DUBLIN, Sept. 25, 2023 /PRNewswire/ — The “Recycled Polyethylene Terephthalate Market Size, Share & Trends Analysis Report By Product (Clear, Colored), By End-use (Fiber, Sheet & Film, Strapping), By Region (Asia Pacific, North America), And Segment Forecasts, 2023 – 2030″ report has been added to ResearchAndMarkets.com’s providing.
The international recycled polyethylene terephthalate (rPET) market is poised for vital progress, with an anticipated market measurement of USD 18.7 billion by 2030. This progress is predicted to be pushed by a strong compound annual progress fee (CAGR) of 8.3% from 2023 to 2030.
Several elements contribute to the growth of this market. Notably, sustainability initiatives undertaken by meals & beverage and packaging corporations are enjoying a pivotal position. These efforts align with the rising international give attention to reaching a round financial system. As a outcome, there’s an rising adoption of recycled plastics, notably recycled polyethylene terephthalate (PET), throughout numerous industries, together with packaging and textiles.
Recycled polyethylene terephthalate (rPET) finds software within the growth of each coloured and clear (white/non-colored) merchandise. Clear rPET merchandise are favored for his or her cost-effectiveness in comparison with coloured rPET merchandise. However, coloured rPET merchandise maintain attraction for packaging and bottle producers, as they supply model id and improve product aesthetics.
Furthermore, stringent rules towards landfills in a number of developed nations in North America and Europe, resembling Austria, Germany, France, and extra, are additional propelling the demand for recycled supplies like rPET. Europe has a historical past of landfill bans, and related measures are being deliberate within the UK and Australia.
End-use industries have additionally embraced the usage of rPET of their product manufacturing processes. This strategic transfer helps them management uncooked materials prices and place themselves as environmentally-friendly product builders. For occasion, TotalEnergies acquired Iber Resinas SL, a plastic recycling firm in Spain, to broaden its presence in European markets.
Key Highlights from the Recycled Polyethylene Terephthalate Market Report:
-
North America’s regional market reached USD 10.1 billion in 2022 and is predicted to keep up an 8.3% CAGR from 2023 to 2030.
-
The clear product phase dominates the market, accounting for over 76.0% of income share in 2022. Its attributes, resembling low vitality necessities, bottle-to-bottle recycling functionality, non-reactive & shatterproof properties, and sturdiness & low weight, are driving its demand.
-
Colored rPET is utilized in numerous purposes, together with automotive trays, protecting packaging, electronics & electrical packaging, containers, transit trays, healthcare packaging, and extra. It additionally finds use in material, clothes, and various packaging purposes.
-
The Asia Pacific area is predicted to expertise vital progress, pushed by bottle-to-bottle manufacturing and the increasing drinks market. Recycled PET packaging provides thermal insulation and environmental affect resistance, making it cost-effective.
-
Government incentives and subsidies, notably in Asian nations like China, India, Vietnam, Indonesia, and Thailand, are fostering the demand for rPET in numerous industries, together with bottles and containers.
-
The thriving rPET market displays the rising significance of sustainability and recycling within the international financial system, with alternatives for businesses to contribute to eco-friendly practices and meet market demand.
Companies Mentioned
-
Placon
-
Clear Path Recycling LLC
-
Verdeco Recycling, Inc.
-
Indorama Ventures Public Ltd.
-
Zhejiang Anshun Pettechs Fibre Co., Ltd.
-
PolyQuest
-
Evergreen Plastics, Inc.
-
Phoenix Technologies
-
Libolon
-
Biffa
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segmental Outlook
2.3 Competitive Outlook
Chapter 3 Recycled Polyethylene Terephthalate Market Variables, Trends, and Scope
3.1 Market Lineage Outlook
3.1.1 Global Recycled Plastics Market Outlook
3.1.2 Global Plastics Market Outlook
3.2 PET Bottles Demand by Color (% Share), 2020
3.2.1 Industry Value Chain Analysis
3.2.2 Raw Material Trends
3.2.3 Technology Overview
3.3 Regulatory Frameworks
3.3.1 European Union (EU) 2018/852
3.4 Market Dynamics
3.4.1 Market Driver Analysis
3.4.2 Market restraint Analysis
3.4.3 Industry Challenges
3.4.4 Key Opportunities Prioritized
3.5 Business Environment Analysis: Recycled Polyethylene Terephthalate Market
3.5.1 Industry Analysis – Porter’s
3.5.2 PESTEL Analysis
3.6 COVID-19 Impact on the Recycled Polyethylene Terephthalate Market
Chapter 4 Recycled Polyethylene Terephthalate Market: Product Estimates & Trend Analysis
4.1 Product Movement Analysis & Market Share, 2022 & 2030
4.2 Recycled Polyethylene Terephthalate Market Estimates & Forecast, By Product (Kilo Tons) (USD Million)
4.3 Clear
4.4 Colored
Chapter 5 Recycled Polyethylene Terephthalate Market: End-use Estimates & Trend Analysis
5.1 End-use Movement Analysis & Market Share, 2022 & 2030
5.2 Recycled Polyethylene Terephthalate Market Estimates & Forecast, By End-use (Kilo Tons) (USD Million)
5.3 Fiber
5.4 Sheet & Film
5.5 Strapping
5.6 Food & Beverage Containers and Bottles
5.7 Non-food Containers and Bottles
Chapter 6 Recycled Polyethylene Terephthalate Market: Regional Estimates & Trend Analysis
6.1 Recycled Polyethylene Terephthalate Market: Regional Outlook
6.2 Recycled Polyethylene Terephthalate Market Estimates & Forecasts, 2018 – 2030 (Kilotons) (USD Million)
Chapter 7 Recycled Polyethylene Terephthalate Market: Competitive Landscape
7.1 Recent Developments & Their Impact Analysis, by Key Market Participants
7.2 Key Company/Competition Categorization
7.3 Participant’s Overview
7.4 Financial Performance
7.5 Product Benchmarking
7.6 Company Heat Map Analysis
7.7 Company Market Position Analysis
7.8 Company Market Share Analysis, 2022
7.9 Strategy Mapping
For extra details about this report go to https://www.researchandmarkets.com/r/7tx0ht
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s main supply for worldwide market analysis experiences and market information. We offer you the latest information on worldwide and regional markets, key industries, the highest corporations, new merchandise and the latest tendencies.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outdoors U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View authentic content material:https://www.prnewswire.com/news-releases/global-recycled-polyethylene-terephthalate-market-analysis-report-2023-2030-circular-economy-initiatives-drive-rpet-market—sustainable-practices-transform-industries-301937819.html
SOURCE Research and Markets
