Europe Recycled PET Market Size, Trends and Insights By Product Type (Recycled PET Flakes, Recycled PET Pellets, Recycled PET Fibers, Recycled PET Sheets), By Service Type (Packaging, Textiles, Automotive, Construction, Consumer Goods), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032
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As per the current market research conducted by CMI Team, the Europe Recycled PET Market size is expected to record a CAGR of 4.2% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 2.42 billion. By 2032, the valuation is anticipated to reach USD 3.67 billion.
The recycled PET (Polyethylene Terephthalate) market in Europe pertains to the trade and utilization of recycled PET materials within the region. Recycled PET is derived from the recycling process of PET waste, encompassing post-consumer and post-industrial sources like plastic bottles, containers, and other PET-based products.
It represents a significant segment of the broader plastics recycling industry operating in Europe. The Europe recycled PET market encompasses various stages of the value chain, including the collection, sorting, processing, and application of recycled PET materials. These materials find application across diverse industries such as packaging, textiles, automotive, construction, and more.
Europe Recycled PET Market Outlook (2020 – 2030)- Significant Growth Factors
Growing concerns about the environment and sustainability: Heightened awareness of the environmental impact of plastic waste has spurred a greater demand for sustainable solutions. Recycled PET has emerged as an effective way to address these concerns by reducing plastic waste, conserving resources, and minimizing the carbon footprint associated with virgin PET production. The focus on sustainability and the circular economy has become a significant driver for the adoption of recycled PET in Europe.
Government regulations and targets: European countries have implemented stringent regulations and set recycling targets to improve waste management and promote the use of recycled materials. Directives like the Waste Framework Directive and the Packaging Waste Directive from the European Union establish recycling targets for member states and encourage the utilization of recycled PET. These regulations create a favorable environment for the growth of the recycled PET market by providing incentives and requirements for recycling and the use of recycled materials.
Increasing demand for sustainable packaging solutions: The packaging industry is a major consumer of recycled PET in Europe. There is a growing demand for sustainable packaging solutions from both businesses and consumers. Recycled PET offers benefits such as reduced environmental impact, lower energy consumption, and decreased reliance on virgin plastics. As companies and consumers prioritize sustainability, the demand for recycled PET in packaging applications continues to rise.
Advancements in recycling technologies: Technological progress in PET recycling processes has contributed to the expansion of the Europe recycled PET market. Innovations in sorting technologies, cleaning processes, and advanced recycling equipment have enhanced the efficiency and quality of recycled PET production. These advancements enable the production of high-quality recycled PET materials that meet the performance requirements of various industries, further propelling market growth.
Overall, these growth opportunities are expected to fuel the expansion of the Europe Recycled PET Market in the coming years.
Europe Recycled PET Market – Mergers and Acquisitions
The Europe Recycled PET Market has seen several mergers and acquisitions in recent years. Some notable examples include:
- Indorama Ventures’ acquisition of Wellman International: In 2011, Indorama Ventures completed the acquisition of Wellman International, a prominent PET recycling company headquartered in the Netherlands. This strategic move enabled Indorama Ventures to expand its recycled PET capabilities and solidify its position in the European market.
- ALPLA’s acquisition of Suminco S.A.: In 2017, ALPLA acquired Suminco S.A., a Spanish recycling company specializing in PET recycling. The purpose of this acquisition was to bolster ALPLA’s recycling capacities and support its sustainability objectives.
- Loop Industries’ partnership with thyssenkrupp Industrial Solutions: In 2018, Loop Industries forged a strategic partnership with thyssenkrupp Industrial Solutions, a German engineering company, with the goal of establishing sustainable PET manufacturing plants in Europe. This collaboration aimed to enhance the availability of recycled PET and promote the principles of the circular economy.
- Suez’s acquisition of BTP Environnement: In 2019, Suez acquired BTP Environnement, a French company specializing in plastic recycling, including PET. This acquisition enabled Suez to strengthen its recycling capabilities and expand its presence in the European PET recycling market.
