Market by Product, Application, and Regional Outlook | Forecast 2022-2028
Recycled
polyethylene terephthalate (r-PET) is a highly sustainable recycled plastic
with environmental benefits such as lower carbon emissions and fewer landfills.
The growing need to reduce reliance on petroleum-based plastics and consumer
awareness of sustainability are compelling the use of recycled PET over
conventional plastics. Its applications are rising in various industries, such
as textiles, films & sheets, bottles, containers, and bags, among others.
As a result, the demand for raw materials used in manufacturing recycled PET
will drive up in the future years.
According to Triton Market Research, the Global Recycled Polyethylene Terephthalate Market was valued at $xx million in 2021 and is likely to reach $xx million by 2028, with a CAGR of 7.05% during the forecast period 2022-2028.
Click here to check out our blog on the Global Recycled Polyethylene Terephthalate Market
MARKET PERFORMANCE: DRIVERS, CHALLENGES, AND
TRENDS
Factors such as the growing awareness toward
sustainability and the government restrictions on landfills are expected to
drive the market’s growth. Numerous
developed nations in North America and Europe, including Austria, Germany, the
Netherlands, France, Denmark, Belgium, and several states in the United States
and Canadian provinces, have implemented landfill bans or restrictions for
decades. Furthermore, proposals are being prepared in the United Kingdom, and
Australia has mandated implementing several restrictions in the following
years. Landfill bans minimize garbage disposal in landfills, including outright
prohibitions and pre-treatment or pre-sorting restrictions. Unsorted trash or
wastes identified by their organic composition, such as liquid wastes,
packaging, lumber, biodegradable wastes, paper, e-waste, and batteries, are
also included. Thus, the ban on landfills is driving the growth of the recycled
polyethylene terephthalate market.
However, the toxic emissions from the recycling
process are expected to negatively affect the market’s growth. Plastic recycling may be extremely detrimental
to the environment. During the process, environmental emissions are classified
as air emissions, waterborne emissions, and solid wastes. Atmospheric emissions
include both controlled emissions like pollutants and unregulated emissions
like carbon dioxide. When the material melts, volatile organic compounds (VOCs)
are released into the atmosphere that are extremely hazardous to the
environment and human health.
A notable trend in the market is the higher demand for recycling in the FMCG sector, which indicates an overall positive outlook. Several companies are giving importance to CSR and focusing on going green with their practices. Reduction of greenhouse gasses and saving resources are the top priorities of many players. In order to achieve this goal, they aim to recycle paper, glass, and plastic materials. Plastic is a longstanding concern for the environment due to its non-biodegradable nature, and when burnt, it releases a high amount of greenhouse and harmful gasses. Thus, efforts are being taken to recycle plastic products. One such type of plastic is PET, mainly used in the Asia-Pacific, owing to its high demand in the FMCG industry.
KEY GEOGRAPHIES COVERED:
• North America: the United States and
Canada
• Europe: United Kingdom, France,
Germany, Spain, Italy, Belgium, Nordic Countries and Rest of Europe
• Asia-Pacific: China, Japan, India,
Australia & New Zealand, South Korea, ASEAN Countries, and Rest of
Asia-Pacific
• Latin America: Brazil, Mexico,
Argentina, and Rest of Latin America
• Middle East And Africa: Saudi Arabia,
United Arab Emirates, Egypt, South Africa, and Rest of Middle East & Africa
SEGMENTATION ANALYSIS - RECYCLED POLYETHYLENE
TEREPHTHALATE MARKET
• Market
by Product:
o Clear
o Colored
The
clear form is the most used rPET due to its broad use in food and non-food
applications and low-cost manufacturing. To manufacture containers and bottles,
most companies favor clear granules or flakes over opaque or colored PET.
Furthermore, transparent rPET goods aid in the detection of product variations
such as color change, fungus development, and chemical reaction.
• Market
by Application:
o Fiber
o Sheet
& Film
o Strapping
o Food
and Beverage Bottles & Containers
o Non-Food
Bottles & Containers
o Other
Applications
T-shirts
and coats, for example, are made using fiber from recycled PET. It is also used
to make automotive seat coverings, couch and chair seat covers, and carpets.
