Recycled PET Market by Type, Grade, Color, Collection Source, End-User, End-Products

List of Tables

[196 Pages Report] The Recycled PET Market size was estimated at USD 13.02 billion in 2023 and expected to reach USD 13.99 billion in 2024, at a CAGR 7.50% to reach USD 21.61 billion by 2030.

Recycled polyethylene terephthalate (rPET) in a PET that has been collected, sorted, cleaned, and reprocessed into new products. It is a widely used type of plastic recognized for its strong, lightweight, and recyclable properties. The escalating global concern for environmental sustainability amid growing volumes of plastic waste has resulted in substantial advancements in the sector of recycled plastics, including PET. The growing focus on the circular economy and government initiatives to encourage the collection and recycling of PET products are leading to the accelerated use of recycled PET in various end-use applications. However, contamination quality issues and complexities in recycling PET waste may adversely impact the end-use sectors' use of recycled PET products globally. Moreover, technological advancements in the recycling process and expanding applications of recycled PET in the textile and automotive sectors are expected to encourage the growth of the recycled PET market worldwide.

KEY MARKET STATISTICS
Base Year [2023]	USD 13.02 billion
Estimated Year [2024]	USD 13.99 billion
Forecast Year [2030]	USD 21.61 billion
CAGR (%)	7.50%

Type: Expanding use of rPET pellets in manufacturing of automotive components

The rPET chips are used as the primary raw material for a wide range of plastic products, including plastic bottles, containers, and clothing fibers. The usage of rPET chips is increasing in end-use applications due to their ability to reduce the environmental footprint and conservation of non-renewable resources, including petrochemicals, by reducing the need for virgin plastic production. rPET chips have similar physical and chemical properties as that of virgin PET, demonstrating their versatility in various end-use applications. rPET flakes are created through a process called cold washing and are used to manufacture fibers for textiles, insulation materials, automotive parts, and packaging sheets. Higher-grade rPET flakes provide similar performance to their virgin counterparts. rPET pellets, created through the extrusion process, are used to manufacture various plastic products. These pellets offer an eco-friendly solution for manufacturers across packaging, consumer goods, automotive, and construction industries. They have properties similar to original PET materials, thus ensuring the final product's improved performance or aesthetic appeal. rPET chips, flakes, and pellets serve unique roles in the production cycle, contributing to reducing environmental pollution and saving valuable resources.

Grade: Proliferating applications of food grade recycled polyethylene terephthalate (rPET)

Food-grade recycled polyethylene terephthalate (rPET) is a high-purity form of PET plastic that has been certified safe for use in food & beverage packaging. This grade of recycled PET undergoes stringent purification processes to remove contaminants and ensure that it complies with health and safety regulations, particularly implemented by the Food and Drug Administration (FDA) in the United States. The process involves washing, melting, and reforming the plastic into pellets or sheets, which are then used to create new food packaging containers. It requires special equipment and processes to ensure that the final rPTE product meets the required standards for direct food contact. Food-grade recycled PET is a sustainable alternative to virgin PET, helping reduce landfill waste and conserve resources while ensuring consumer safety. Industrial-grade recycled PET, derived from post-consumer or post-industrial sources, does not undergo the extensive purification process required for food-grade standards. This type of recycled PET is intended for non-food applications, such as carpeting fiber, clothing fabric, strapping materials, or automotive parts. Industrial grade rPET is vital in various manufacturing sectors by providing an environmentally friendly alternative to virgin plastic materials. Industrial-grade recycled PET must be carefully sorted and processed to ensure it is free from harmful contaminants before being repurposed into new products.

Color: Growing preference for clear recycled PET owing to its easy recycling procedure

Clear or transparent recycled PET is preferable in packaging applications requiring product visibility, such as beverage bottles and food packaging. Clear PET is a testament to the durability and resilience of the material. Colored recycled PET offers a visual and aesthetic advantage, with colors that can be customized according to the specific needs of a product or brand. Colored PET is frequently utilized in industries such as textiles, owing to its capability to maintain color intensity after multiple use and wash cycles. In addition, colored PET granules are employed in crafting a variety of consumer goods.

Collection Source: Increasing focus on recycling PET waste generated by post-commercial sources

Post-commercial sources refer to waste generated by businesses and services, including retail stores, restaurants, corporate offices, or any other commercial establishments that use or sell PET-based products. These commercial entities typically have recycling programs to collect, sort, and recycle PET waste, such as plastic containers, bottles, and packaging, which are later channeled to PET recycling plants. Post-consumer sources pertain primarily to household waste and are an imperative part of the recycling chain. Multi-family residential buildings, single-family residences, and public recycling bins are key collection points for post-consumer sources. Post-industrial sources relate to waste generated during PET product manufacturing, including PET waste produced in plastic product manufacturing facilities, including pellets, preforms, rejected bottles, and containers. Post-industrial PET waste holds a higher recycling value compared to post-consumer waste, as it is cleaner, more homogenous, and contamination-free.

End-User: Proliferating application of recycled PET in the food and beverage sector

The automotive industry reduces its reliance on new, non-recyclable materials by incorporating rPET into manufacturing components such as seat covers, carpets, and insulation in the automotive sector. The primary usage of rPET in the food & beverage sector is in producing packaging materials, such as bottles and food storage containers. Incorporating rPET into packaging helps food & beverage companies meet their sustainability goals and reduces the impact of industry on waste production. rPET plays a significant role in the packaging by making products more sturdy, lightweight, and resealable. rPET used in packaging, such as bags, pouches, and containers, offers a more sustainable and cost-effective solution than virgin PET and contributes to a positive public image for businesses due to a reduced environmental impact. The textile industry is a crucial end-user of rPET, used to manufacture a wide range of garments and home furnishing products. The industry can minimize its ecological impact and capitalize on the increasing consumer demand for environmentally conscious products by diversifying waste streams into viable raw materials.

End-Products: Evolving usage of recycled PET to create fibers

The demand for rPET is driven by consumer awareness and increasingly stringent regulations insisting on using recycled content in packaging. Recycled PET is extensively used in the textile industry to create fibers, spun into yarn for clothing, upholstery, and industrial applications. Staple fiber is used in a wide range of products, including fillers for cushions and thermal insulation, while filament fiber is primarily used in fabrics for the apparel industry. PET sheets are used in thermoforming for blister packs and clamshell packaging, while films are employed for food and non-food applications, including flexible packaging and photographic films. Recycled PET is used for strapping materials in packaging and securing goods for shipping and storage. Its durability and strength make it preferable over other materials. Furthermore, recycled PET is increasingly used in injection molding processes to create various molded products, including automotive parts, containers, and construction materials.

Regional Insights

The recycled PET market is evolving in the Americas owing to the increased consumption and recycling rates, stringent government regulations on waste management, and a robust recycling infrastructure of PET. The focus of Europe on sustainability practices exhibits a mature market for recycled PET. The Middle East and Africa region presents a nascent stage for the recycled PET market with government initiatives to reduce plastic waste and promote recycling. The recycled PET market is growing in the Asia-Pacific region, driven by emerging improving waste management infrastructures and the adoption of innovative recycling technologies. Additionally, the integration of breakthrough technologies, including artificial intelligence in the recycling process, can enhance the quality of recycled PET products.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Recycled PET Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Recycled PET Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Recycled PET Market, highlighting leading vendors and their innovative profiles. These include AeroFibre Pvt. Ltd., Agr International, Inc., Alliance Fibres Ltd., Aloxe Holding B.V., Alpek S.A.B. de C.V., Alpla Werke Alwin Lehner GmbH & Co KG, Amcor PLC, Berry Global, Inc., Dalmia Polypro Industries Pvt. Ltd., Dupont Teijin Films Limited, Eco Baltia group, Evergreen, Far Eastern New Century Corporation, Ganesha Ecosphere Ltd., Gravita India Limited, Green Group, Green Recycled&Modified Polymer Co Ltd., Indorama Ventures Public Company Limited, Intco, JB EcoTex Limited, JB rPET Industries Pvt. Ltd., KBR Inc., Langgeng Jaya Group, Libolon, Marglen Industries, Mitsubishi Chemical Corporation, Mura Technology Limited, NAPCOR, Neo Group, UAB, Nizza Plastics Company Ltd., Pashupati Group, Phoenix Technologies International, LLC, Placon Corporation, Plastipak Holdings, Inc., PolyQuest, Inc., PT. Hadtex, RM Corp., SLMG Beverages Pvt.Ltd., Srichakra PolyPlast, Suntory Holdings Limited, Vegware Limited, Veolia Environnement SA, Verdeco Recycling, and Zhejiang BoReTech Environmental Engineering Co., LTD.

