United States Recycled PET Market to Reach US$ 17.4 Billion by 2031 | CAGR 6.5% Driven by Sustainability Initiatives | Innovations in Chemical & Mechanical Recycling Technologies

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 Recycled PET (rPET) market involves the collection, processing, and reuse of polyethylene terephthalate, a common plastic used in bottles and packaging. rPET reduces environmental pollution by minimizing plastic waste and conserving petroleum resources. It is widely used in packaging, textiles, and industrial applications due to its durability and recyclability. Growing consumer awareness of sustainability and regulatory mandates is driving market growth. Innovations in chemical and mechanical recycling technologies are enhancing the quality and applications of recycled PET.

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☛ Recycled PET Market Dynamics and Drivers

The Recycled PET (rPET) market is witnessing robust growth driven by rising environmental concerns and the push for circular economy initiatives. Increasing consumer awareness about plastic pollution and government regulations restricting single-use plastics are accelerating the adoption of rPET in packaging, especially in the food and beverage industry. Moreover, brand owners are prioritizing sustainability in their supply chains, boosting demand for recycled materials without compromising product quality.

Technological advancements in recycling processes, such as chemical recycling and enhanced mechanical recycling, are improving the quality and efficiency of rPET production. Coupled with rising investment in recycling infrastructure globally, these developments are facilitating higher rPET availability at competitive costs. Growing applications in textiles, automotive, and consumer goods further strengthen market growth, making rPET an integral part of sustainable material solutions.

☛ Recycled PET Industry Developments:

United States
✅ In July 2025, rPET prices remained stable across the U.S., with traders reporting consistent trading activity and no significant price fluctuations during the month.

✅ In July 2025, Unifi's Repreve fiber, made from recycled PET bottles, continued to be a significant contributor to the company's revenue, accounting for 30% of their income.

✅ In June 2025, Toray Industries invested in advanced chemical recycling technology for PET, aiming to produce high-quality rPET for food and beverage packaging, with pilot plants being set up in the U.S.

Japan
✅ In August 2025, Japan introduced an Environmental Design Certification for PET bottles used in beverages, encouraging lightweight construction and increased use of recycled content.

✅ In July 2025, Suntory Beverage & Food launched 100% recycled PET bottles across its mineral water product line, supporting Japan's plastic resource circulation strategy.

✅ In June 2025, Toray Industries invested in advanced chemical recycling technology for PET, aiming to produce high-quality rPET for food and beverage packaging, with pilot plants being set up in Japan.

☛ Recycled PET Market Competitive Landscape:

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.

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☛ 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.

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☛ Regional Analysis for Recycled PET Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

☛ Frequently asked questions:

➠ What is the global sales, production, consumption, import, and export value of the Recycled PET Market?
➠ Who are the key global manufacturers, and what is their operational performance?
➠ What are the major opportunities and threats in the global Recycled PET Market?
➠ Which product types or end-users show the most growth potential and market share?
➠ What challenges and constraints are impacting the Recycled PET Market?
➠ What sales, marketing, and distribution channels are used globally?

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