Food Grade Recycled PET Market to Hit USD 3,807 Million by 2031, Registering a 6.3% CAGR from 2025 Onward

LOS ANGELES, United States: The global Food Grade Recycled PET market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Food Grade Recycled PET market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of the global Food Grade Recycled PET market. With qualitative and quantitative analysis, we help you with thorough and comprehensive research on the global Food Grade Recycled PET market. We have also focused on SWOT, PESTLE, and Porter's Five Forces analyses of the global Food Grade Recycled PET market.

The global market for Food Grade Recycled PET was estimated to be worth US$ 2497 million in 2024 and is forecast to a readjusted size of US$ 3807 million by 2031 with a CAGR of 6.3% during the forecast period 2025-2031.

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The market for Food Grade Recycled PET has been growing steadily in response to the increasing demand for sustainable and environmentally friendly packaging solutions in the food and beverage industry.

Several factors have contributed to the expansion of the rPET market:

Environmental Concerns: The growing awareness of plastic pollution and its impact on the environment has led to increased consumer and industry demand for more sustainable packaging options. rPET offers a way to reduce plastic waste and decrease the use of virgin plastics.

Regulatory Support: Many countries and regions have implemented regulations and policies to encourage the use of recycled materials, including rPET, in food packaging. These regulations aim to promote a circular economy and minimize the environmental footprint of the packaging industry.

Corporate Sustainability Initiatives: Many food and beverage companies have set sustainability goals and commitments to incorporate more recycled content in their packaging. The use of rPET aligns with these initiatives, enhancing brand reputation and meeting consumer expectations.

Advancements in Recycling Technology: Technological advancements in recycling processes have improved the quality and safety of rPET, making it more suitable for food contact applications.

Consumer Preference for Eco-Friendly Packaging: Consumers are increasingly seeking products packaged in environmentally friendly materials. Food and beverage companies are responding by adopting rPET packaging to meet consumer demands.

Increased Recycling Infrastructure: The expansion of recycling infrastructure and collection systems for PET bottles has facilitated the availability of post-consumer PET for recycling, supporting the growth of the rPET market.

Cost Competitiveness: As the rPET recycling process becomes more efficient, the cost competitiveness of rPET compared to virgin PET has improved, making it an attractive option for packaging manufacturers.

The rPET market is expected to continue growing as more companies and consumers prioritize sustainability and seek eco-friendly packaging solutions. However, challenges such as the availability and quality of post-consumer PET for recycling and the need for continuous improvement in recycling technologies remain important considerations for the long-term growth of the rPET market.

Leading players of the global Food Grade Recycled PET market are analyzed taking into account their market share, recent developments, new product launches, partnerships, mergers or acquisitions, and markets served. We also provide an exhaustive analysis of their product portfolios to explore the products and applications they concentrate on when operating in the global Food Grade Recycled PET market. Furthermore, the report offers two separate market forecasts - one for the production side and another for the consumption side of the global Food Grade Recycled PET market. It also provides useful recommendations for new as well as established players of the global Food Grade Recycled PET market.

Details of Food Grade Recycled PET Market Segmentation: -

Segment by Key players:

Alpek (DAK Americas)
Alpla
Global Pet
Valgroup
Indorama Ventures
Unifi Manufacturing
Global Holdings and Development
GreenMind
Tepx
Placon Corporation
KW Plastics
Veolia
Kingfa
Guangxi Wuzhou Guolong Recyclabe Resources Development
LOTTE Chemical
Greentech
Viridor
Biffa

Segment by Type

Pellets
Flakes
Other

Segment by Application

Food Packaging
Beverage
Consumer Goods
Other

Our market analysts are experts in deeply segmenting the global Food Grade Recycled PET market and thoroughly evaluating the growth potential of each and every segment studied in the report. Right at the beginning of the research study, the segments are compared on the basis of consumption and growth rate for a review period of nine years. The segmentation study included in the report offers a brilliant analysis of the global Food Grade Recycled PET market, taking into consideration the market potential of different segments studied. It assists market participants to focus on high-growth areas of the global Food Grade Recycled PET market and plan powerful business tactics to secure a position of strength in the industry.

The global Food Grade Recycled PET market is extensively analyzed on the basis of geography, where important regions and countries are deeply studied to understand their current and future market growth. The report provides market shares, consumption, production, revenue, and other estimations of regional markets. This helps players to target lucrative areas of the global Food Grade Recycled PET market and expand their market presence across the world.

