rPolyethylene Terephthalate (PET) Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for rPolyethylene Terephthalate (PET). The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

rPET Market Size (2024E): US$31.6 Bn
Projected Market Value (2031F):US$47.7 Bn
Global Market Growth Rate (CAGR 2024 to 2031): 4.7 %

rPET Market - Report Scope:

Polyethylene Terephthalate (PET) is a versatile polymer widely used in packaging, textiles, and industrial applications due to its durability, recyclability, and cost-effectiveness. The PET market encompasses various segments, including PET resin for bottles and containers, fiber for textiles, and engineering plastics. The market serves a range of industries, including beverage, food, healthcare, and automotive sectors. The PET market's growth is driven by increasing demand for sustainable packaging solutions, advancements in recycling technologies, and expanding applications in end-use industries.

Market Growth Drivers:

The global PET market is propelled by several key factors, including the growing demand for eco-friendly and recyclable packaging solutions. As consumer preferences shift towards sustainability, PET's recyclability and reduced environmental impact enhance its appeal. The rise in demand for bottled beverages, especially in emerging economies, further fuels market growth. Technological advancements in PET recycling, such as chemical recycling and advanced sorting technologies, are improving the efficiency and effectiveness of PET waste management. Additionally, the increasing use of PET in high-performance applications, such as automotive parts and electronics, contributes to market expansion.

Market Restraints:

Despite its growth potential, the PET market faces challenges related to environmental concerns and regulatory pressures. The production and disposal of PET can contribute to environmental pollution, raising concerns about its ecological footprint. Regulatory bodies are implementing stricter regulations on plastic usage and waste management, impacting the PET industry. Additionally, competition from alternative materials, such as biodegradable plastics and glass, presents challenges for PET's market share. Addressing these environmental and regulatory challenges requires innovation in recycling technologies and the development of more sustainable PET products.

Market Opportunities:

The PET market presents significant growth opportunities driven by advancements in recycling technologies, increasing demand for sustainable products, and expanding applications in various industries. The development of advanced recycling methods, such as chemical recycling and closed-loop systems, offers opportunities to enhance PET's sustainability and market appeal. The growth of the e-commerce sector and the increasing use of PET in medical and pharmaceutical packaging also provide new avenues for market expansion. Strategic investments in research and development, as well as partnerships with stakeholders across the value chain, are essential to capitalize on these opportunities and drive market growth.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the PET market globally?
Which segments and applications are contributing to PET's increasing adoption across different industries?
How are technological advancements and sustainability trends reshaping the competitive landscape of the PET market?
Who are the key players in the PET market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global PET market?

Competitive Intelligence and Business Strategy:

Leading players in the global PET market, including Indorama Ventures Public Company Limited, Alpek S.A.B. de C.V., and Far Eastern New Century Corporation, focus on innovation, sustainability, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop advanced PET products, including high-performance resins and recyclable PET solutions. Collaborations with packaging companies, recycling organizations, and regulatory agencies facilitate market access and promote technology adoption. Emphasis on sustainable practices, product diversification, and market expansion strategies fosters growth and enhances market positioning in the evolving PET landscape.

Key Companies Profiled:

Indorama Ventures Public Company Limited
PET Recycling Team GmbH
CarbonLITE Industries LLC
Phoenix Technologies International LLC
Plastipak Holdings, Inc.
Evergreen Plastics, Inc.
Verdeco Recycling, Inc.
Clear Path Recycling, LLC
Kuusakoski Group Oy
M&G Chemicals
Far Eastern New Century Corporation
Reliance Industries Limited
Libolon
Loop Industries, Inc.

rPET Industry Segmentation

By Type

Virgin
Recycled

By Application

Rigid Packaging
Film
Sheets and Straps

By Region

North America
Europe
Asia-Pacific
The Middle East and Africa
Latin America

Product Code: PMRREP34718

1. Executive Summary

1.1. Global rPolyethylene Terephthalate (PET) Market Snapshot, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.3.3. Global Healthcare Spending Outlook
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact

3. Value Added Insights

3.1. Product Adoption Analysis
3.2. Epidemiology - Deafness and Hearing Loss
3.3. Technology Assessment
3.4. Regulatory Landscape
3.5. Value Chain Analysis
- 3.5.1. List of Distribution Channel/Marketplaces
  - 3.5.1.1. Retail
  - 3.5.1.2. E-Commerce
- 3.5.2. List of End User (Industry)
3.6. Key Deals and Mergers
3.7. PESTLE Analysis
3.8. Porter's Five Force Analysis

4. Price Trend Analysis, 2024-2031

4.1. Key Highlights
4.2. Key Factors Impacting Type Prices
4.3. Pricing Analysis, By Type
4.4. Regional Prices and Type Preferences

