Recyclate PET Market to Grow at Splendid Rate of 19.14% CAGR till 2022 – Business Opportunity Analysis

Plastic is one of the most commonly recycled materials in the world. One of the major kind of recyclable plastics that is gaining prominence is the recyclable PET. Recyclate PET market is valued at XX USD million in 2015 and is expected to witness a CAGR of 19.14% during the forecast period.

Furthermore the development of efficient processes to manufacture the recyclable PET and discovery of new sources of raw material is providing great opportunities to the market.

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The Recyclate PET industry involves recycling of recycling of PET bottles, cans, crown-corks and labels. This is being used increasingly by major manufacturers of bottles and trays. The increasing trend to use sustainable solutions is driving this market. In 2015 the U.S. recycling rate for PET plastic bottles was XX.XX%, up slightly from 2014s XX.XX%, according to the latest figures from NAPCOR and The Association of Postconsumer Plastic Recyclers.

The PET staple segment has been dominating the global recyclable PET market, by product type. It is expected to witness considerable growth rate during the forecast period and is expected to dominate the market over the next five years. Food and non-food packaging has the highest market share in the market, by end-user industry.

Drivers:

The major driver for this market is the growing plastics recycling industry, as this would further increase the demand for PET recycling as well. The growing year-over-year demand for bottles and polyester fiber, is increasing the waste generated from these material and so is increasing the pressure to recycle these materials to reduce this waste, which is further driving the market.

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Challenges:

One of the major challenge being faced by the recycled PET is the low profit margins of the industry.

What the report contains:

• The report elucidates the situation of Recyclate PET around the world and studies the markets of the recyclate PET type which include PET staple Fibers, PET sheets and PET sheets or films.

Lastly, the report is divided by geography - North Americas, Europe, the Asia-Pacific (APAC), South America and Middle-East & Africa (MEA); where-in the market share of each region is analyzed and estimates are provided for the next 5 years. The various end-user industries of recyclate PET have been discussed in detail in addition to a comprehensive overview of the market.

The major players in the market include EcoStar, Phoenix Technologies, PolyQuest, Equipolymers, Krones Group and Foss Manufacturing Company etc

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Table of Contents:

2. Recyclate PET Market
2.1 Description
2.2 Industry Value Chain Analysis
2.3 Industry Attractiveness - Porter's 5 Force Analysis
2.3.1 Bargaining Power of Suppliers
2.3.2 Bargaining Power of Consumers
2.3.3 Threat of New Entrants
2.3.4 Threat of Substitute Products and Services
2.3.5 Degree of Competition

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