PUBLISHER: The Business Research Company | PRODUCT CODE: 1653309
PUBLISHER: The Business Research Company | PRODUCT CODE: 1653309
Polyethylene terephthalate (PET) is a recyclable plastic resin that belongs to the polyester family, formed through the combination of two monomers: modified ethylene glycol and purified terephthalic acid. PET is commonly recycled into various products, including new PET containers, carpet, clothing, protective packaging, industrial strapping, automotive parts, construction materials, tennis balls, and tennis ball canisters.
Recycled polyethylene terephthalate comes in clear and colored variants. 'Clear recycled polyethylene terephthalate' denotes transparent PET plastic, which is the most widely recycled plastic globally. Recycled PET finds applications in diverse industries, including fiber, sheet and film production, strapping, the manufacturing of food and beverage containers and bottles, as well as non-food containers and bottles. These applications are prevalent in industries such as packaging, electrical and electronics, automotive, and construction.
The recycled polyethylene terephthalate market research report is one of a series of new reports from The Business Research Company that provides recycled polyethylene terephthalate market statistics, including recycled polyethylene terephthalate industry global market size, regional shares, competitors with a recycled polyethylene terephthalate market share, detailed recycled polyethylene terephthalate market segments, market trends and opportunities, and any further data you may need to thrive in the recycled polyethylene terephthalate industry. This recycled polyethylene terephthalate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The recycled polyethylene terephthalate market size has grown strongly in recent years. It will grow from $10.77 billion in 2024 to $11.76 billion in 2025 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to demand for sustainable and recycled plastics, growth in beverage and food packaging, expansion of pet recycling infrastructure, development of rpet manufacturing processes, regulatory standards for plastic recycling.
The recycled polyethylene terephthalate market size is expected to see rapid growth in the next few years. It will grow to $17.37 billion in 2029 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to customized RPET solutions for specific product applications, integration of RPET in 3D printing and additive manufacturing, sustainable and circular economy practices in RPET production, expansion inThe automotive sector for RPET components, adoption of RPET in cosmetics and personal care packaging. Major trends in the forecast period include regulatory compliance in RPET safety and recycling standards, smart and traceable RPET products, personalized RPET solutions for brands and consumers, transparency in RPET material sourcing and supply chain, integration of ai for quality control in RPET production.
The growth of the recycled polyethylene terephthalate market is being propelled by the increasing demand for sustainable packaging solutions. Placon, a prominent designer and manufacturer of plastic thermoforming and injection-molded packaging, predicts that the next decade will witness the collection of post-consumer beverage bottles reaching nearly 100%. Recycling is deemed crucial for a sustainable future, contributing to reduced greenhouse gas emissions and minimized waste. Global brands such as Coca-Cola, PepsiCo, Unilever, Danone, and Nestle are responding to consumer demands by incorporating higher percentages of recycled content in their packaging. Recognizing the economic and holistic sustainability value of PET (polyethylene terephthalate), these major FMCG brands are setting ambitious targets, challenging suppliers to achieve 100% compostable, reusable, and recyclable packaging by 2025.
The anticipated growth of the recycled polyethylene terephthalate market is further driven by the increasing prominence of the e-commerce industry. As more consumers engage in online shopping, environmental concerns are driving both e-commerce companies and consumers to prioritize sustainable packaging solutions. Statistics from US e-commerce reveal that 65% of consumers expect to use online purchasing platforms more frequently in 2022, with projected e-commerce revenues reaching $6.3 trillion by 2024. In Spain, the current 29.6 million e-commerce users are expected to grow to 36.9 million by 2025, representing 74% of the total population, with an average user spending $804 online. Consequently, the rising popularity of the growing e-commerce industry is a significant factor contributing to the growth of the recycled polyethylene terephthalate market.
Technological advancements are a key trend gaining traction in the recycled polyethylene terephthalate (rPET) market. For example, in October 2023, Coca-Cola India, a subsidiary of The Coca-Cola Company in the beverage sector, introduced new bottles made entirely from 100% recycled polyethylene terephthalate (rPET), representing a significant move toward sustainability in the beverage industry. These rPET bottles are available in two sizes 250ml and 750ml and are intended for use in the carbonated beverage category. This initiative is part of Coca-Cola India's broader sustainability efforts, aiming to reduce dependence on virgin plastics and promote a circular economy.
Major companies in the recycled polyethylene terephthalate market are actively expanding their business operations to meet the growing demand. For example, Evergreen, a US-based recycled PET manufacturer, completed the expansion of its production plant in Clyde, Ohio, in July 2022, responding to increased customer demand for recycled PET plastic. The expansion, initially a $22 million project with three lines, was adjusted to accommodate four extrusion lines, with potential for further expansion to six, producing 11.8 billion bottles annually.
In July 2022, Ravago, a chemical company based in Luxembourg, acquired Aurora Manufacturing and Venture Polymers for an undisclosed sum. This acquisition enhances Ravago's Ravapura portfolio by focusing on post-consumer recycled plastics, bolstering its presence in the UK recycling market and positioning it as a leader in sustainable materials to meet the growing demand from consumers. Aurora Manufacturing Limited, a UK-based company, primarily produces and distributes recycled polyolefin flakes and pellets. Venture Polymers, also based in the UK, produces and distributes R-PP, R-LDPE, R-HDPE, and recycled medium-density polyethylene.
Major companies operating in the recycled polyethylene terephthalate market include Placon Corporation, Antares Chem Private Limited, BariQ Ltd., Clear Path Recycling LLC, Evergreen Plastic Container Inc., Indorama Ventures Public Company Limited, Lealea Enterprise Co. Ltd., M&G Chemicals S.A, Montello Spa, Phoenix Technologies Ltd., PolyQuest Inc., Verdeco Recycling Midwest Inc., Zhejiang Anshun Pettechs Fibre Co. Ltd., Alpek SAB de CV, CarbonLite Industries LLC, Denton Plastics Inc., Extrupet Pty Ltd., Loop Industries Inc., LyondellBasell Industries NV, MFX do Brasil Equipamentos de Petroleo Ltd., Mohawk Industries Inc., PetStar Holding Company SA, Plastipak Holdings Inc., Polindo Utama, rPlanet Earth, Starlinger & Co. GmbH, The Coca-Cola Company, UltrePET LLC, Unifi Inc., Vanden Global Ltd., Wellman Plastics Recycling LLC
Asia-Pacific as the largest region in the recycled polyethylene terephthalate market in 2024. Asia-Pacific is expected to be the fastest-growing region in the recycled polyethylene terephthalate market share the during the forecast period. The regions covered in the recycled polyethylene terephthalate market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the recycled polyethylene terephthalate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
The recycled polyethylene terephthalate market consists of sales of recycled polyethylene terephthalate flakes and chips. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Recycled Polyethylene Terephthalate Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on recycled polyethylene terephthalate market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for recycled polyethylene terephthalate ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The recycled polyethylene terephthalate market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.