Recycled Polyethylene Terephthalate Trends and Forecast
The future of the global recycled polyethylene terephthalate market looks promising with opportunities in the fiber, sheet & film, strapping, food & beverage containers & bottle, and non-food containers & bottle markets. The global recycled polyethylene terephthalate market is expected to reach an estimated $19.4 billion by 2030 with a CAGR of 7.2% from 2024 to 2030. The major drivers for this market are increasing sustainability initiatives implemented by packaging and food businesses, growing consumer initiatives to create a circular economy and the use of recycled plastics in packaging, textiles, and other end-use sectors.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Recycled Polyethylene Terephthalate by Segment
The study includes a forecast for the global recycled polyethylene terephthalate by type, end use, and region.
Recycled Polyethylene Terephthalate Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Clear
• Colored
Recycled Polyethylene Terephthalate Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Fiber
• Sheet & Film
• Strapping
• Food & Beverage Containers & Bottles
• Non-Food Containers & Bottles
• Others
Recycled Polyethylene Terephthalate Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Recycled Polyethylene Terephthalate Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies recycled polyethylene terephthalate companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the recycled polyethylene terephthalate companies profiled in this report include-
• Placon
• Clear Path Recycling
• Verdeco Recycling
• Indorama Ventures
• Zhejiang Anshun Pettechs Fibre
• PolyQuest
• Evergreen Plastics
• Phoenix Technologies
• Libolon
• Biffa
Recycled Polyethylene Terephthalate Market Insights
Lucintel forecasts that clear is expected to witness the highest growth over the forecast period due to its strength, portability, non-reactiveness, and shatterproof qualities.
Within this market, fiber will remain the largest segment due to low production cost of clothing along with favorable government regulations.
APAC is expected to witness highest growth over the forecast period due to production landscape shifting in favor of emerging economies, especially China and India, along with the affordability of a sizable pool of skilled workers and the ease of access to land.
Features of the Global Recycled Polyethylene Terephthalate Market
Market Size Estimates: Recycled polyethylene terephthalate market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Recycled polyethylene terephthalate market size by type, end use, and region in terms of value ($B).
Regional Analysis: Recycled polyethylene terephthalate market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, end use, and regions for the recycled polyethylene terephthalate market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the recycled polyethylene terephthalate market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the recycled polyethylene terephthalate market size?
Answer: The global recycled polyethylene terephthalate market is expected to reach an estimated $19.4 billion by 2030.
Q2. What is the growth forecast for recycled polyethylene terephthalate market?
Answer: The global recycled polyethylene terephthalate market is expected to grow with a CAGR of 7.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the recycled polyethylene terephthalate market?
Answer: The major drivers for this market are increasing sustainability initiatives implemented by packaging and food businesses, growing consumer initiatives to create a circular economy and the use of recycled plastics in packaging, textiles, and other end-use sectors.
Q4. What are the major segments for recycled polyethylene terephthalate market?
Answer: The future of the global recycled polyethylene terephthalate market looks promising with opportunities in the fiber, sheet & film, strapping, food & beverage containers & bottle, and non-food containers & bottle markets.
Q5. Who are the key recycled polyethylene terephthalate market companies?
Answer: Some of the key recycled polyethylene terephthalate companies are as follows:
• Placon
• Clear Path Recycling
• Verdeco Recycling
• Indorama Ventures
• Zhejiang Anshun Pettechs Fibre
• PolyQuest
• Evergreen Plastics
• Phoenix Technologies
• Libolon
• Biffa
Q6. Which recycled polyethylene terephthalate market segment will be the largest in future?
Answer: Lucintel forecasts that clear is expected to witness the highest growth over the forecast period due to its strength, portability, non-reactiveness, and shatterproof qualities.
Q7. In recycled polyethylene terephthalate market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to production landscape shifting in favor of emerging economies, especially China and India, along with the affordability of a sizable pool of skilled workers and the ease of access to land.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the recycled polyethylene terephthalate market by type (clear and colored), end use (fiber, sheet & film, strapping, food & beverage containers & bottles, non-food containers & bottles, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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