Press release
Recycled Polyethylene Terephthalate Market 2023 : Trends, Business Growth And Major Driving Factors | Placon Corporation, Verdeco Recycling Midwest Inc., Montello Spa, Antares Chem Private Limited
Recycled Polyethylene Terephthalate Market
As per the recycled polyethylene terephthalate market report by The Business Research Company, the increase in demand for sustainable packaging solutions is driving the growth of the recycled polyethylene terephthalate market.
The global recycled polyethylene terephthalate market size grew from $9.01 billion in 2022 to $9.81 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The recycled polyethylene terephthalate market size is expected to grow to $13.67 billion in 2027 at a CAGR of 8.7%.
Read More On The Recycled Polyethylene Terephthalate Market Report Here:
https://www.thebusinessresearchcompany.com/report/recycled-polyethylene-terephthalate-global-market-report
Major players in the recycled polyethylene terephthalate market are Placon Corporation, Verdeco Recycling Midwest Inc., Montello Spa, Antares Chem Private Limited, Indorama Ventures Public Company Limited, Zhejiang Anshun Pettechs Fibre Co. Ltd., PolyQuest Inc., Evergreen Plastics, Phoenix Technologies Ltd., M&G Chemicals S.A, LIBOLON, Clear Path Recycling LLC, BariQ, M&G Chemicals S.A., and OCTAL.
The Recycled Polyethylene Terephthalate market is segmented -
1) By Product: Clear, Colored
2) By Application: Fiber, Sheet and Film, Strapping, Food & Beverage Containers and Bottles, Non-Food Containers and Bottles
3) By End-Use Industry: Packaging, Electrical & Electronics, Automotive, Construction
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Polyethylene terephthalate (PET) is a recyclable plastic resin. It is actually a polyester, created by the mixture of two monomers, namely, modified ethylene glycol and purified terephthalic acid. PET is often recycled into new PET containers, carpet, clothing, protective packaging, industrial strapping, automotive parts, construction materials, tennis balls, and tennis ball canisters.
The Table Of Content For The Recycled Polyethylene Terephthalate Market Include:
1. Executive Summary
2. Recycled Polyethylene Terephthalate Market Characteristics
3. Recycled Polyethylene Terephthalate Market Trends And Strategies
4. Recycled Polyethylene Terephthalate Market - Macro Economic Scenario
5. Recycled Polyethylene Terephthalate Market Size And Growth
……
27. Recycled Polyethylene Terephthalate Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Recycled Polyethylene Terephthalate Market
29. Recycled Polyethylene Terephthalate Market Future Outlook and Potential Analysis
30. Appendix
The "Global Recycled Polyethylene Terephthalate Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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