Recycled Polyethylene Terephthalate Market (RPET) Packaging Market would Increase at a CAGR of 4.10% by 2028

The Recycled Polyethylene Terephthalate Market (RPET) Packaging Market would increase at a CAGR of 4.10% from 2021 to 2028, reaching an anticipated value of USD 21.56 billion. The packaging market for recycled polyethylene terephthalate (RPET) is developing as a result of growing applications for RPET fibre in the packaging sector.

The extensively used polymer polyethylene terephthalate is commonly referred to as PETE or PET. It is a naturally translucent plastic that is extensively used for everyday items. Recycled-PET is frequently used in the packaging of food and drink, medicines, cosmetics, and electrical items because of its abilities to inhibit the growth of mould, fungus, and bacteria.

Growing consumer awareness of plastics recycling combined with favourable government regulations regarding plastics recycling, low production cost of recycling polyethylene as compared to other polymers, rising product consumption for the end-user application, and rising demand for bottled beverages are all important factors accelerating the market growth.

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Recycled Polyethylene Terephthalate Market (RPET) Packaging Market Scope and Market Size

Based on type, the recycled polyethylene terephthalate market (RPET) packaging market is segmented into clear and colored.
The recycled polyethylene terephthalate market (RPET) packaging market is also segmented on the basis of end-user industry into fibers, sheets and films, strapping, food-grade bottle and containers, non-food-grade bottle and containers and others.

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