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Recycled PET Market worth $21.61 billion by 2030, growing at a CAGR of 7.50% - Exclusive Report by 360iResearch
Recycled PET Market | 360iResearch
The Global Recycled PET Market to grow from USD 13.02 billion in 2023 to USD 21.61 billion by 2030, at a CAGR of 7.50%.
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Recycled polyethylene terephthalate (rPET) in a PET that has been collected, sorted, cleaned, and reprocessed into new products. It is a widely used type of plastic recognized for its strong, lightweight, and recyclable properties. The escalating global concern for environmental sustainability amid growing volumes of plastic waste has resulted in substantial advancements in the sector of recycled plastics, including PET. The growing focus on the circular economy and government initiatives to encourage the collection and recycling of PET products are leading to the accelerated use of recycled PET in various end-use applications. However, contamination quality issues and complexities in recycling PET waste may adversely impact the end-use sectors' use of recycled PET products globally. Moreover, technological advancements in the recycling process and expanding applications of recycled PET in the textile and automotive sectors are expected to encourage the growth of the recycled PET market worldwide.
The recycled PET market is evolving in the Americas owing to the increased consumption and recycling rates, stringent government regulations on waste management, and a robust recycling infrastructure of PET. The focus of Europe on sustainability practices exhibits a mature market for recycled PET. The Middle East and Africa region presents a nascent stage for the recycled PET market with government initiatives to reduce plastic waste and promote recycling. The recycled PET market is growing in the Asia-Pacific region, driven by emerging improving waste management infrastructures and the adoption of innovative recycling technologies. Additionally, the integration of breakthrough technologies, including artificial intelligence in the recycling process, can enhance the quality of recycled PET products.
Market Segmentation & Coverage:
This research report categorizes the Recycled PET Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across rPET Chips, rPET Flakes, and rPET Pelletes. The rPET Flakes commanded largest market share of 36.65% in 2023, followed by rPET Pelletes.
Based on Grade, market is studied across Food Grade and Industrial Grade. The Industrial Grade commanded largest market share of 64.08% in 2023, followed by Food Grade.
Based on Color, market is studied across Clear and Colored. The Colored commanded largest market share of 61.19% in 2023, followed by Clear.
Based on Collection Source, market is studied across Post-commercial, Post-consumer, and Post-industrial. The Post-consumer commanded largest market share of 41.11% in 2023, followed by Post-industrial.
Based on End-User, market is studied across Automotive, Food & Beverage, Packaging, and Textile. The Packaging commanded largest market share of 27.64% in 2023, followed by Food & Beverage.
Based on End-Products, market is studied across Containers & Vessels, Films & Sheets, Long Fiber, and Plastic Bottles. The Films & Sheets commanded largest market share of 27.86% in 2023, followed by Long Fiber.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.81% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Recycled PET Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Recycled PET Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Recycled PET Market, highlighting leading vendors and their innovative profiles. These include AeroFibre Pvt. Ltd., Agr International, Inc., Alliance Fibres Ltd., Aloxe Holding B.V., Alpek S.A.B. de C.V., Alpla Werke Alwin Lehner GmbH & Co KG, Amcor PLC, Berry Global, Inc., Dalmia Polypro Industries Pvt. Ltd., Dupont Teijin Films Limited, Eco Baltia group, Evergreen, Far Eastern New Century Corporation, Ganesha Ecosphere Ltd., Gravita India Limited, Green Group, Green Recycled&Modified Polymer Co Ltd., Indorama Ventures Public Company Limited, Intco, JB EcoTex Limited, JB rPET Industries Pvt. Ltd., KBR Inc., Langgeng Jaya Group, Libolon, Marglen Industries, Mitsubishi Chemical Corporation, Mura Technology Limited, NAPCOR, Neo Group, UAB, Nizza Plastics Company Ltd., Pashupati Group, Phoenix Technologies International, LLC, Placon Corporation, Plastipak Holdings, Inc., PolyQuest, Inc., PT. Hadtex, RM Corp., SLMG Beverages Pvt.Ltd., Srichakra PolyPlast, Suntory Holdings Limited, Vegware Limited, Veolia Environnement SA, Verdeco Recycling, and Zhejiang BoReTech Environmental Engineering Co., LTD.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Recycled PET Market, by Type
7. Recycled PET Market, by Grade
8. Recycled PET Market, by Color
9. Recycled PET Market, by Collection Source
10. Recycled PET Market, by End-User
11. Recycled PET Market, by End-Products
12. Americas Recycled PET Market
13. Asia-Pacific Recycled PET Market
14. Europe, Middle East & Africa Recycled PET Market
15. Competitive Landscape
16. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Recycled PET Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Recycled PET Market?
3. What is the competitive strategic window for opportunities in the Recycled PET Market?
4. What are the technology trends and regulatory frameworks in the Recycled PET Market?
5. What is the market share of the leading vendors in the Recycled PET Market?
6. What modes and strategic moves are considered suitable for entering the Recycled PET Market?
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