Recycled Polyester Filament Yarn Market Share, Industry Analysis & Forecast Report 2024-2029.

According to the latest research report published by Market Data Forecast, the global recycled polyester filament yarn market was worth US$ 58.79 billion in 2023 and is anticipated to reach a valuation of US$ 90.73 billion by 2029 and it is predicted to register a CAGR of 7.5% during the forecast period 2024-2029.

Polyester is one of the most commonly used petroleum-based synthetic fabrics. In addition to being one of the most widely used textiles in the world, this material is also used in industry as well as in consumer goods. In the majority of cases, synthetic polyester fibers and some plant-based polyester fibers are made of ethylene, which is a component of petroleum that can also be derived from other sources.

Global Recycled Polyester Filament Yarn Market Report Scope:

• Market Size (2029): USD 90.73 Billion
• Market Size (2023): USD 8.79 Billion
• CAGR (2024 to 2029): 7.5%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: Raw Materials, Type, Application, and Geography
• Geographies Covered: North America, Europe, APAC, Latin America, and Middle East & Africa
• Key Market Players Profiled: Rongsheng Petro Chemical, Reliance Industries, Sinopec Yizheng Chemical Fibre, Indorama Ventures, Swicofil, Alpek S.A.B., Unifi, Inc., Polygenta, Toray Industries, Libolon, and Others.

Market Drivers:

Customer's perceptions of plastic garbage are changing, and their increased knowledge is igniting a movement among them. Also, recycling rates are rising because people become more aware of the issue and have taken the initiative to cut down on plastic trash. Also, the growing consumer awareness of sustainability is driving demand for recyclable packaging. This is supporting a circular economy focused on reuse and recycling. Producing goods from recycled PET requires about half the energy and emits less CO2 than other methods, making it an environmentally benign process. Recycled PET offers a better ecological balance than virgin PET, making it 75 percent more environmentally benign, according to the Swiss Climate report. Large companies, like PepsiCo, which intends to recycle 75 percent of its packaging waste by 2030, and Evian, which expects to use recycled plastics for 100 percent of its plastics by 2025, have started to prioritise the circular economy. Throughout the forecast period, the global rPET market's revenue growth is anticipated to be driven by such initiatives for sustainable packaging materials.

Market Restraints:

The amount of Municipal Solid Waste (MSW) generated by fast industrialization and economic growth has skyrocketed. As a result, there is currently no appropriate framework for the management of plastic waste. Governments have significant obstacles in realising a sustainable solid waste management framework due to ineffective waste policy implementation and a lack of trash management alternatives. Due to a shortage of recycling facilities, recyclable materials worth approximately USD 11.4 billion are thrown away annually in the United States. According to estimates from the UN Environment Programme, the world produces 330 million tonnes of plastic garbage yearly, of which only 14% is currently collected for recycling and only 9% of which gets recycled after it has been generated.

Furthermore, because mechanical recycling requires washing, shredding, and melting the material (yellowing), it weakens used plastic over time and may result in discolouration. Virgin PET is added to rPET throughout both the recycling process and the usage phase to compensate for its lower mechanical strength. Maintaining colour uniformity across batches is a challenge when recycling PET due to the unpredictability and contaminants in the recycling feedstock. These elements are anticipated to limit market revenue growth.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/recycled-polyester-filament-yarn-market

SEGMENTATION INCLUDED IN THIS REPORT:

By Type:
• Partially Oriented Yarn (POY)
• Fully Drawn Yarn (FDY)
• Drawn Textured Yarn (DTY)
• Other

By Raw Materials:
• Polyethylene Terephthalate
• Poly-1, 4-Cyclohexylene Dimethylene (PCDT)
• Other

By Application:
• Apparel
• Automotive
• Construction
• Others

By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Key Insights from The Report:

• Based on type, the fully drawn yarn segment led the market and accounted for the largest share of the global market in 2023.
• Based on raw materials, the poly-1, 4-cyclohexylene dimethylene segment captured the highest share of the global market in 2023.
• Based on application, the apparel segment dominated the market in 2023.
• Asia-Pacific dominated the recycled polyester filament yarn market in 2023. North America accounted for the second-highest share of the global market in 2023 and on the other hand, the Europe region is estimated to grow at the fastest CAGR during the forecast period.

TABLE OF CONTENTS:

Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods

2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline

3. Report Overview
3.1 Executive Summary
3.2 Key Inferences

4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends

5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquisition Landscape
5.3 Joint Ventures & Collaborations

6. Market Segmentation
6.1 Recycled Polyester Filament Yarn Market, By Type
6.1.1 Oriented Yarn (POY)
6.1.2 Fully Drawn Yarn (FDY)
6.1.3 Drawn Textured Yarn (DTY)
6.1.4 Other
6.1.5 Market Size Estimations & Forecasts (2024-2029)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 Recycled Polyester Filament Yarn Market, By Raw Materials
6.2.1 Polyethylene Terephthalate
6.2.2 Poly-1, 4-Cyclohexylene Dimethylene (PCDT)
6.2.3 Other
6.2.4 Market Size Estimations & Forecasts (2024-2029)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Recycled Polyster Filament Yarn Market, By Application
6.3.1 Apparel
6.3.2 Automotive
6.3.3 Construction
6.3.4 Others
6.3.5 Market Size Estimations & Forecasts (2024-2029)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index

7. Geographical Landscape
7.1 Global Recycled Polyester Filament Yarn Market, by Region
7.2 North America - Market Analysis (2024-2029)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Type
7.2.3 By Raw Materials
7.2.4 By Application
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Type
7.3.3 By Raw Materials
7.3.4 By Application
7.4 The Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Raw Materials
7.4.4 By Application
7.5 Latin America
7.5.1 By Country
7.5.1.1 brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Type
7.5.3 By Raw Materials
7.5.4 By Application
7.6 The Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Type
7.6.3 By Raw Materials
7.6.4 By Application

8. Key Player Analysis
8.1 Rongsheng Petro Chemical
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Reliance Industries
8.3 Sinopec Yizheng Chemical Fibre
8.4 Indorama Ventures
8.5 Swicofil
8.6 Alpek S.A.B.
8.7 Unifi, Inc.
8.8 Polygenta
8.9 Toray Industries
8.10 Libolon

9. Market Outlook & Investment Opportunities

10. Appendix
List of Tables
List of Figures

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