Increasing investments in sports activities worldwide boost the expansion of
the sports apparel and accessories segment, fueling the demand for recycled PET
fibers. The low cost of garment manufacturing and favorable government
restrictions are projected to stimulate demand for recovered PET. Jerseys for
sports teams are the most frequent goods made from recycled PET fiber. The
demand for jerseys has expanded significantly in the Asia-Pacific over the last
decade, owing to growing sporting activities, particularly in China and India.
COMPETITIVE LANDSCAPE
The
competitive landscape helps dive into data about the key players in the
recycled polyethylene terephthalate market. The strategic initiatives for each
studied company have been covered in detail.
Acquisition (September 2021): Biffa acquired
Viridor Waste Management Limited
Biffa
purchased Viridor Waste Management Limited’s Collections division and several
recycling assets in September 2021. The purchase is intended to enhance Biffa’s
I&C collections business and recycling capabilities, broadening the Group’s
customer base and boosting its leadership position in sustainable waste
management in the UK.
Acquisition (June 2021): Indorama Ventures
acquired CarbonLite Holdings
Indorama
Ventures acquired the CarbonLite Holdings plant in Texas as part of the company’s
goal to increase PET recycling capacity.
Key Benefits of the Report:
●
Triton
Market Research has a collective experience of 25-30 years in the industry,
with its analysts and experts encompassing the most infallible research
methodology for its market intelligence and industry analysis.
●
Our
research methodology helps in achieving a broader consensus of the market size,
shape, and industry trends within each industry segment.
●
The
strategy adopted in designing the research methodology includes the
amalgamation of the information assembled from primary and secondary sources,
with the assistance of analytical tools to construct the forecast and
predictive models.
●
The
scope of the market report comprises the current scenario of the global
recycled polyethylene terephthalate market, along with a detailed overview of
the industry outlook, market dynamics, segmentation analysis, regional outlook,
and competitive landscape for the period 2022-2028.
FAQs:
Q 1) What are the major players in the recycled
polyethylene terephthalate market report?
Biffa,
Carbonlite Industries, Clear Path Recycling LLC, DuFor, and Evergreen Plastics
Inc are some of the major players in the r-PET market.
Q 2) Which type of Application is the largest?
Fiber held the highest share in the application
segment of the recycled polyethylene terephthalate market.
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VIEW REPORT1. GLOBAL
RECYCLED POLYETHYLENE TEREPHTHALATE MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT OF COVID-19 ON THE RECYCLED
POLYETHYLENE TEREPHTHALATE MARKET
2.2. KEY INSIGHTS
2.2.1. INCREASING CONCERNS RELATED TO
PLASTIC POLLUTION
2.2.2. HIGHER DEMAND FOR RECYCLING IN FMCG
SECTOR
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTES
2.3.3. BARGAINING POWER OF BUYERS
2.3.4. BARGAINING POWER OF SUPPLIERS
2.3.5. THREAT OF COMPETITIVE RIVALRY
2.4. MARKET ATTRACTIVENESS INDEX
2.5. VENDOR SCORECARD
2.6. REGULATORY FRAMEWORK
2.7. KEY MARKET STRATEGIES
2.7.1. ACQUISITIONS
2.7.2. PRODUCT LAUNCHES
2.7.3. CONTRACTS & AGREEMENTS
2.8. MARKET DRIVERS
2.8.1. GROWING AWARENESS TOWARD
SUSTAINABILITY
2.8.2. GOVERNMENT RESTRICTIONS ON LANDFILLS
2.9. MARKET CHALLENGE
2.9.1. TOXIC EMISSIONS FROM THE RECYCLING PROCESS
2.10. MARKET OPPORTUNITY
2.10.1. INCREASE IN RECYCLING FACILITIES IN
EMERGING ECONOMIES
3. GLOBAL
RECYCLED POLYETHYLENE TEREPHTHALATE MARKET OUTLOOK - BY PRODUCT
3.1. CLEAR
3.2. COLORED
4. GLOBAL
RECYCLED POLYETHYLENE TEREPHTHALATE MARKET OUTLOOK - BY APPLICATION
4.1. FIBER
4.2. SHEET & FILM
4.3. STRAPPING
4.4. FOOD AND BEVERAGE BOTTLES &
