Recycled Polyethylene Terephthalate Market to Reach USD 18.7 Billion by 2030 Driven by Sustainability Goals

The global recycled polyethylene terephthalate (rPET) market, valued at USD 10.8 billion in 2023, is projected to reach USD 18.7 billion by 2030, expanding at a CAGR of 8.5% during 2024-2030, according to DataM Intelligence. The surge in market demand is largely attributed to sustainability initiatives undertaken by leading packaging and textile companies, coupled with rapid advancements in circular economy adoption. rPET's ability to support carbon emission reduction, energy efficiency, and resource optimization positions it as a preferred raw material in the transition toward sustainable production models.

The packaging and fiber industries remain the primary rPET end-users, with growing applications across food and beverage containers, apparel fibers, and automotive components. Among all sources, bottles and containers constituted the largest segment in 2023 due to their consistent supply in municipal waste streams and their ease of recyclability. Asia Pacific emerged as the top-performing region, accounting for over 44% of total revenue, while the UAE is anticipated to record the fastest CAGR by 2030 due to substantial investments in recycling infrastructure.

Get a Free Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response): https://www.datamintelligence.com/download-sample/recycled-pet-market?utm_source=OpenPR&utm_campaign=Onkar

Key Highlights from the Report

➤ rPET market size projected to reach USD 18.7 billion by 2030, growing at an 8.5% CAGR.
➤ Asia Pacific accounted for over 44% of revenue share in 2023, driven by China and India.
➤ Bottles and containers were the dominant source segment in 2023.
➤ Grade A rPET led the market due to its food-grade compatibility and high recycling efficiency.
➤ The clear rPET segment held over 76% revenue share, favored by its lightweight and cost advantages.
➤ The fiber segment contributed nearly 40% of total revenue, driven by demand in textiles and automotive sectors.

Market Segmentation

By Source:

Bottles and containers represented the largest source segment for rPET in 2023. Collection networks at household, municipal, and business levels play a vital role in the recycling supply chain. Recycling processes-both chemical and mechanical-convert post-consumer PET bottles into valuable feedstocks such as monomers and bis-hydroxyethyl terephthalate (BHET). These materials are further used to produce high-quality packaging and textile products, making bottles the backbone of the global rPET ecosystem.

By Grade:

Grade A rPET led the market, supported by its widespread use in beverage bottles and food packaging. Characterized by high clarity, purity, and safety compliance, it re-enters the packaging cycle as a sustainable alternative to virgin PET. The growing commitment of major bottlers, including Coca-Cola and PepsiCo, toward 100% recycled content bottles continues to fuel the demand for Grade A rPET.

By Product Type:

Clear rPET dominated with over 76% market share in 2023, largely due to its recyclability, low cost, and broad compatibility across packaging types. Colored rPET, on the other hand, is registering strong demand in automotive and consumer goods sectors where brand aesthetics and visual distinction take precedence. The colored rPET segment is projected to grow at a CAGR of 9.5% through 2030, benefiting from its use in protective packaging, healthcare trays, and branded containers.

By End-Use:

The fiber segment held the largest share, accounting for nearly 40% in 2023. rPET fibers are integral to manufacturing textiles, upholstery, sportswear, and car interiors. Strong demand from clothing brands focused on sustainable materials, including Adidas, Nike, and Patagonia, continues to drive this segment. Food and beverage bottles & containers are expected to expand at a 9% CAGR due to rising consumption of packaged beverages and increased adoption of eco-friendly packaging solutions.

Get Customization in the Report as Per Your Business Requirements: https://www.datamintelligence.com/customize/recycled-pet-market?utm_source=OpenPR&utm_campaign=Onkar

Regional Insights

Asia Pacific dominated the rPET market with more than 44% revenue share in 2023. The region's leadership is underpinned by availability of low-cost labor, advanced recycling capabilities, and rapid industrial expansion in countries like China, India, and Indonesia. China commands a significant portion of rPET production, supported by large-scale chemical recycling projects and high output of polyester fibers. However, the post-2018 ban on plastic waste imports reshaped supply dynamics, prompting recyclers to shift operations to Southeast Asia.

