Recycled PET Market is expected to reach US$ 17.4 Billion by 2031, growing with a CAGR of 6.5% - Placon, Clear Path Recycling LLC, Verdeco Recycling Inc.

The Recycled PET Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global Recycled PET market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Recycled PET Market reached US$ 10.5 Billion in 2023 and is expected to reach US$ 17.4 Billion by 2031, growing with a CAGR of 6.5% during the forecast period 2024-2031.

Recycled PET refers to polyethylene terephthalate plastic that has been collected, cleaned, and repurposed for use in new products. Commonly used in bottles, packaging, and textiles, rPET reduces the environmental impact of plastic waste. It promotes sustainability by decreasing the demand for virgin PET material. The growing use of rPET in various industries is driving a circular economy. Innovations in recycling technology continue to enhance efficiency.

Key Developments:

❁ On October 4, 2023, Coca-Cola India introduced fully recycled PET bottles for its flagship Coca-Cola brand in 750 ml and 250 ml sizes. These bottles, made from food-grade recycled polyethylene terephthalate (PET), are approved by the US FDA and the European Food Safety Authority (EFSA). The initiative aligns with Coca-Cola's sustainability efforts to reduce plastic waste and promote the use of recycled materials in packaging.

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.

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.

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 Breakout:

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

1) What is the expected growth rate of the global market for the forecast period?

2) What are the key driving factors that are responsible to shape the fate of the Recycled PET market during the forecast period?

3) What will be the overall size of the market during the analysis period?

4) What are the prominent market trends which influence the development of the Recycled PET market across various regions?

5) Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

6) What are the challenges and threats that are likely to act as a barrier to the growth of the Recycled PET market?

7) What are the major opportunities that the companies can get to attain success in the world?



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