CONTAINERS
4.5. NON-FOOD BOTTLES & CONTAINERS
4.6. OTHER APPLICATIONS
5. GLOBAL
RECYCLED POLYETHYLENE TEREPHTHALATE MARKET - REGIONAL OUTLOOK
5.1. NORTH AMERICA
5.1.1. MARKET BY PRODUCT
5.1.2. MARKET BY APPLICATION
5.1.3. COUNTRY ANALYSIS
5.1.3.1. UNITED STATES
5.1.3.2. CANADA
5.2. EUROPE
5.2.1. MARKET BY PRODUCT
5.2.2. MARKET BY APPLICATION
5.2.3. COUNTRY ANALYSIS
5.2.3.1. UNITED KINGDOM
5.2.3.2. GERMANY
5.2.3.3. FRANCE
5.2.3.4. SPAIN
5.2.3.5. ITALY
5.2.3.6. BELGIUM
5.2.3.7. NORDIC COUNTRIES
5.2.3.8. REST OF EUROPE
5.3. ASIA-PACIFIC
5.3.1. MARKET BY PRODUCT
5.3.2. MARKET BY APPLICATION
5.3.3. COUNTRY ANALYSIS
5.3.3.1. CHINA
5.3.3.2. JAPAN
5.3.3.3. INDIA
5.3.3.4. SOUTH KOREA
5.3.3.5. ASEAN COUNTRIES
5.3.3.6. AUSTRALIA & NEW ZEALAND
5.3.3.7. REST OF ASIA-PACIFIC
5.4. LATIN AMERICA
5.4.1. MARKET BY PRODUCT
5.4.2. MARKET BY APPLICATION
5.4.3. COUNTRY ANALYSIS
5.4.3.1. BRAZIL
5.4.3.2. MEXICO
5.4.3.3. ARGENTINA
5.4.3.4. REST OF LATIN AMERICA
5.5. MIDDLE EAST AND AFRICA
5.5.1. MARKET BY PRODUCT
5.5.2. MARKET BY APPLICATION
5.5.3. COUNTRY ANALYSIS
5.5.3.1. UNITED ARAB EMIRATES
5.5.3.2. SAUDI ARABIA
5.5.3.3. EGYPT
5.5.3.4. SOUTH AFRICA
5.5.3.5. REST OF MIDDLE EAST & AFRICA
6. COMPETITIVE
LANDSCAPE
6.1. BIFFA
6.2. CARBONLITE INDUSTRIES
6.3. CLEAR PATH RECYCLING LLC
6.4. DUFOR
6.5. EVERGREEN PLASTICS INC
6.6. FAR EASTERN NEW CENTURY CORPORATION
6.7. INDORAMA VENTURES PUBLIC LTD
6.8. LIBOLON
6.9. PHOENIX
TECHNOLOGIES
6.10. PLACON
6.11. PLASTIPAK HOLDINGS INC
6.12. POLYQUEST
6.13. PORTAGE PLASTICS
6.14. ULTREPET
6.15. ZHEJIANG ANSHUN PETTECHS FIBRE CO
LTD
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH SCOPE & DELIVERABLES
7.2. SOURCES OF DATA
7.3. RESEARCH METHODOLOGY
TABLE
1: GLOBAL RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY REGIONAL OUTLOOK,
2022-2028 (IN $ MILLION)
TABLE
2: VENDOR SCORECARD
TABLE
3: REGULATORY FRAMEWORK
TABLE
4: GLOBAL RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY PRODUCT, 2022-2028 (IN
$ MILLION)
TABLE
5: GLOBAL RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY APPLICATION, 2022-2028
(IN $ MILLION)
TABLE
6: GLOBAL RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY REGIONAL OUTLOOK,
2022-2028 (IN $ MILLION)
TABLE
7: NORTH AMERICA RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY COUNTRY
OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE
8: NORTH AMERICA RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY PRODUCT,
2022-2028 (IN $ MILLION)
TABLE
9: NORTH AMERICA RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY APPLICATION,
2022-2028 (IN $ MILLION)
TABLE
10: EUROPE RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY COUNTRY OUTLOOK,
2022-2028 (IN $ MILLION)
TABLE
11: EUROPE RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY PRODUCT, 2022-2028
(IN $ MILLION)
TABLE
12: EUROPE RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY APPLICATION,
2022-2028 (IN $ MILLION)
TABLE
13: ASIA-PACIFIC RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY COUNTRY
OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE
14: ASIA-PACIFIC RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY PRODUCT,
2022-2028 (IN $ MILLION)
TABLE
15: ASIA-PACIFIC RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY APPLICATION,
2022-2028 (IN $ MILLION)
TABLE
16: LATIN AMERICA RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY COUNTRY
OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE
17: LATIN AMERICA RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY PRODUCT,
2022-2028 (IN $ MILLION)
TABLE
18: LATIN AMERICA RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY APPLICATION,
2022-2028 (IN $ MILLION)
TABLE
19: MIDDLE EAST AND AFRICA RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY
COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE
20: MIDDLE EAST AND AFRICA RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY
PRODUCT, 2022-2028 (IN $ MILLION)