What to expect in our report?

(1) A complete section of the report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the global Food Grade Recycled PET market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the global Food Grade Recycled PET market.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the global Food Grade Recycled PET market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the report.

What is our research methodology?

We at QY Research use quantitative and qualitative modeling, trend analysis, industry-best practices, top peer practices, and in-depth proprietary studies as a full range of research methods. Our analysts employ the latest primary and secondary research techniques to offer you comprehensive market analysis that will help your business to give sustainable performances. The innovative approaches that our researchers take to compile business reports and market analysis or research studies help clients to achieve higher sales in their respective industries.

Our unique research methodologies help us to give you critical knowledge about the global Food Grade Recycled PET market and equip you to take informed decisions faster and with confidence, cutting through the complexity. With a view to help you to formulate result-oriented business plans, we distill vast volumes of data into precise and clear recommendations related to the global Food Grade Recycled PET market using our unparalleled research methods.

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Table of Contents

1 Market Overview
1.1 Food Grade Recycled PET Product Introduction
1.2 Global Food Grade Recycled PET Market Size Forecast
1.2.1 Global Food Grade Recycled PET Sales Value (2020-2031)
1.2.2 Global Food Grade Recycled PET Sales Volume (2020-2031)
1.2.3 Global Food Grade Recycled PET Sales Price (2020-2031)
1.3 Food Grade Recycled PET Market Trends & Drivers
1.3.1 Food Grade Recycled PET Industry Trends
1.3.2 Food Grade Recycled PET Market Drivers & Opportunity
1.3.3 Food Grade Recycled PET Market Challenges
1.3.4 Food Grade Recycled PET Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered

2 Competitive Analysis by Company
2.1 Global Food Grade Recycled PET Players Revenue Ranking (2024)
2.2 Global Food Grade Recycled PET Revenue by Company (2020-2025)
2.3 Global Food Grade Recycled PET Players Sales Volume Ranking (2024)
2.4 Global Food Grade Recycled PET Sales Volume by Company Players (2020-2025)
2.5 Global Food Grade Recycled PET Average Price by Company (2020-2025)
2.6 Key Manufacturers Food Grade Recycled PET Manufacturing Base and Headquarters
2.7 Key Manufacturers Food Grade Recycled PET Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Food Grade Recycled PET
2.9 Food Grade Recycled PET Market Competitive Analysis
2.9.1 Food Grade Recycled PET Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Food Grade Recycled PET Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Food Grade Recycled PET as of 2024)
2.10 Mergers & Acquisitions, Expansion

3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Pellets
3.1.2 Flakes
3.1.3 Other
3.2 Global Food Grade Recycled PET Sales Value by Type
3.2.1 Global Food Grade Recycled PET Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Food Grade Recycled PET Sales Value, by Type (2020-2031)
3.2.3 Global Food Grade Recycled PET Sales Value, by Type (%) (2020-2031)
3.3 Global Food Grade Recycled PET Sales Volume by Type
3.3.1 Global Food Grade Recycled PET Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Food Grade Recycled PET Sales Volume, by Type (2020-2031)
3.3.3 Global Food Grade Recycled PET Sales Volume, by Type (%) (2020-2031)
3.4 Global Food Grade Recycled PET Average Price by Type (2020-2031)

4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Food Packaging
4.1.2 Beverage
4.1.3 Consumer Goods
4.1.4 Other
4.2 Global Food Grade Recycled PET Sales Value by Application
4.2.1 Global Food Grade Recycled PET Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Food Grade Recycled PET Sales Value, by Application (2020-2031)
4.2.3 Global Food Grade Recycled PET Sales Value, by Application (%) (2020-2031)
4.3 Global Food Grade Recycled PET Sales Volume by Application
4.3.1 Global Food Grade Recycled PET Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Food Grade Recycled PET Sales Volume, by Application (2020-2031)
4.3.3 Global Food Grade Recycled PET Sales Volume, by Application (%) (2020-2031)
4.4 Global Food Grade Recycled PET Average Price by Application (2020-2031)

