Recycled PET Market Surges as Demand for Sustainable Packaging Soars Globally in 2025 | Top key players - Placon, Clear Path Recycling LLC, Verdeco Recycling Inc.

The 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.

The latest Recycled PET market research report from DataM Intelligence delivers a comprehensive analysis of the global Recycled PET Market landscape, highlighting emerging trends, market size, competitive dynamics, and key growth drivers. This high-impact report offers strategic insights for investors, marketers, and decision-makers looking to capitalize on current and future market opportunities.

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The Recycled PET (Polyethylene Terephthalate) market involves the collection, processing, and repurposing of used PET plastics primarily bottles into new products. Driven by sustainability goals and regulations, it supports eco-friendly manufacturing in packaging, textiles, and automotive sectors. This market plays a crucial role in reducing plastic waste, conserving resources, and promoting circular economy practices across various industries.

Market Segments

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.

The Recycled PET industry is undergoing swift expansion, fueled by breakthroughs in medical technology, growing demand for cutting-edge therapies, and an increasing emphasis on patient-centric care. As the sector advances, in-depth market analysis is essential to track evolving trends, regulatory developments, and new opportunities.

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Prominent players in the Recycled PET Market

The prominent players in Recycled PET market research report 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.

These companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.

Industry Developments:

In October 2023, Coca-Cola India introduced fully recycled PET bottles for its flagship Coca-Cola brand in 750 ml and 250 ml pack sizes, made from food-grade recycled PET approved by the US FDA and EFSA, marking a significant step toward sustainable packaging in India.

In September 2023, Indorama Ventures celebrated a major sustainability milestone by recycling 100 billion PET bottles, successfully diverting 2.1 million tons of waste from the environment and saving 2.9 million tons of carbon emissions across product lifecycles.

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Regions Covered:

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

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

FAQs:

✒ What are the primary drivers fueling growth in the Recycled PET Market today?
✒ Which companies are currently leading innovation and market share in the Recycled PET Market?
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✒ Which geographic regions are forecasted to experience the strongest growth in the Recycled PET Market-and why?
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