The Global Recycled Polyethylene Terephthalate (rPET) Market Size accounted for USD 9,124 Million in 2021 and is estimated to achieve a market size of USD 17,258 Million by 2030 growing at a CAGR of 7.6% from 2022 to 2030. The growing recycling processes, and a shift in consumer preferences toward sustainability, are major factors driving the recycled polyethylene terephthalate (rPET) market growth. Furthermore, increased demand for recycled polyethylene terephthalate from the f&b industry, as well as stringent landfill regulations, are expected to fuel the recycled polyethylene terephthalate (rPET) market value.
Recycled Polyethylene Terephthalate (rPET) Market Report Key Highlights
- Global recycled polyethylene terephthalate (rPET) market revenue is estimated to expand by USD 17,258 million by 2030, with a 7.6% CAGR from 2022 to 2030.
- Asia-Pacific recycled polyethylene terephthalate (rPET) market share accounted for over 39% of total market shares in 2021
- Europe recycled polyethylene terephthalate (rPET) market growth will observe highest CAGR from 2022 to 2030
- Based on product, clear segment accounted for over 74% of the overall market share in 2021
- Among end-uses, fiber segment engaged more than 41% of the total market share
- Changing consumer behavior toward sustainability, drives the recycled polyethylene terephthalate (rPET) market size
Recycled polyethylene terephthalate (rPET) is a transparent, tough, lightweight plastic that is 100% recyclable. PET plastic is completely recyclable, adaptable, and intended to be reused. This compound is a polymer made by mixing pure terephthalic acid with modified ethylene glycol. PET container and bottle fibers are regularly dissolved and produced into fiberfill or carpet fibers.
Global Recycled Polyethylene Terephthalate (rPET) Market Trends
Market Drivers
- Growing number of recycling facilities over the globe
- Changing consumer behavior toward sustainability
- Growing demand from the food and beverage sector for rPET
- Stringent rules and regs on waste disposal
Market Restraints
- Lack of an appropriate framework for managing plastic waste
- Emission of a carcinogenic compound
Market Opportunities
- Growing need for environmentally friendly packaging solutions
- Implementation of stringent regulation by governments
Recycled Polyethylene Terephthalate (rPET) Market Report Coverage
Market |
Recycled Polyethylene Terephthalate (rPET) Market |
Recycled Polyethylene Terephthalate (rPET) Market Size 2021 |
USD 9,124 Million |
Recycled Polyethylene Terephthalate (rPET) Market Forecast 2030 |
USD 17,258 Million |
Recycled Polyethylene Terephthalate (rPET) Market CAGR During 2022 - 2030 |
7.6% |
Recycled Polyethylene Terephthalate (rPET) Market Analysis Period |
2018 - 2030 |
Recycled Polyethylene Terephthalate (rPET) Market Base Year |
2021 |
Recycled Polyethylene Terephthalate (rPET) Market Forecast Data |
2022 - 2030 |
Segments Covered |
By Product, By End-Use, And By Geography
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled |
Libolon, Placon, Phoenix Technologies, Clear Path Recycling LLC, Evergreen Plastics, Inc., Verdeco Recycling, Inc., PolyQuest, M&G Chemicals, and Zhejiang Anshun Pettechs Fibre Co., Ltd.
|
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Recycled Polyethylene Terephthalate (rPET) Market Dynamics
In the current era, clients have become more aware of environmental sustainability which has helped the development of the industry. Also, the ban on landfills launched in numerous emerging nations in North America and Europe is expected to drive the rPET market over the estimated period. Based on revenue, the industry in the U.S. signified a sizeable share of the overall revenue in 2021. It is expected to develop at a CAGR of 8.0% over the prediction period. The U.S. is not only the major industry of rPET in North America but also one of the largest markets internationally.
Apart from the occurrence of a limited numeral of recycling plants, the U.S. has managed to become one of the largest PET recycling nations internationally. The nation has around 31.0% PET bottle collection rate which is higher than the worldwide average as well as that of Canada. The industry in Canada is mainly determined by growing prices and the high import volume of colored and clear recycled polyethylene terephthalate products. Clear-type PET bottles were the furthermost recycled PET bottles in 2021. The Canadian recycled polyethylene terephthalate market has been observing a high development over the last five years owing to substantial investments in this industry.
Recycled Polyethylene Terephthalate (rPET) Market Segmentation
The worldwide recycled polyethylene terephthalate (rPET) market segmentation is based on the product, end-use, and geography.
Recycled Polyethylene Terephthalate (rPET) Market By Product
According to recycled polyethylene terephthalate (rPET) industry research, the clear segment leads the market and holds the largest share in 2021. The clear segment is likely to be driven by low energy requirements and the convenience of bottle-to-bottle recycling over the projected timeframe. The clear type is the most commonly used rPET due to its extensive use in food and non-food activities and the low manufacturing costs connected with it. To make containers and bottles, most manufacturers favor clear particles or flakes over opaque or colored PET. Furthermore, clear rPET solutions aid in the monitoring of unique products such as color change, fungus development, and chemical reaction caused by insufficient storage conditions.