TABLE
21: MIDDLE EAST AND AFRICA RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY
APPLICATION, 2022-2028 (IN $ MILLION)
FIGURE
1: MARKET ATTRACTIVENESS INDEX
FIGURE
2: GLOBAL RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY PRODUCT, 2021 &
2028 (IN %)
FIGURE
3: GLOBAL RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY CLEAR, 2022-2028 (IN $
MILLION)
FIGURE
4: GLOBAL RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY COLORED, 2022-2028 (IN
$ MILLION)
FIGURE
5: GLOBAL RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY APPLICATION, 2021
& 2028 (IN %)
FIGURE
6: GLOBAL RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY FIBER, 2022-2028 (IN $
MILLION)
FIGURE
7: GLOBAL RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY SHEET & FILM,
2022-2028 (IN $ MILLION)
FIGURE
8: GLOBAL RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY STRAPPING, 2022-2028
(IN $ MILLION)
FIGURE
9: GLOBAL RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY FOOD AND BEVERAGE
BOTTLES & CONTAINERS, 2022-2028 (IN $ MILLION)
FIGURE
10: GLOBAL RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY NON-FOOD BOTTLES
& CONTAINERS, 2022-2028 (IN $ MILLION)
FIGURE
11: GLOBAL RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, BY OTHER APPLICATIONS,
2022-2028 (IN $ MILLION)
FIGURE
12: GLOBAL RECYCLED POLYETHYLENE TEREPHTHALATE MARKET, REGIONAL OUTLOOK, 2021
& 2028 (IN %)
FIGURE
13: UNITED STATES RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028 (IN $
MILLION)
FIGURE
14: CANADA RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028 (IN $ MILLION)
FIGURE
15: UNITED KINGDOM RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028 (IN $
MILLION)
FIGURE
16: GERMANY RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028 (IN $ MILLION)
FIGURE
17: FRANCE RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028 (IN $ MILLION)
FIGURE
18: SPAIN RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028 (IN $ MILLION)
FIGURE
19: ITALY RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028 (IN $ MILLION)
FIGURE
20: BELGIUM RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028 (IN $ MILLION)
FIGURE
21: NORDIC COUNTRIES RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028 (IN $
MILLION)
FIGURE
22: REST OF EUROPE RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028 (IN $
MILLION)
FIGURE
23: CHINA RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028 (IN $ MILLION)
FIGURE
24: JAPAN RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028 (IN $ MILLION)
FIGURE
25: INDIA RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028 (IN $ MILLION)
FIGURE
26: SOUTH KOREA RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028 (IN $
MILLION)
FIGURE
27: ASEAN COUNTRIES RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028 (IN $
MILLION)
FIGURE
28: AUSTRALIA & NEW ZEALAND RECYCLED POLYETHYLENE TEREPHTHALATE MARKET
2022-2028 (IN $ MILLION)
FIGURE
29: REST OF ASIA-PACIFIC RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028
(IN $ MILLION)
FIGURE
30: BRAZIL RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028 (IN $ MILLION)
FIGURE
31: MEXICO RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028 (IN $ MILLION)
FIGURE
32: ARGENTINA RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028 (IN $
MILLION)
FIGURE
33: REST OF LATIN AMERICA RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028
(IN $ MILLION)
FIGURE
34: UNITED ARAB EMIRATES RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028
(IN $ MILLION)
FIGURE
35: SAUDI ARABIA RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028 (IN $
MILLION)
FIGURE
36: EGYPT RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028 (IN $ MILLION)
FIGURE
37: SOUTH AFRICA RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028 (IN $
MILLION)
FIGURE
38: REST OF MIDDLE EAST & AFRICA RECYCLED POLYETHYLENE TEREPHTHALATE MARKET
2022-2028 (IN $ MILLION)