Global Recycled Polyethylene Terephthalate Market Size Study, by Type, by Grade, by Source, by Application, by Color, by End Use, and Regional Forecasts 2022-2032

Description

The Global Recycled Polyethylene Terephthalate Market, valued at approximately USD 10.8 billion in 2023, is expected to exhibit a robust compound annual growth rate (CAGR) of 8.50% during the forecast period from 2024 to 2032. Recycled Polyethylene Terephthalate (rPET) plays a pivotal role in the sustainability movement, driving its adoption across various sectors such as packaging, textiles, and consumer goods. The rising emphasis on reducing plastic waste and transitioning towards circular economy principles significantly boosts the rPET market's growth trajectory.

Recycled PET offers a dual advantage: it reduces reliance on virgin materials and addresses environmental concerns related to plastic waste accumulation. Applications in bottles, fibers, and strapping are growing exponentially, particularly in industries where sustainability is a critical driver. Moreover, the use of clear and colored rPET in diverse end-use industries underscores its versatility. However, challenges such as the high cost of recycling infrastructure and stringent regulatory standards on recycled plastic quality might hinder market growth.

Technological advancements in recycling processes are further refining the quality and efficiency of rPET production. From improved sorting mechanisms to advanced cleaning technologies, the industry is innovating to ensure rPET meets the highest standards for end-user applications. Additionally, the rise of government policies promoting plastic recycling and increasing consumer awareness about eco-friendly products are reshaping the market landscape.

Geographically, North America dominates the rPET market, driven by robust recycling infrastructure and favorable government regulations. Europe follows closely, buoyed by stringent sustainability mandates and progressive initiatives to curb single-use plastics. Meanwhile, the Asia-Pacific region is poised for the fastest growth, fueled by increasing urbanization, rapid industrialization, and government investments in recycling capabilities in countries like China and India.

Major market players included in this report are:

Indorama Ventures Public Company Limited
Alpek S.A.B. de C.V.
Plastipak Holdings, Inc.
Far Eastern New Century Corporation
Phoenix Technologies International LLC
CarbonLite Recycling LLC
Evergreen Plastics, Inc.
PolyQuest, Inc.
UltrePET LLC
Veolia Environnement S.A.
Loop Industries, Inc.
Reliance Industries Limited
Clear Path Recycling, LLC
PetStar S.A. de C.V.
UNIFI, Inc.

The detailed segments and sub-segment of the market are explained below:

By Type:

Flakes
Chips

By Grade:

Grade A
Grade B

By Source:

Bottles & Containers
Films & Sheets

By Application:

Bottles
Fiber
Sheets
Strapping

By Color:

Clear
Colored

By End Use:

Fiber
Sheet & Film
Strapping
Food & Beverage Containers & Bottles
Non-Food Containers & Bottles
Others

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia-Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia-Pacific

Latin America:

Brazil
Mexico

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Comprehensive market estimates and forecasts spanning 10 years, from 2022 to 2032.
Detailed regional insights and analysis across major economies.
Competitive landscape highlighting major market players and their strategic approaches.
Analysis of market dynamics, including drivers, challenges, and opportunities.
Recommendations for stakeholders to capitalize on emerging trends and address challenges effectively.

Chapter 1. Global Recycled Polyethylene Terephthalate (rPET) Market Executive Summary

1.1. Global Recycled Polyethylene Terephthalate (rPET) Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Grade
- 1.3.3. By Source
- 1.3.4. By Application
- 1.3.5. By Color
- 1.3.6. By End Use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Recycled Polyethylene Terephthalate (rPET) Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Recycled Polyethylene Terephthalate (rPET) Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Emphasis on Sustainability and Circular Economy
- 3.1.2. Increasing Demand for Eco-friendly Packaging Solutions
- 3.1.3. Advancements in Recycling Technologies
3.2. Market Challenges
- 3.2.1. High Cost of Recycling Infrastructure
- 3.2.2. Stringent Regulatory Standards on Recycled Plastics
3.3. Market Opportunities
- 3.3.1. Expansion into Emerging Markets
- 3.3.2. Innovations in rPET Product Applications
- 3.3.3. Government Initiatives Promoting Plastic Recycling

Chapter 4. Global Recycled Polyethylene Terephthalate (rPET) Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Recycled Polyethylene Terephthalate (rPET) Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Recycled Polyethylene Terephthalate (rPET) Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Flakes
- 5.2.2. Chips

Chapter 6. Global Recycled Polyethylene Terephthalate (rPET) Market Size & Forecasts by Grade 2022-2032

6.1. Segment Dashboard
6.2. Global Recycled Polyethylene Terephthalate (rPET) Market: Grade Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Grade A
- 6.2.2. Grade B

Chapter 7. Global Recycled Polyethylene Terephthalate (rPET) Market Size & Forecasts by Source 2022-2032

7.1. Segment Dashboard
7.2. Global Recycled Polyethylene Terephthalate (rPET) Market: Source Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Bottles & Containers
- 7.2.2. Films & Sheets

Chapter 8. Global Recycled Polyethylene Terephthalate (rPET) Market Size & Forecasts by Application 2022-2032

8.1. Segment Dashboard
8.2. Global Recycled Polyethylene Terephthalate (rPET) Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 8.2.1. Bottles
- 8.2.2. Fiber
- 8.2.3. Sheets
- 8.2.4. Strapping

Chapter 9. Global Recycled Polyethylene Terephthalate (rPET) Market Size & Forecasts by Color 2022-2032

