Press release
Recycled PET Market to Reach USD 17.4 Billion by 2031, Growing at 6.5% CAGR
Recycled PET Market
The global recycled PET (rPET) market, valued at USD 10.5 billion in 2023, is projected to reach USD 17.4 billion by 2031, expanding at a robust CAGR of 6.5% between 2024-2031, according to DataM Intelligence. The market growth is driven by the rising global demand for sustainable packaging solutions, regulatory mandates promoting recycling, and increasing consumer awareness around environmental conservation.
As industries worldwide transition toward a circular economy, the adoption of recycled PET has accelerated, especially across the food and beverage, personal care, and textile sectors. Growing support from government initiatives, public-private partnerships, and recycling infrastructure investments are positioning rPET as a critical material for the global sustainability agenda.
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Key Highlights from the Report
➤ Global rPET market expected to reach USD 17.4 billion by 2031, growing at 6.5% CAGR
➤ Food and beverage industry remains the leading consumer of high-quality recycled PET packaging
➤ Government recycling mandates and sustainability commitments drive widespread adoption
➤ Asia-Pacific dominates global market share with strong manufacturing capacity and consumer base
➤ Lack of efficient waste collection infrastructure remains a major industry challenge
➤ Investments in advanced recycling technologies enhance cost efficiency and scalability
Market Segmentation
The recycled PET market is segmented by source, application, and region, with the bottle segment leading as the main feedstock for post-consumer PET recycling.
Food and beverage packaging accounts for the largest market share, propelled by manufacturers switching to rPET bottles to meet sustainability goals and comply with regulatory guidelines mandating minimum recycled content in packaging. The textile segment is also experiencing rapid growth as rPET fibers are increasingly adopted in the production of apparel, upholstery, and home furnishings.
In addition, non-food applications-such as automotive interiors, construction, and electronics-are expanding, emphasizing the material's versatility, durability, and alignment with industry sustainability objectives.
Regional Insights
Asia-Pacific: Dominating the Global Recycled PET Market
Asia-Pacific (APAC) holds the largest share of the global rPET market, fueled by its expanding population, rapid industrialization, and strengthened recycling capacity. Countries such as China, India, Indonesia, and Thailand are experiencing a growing shift toward eco-friendly packaging to meet sustainability goals. The presence of major rPET manufacturers and continuous infrastructure development further contribute to the region's leadership.
North America: Sustainability Regulations Boost Adoption
In North America, demand for recycled PET is accelerating due to strict sustainability standards, including minimum recycled content quotas in packaging. The U.S. and Canada are witnessing increased private sector investments in recycling facilities and product innovations to boost rPET availability for high-quality food-grade applications.
Europe: Policy-Driven Growth in Circular Economies
Europe continues to play a pioneering role in the rPET industry, with the EU's Circular Economy Action Plan setting stringent targets for the integration of recycled plastic into new packaging. Countries like Germany, the U.K., and France are leading in plastic collection, processing, and reuse initiatives, driving an advanced and sustainable rPET supply network.
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Market Dynamics
Market Drivers
The growing demand from the food and beverage industry for sustainable packaging is a core driver of the rPET market. Consumers' preference for environmentally friendly and recycled materials has led major players like Coca-Cola, PepsiCo, and Nestlé to adopt rPET packaging to meet sustainability commitments.
Market Restraints
A major challenge lies in the absence of efficient waste collection and segregation systems, particularly in developing regions. Poor infrastructure results in contamination of PET waste streams and inconsistent availability of high-quality feedstock, increasing production costs for recyclers.
Market Opportunities
Growing global emphasis on environmental packaging offers substantial opportunities. Supportive government regulations promoting recycled content use and corporate pledges toward net-zero emissions are creating favorable business conditions for rPET manufacturers. The development of chemical recycling technologies is also expected to enhance production efficiency and material quality.
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Reasons to Buy the Report
✔ Comprehensive analysis of global and regional rPET market trends and regulatory frameworks
✔ Insights into key growth drivers, restraints, and sustainability-led opportunities
✔ Study of latest innovations in plastic recycling and circular economy practices
✔ Market segmentation by source, application, and region for strategic planning
✔ Detailed profiles of leading players with recent mergers, acquisitions, and expansions
Frequently Asked Questions (FAQs)
◆ How big is the global recycled PET market in 2023 and what is its forecast for 2031?
◆ Which region leads the global rPET industry, and why?
◆ What are the key drivers of recycled PET growth in the packaging sector?
◆ What are the major challenges restraining global rPET market expansion?
◆ Who are the top companies operating in the global recycled PET space?
Company Insights
Indorama Ventures Public Limited (Thailand)
Biffa (United Kingdom)
Far Eastern New Century Corporation (Taiwan)
Plastipak Holdings Inc. (United States)
Alpek S.A.B. de C.V. (Mexico)
Recent Developments:
2024 - Indorama Ventures expanded capacity at its PET recycling plant in Poland, enhancing food-grade rPET output to support EU recycled content goals.
2023 - Alpek collaborated with Coca-Cola FEMSA to scale circular PET initiatives across Latin America with increased bottle-to-bottle recycling integration.
Conclusion
The global recycled PET market is advancing rapidly as brands, governments, and consumers collectively drive sustainable transformation in plastics use. With strong policy support, technological innovation, and enhanced recycling infrastructure, rPET is emerging as a critical enabler of the circular economy. While challenges such as waste collection inefficiencies persist, expanding investment in recycling capacity and innovation ensures a promising trajectory for sustainable packaging worldwide, particularly in Asia-Pacific, which continues to dominate global growth.
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Mr. Sai Kiran
DataM Intelligence 4market Research LLP Ground floor
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Uppal, Hyderabad, Telangana 500039
USA: +1 877-441-4866
Email: Sai.k@datamintelligence.com
Visit Our Website: https://www.datamintelligence.com
About Us
DataM Intelligence 4Market Research is a comprehensive market intelligence platform offering syndicated and customized reports along with expert consulting across multiple industries, including chemicals, healthcare, agriculture, food & beverages, and more. With extensive experience and a strategy-focused approach, DataM provides businesses and individuals with reliable market insights, statistical forecasts, and personalized research solutions to help them make informed decisions and successfully bring innovations to market.
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