5 Segmentation by Region
5.1 Global Food Grade Recycled PET Sales Value by Region
5.1.1 Global Food Grade Recycled PET Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Food Grade Recycled PET Sales Value by Region (2020-2025)
5.1.3 Global Food Grade Recycled PET Sales Value by Region (2026-2031)
5.1.4 Global Food Grade Recycled PET Sales Value by Region (%), (2020-2031)
5.2 Global Food Grade Recycled PET Sales Volume by Region
5.2.1 Global Food Grade Recycled PET Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Food Grade Recycled PET Sales Volume by Region (2020-2025)
5.2.3 Global Food Grade Recycled PET Sales Volume by Region (2026-2031)
5.2.4 Global Food Grade Recycled PET Sales Volume by Region (%), (2020-2031)
5.3 Global Food Grade Recycled PET Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Food Grade Recycled PET Sales Value, 2020-2031
5.4.2 North America Food Grade Recycled PET Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Food Grade Recycled PET Sales Value, 2020-2031
5.5.2 Europe Food Grade Recycled PET Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Food Grade Recycled PET Sales Value, 2020-2031
5.6.2 Asia Pacific Food Grade Recycled PET Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Food Grade Recycled PET Sales Value, 2020-2031
5.7.2 South America Food Grade Recycled PET Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Food Grade Recycled PET Sales Value, 2020-2031
5.8.2 Middle East & Africa Food Grade Recycled PET Sales Value by Country (%), 2024 VS 2031

6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Food Grade Recycled PET Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Food Grade Recycled PET Sales Value and Sales Volume
6.2.1 Key Countries/Regions Food Grade Recycled PET Sales Value, 2020-2031
6.2.2 Key Countries/Regions Food Grade Recycled PET Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Food Grade Recycled PET Sales Value, 2020-2031
6.3.2 United States Food Grade Recycled PET Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Food Grade Recycled PET Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Food Grade Recycled PET Sales Value, 2020-2031
6.4.2 Europe Food Grade Recycled PET Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Food Grade Recycled PET Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Food Grade Recycled PET Sales Value, 2020-2031
6.5.2 China Food Grade Recycled PET Sales Value by Type (%), 2024 VS 2031
6.5.3 China Food Grade Recycled PET Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Food Grade Recycled PET Sales Value, 2020-2031
6.6.2 Japan Food Grade Recycled PET Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Food Grade Recycled PET Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Food Grade Recycled PET Sales Value, 2020-2031
6.7.2 South Korea Food Grade Recycled PET Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Food Grade Recycled PET Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Food Grade Recycled PET Sales Value, 2020-2031
6.8.2 Southeast Asia Food Grade Recycled PET Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Food Grade Recycled PET Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Food Grade Recycled PET Sales Value, 2020-2031
6.9.2 India Food Grade Recycled PET Sales Value by Type (%), 2024 VS 2031
6.9.3 India Food Grade Recycled PET Sales Value by Application, 2024 VS 2031

7 Company Profiles
7.1 Alpek (DAK Americas)
7.1.1 Alpek (DAK Americas) Company Information
7.1.2 Alpek (DAK Americas) Introduction and Business Overview
7.1.3 Alpek (DAK Americas) Food Grade Recycled PET Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Alpek (DAK Americas) Food Grade Recycled PET Product Offerings
7.1.5 Alpek (DAK Americas) Recent Development
7.2 Alpla
7.2.1 Alpla Company Information
7.2.2 Alpla Introduction and Business Overview
7.2.3 Alpla Food Grade Recycled PET Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Alpla Food Grade Recycled PET Product Offerings
7.2.5 Alpla Recent Development
7.3 Global Pet
7.3.1 Global Pet Company Information
7.3.2 Global Pet Introduction and Business Overview
7.3.3 Global Pet Food Grade Recycled PET Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Global Pet Food Grade Recycled PET Product Offerings
7.3.5 Global Pet Recent Development
7.4 Valgroup
7.4.1 Valgroup Company Information
7.4.2 Valgroup Introduction and Business Overview
7.4.3 Valgroup Food Grade Recycled PET Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Valgroup Food Grade Recycled PET Product Offerings
7.4.5 Valgroup Recent Development
7.5 Indorama Ventures
7.5.1 Indorama Ventures Company Information
7.5.2 Indorama Ventures Introduction and Business Overview
7.5.3 Indorama Ventures Food Grade Recycled PET Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Indorama Ventures Food Grade Recycled PET Product Offerings
7.5.5 Indorama Ventures Recent Development
7.6 Unifi Manufacturing
7.6.1 Unifi Manufacturing Company Information
7.6.2 Unifi Manufacturing Introduction and Business Overview
7.6.3 Unifi Manufacturing Food Grade Recycled PET Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Unifi Manufacturing Food Grade Recycled PET Product Offerings
7.6.5 Unifi Manufacturing Recent Development
7.7 Global Holdings and Development
7.7.1 Global Holdings and Development Company Information
7.7.2 Global Holdings and Development Introduction and Business Overview
7.7.3 Global Holdings and Development Food Grade Recycled PET Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Global Holdings and Development Food Grade Recycled PET Product Offerings
7.7.5 Global Holdings and Development Recent Development
7.8 GreenMind
7.8.1 GreenMind Company Information
7.8.2 GreenMind Introduction and Business Overview
7.8.3 GreenMind Food Grade Recycled PET Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 GreenMind Food Grade Recycled PET Product Offerings
7.8.5 GreenMind Recent Development
7.9 Tepx
7.9.1 Tepx Company Information
7.9.2 Tepx Introduction and Business Overview
7.9.3 Tepx Food Grade Recycled PET Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Tepx Food Grade Recycled PET Product Offerings
7.9.5 Tepx Recent Development
7.10 Placon Corporation
7.10.1 Placon Corporation Company Information
7.10.2 Placon Corporation Introduction and Business Overview
7.10.3 Placon Corporation Food Grade Recycled PET Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Placon Corporation Food Grade Recycled PET Product Offerings
7.10.5 Placon Corporation Recent Development
7.11 KW Plastics
7.11.1 KW Plastics Company Information
7.11.2 KW Plastics Introduction and Business Overview
7.11.3 KW Plastics Food Grade Recycled PET Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 KW Plastics Food Grade Recycled PET Product Offerings
7.11.5 KW Plastics Recent Development
7.12 Veolia
7.12.1 Veolia Company Information
7.12.2 Veolia Introduction and Business Overview
7.12.3 Veolia Food Grade Recycled PET Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Veolia Food Grade Recycled PET Product Offerings
7.12.5 Veolia Recent Development
7.13 Kingfa
7.13.1 Kingfa Company Information
7.13.2 Kingfa Introduction and Business Overview
7.13.3 Kingfa Food Grade Recycled PET Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Kingfa Food Grade Recycled PET Product Offerings
7.13.5 Kingfa Recent Development
7.14 Guangxi Wuzhou Guolong Recyclabe Resources Development
7.14.1 Guangxi Wuzhou Guolong Recyclabe Resources Development Company Information
7.14.2 Guangxi Wuzhou Guolong Recyclabe Resources Development Introduction and Business Overview
7.14.3 Guangxi Wuzhou Guolong Recyclabe Resources Development Food Grade Recycled PET Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Guangxi Wuzhou Guolong Recyclabe Resources Development Food Grade Recycled PET Product Offerings
7.14.5 Guangxi Wuzhou Guolong Recyclabe Resources Development Recent Development
7.15 LOTTE Chemical
7.15.1 LOTTE Chemical Company Information
7.15.2 LOTTE Chemical Introduction and Business Overview
7.15.3 LOTTE Chemical Food Grade Recycled PET Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 LOTTE Chemical Food Grade Recycled PET Product Offerings
7.15.5 LOTTE Chemical Recent Development
7.16 Greentech
7.16.1 Greentech Company Information
7.16.2 Greentech Introduction and Business Overview
7.16.3 Greentech Food Grade Recycled PET Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 Greentech Food Grade Recycled PET Product Offerings
7.16.5 Greentech Recent Development
7.17 Viridor
7.17.1 Viridor Company Information
7.17.2 Viridor Introduction and Business Overview
7.17.3 Viridor Food Grade Recycled PET Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 Viridor Food Grade Recycled PET Product Offerings
7.17.5 Viridor Recent Development
7.18 Biffa
7.18.1 Biffa Company Information
7.18.2 Biffa Introduction and Business Overview
7.18.3 Biffa Food Grade Recycled PET Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 Biffa Food Grade Recycled PET Product Offerings
7.18.5 Biffa Recent Development

8 Industry Chain Analysis
8.1 Food Grade Recycled PET Industrial Chain
8.2 Food Grade Recycled PET Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Food Grade Recycled PET Sales Model
8.5.2 Sales Channel
8.5.3 Food Grade Recycled PET Distributors

9 Research Findings and Conclusion

10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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