Global Recycled PET Market Size Likely to Expand at a CAGR of 6.1% By 2034

As per the Recycled PET Market size analysis conducted by the CMI Team, the global Recycled PET market is expected to record a CAGR of 6.1% from 2025 to 2034. In 2025, the market size is projected to reach a valuation of USD 11.74 Billion. By 2034, the valuation is anticipated to reach USD 20.02 Billion.

Recycled PET Market Overview

Increased interest in circular economy and sustainability approaches has guaranteed more focus on global recycled PET (rPET) market. Industry trends indicate that rising environmental awareness and regulatory pressure have compelled producers and consumers to move towards cleaner alternatives to virgin plastics.

While worldwide plastic production keeps on increasing above 400 million metric tons through 2022, most of which has accumulated in landfill areas or bodies of water, rPET is a very appealing option because it creates opportunities for recycling post-consumer PET to produce possibilities for reuse. Amongst policies of key note changing momentum are the European Union Single-Use Plastics Directive and the United States Plastic Waste Reduction and Recycling Act.

In countries like India, Extended Producer Responsibility (EPR) initiatives are encouraging brands to employ greater rPET content in packaging. Such initiatives, along with enhanced technology in PET collection and processing, are not only reducing the environmental footprint of plastic waste but also creating new economic opportunities for sustainable packaging and textile industries.

Recycled PET Market Growth Factors and Dynamics

• Environmental Awareness Growth: As individuals and organizations become increasingly exposed to heightened environmental awareness, there is an increasing need for such environmentally friendly materials as recycled PET (rPET). One-use plastic environmental impact, plastic pollution, and global warming are pushing such change. Businesses are switching to the application of more sustainable methods, and consumers are calling for product products with recycling material incorporated, and this fuels growth in rPET markets. For example, Coca-Cola India rolled out 100% recycled PET (rPET) bottles for its beverages in carbonated form in 250ml and 750ml pack sizes in October 2023 to assist in driving a circular economy.The bottles, which are produced by partners like Moon Beverages and Hindustan Coca-Cola Beverages, feature a “Recycle Me Again” mark to prompt consumer recycling. This step, together with the use of Affordable Small Sparkling Pack (ASSP) packaging, reduces emissions by as much as 66 percent and is in line with Coca-Cola’s goal for 100% recyclable packaging by 2025 and 50% recycled content by 2030.

• Policies of the Government: Governments everywhere are bringing policies into existence that promote recycling and reduce plastic waste, thus fueling the rPET market. Single-use plastic bans and Extended Producer Responsibility (EPR) are some of the policies that compel manufacturers to incorporate recycled material into their products.The guidelines provide a good climate for rPET adoption by different industries.For instance, on February 16, 2022, the Ministry of Environment, Forest and Climate Change launched new Extended Producer Responsibility (EPR) rules for the first time in October 2021 under the Plastic Waste Management Rules 2016. The rules categorize plastic packaging into rigid, flexible, multi-layered, and compostable packaging, for which producers, importers, and brand owners will be held liable for waste by reuse, recycling, and disposal.For the first time, packaging will be obliged to use recycled plastic, at rising percentages from 2025 to 2029. The regulations also include an EPR certificate trading mechanism, a plastic circular economy, and environmentally friendly waste management in India.

• Plastic Waste Crisis: With the growing plastic waste crisis, recycling and utilization of rPET have gained further attention. Produced by millions of tons annually, plastic waste is generating an urgent need for waste management solutions in a sustainable way. rPET has become a desirable solution by way of transforming waste post-consumer plastic into profitable raw materials so as to deter environmental pollution. For instance, in February 2025, Mexican firm Petgas has developed a pyrolysis machine in Boca del Río that converts plastic waste into fuels like gasoline, diesel, kerosene, and coke. It can handle 1.5 tons of plastic per week and produces approximately 356 gallons (1,350 liters) of fuel. The process begins with propane but becomes self-sustaining. Petgas asserts that its fuel contains lower sulfur levels and a smaller footprint, and is designed to fight plastic pollution and make waste into a usable commodity. These types of efforts, in combination with conventional recycling initiatives, help mitigate the plastic waste epidemic and support the use of rPET.

Report Scope

Recycled PET market SWOT Analysis

• Strengths: The rPET market is sound environmentally as it assists with plastic waste management and sustainability. The increasing awareness of eco-products as well as the circular economy has prompted industries to utilize rPET in packaging. rPET contains good clarity, good quality, and good durability, so a good replacement of virgin PET in various applications, including bottles, fabrics, and film.

• Weaknesses: One of the main flaws in the rPET market is the contamination of PET waste, which can decrease the quality of the end product recycled and restrict its application in food-grade packaging. In addition, the market also has drawbacks in the form of irregular collection systems, high cost of processing, and technological shortcomings in certain regions. These limitations can make the rPET less competitive than virgin PET.

• Opportunities: There is tremendous potential for rPET in developing economies with increasing urbanization, greater green sensitivity, and pro-government policies. New technology, such as chemical recycling and AI-powered sorting equipment, can improve efficiency and product quality. Company sustainability commitments and policy measures like EPR are also creating new market opportunities for recyclates.

• Threats: The rPET business is price-sensitive, particularly if virgin PET is cheaper, delaying the use of recycled material. Variation in regulation across the world and a lack of recycling units in the emerging markets can also restrain growth. Import bans, trade restrictions, and the reluctance of consumers to use recyclable materials are also likely growth deterrents.

List of the prominent players in the Recycled PET Market:

• Amcor Ltd
• 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
• Others

The Recycled PET Market is segmented as follows:

By Color

• Clear
• Colored

By Grade

• Post-consumer Resin
• Post-commercial Resin
• Post-industrial Resin

By Application

• Food & Beverage Bottles
• Non-food Bottles
• Fiber
• Sheets & Films
• Strapping
• Others (including Rope and Automotive Parts)

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America