9.1. Segment Dashboard
9.2. Global Recycled Polyethylene Terephthalate (rPET) Market: Color Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 9.2.1. Clear
- 9.2.2. Colored

Chapter 10. Global Recycled Polyethylene Terephthalate (rPET) Market Size & Forecasts by End Use 2022-2032

10.1. Segment Dashboard
10.2. Global Recycled Polyethylene Terephthalate (rPET) Market: End Use Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 10.2.1. Fiber
- 10.2.2. Sheet & Film
- 10.2.3. Strapping
- 10.2.4. Food & Beverage Containers & Bottles
- 10.2.5. Non-Food Containers & Bottles
- 10.2.6. Others

Chapter 11. Global Recycled Polyethylene Terephthalate (rPET) Market Size & Forecasts by Region 2022-2032

11.1. North America Recycled Polyethylene Terephthalate (rPET) Market
- 11.1.1. U.S. Recycled Polyethylene Terephthalate (rPET) Market
  - 11.1.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 11.1.1.2. Grade Breakdown Size & Forecasts, 2022-2032
  - 11.1.1.3. Source Breakdown Size & Forecasts, 2022-2032
  - 11.1.1.4. Application Breakdown Size & Forecasts, 2022-2032
  - 11.1.1.5. Color Breakdown Size & Forecasts, 2022-2032
  - 11.1.1.6. End Use Breakdown Size & Forecasts, 2022-2032
- 11.1.2. Canada Recycled Polyethylene Terephthalate (rPET) Market
  - 11.1.2.1. Type Breakdown Size & Forecasts, 2022-2032
  - 11.1.2.2. Grade Breakdown Size & Forecasts, 2022-2032
  - 11.1.2.3. Source Breakdown Size & Forecasts, 2022-2032
  - 11.1.2.4. Application Breakdown Size & Forecasts, 2022-2032
  - 11.1.2.5. Color Breakdown Size & Forecasts, 2022-2032
  - 11.1.2.6. End Use Breakdown Size & Forecasts, 2022-2032
11.2. Europe Recycled Polyethylene Terephthalate (rPET) Market
- 11.2.1. UK Recycled Polyethylene Terephthalate (rPET) Market
- 11.2.2. Germany Recycled Polyethylene Terephthalate (rPET) Market
- 11.2.3. France Recycled Polyethylene Terephthalate (rPET) Market
- 11.2.4. Spain Recycled Polyethylene Terephthalate (rPET) Market
- 11.2.5. Italy Recycled Polyethylene Terephthalate (rPET) Market
- 11.2.6. Rest of Europe Recycled Polyethylene Terephthalate (rPET) Market
11.3. Asia-Pacific Recycled Polyethylene Terephthalate (rPET) Market
- 11.3.1. China Recycled Polyethylene Terephthalate (rPET) Market
- 11.3.2. India Recycled Polyethylene Terephthalate (rPET) Market
- 11.3.3. Japan Recycled Polyethylene Terephthalate (rPET) Market
- 11.3.4. Australia Recycled Polyethylene Terephthalate (rPET) Market
- 11.3.5. South Korea Recycled Polyethylene Terephthalate (rPET) Market
- 11.3.6. Rest of Asia-Pacific Recycled Polyethylene Terephthalate (rPET) Market
11.4. Latin America Recycled Polyethylene Terephthalate (rPET) Market
- 11.4.1. Brazil Recycled Polyethylene Terephthalate (rPET) Market
- 11.4.2. Mexico Recycled Polyethylene Terephthalate (rPET) Market
- 11.4.3. Rest of Latin America Recycled Polyethylene Terephthalate (rPET) Market
11.5. Middle East & Africa Recycled Polyethylene Terephthalate (rPET) Market
- 11.5.1. Saudi Arabia Recycled Polyethylene Terephthalate (rPET) Market
- 11.5.2. South Africa Recycled Polyethylene Terephthalate (rPET) Market
- 11.5.3. Rest of Middle East & Africa Recycled Polyethylene Terephthalate (rPET) Market

Chapter 12. Competitive Intelligence

12.1. Key Company SWOT Analysis
- 12.1.1. Indorama Ventures Public Company Limited
- 12.1.2. Alpek S.A.B. de C.V.
- 12.1.3. Plastipak Holdings, Inc.
12.2. Top Market Strategies
12.3. Company Profiles
- 12.3.1. Indorama Ventures Public Company Limited
  - 12.3.1.1. Key Information
  - 12.3.1.2. Overview
  - 12.3.1.3. Financial (Subject to Data Availability)
  - 12.3.1.4. Product Summary
  - 12.3.1.5. Market Strategies
- 12.3.2. Alpek S.A.B. de C.V.
- 12.3.3. Plastipak Holdings, Inc.
- 12.3.4. Far Eastern New Century Corporation
- 12.3.5. Phoenix Technologies International LLC
- 12.3.6. CarbonLite Recycling LLC
- 12.3.7. Evergreen Plastics, Inc.
- 12.3.8. PolyQuest, Inc.
- 12.3.9. UltrePET LLC
- 12.3.10. Veolia Environnement S.A.

Chapter 13. Research Process

13.1. Research Process
- 13.1.1. Data Mining
- 13.1.2. Analysis
- 13.1.3. Market Estimation
- 13.1.4. Validation
- 13.1.5. Publishing
13.2. Research Attributes