Recycled Polyethylene Terephthalate (rPET) Market By End-Use
- Fiber
- Strapping
- Sheet and Film
- Non-Food Containers and Bottles
- Food & Beverage Containers and Bottles
- Others
According to the recycled polyethylene terephthalate (rPET) market forecast, the fiber segment is expected to grow significantly in the market over the coming years. The growth of the segment is being driven by the significant demand from the FMCG, automotive, consumer goods, apparel & accessories, telecommunication, textile, & home furnishings industries. Fiber is mostly utilized in the manufacture of cushions, beds, insulation items, and automobile seating.
Recycled Polyethylene Terephthalate (rPET) Market Regional Outlook
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Asia-Pacific Holds The Largest Share Of The Global Recycled Polyethylene Terephthalate (rPET) Market
Asia-Pacific was the significant income contributor in 2021. It is composed to be the largest regional industry through 2030. Asia-Pacific is characterized by the obtainability of an important amount of skilled labor at low cost and easy accessibility of land. A drift in the production landscape towards developing economies, predominantly India and China, is expected to optimistically influence the development of the market over the estimated period. Growing bottle-to-bottle production and the thriving beverages industry in Asia-Pacific are projected to drive the recycled PET market over the prediction period. rPET packaging for food & beverages delivers environmental impact resistance and thermal insulation. The packaging also shows to be pocket friendly due to the low cost involved in its production. With the growing population in developing countries of Latin America and Asia-Pacific is possible to gear up the demand for recycled polyethylene terephthalate (rPET) bottles and containers.
Spiraling the need for food and non-food bottles across a large numeral of end-use businesses and improving financial conditions are the main factors fuelling the need for recycled polyethylene terephthalate (rPET) in Latin America. Growing per capita income, paired with the increasing FMCG market, is helping the industry flourish in the region.
Recycled Polyethylene Terephthalate (rPET) Market Players
Some of the top recycled polyethylene terephthalate (rPET) market companies offered in the professional report include Libolon, Placon, Phoenix Technologies, Clear Path Recycling LLC, Evergreen Plastics, Inc., Verdeco Recycling, Inc., PolyQuest, M&G Chemicals, and Zhejiang Anshun Pettechs Fibre Co., Ltd.
CHAPTER 1. Industry Overview of Recycled Polyethylene Terephthalate (rPET) Market
1.1. Definition and Scope
1.1.1. Definition of Recycled Polyethylene Terephthalate (rPET)
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Recycled Polyethylene Terephthalate (rPET) Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Recycled Polyethylene Terephthalate (rPET) Market By Product
1.2.3. Recycled Polyethylene Terephthalate (rPET) Market By End-Use
1.2.4. Recycled Polyethylene Terephthalate (rPET) Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Recycled Polyethylene Terephthalate (rPET) Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Recycled Polyethylene Terephthalate (rPET) Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Regulatory Compliance
3.9. Competitive Landscape, 2021
3.9.1. Player Positioning Analysis
3.9.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Recycled Polyethylene Terephthalate (rPET) Market By Product
4.1. Introduction
4.2. Recycled Polyethylene Terephthalate (rPET) Revenue By Product
4.2.1. Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast, By Product, 2018-2030
4.2.2. Clear
4.2.2.1. Clear Market Revenue (USD Million) and Growth Rate (%), 2018-2030
4.2.3. Colored
4.2.3.1. Colored Market Revenue (USD Million) and Growth Rate (%), 2018-2030
CHAPTER 5. Recycled Polyethylene Terephthalate (rPET) Market By End-Use
5.1. Introduction
5.2. Recycled Polyethylene Terephthalate (rPET) Revenue By End-Use
5.2.1. Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast, By End-Use, 2018-2030
5.2.2. Fiber
5.2.2.1. Fiber Market Revenue (USD Million) and Growth Rate (%), 2018-2030
5.2.3. Strapping
5.2.3.1. Strapping Market Revenue (USD Million) and Growth Rate (%), 2018-2030
5.2.4. Sheet and Film
5.2.4.1. Sheet and Film Market Revenue (USD Million) and Growth Rate (%), 2018-2030
5.2.5. Non-Food Containers and Bottles
5.2.5.1. Non-Food Containers and Bottles Market Revenue (USD Million) and Growth Rate (%), 2018-2030
5.2.6. Food & Beverage Containers and Bottles
5.2.6.1. Food & Beverage Containers and Bottles Market Revenue (USD Million) and Growth Rate (%), 2018-2030
5.2.7. Others
5.2.7.1. Others Market Revenue (USD Million) and Growth Rate (%), 2018-2030
CHAPTER 6. North America Recycled Polyethylene Terephthalate (rPET) Market By Country