Market Segmentation & Coverage

This research report categorizes the Recycled PET Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- rPET Chips
- rPET Flakes
- rPET Pelletes

Grade
- Food Grade
- Industrial Grade

Color
- Clear
- Colored

Collection Source
- Post-commercial
- Post-consumer
- Post-industrial

End-User
- Automotive
- Food & Beverage
- Packaging
- Textile

End-Products
- Containers & Vessels
- Films & Sheets
- Long Fiber
- Plastic Bottles

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Recycled PET Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Recycled PET Market?

3. What are the technology trends and regulatory frameworks in the Recycled PET Market?

4. What is the market share of the leading vendors in the Recycled PET Market?

5. Which modes and strategic moves are suitable for entering the Recycled PET Market?

Product Code: MRR-961BA04A2EB0

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing concerns about the environmental impact of plastic waste and supportive government initiatives for recycling
  - 5.1.1.2. Increasing demand for recycled PET across the packaging industry
- 5.1.2. Restraints
  - 5.1.2.1. Contamination and quality issues with recycled PET
- 5.1.3. Opportunities
  - 5.1.3.1. Growing technological advancements in the PET recycling process
  - 5.1.3.2. Expanding applications of recycled PET across the automotive sector
- 5.1.4. Challenges
  - 5.1.4.1. Limited infrastructure for recycling and processing of PET
5.2. Market Segmentation Analysis
- 5.2.1. Type: Expanding use of rPET pellets in manufacturing of automotive components
- 5.2.2. Grade: Proliferating applications of food grade recycled polyethylene terephthalate (rPET)
- 5.2.3. Color: Growing preference for clear recycled PET owing to its easy recycling procedure
- 5.2.4. Collection Source: Increasing focus on recycling PET waste generated by post-commercial sources
- 5.2.5. End-User: Proliferating application of recycled PET in the food and beverage sector
- 5.2.6. End-Products: Evolving usage of recycled PET to create fibers
5.3. Market Trend Analysis
- 5.3.1. Significant expansion of plastic recycling facilities in Americas creating potential for use of rPET products across diverse end-use industries
- 5.3.2. Government initiatives to encourage the use of recycled PET in diverse industrial applications in the APAC region
- 5.3.3. Growing emphasis on PET waste collection and recycling in the EMEA region
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Recycled PET Market, by Type

6.1. Introduction
6.2. rPET Chips
6.3. rPET Flakes
6.4. rPET Pelletes

7. Recycled PET Market, by Grade

7.1. Introduction
7.2. Food Grade
7.3. Industrial Grade

8. Recycled PET Market, by Color

8.1. Introduction
8.2. Clear
8.3. Colored

9. Recycled PET Market, by Collection Source

9.1. Introduction
9.2. Post-commercial
9.3. Post-consumer
9.4. Post-industrial

10. Recycled PET Market, by End-User

10.1. Introduction
10.2. Automotive
10.3. Food & Beverage
10.4. Packaging
10.5. Textile

11. Recycled PET Market, by End-Products

11.1. Introduction
11.2. Containers & Vessels
11.3. Films & Sheets
11.4. Long Fiber
11.5. Plastic Bottles

12. Americas Recycled PET Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Recycled PET Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Recycled PET Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. Market Share Analysis, 2023
15.2. FPNV Positioning Matrix, 2023
15.3. Competitive Scenario Analysis
- 15.3.1. Aloxe Inaugurates Its New Recycled Pet Plastic Manufacturing Plant in Messein
- 15.3.2. Indorama Completes Expansion of Recycling Facility in Brazil
- 15.3.3. Greenback Acquires Enval in Chemical Recycling Combination
- 15.3.4. Indorama To Invest USD 150m In PET Recycling Plants In India
- 15.3.5. Indorama Ventures partners AMB on Path to PET Food Tray Circularity
- 15.3.6. Neste to Enable PET Bottles Produced With Bio-Based Materials With Suntory, Eneos and Mitsubishi Corporation
- 15.3.7. China's Veolia Huafei gets EFSA rPET certification
- 15.3.8. Lummus Technology and MOL Group Establish Partnership for Advanced Waste Plastic Recycling
- 15.3.9. Borealis Expands Recycled Plastic Compounding Capacity with Acquisition of Rialti
- 15.3.10. LanzaTech & Plastipak Partner to Produce World's First PET Resin Made from Waste Carbon
- 15.3.11. Biffa acquires stake in PET plastic recycler Esterpet among others
- 15.3.12. SK Chemicals Invests USD 98.4 Million in Recycled PET Market
- 15.3.13. PolyQuest Launches PQRenew Recycled Bottle Flake And Resins

16. Competitive Portfolio

16.1. Key Company Profiles
16.2. Key Product Portfolio