5. Global rPolyethylene Terephthalate (PET) Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

5.1. Key Highlights
- 5.1.1. Market Volume (Tons) Projections
- 5.1.2. Market Size (US$ Bn) and Y-o-Y Growth
- 5.1.3. Absolute $ Opportunity
5.2. Market Size (US$ Bn) Analysis and Forecast
- 5.2.1. Historical Market Size (US$ Bn) Analysis, 2019-2023
- 5.2.2. Current Market Size (US$ Bn) Analysis and Forecast, 2023-2031
5.3. Global rPolyethylene Terephthalate (PET) Market Outlook: Type
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Type, 2019-2023
- 5.3.3. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Type, 2024-2031
  - 5.3.3.1. Virgin
  - 5.3.3.2. Recycled
5.4. Market Attractiveness Analysis: Type
5.5. Global rPolyethylene Terephthalate (PET) Market Outlook: Application
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Bn) Analysis, By Application, 2019-2023
- 5.5.3. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
  - 5.5.3.1. Rigid Packaging
  - 5.5.3.2. Film
  - 5.5.3.3. Sheets and Straps
  - 5.5.3.4. Others
5.6. Market Attractiveness Analysis: Application

6. Global rPolyethylene Terephthalate (PET) Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Region, 2019-2023
6.3. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Region, 2024-2031
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America rPolyethylene Terephthalate (PET) Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2023
- 7.3.1. By Country
- 7.3.2. By Type
- 7.3.3. By Application
7.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 7.4.1. U.S.
- 7.4.2. Canada
7.5. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Type, 2024-2031
- 7.5.1. Virgin
- 7.5.2. Recycled
7.6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 7.6.1. Rigid Packaging
- 7.6.2. Film
- 7.6.3. Sheets and Straps
- 7.6.4. Others

8. Europe rPolyethylene Terephthalate (PET) Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2023
- 8.3.1. By Country
- 8.3.2. By Type
- 8.3.3. By Application
8.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 8.4.1. Germany
- 8.4.2. France
- 8.4.3. U.K.
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Turkey
- 8.4.8. Rest of Europe
8.5. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Type, 2024-2031
- 8.5.1. Virgin
- 8.5.2. Recycled
8.6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 8.6.1. Rigid Packaging
- 8.6.2. Film
- 8.6.3. Sheets and Straps
- 8.6.4. Others

9. East Asia rPolyethylene Terephthalate (PET) Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2023
- 9.3.1. By Country
- 9.3.2. By Type
- 9.3.3. By Application
9.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. South Korea
9.5. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Type, 2024-2031
- 9.5.1. Virgin
- 9.5.2. Recycled
9.6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 9.6.1. Rigid Packaging
- 9.6.2. Film
- 9.6.3. Sheets and Straps
- 9.6.4. Others

10. South Asia & Oceania rPolyethylene Terephthalate (PET) Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2023
- 10.3.1. By Country
- 10.3.2. By Type
- 10.3.3. By Application
10.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 10.4.1. India
- 10.4.2. Southeast Asia
- 10.4.3. ANZ
- 10.4.4. Rest of South Asia & Oceania
10.5. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Type, 2024-2031
- 10.5.1. Virgin
- 10.5.2. Recycled
10.6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 10.6.1. Rigid Packaging
- 10.6.2. Film
- 10.6.3. Sheets and Straps
- 10.6.4. Others

11. Latin America rPolyethylene Terephthalate (PET) Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2023
- 11.3.1. By Country
- 11.3.2. By Type
- 11.3.3. By Application
11.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 11.4.1. Brazil
- 11.4.2. Mexico
- 11.4.3. Rest of Latin America
11.5. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Type, 2024-2031
- 11.5.1. Virgin
- 11.5.2. Recycled
11.6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 11.6.1. Rigid Packaging
- 11.6.2. Film
- 11.6.3. Sheets and Straps
- 11.6.4. Others

12. Middle East & Africa rPolyethylene Terephthalate (PET) Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

12.1. Key Highlights
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2023
- 12.3.1. By Country
- 12.3.2. By Type
- 12.3.3. By Application
12.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 12.4.1. GCC Countries
- 12.4.2. Egypt
- 12.4.3. South Africa
- 12.4.4. Northern Africa
- 12.4.5. Rest of Middle East & Africa
12.5. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Type, 2024-2031
- 12.5.1. Virgin
- 12.5.2. Recycled
12.6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 12.6.1. Rigid Packaging
- 12.6.2. Film
- 12.6.3. Sheets and Straps
- 12.6.4. Others

13. Competition Landscape

13.1. Market Share Analysis, 2023
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. Nike, Inc.
  - 13.3.1.1. Overview
  - 13.3.1.2. Segments and Products
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
  - 13.3.1.5. Market Strategy
- 13.3.3. Adidas AG
- 13.3.2. Nike, Inc.
- 13.3.4. Puma SE
- 13.3.5. Under Armour, Inc.
- 13.3.6. ASICS Corporation
- 13.3.7. Skechers USA, Inc.
- 13.3.8. New Balance Athletics, Inc.
- 13.3.9. Fila Holdings Corp.
- 13.3.10. Brooks Sports, Inc.
- 13.3.11. Mizuno Corporation
- 13.3.12. Reebok International Ltd.
- 13.3.13. Converse Inc.
- 13.3.14. Vans (VF Corporation)
- 13.3.15. Salomon Group (Amer Sports)
- 13.3.16. Columbia Sportswear Company
- 13.3.17. Merrell (Wolverine World Wide, Inc.)
- 13.3.18. Hoka One One

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations