Recycled PET Market Explosive Growth Opportunity, and Regional Analysis Forecast 2024 to 2031 | Placon, Clear Path Recycling LLC, Verdeco Recycling Inc.

The Recycled PET Market is anticipated to reach USD 17.4 billion by 2031 from USD 10.5 billion in 2022, at a CAGR of 6.5% during the forecast period.

DataM Intelligence has published a new research report on "Recycled PET Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Segmentation, CAGR, business revenue competitive positioning of key companies, investigating elements such as product offerings, pricing strategies, financial performance, product portfolios, growth initiatives, and geographical reach. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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The Recycled PET (rPET) Market focuses on the production and use of recycled polyethylene terephthalate (PET), a widely used plastic in packaging, textiles, and consumer goods. As sustainability becomes a critical concern globally, the demand for rPET is surging, driven by environmental regulations, consumer awareness, and the need for circular economy solutions.

Key Developments:

On October 4, 2023, Coca-Cola India introduced fully recycled PET bottles for its flagship Coca-Cola brand, available in 750 ml and 250 ml sizes across various markets in the country. These innovative bottles are crafted from food-grade recycled polyethylene terephthalate (PET) and have received approval from both the U.S. FDA and the European Food Safety Authority (EFSA).

Just a few days earlier, on September 25, 2023, Indorama Ventures celebrated a significant achievement by reaching the milestone of recycling 100 billion PET bottles. This accomplishment has successfully diverted 2.1 million tons of waste from landfills and reduced the carbon footprint by 2.9 million tons throughout the product lifecycle.

In another notable development, on August 6, 2023, ENVICCO-a joint venture between PTT Global Chemical (GC) and ALPLA-launched Thailand's first food-grade recycled PET (rPET) to the market. This high-quality material is already being utilized for Thailand's first 100% rPET bottles, with major brands like Pepsi and Mineré incorporating this sustainable Post-Consumer Recycled (PCR) material into their packaging.

Research Process:

Both primary and secondary data sources have been used in the global Recycled PET Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

List of the Key Players in the Recycled PET Market:

Placon, Clear Path Recycling LLC, Verdeco Recycling Inc., Indorama Ventures Public Ltd., Zhejiang Anshun Pettechs Fibre Co., Ltd., PolyQuest, Evergreen Plastics Inc., Pheonix Technologies, Libolon and Biffa.

Segment Covered in the Recycled PET Market:

By Source: Bottles & Containers, Films & Sheets.

By Grade: Grade A, Grade B.

By Type: Flakes, Chips.

By Color: Clear, Colored.

By End-User: Fibers, Films & Sheets, Food & Beverage Containers & Bottles, Non-Food Containers & Bottles, Others.

Regional Analysis:

The global Recycled PET Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Recycled PET Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Recycled PET Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Recycled PET manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Recycled PET in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

Q1) How Big is the Recycled PET Market?

A) Global Recycled PET Market reached US$ 10.5 Billion in 2023 and is expected to reach US$ 17.4 Billion by 2031.

Q2) Who are the key players of Recycled PET Market?

A) Key players are Placon, Clear Path Recycling LLC, Verdeco Recycling Inc., Indorama Ventures Public Ltd., Zhejiang Anshun Pettechs Fibre Co., Ltd., PolyQuest, Evergreen Plastics Inc., Pheonix Technologies, Libolon and Biffa.

Q3) What are the regions covered in this report?

A) The global Recycled PET Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa

4) What are the Segments Coverd in this report?

A) The Recycled PET market is segmented as By Source, By Grade, By Type, By Color, By End-User, Others.

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