Report Id: SNS/C&M/2150 | July 2022 | Region: Global | 129 Pages
Report Scope & Overview:
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.
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
The prices of recycled plastics are high
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.
Far Eastern New Century Corporation, Biffa, Indorama Ventures Public Limited, Plastipak Holdings Inc, Alpek, and other players.
Bottles & Containers
Films & Sheets
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|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|
|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, and other players.|
|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 (FAQ) :
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.
Ans: Recycled PET Market Size was valued at USD 9.0 billion in 2021, and expected to reach USD 13.54 billion by 2028, and grow at a CAGR of 6.0 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
220.127.116.11 United Kingdom
18.104.22.168 South Korea
22.214.171.124 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
10.Recycled PET Market Segment, By Application
11.Recycled PET Market Segment, By Source
11.1 Bottles & Containers
11.2 Films & Sheets
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profile
13.1 Far Eastern New Century Corporation,
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.3 Indorama Ventures Public Limited
13.4 Plastipak Holdings Inc
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
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