GLOBAL RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028

Consumer Goods & Services | Packaging

GLOBAL RECYCLED POLYETHYLENE TEREPHTHALATE MARKET 2022-2028

Market by Product, Application, and Regional Outlook | Forecast 2022-2028

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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.

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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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Table of Content

1. 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

List of Tables

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)

List of Figures

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)

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