Europe closely follows Asia Pacific, with its market performance driven by EU recycling directives and circular economy policies under the European Green Deal. Strict bans on plastic landfilling in Germany and the Netherlands have spurred rPET substitution for virgin resins. Meanwhile, North America is seeing accelerated adoption due to environmental regulations, brand sustainability commitments, and growing use in automotive interiors and consumer goods.

Market Dynamics

Market Drivers:

The increasing global focus on circular economy principles, expanding adoption of recycled plastics across packaging, automotive, and textile sectors, and corporate sustainability goals are key growth drivers. Rising consumer awareness and brand initiatives to reduce plastic waste are accelerating rPET adoption.

Market Restraints:

High recycling costs associated with collection, sorting, cleaning, and processing continue to restrain profitability. Regulatory complexities, particularly in developing countries lacking a structured recycling framework, pose additional challenges for scaling operations.

Market Opportunities:

Technological innovations in chemical recycling, waste collection enhancement, and traceability systems are expected to reduce production costs and boost quality. Ongoing investments in infrastructure and government funds encouraging recycling and reduced landfill dependency will create significant opportunities for new market entrants.

Purchase This Exclusive Report at Just USD 5829 Only: https://www.datamintelligence.com/buy-now-page?report=recycled-pet-market?utm_source=OpenPR&utm_campaign=Onkar

Reasons to Buy the Report

✔ Gain detailed insights into global and regional rPET market performance.
✔ Examine growth drivers, restraints, and opportunities influencing sector evolution.
✔ Analyze competitive strategies, product innovations, and key acquisition trends.
✔ Understand future demand from major industries, including packaging and textiles.
✔ Access verified forecasts from DataM Intelligence supporting strategic business planning.

Frequently Asked Questions (FAQs)

◆ How Big is the Recycled Polyethylene Terephthalate (rPET) Market in 2023?
◆ What is the Projected Growth Rate of the rPET Market Between 2024 and 2030?
◆ Which Region is Expected to Lead the Global rPET Market by 2030?
◆ Which Source and Grade Segments Dominate the rPET Market?
◆ Who Are the Top Players Operating in the Global Recycled PET Market?

Company Insights

Placon

Clear Path Recycling LLC

Verdeco Recycling, Inc.

Indorama Ventures Public Ltd.

Zhejiang Anshun Pettechs Fibre Co., Ltd.

PolyQuest

Evergreen Plastics, Inc.

Phoenix Technologies

Libolon

Biffa

Recent Developments:

In October 2023, Axens, IFPEN, and JEPLAN initiated operations of the Rewind PET facility in Japan, a 1,000-ton pilot recycling plant for chemical depolymerization.

In September 2023, Indorama Ventures expanded its Brazil-based PET recycling capacity from 9,000 to 25,000 tons per year.

In March 2023, SK Chemicals signed a USD 98.4 million acquisition deal with Shuye Environmental Technology to boost chemical recycling and rPET output capacity to 50,000 tons annually.

In April 2023, Biffa acquired Esterpet Ltd., strengthening its PET recycling operations in the UK and expanding its footprint into Asia through a partnership with Shuye Electronics Co. Ltd.

Conclusion

The recycled polyethylene terephthalate market is experiencing robust growth as global industries transition toward sustainable manufacturing practices. Driven by the packaging and textile sectors, rPET plays a central role in reducing plastic waste and promoting the circular economy. With growing technological innovation, supportive government initiatives, and commitments from multinational corporations to increase recycled content, the rPET market is poised to redefine the global plastics value chain by 2030.

Contact Us

Mr. Sai Kiran
DataM Intelligence 4market Research LLP Ground floor
DSL Abacus IT Park, Industrial Development Area
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.

This release was published on openPR.