Recycled PET Market Report Scope & Overview:

The Recycled PET Market Size was valued at USD 9.54 billion in 2022, and is expected to reach USD 15.20 billion by 2030, and grow at a CAGR of 6.0% over the forecast period 2023-2030.

PET, which stands for polyethylene terephthalate, is a type of polyester that can be recycled a lot. It is a polymer made from ethylene glycol that has been changed and terephthalic acid that has been cleaned. RPET stands for "recycled polyethylene terephthalate," and it is the type of plastic that is recycled the most. At material recovery centres, recyclable materials like PET can be separated from other recyclables and baled so they can be taken to a PET recycling facility. Focus on safe ways to handle and store bales, just like you would with other discarded materials, to keep product contamination from happening.  PET packaging and containers for both food and non-food products. Depending on the goal, it is usually mixed in a certain ratio of new to recycled.

Recycled PET Market Revenue Analysis

Get more information on Recycled PET Market - Request Sample Report

Market Dynamics:


  • The food and drink industry is asking for more RPET

  • Laws and rules that governments have to follow


  • Lack of the Right Structure for Collecting and Sorting Plastic Waste

  • There are fewer treatment plants and not enough people who know how to recycle pet waste.


  • Demand for environmentally friendly packaging is growing


Impact of COVID-19:

Major Tier I and Tier II suppliers in the global Recycled PET market include Indorama Ventures Public Limited, Biffa, Far Eastern New Century Corporation, Plastipak Holdings Inc, and Alpek. These suppliers have their factories in different countries in Asia Pacific, Europe, North America, and the Rest of the World. Their businesses have also been hurt by COVID-19.

In 2020-2021, the rate of growth of the global Recycled PET market is expected to slow down a little bit. This is because the covid-19 pandemic is making it harder to recycle plastic. Several countries that make recycled PET are on lockdown because of the pandemic. This has slowed down production. The most PET is made in APAC and Europe, and it is used in many different industries. All of these things have caused problems in the supply chain of the Recycled PET market. This is because many manufacturing units have had to slow down their work.

Market Segment:

By Type

  • RPET Flakes

By Grade

  • Grade A

  • Grade

By Application

  • Bottles

  • Fiber

  • Sheets

  • Strapping

  • Others

By Source

  • Bottles & Containers

  • Films & Sheets

  • Others

Recycled PET Market Segmentation Analysis

Get Customized Report as per your Business Requirement - Request For Customized Report

Regional Analysis:

In 2020, more than 54 percent of all sales came from Asia Pacific, making it the biggest region. During the time period predicted, it is expected to keep its lead. The regional market stands out because it has a lot of land and skilled workers who don't cost much. During the period of the forecast, the trend toward growth in emerging economies, especially China and India, is expected to boost the growth of regional markets.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players:

The Key Players are Far Eastern New Century Corporation, Biffa, Indorama Ventures Public Limited, Plastipak Holdings Inc, Alpek & Other Players.

Plastipak Holdings Inc-Company Financial Analysis

Recycled PET Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 9.54 Billion
Market Size by 2030 US$ 15.20 Billion
CAGR CAGR of 6.0% From 2023 to 2030
Base Year 2022
Forecast Period


Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (RPET Flakes)
• By Grade (Grade A, Grade)
• By Application (Bottles, Fiber, Sheets, Strapping, Others)
• By Source (Bottles & Containers, Films & Sheets, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Far Eastern New Century Corporation, Biffa, Indorama Ventures Public Limited, Plastipak Holdings Inc, Alpek
DRIVERS • The food and drink industry is asking for more Rpet.
• Laws and rules that governments have to follow
Opportunity • Lack of the Right Structure for Collecting and Sorting Plastic Waste
• There are fewer treatment plants and not enough people who know how to recycle pet waste.


Frequently Asked Questions

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.


Ans: Far Eastern New Century Corporation, Biffa, Indorama Ventures Public Limited, Plastipak Holdings Inc, Alpek, and other players are the major key players of  Recycled PET Market.

Ans: The prices of recycled plastics are high are the challenges faced by the Recycled PET Market.

Ans:  Lack of the Right Structure for Collecting and Sorting Plastic Waste and There are fewer treatment plants and not enough people who know how to recycle pet waste are the restraints for Recycled PET Market.

Recycled PET Market Size was valued at USD 9.54 billion in 2022, and is expected to reach USD 15.20 billion by 2030, and grow at a CAGR of 6.0% over the forecast period 2023-2030.


Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Recycled PET Market Segment, By Type

8.1 RPET Flakes

9. Recycled PET Market Segment, By Grade

9.1 Grade A

9.2 Grade

10. Recycled PET Market Segment, By Application

10.1 Bottles

10.2 Fiber

10.3 Sheets

10.4 Strapping

10.5 Others

11. Recycled PET Market Segment, By Source

11.1 Bottles & Containers

11.2 Films & Sheets

11.3 Others

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

13. Company Profile

13.1 Far Eastern New Century Corporation,

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Biffa

13.3 Indorama Ventures Public Limited

13.4 Plastipak Holdings Inc

13.5 Alpek

14. Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share Analysis

14.3 Recent Developments

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.


The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Start a Conversation

Hi! Click one of our member below to chat on Phone