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Global Recycled Polyethylene Terephthalate Market 2024 Growth Rate, Latest Trends, Industry Insights And Forecast To 2033 | Major Players Are Placon Corporation, Antares Chem Private Limited, BariQ Ltd., Clear Path Recycling LLC, Evergreen Plastic Contain
The Business Research Company presents an extensive market research report on the Recycled Polyethylene Terephthalate Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The recycled polyethylene terephthalate market size has grown strongly in recent years. It will grow from $9.89 billion in 2023 to $10.84 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to demand for sustainable and recycled plastics, growth in beverage and food packaging, expansion of pet recycling infrastructure, development of rpet manufacturing processes, regulatory standards for plastic recycling..
The recycled polyethylene terephthalate market size is expected to see strong growth in the next few years. It will grow to $15.6 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to customized rpet solutions for specific product applications, integration of rpet in 3d printing and additive manufacturing, sustainable and circular economy practices in rpet production, expansion in the automotive sector for rpet components, adoption of rpet in cosmetics and personal care packaging.. Major trends in the forecast period include regulatory compliance in rpet safety and recycling standards, smart and traceable rpet products, personalized rpet solutions for brands and consumers, transparency in rpet material sourcing and supply chain, integration of ai for quality control in rpet production..
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Key Market Players:
Placon Corporation, Antares Chem Private Limited, BariQ Ltd., Clear Path Recycling LLC, Evergreen Plastic Container Inc., Indorama Ventures Public Company Limited, Lealea Enterprise Co. Ltd., M&G Chemicals S.A, Montello Spa, Phoenix Technologies Ltd., PolyQuest Inc., Verdeco Recycling Midwest Inc., Zhejiang Anshun Pettechs Fibre Co. Ltd.,,, Alpek SAB de CV, Cooperativa Central Aurora Alimentos Ltd., CarbonLite Industries LLC, Denton Plastics Inc., Extrupet Pty Ltd., Loop Industries Inc., LyondellBasell Industries NV, MFX do Brasil Equipamentos de Petróleo Ltd., Mohawk Industries Inc., PetStar Holding Company SA, Plastipak Holdings Inc., Polindo Utama, rPlanet Earth, Starlinger & Co. GmbH, The Coca-Cola Company, UltrePET LLC, Unifi Inc., Vanden Global Ltd., Verallia UK Ltd., Wellman Plastics Recycling LLC are prominent players in the industry.
Market Drivers:
The increase in demand for sustainable packaging solutions is driving the growth of the recycled polyethylene terephthalate market. According to Placon, the leading designer and manufacturer of plastic thermoforming and injection-molded packaging, the coming decade will see the collection of post-consumer beverage bottles reach close to 100%. Recycling is critical to a sustainable future as it delivers fewer greenhouse gases and generates less waste. Global brands are including more and more recycled content in their packaging to meet consumer demands. The most popular and widely used brands, like Coca-Cola, PepsiCo, Unilever, Danone, and Nestle, have all made commitments to include up to 100% recycled plastic in their packaging. These companies recognize the value of PET, not just from an economical standpoint but also from a holistic sustainability standpoint. Major FMCG (fast-moving consumer goods) brands such as PepsiCo, Nestle, Coca-Cola, Mars, and Unilever are challenging their suppliers to achieve the target of 100% compostable, reusable, and recyclable packaging by 2025.
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https://www.thebusinessresearchcompany.com/report/recycled-polyethylene-terephthalate-global-market-report
Market Segments Include:
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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