recycled content in their packaging to contribute to the circular economy. Thus, this factor is driving the demand for recycled PET which is thereby propelling the market growth.Within the report, the market is segmented into type, end-use industry, and geography. By type, the market is segmented into natural and synthetic. Based on end-use industry, the market is segmented into agriculture, petrochemical, water treatment, building & construction, personal care, and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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The Key Players during this market are:

Indorama Venturers Public Limited
Biffa
Far Eastern New Century Corporation
Plastipak Holding Inc.
Alpek

Analysis of the Top Market Players:

Competition may be a major subject in any marketing research analysis. This is a report provided with the help of the competitive analysis provided the players can simply study key strategies adopted by leading players in the Recycled PET market till 2030. Major and emerging players of the market are closely studied taking into consideration their market share, product portfolio, revenue, sales growth, and other significant factors. This will help players to become familiar with the moves of their top competitors within the market.

In this report, the market has been segmented on the basis of:

Grade:
Post-Consumer Resin
Post-Commercial Resin
Post-Industrial Resin

Application:
Fiber
Containers & Bottles
Sheets
Strapping
Others

Scope of Recycled PET Market during 2022 to 2030:

Recycled PET Market report evaluates the growth rate and the market value based on market dynamics, growth inducing factors. Complete knowledge is based on the latest industry news, opportunities, and trends. The report contains a comprehensive market research and vendor landscape in additionally to a SWOT analysis of the key vendors.

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Key Highlights of the Recycled PET Market Research Report:

The report summarizes the Recycled PET Market by stating the basic product definition, applications, product scope, product price and value, supply and demand ratio, and market summery.
Competitive landscape of all leading key players together with their business strategies, approaches, and latest Recycled PET market movements.
It elements market feasibility investment, opportunities, growth factors, restraints, market risks, and Recycled PET business driving forces.
It performs a comprehensive study of emerging players within the Recycled PET business together with the present ones.
It accomplishes primary and secondary analysis and resources to estimate top products, market size, and industrial partnerships of Recycled PET business.
Recycled PET market report ends by articulating research findings, data sources, and results, list of dealers, sales channels, businesses, and distributors along with an appendix.
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Key Questions | Answered included in Sample Report:

-What will the market size be in 2030 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

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