Global Recycled PET Market Size study, by Type (Flakes, Chips), by Grade (Grade A, Grade B), by Source (Bottles & Containers, Films & Sheets), by Application (Bottle, Fiber, Sheets, Strapping), by Color (Clear, Colored) and Regional Forecasts 2022-2032

Description

The Global Recycled PET Market is valued at approximately USD 11.0 billion in 2023 and is anticipated to grow with a steady CAGR of 6.5% over the forecast period 2024-2032. Recycled PET, derived from post-consumer and post-industrial waste, has emerged as a pivotal component in the global push toward sustainability. This versatile material finds applications in various industries, including packaging, textiles, and strapping, driven by increasing awareness of environmental concerns and a rising demand for eco-friendly materials. The ability to repurpose PET waste into high-value products reduces environmental pollution and supports circular economy goals, making recycled PET a cornerstone of sustainable manufacturing.

The market's robust growth trajectory is supported by escalating global efforts to reduce plastic waste and promote the use of recycled materials. Governments and industry stakeholders are championing initiatives and policies to boost PET recycling rates. For instance, the rise in bottle-to-bottle recycling processes has enhanced the material's acceptance in food-grade applications. Moreover, the adoption of advanced recycling technologies, such as chemical recycling, enables the production of high-purity recycled PET, which further expands its application scope in industries like food and beverage packaging, automotive, and textiles. However, challenges related to collection infrastructure and contamination issues in the recycling stream could impede market growth over the forecast period.

Regionally, North America held a significant share of the recycled PET market in 2023, attributed to stringent environmental regulations and a strong emphasis on sustainability. Europe followed closely, supported by the European Union's directives on recycling and waste management. The Asia Pacific region, on the other hand, is poised to witness the fastest growth, driven by rapid industrialization, a burgeoning middle-class population, and increasing investments in recycling infrastructure. Countries like China and India are leading this growth, with policies encouraging recycling and circular economy practices. Latin America and the Middle East & Africa are also expected to contribute to market expansion, bolstered by growing awareness and investments in sustainable practices.

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
Biffa plc
Lotte Chemical Corporation
Clear Path Recycling, LLC
PolyQuest
Phoenix Technologies International LLC
Evergreen Plastics, Inc.
UltrePET, LLC
Reliance Industries Limited
CarbonLite Industries LLC
Verdeco Recycling, Inc.
Veolia Environnement S.A.

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

Bottle
Fiber
Sheets
Strapping

By Color

Clear
Colored

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
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical Year - 2022
Base Year - 2023
Forecast Period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with country-level insights for major regions.
Competitive landscape featuring information on major market players.
Analysis of key business strategies and actionable recommendations for future market approaches.
Examination of the competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Recycled PET Market Executive Summary

1.1. Global Recycled PET Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Recycled PET 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 PET Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Demand for Sustainable Materials
- 3.1.2. Escalating Regulatory Pressure on Plastic Waste Reduction
- 3.1.3. Technological Innovations in Recycling Processes
3.2. Market Challenges
- 3.2.1. Inadequate Collection and Sorting Infrastructure
- 3.2.2. Contamination and Quality Inconsistencies in Recycled PET
3.3. Market Opportunities
- 3.3.1. Growth in Circular Economy Initiatives
- 3.3.2. Expanding Applications in Packaging and Automotive Sectors
- 3.3.3. Increasing Investments in Recycling Technologies

Chapter 4. Global Recycled PET 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 PET Market Size & Forecasts by Type 2022-2032

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

Chapter 6. Global Recycled PET Market Size & Forecasts by Grade 2022-2032

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

Chapter 7. Global Recycled PET Market Size & Forecasts by Source 2022-2032

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

Chapter 8. Global Recycled PET Market Size & Forecasts by Application 2022-2032

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

Chapter 9. Global Recycled PET Market Size & Forecasts by Color 2022-2032

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

Chapter 10. Global Recycled PET Market Size & Forecasts by Region 2022-2032

10.1. North America Market
- 10.1.1. U.S. Market
  - 10.1.1.1. By Type Breakdown & Forecasts, 2022-2032
  - 10.1.1.2. By Application Breakdown & Forecasts, 2022-2032
- 10.1.2. Canada Market
10.2. Europe Market
- 10.2.1. U.K. Market
- 10.2.2. Germany Market
- 10.2.3. France Market
- 10.2.4. Spain Market
- 10.2.5. Italy Market
- 10.2.6. Rest of Europe Market
10.3. Asia Pacific Market
- 10.3.1. China Market
- 10.3.2. India Market
- 10.3.3. Japan Market
- 10.3.4. Australia Market
- 10.3.5. South Korea Market
- 10.3.6. Rest of Asia Pacific Market
10.4. Latin America Market
- 10.4.1. Brazil Market
- 10.4.2. Mexico Market
- 10.4.3. Rest of Latin America Market
10.5. Middle East & Africa Market
- 10.5.1. Saudi Arabia Market
- 10.5.2. South Africa Market
- 10.5.3. Rest of Middle East & Africa Market

Chapter 11. Competitive Intelligence

11.1. Key Company SWOT Analysis
- 11.1.1. Indorama Ventures Public Company Limited
- 11.1.2. Plastipak Holdings, Inc.
- 11.1.3. Alpek S.A.B. de C.V.
11.2. Top Market Strategies
11.3. Company Profiles
- 11.3.1. Indorama Ventures Public Company Limited
  - 11.3.1.1. Key Information
  - 11.3.1.2. Overview
  - 11.3.1.3. Financial (Subject to Data Availability)
  - 11.3.1.4. Product Summary
  - 11.3.1.5. Market Strategies
- 11.3.2. Plastipak Holdings, Inc.
- 11.3.3. Alpek S.A.B. de C.V.
- 11.3.4. Far Eastern New Century Corporation
- 11.3.5. Lotte Chemical Corporation
- 11.3.6. Clear Path Recycling, LLC
- 11.3.7. Biffa plc
- 11.3.8. PolyQuest
- 11.3.9. Phoenix Technologies International LLC
- 11.3.10. Evergreen Plastics, Inc.

Chapter 12. Research Process

12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
12.2. Research Attributes