Recycled Polyethylene Terephthalate Market Report (COVID-19 Analysis) by Worldwide Market Trends & Opportunities and Forecast to 2028

Reports and Data estimates the global Recycled Polyethylene Terephthalate competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Recycled Polyethylene Terephthalate during the forecast period.

The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Verdeco Recycling, INC, Placon, Clear Path Recycling LLC, M&G Chemicals, Indorama Ventures Public LTD., Polyquest, Zhejiang Anshun Pettechs Fibre Co., Ltd., Phoenix Technologies, Evergreen Plastics, Inc. and Libolon.

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Further key findings from the report suggest

  • The Recycled Polyethylene Terephthalate market held a market share of USD 89 Billion in the year 2018 that is forecasted to grow at a rate of 6.9% during the forecast period.
  • In context to Product Type, the Clear recycled PET segment generated a higher revenue of USD 4.75 Billion in 2018, with a CAGR of 7.2% during the forecast period. Its traits like durability, strength, low processing cost, along with extensive use of PET bottles across the globe, contribute to the revenue generated by this segment.
  • In context to Processing & Collection Methods, the Curbside Recycling segment yielded the highest revenue of USD 3.65 Billion in 2018, with a growth rate of 7.0% during the forecast period. The revenue generated by the segment is attributed to the extensive application of this method in the collection of PET. Its benefits like periodic collection of material i.e., availability of collection service every-other-week, presence of recycling carts in different sizes, scope of opting for additional cart at no extra cost, results in increasing preference among the users.
  • In context to End-use, the Fiber segment held the largest market share of 45.0% in 2018, with a CAGR of 7.3% during the forecast period. The extensive application of these fibers in manufacturing cushions, mattresses, insulation products, and car seating contributes to the market share occupied by this segment. Furthermore, elevated demand of these fibers in various industries like automobile, clothing & accessories, FMCG, and home furnishing sectors also contributes to the market share held by this segment.
  • In regards to the region, North America held 0% of the market in 2018, with a growth rate of 6.9% during the forecast period. Factors like technological advancements in recycling techniques and rigid government regulations on environmental pollution contributes to its market share held by this region.

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For the purpose of this report Reports and Data has segmented global Recycled Polyethylene Terephthalate market on the basis of type, application, and region:

Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)

  • Colored
  • Clear

Processing & Collection Methods Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)

  • Curbside Recycling
  • Recycling Banks
  • Recycling Drives

End-use Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)

  • Sheet & film
  • Fiber
  • Food & beverage bottles & containers
  • Strapping
  • Non-food bottles & containers
  • Others

Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

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 Key Questions answered by the Report:

  • What is the expected year-on-year growth of the Recycled Polyethylene Terephthalate during the forecast period?
  • What key trends are expected influence revenue growth of the market going ahead?
  • Which region is expected to account for largest revenue share over the forecast period?
  • Which key companies are profiled in the report?

Thanks for reading our report. For more details on customization, please connect with us to know more and our team will ensure the report is well suited to your needs.

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