6.1. North America Recycled Polyethylene Terephthalate (rPET) Market Overview
6.2. U.S.
6.2.1. U.S. Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By Product, 2018-2030
6.2.2. U.S. Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By End-Use, 2018-2030
6.3. Canada
6.3.1. Canada Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By Product, 2018-2030
6.3.2. Canada Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By End-Use, 2018-2030
6.4. North America PEST Analysis
CHAPTER 7. Europe Recycled Polyethylene Terephthalate (rPET) Market By Country
7.1. Europe Recycled Polyethylene Terephthalate (rPET) Market Overview
7.2. U.K.
7.2.1. U.K. Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By Product, 2018-2030
7.2.2. U.K. Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By End-Use, 2018-2030
7.3. Germany
7.3.1. Germany Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By Product, 2018-2030
7.3.2. Germany Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By End-Use, 2018-2030
France
7.3.3. France Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By Product, 2018-2030
7.3.4. France Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By End-Use, 2018-2030
7.4. Spain
7.4.1. Spain Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By Product, 2018-2030
7.4.2. Spain Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By End-Use, 2018-2030
7.5. Rest of Europe
7.5.1. Rest of Europe Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By Product, 2018-2030
7.5.2. Rest of Europe Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By End-Use, 2018-2030
7.6. Europe PEST Analysis
CHAPTER 8. Asia Pacific Recycled Polyethylene Terephthalate (rPET) Market By Country
8.1. Asia Pacific Recycled Polyethylene Terephthalate (rPET) Market Overview
8.2. China
8.2.1. China Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By Product, 2018-2030
8.2.2. China Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By End-Use, 2018-2030
8.3. Japan
8.3.1. Japan Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By Product, 2018-2030
8.3.2. Japan Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By End-Use, 2018-2030
8.4. India
8.4.1. India Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By Product, 2018-2030
8.4.2. India Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By End-Use, 2018-2030
8.5. Australia
8.5.1. Australia Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By Product, 2018-2030
8.5.2. Australia Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By End-Use, 2018-2030
8.6. South Korea
8.6.1. South Korea Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By Product, 2018-2030
8.6.2. South Korea Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By End-Use, 2018-2030
8.7. Rest of Asia-Pacific
8.7.1. Rest of Asia-Pacific Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By Product, 2018-2030
8.7.2. Rest of Asia-Pacific Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By End-Use, 2018-2030
8.8. Asia Pacific PEST Analysis
CHAPTER 9. Latin America Recycled Polyethylene Terephthalate (rPET) Market By Country
9.1. Latin America Recycled Polyethylene Terephthalate (rPET) Market Overview
9.2. Brazil
9.2.1. Brazil Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By Product, 2018-2030
9.2.2. Brazil Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By End-Use, 2018-2030
9.3. Mexico
9.3.1. Mexico Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By Product, 2018-2030
9.3.2. Mexico Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By End-Use, 2018-2030
9.4. Rest of Latin America
9.4.1. Rest of Latin America Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By Product, 2018-2030
9.4.2. Rest of Latin America Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By End-Use, 2018-2030
9.5. Latin America PEST Analysis
CHAPTER 10. Middle East & Africa Recycled Polyethylene Terephthalate (rPET) Market By Country
10.1. Middle East & Africa Recycled Polyethylene Terephthalate (rPET) Market Overview
10.2. GCC
10.2.1. GCC Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By Product, 2018-2030
10.2.2. GCC Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By End-Use, 2018-2030
10.3. South Africa
10.3.1. South Africa Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By Product, 2018-2030
10.3.2. South Africa Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By End-Use, 2018-2030
10.4. Rest of Middle East & Africa
10.4.1. Rest of Middle East & Africa Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By Product, 2018-2030
10.4.2. Rest of Middle East & Africa Recycled Polyethylene Terephthalate (rPET) Revenue (USD Million) and Forecast By End-Use, 2018-2030
10.5. Middle East & Africa PEST Analysis
CHAPTER 11. Player Analysis Of Recycled Polyethylene Terephthalate (rPET) Market
11.1. Recycled Polyethylene Terephthalate (rPET) Market Company Share Analysis
11.2. Competition Matrix
11.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
11.2.2. New Product Launches and Product Enhancements
11.2.3. Mergers And Acquisition In Global Recycled Polyethylene Terephthalate (rPET) Market
11.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 12. Company Profile
12.1. Libolon
12.1.1. Company Snapshot
12.1.2. Business Overview
12.1.3. Financial Overview
12.1.3.1. Revenue (USD Million), 2021
12.1.3.2. Libolon 2021 Recycled Polyethylene Terephthalate (rPET) Business Regional Distribution
12.1.4. Product/Service and Specification
12.1.5. Recent Developments & Business Strategy
12.2. Placon
12.3. Phoenix Technologies
12.4. Clear Path Recycling LLC
12.5. Evergreen Plastics, Inc.
12.6. Verdeco Recycling, Inc.
12.7. PolyQuest
12.8. M&G Chemicals
12.9. Zhejiang Anshun Pettechs Fibre Co., Ltd.