These mergers and acquisitions have allowed companies to expand their product offerings, reach new markets, and strengthen their positions in the Europe Recycled PET Market.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
|Europe Recycled PET Market||Recycled PET Market||Southeast Asia Recycled PVC Market|
|CAGR 4.2% (Approx)||CAGR 5.8%
|USD 3.67 Billion by 2032||USD 12.25 Billion by 2030||USD 563.15 Million by 2030|
Europe Recycled PET Market – Significant Threats
The Europe IT Asset Disposition Market faces several significant threats that could impact its growth and profitability. Some of these threats include:
- Inadequate Collection and Recycling Rates: The growth of the recycled PET market can be hindered by insufficient collection and recycling rates of PET waste. Limited infrastructure, lack of awareness, and improper waste management practices can result in a restricted supply of post-consumer or post-industrial PET waste for recycling. It is crucial to improve collection and recycling rates through effective waste management systems and awareness campaigns to support the growth of the recycled PET market.
- Volatility of Virgin PET Prices: Fluctuations in the price of virgin PET, which is derived from fossil fuels, can impact the recycled PET market. Global market dynamics and changes in oil prices can cause fluctuations in the price of virgin PET. When the price of virgin PET is low, it may make recycled PET less competitive in terms of cost. The price volatility of virgin PET can affect the demand for recycled PET and influence market growth.
- Quality and Contamination Challenges: Ensuring high-quality standards is vital for the acceptance and utilization of recycled PET in various applications. Contamination during the recycling process, such as the presence of non-PET materials or inadequate sorting, can affect the quality of recycled PET. If the quality of recycled PET does not meet the required standards, it may limit its use in certain applications and impact market growth.
- Limited Demand and Market Penetration: Although there is a growing demand for sustainable packaging and recycled materials, the adoption of recycled PET may face challenges in specific industries or regions. Some industries may have concerns about the performance or aesthetics of recycled PET compared to virgin PET. Expanding market penetration and increasing awareness about the benefits and capabilities of recycled PET are crucial to overcome these challenges and drive market growth.
Overall, these threats pose significant challenges for the Europe Recycled PET Market and require companies to be vigilant in addressing them to ensure sustainable growth and profitability.
|Feature of the Report||Details|
|Market Size in 2023||USD 2.53 billion|
|Projected Market Size in 2032||USD 3.67 billion.|
|Market Size in 2022||USD 2.42 billion|
|CAGR Growth Rate||4.2% CAGR|
|Key Segment||By Product Type, Service Type and Region|
|Report Coverage||Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends|
|Regional Scope||North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America|
|Buying Options||Request tailored purchasing options to fulfil your requirements for research.|
By Product Type:
Recycled PET Flakes: Recycled PET flakes are small pieces of PET obtained by shredding and grinding post-consumer PET bottles. These flakes undergo a cleaning process to remove impurities and contaminants, resulting in a material suitable for further processing or applications.
Recycled PET Pellets: Recycled PET pellets are produced by melting and extruding recycled PET flakes. The flakes are melted, filtered, and then pelletized into small granules. These pellets can be used in various manufacturing processes, such as injection molding, blow molding, and extrusion, to produce a wide range of products.
Recycled PET Fibers: Recycled PET fibers are produced by melting and spinning recycled PET pellets into fine filaments. These fibers can be used in the textile industry to manufacture fabrics, carpets, apparel, and other textile products. Recycled PET fibers are known for their durability and sustainability.
Recycled PET Sheets: Recycled PET sheets are made by processing recycled PET flakes or pellets into flat sheets of varying thicknesses. These sheets are commonly used in applications like packaging, signage, and construction. Recycled PET sheets offer good strength, transparency, and recyclability.
By Service Type:
Packaging: The packaging industry is a significant consumer of recycled PET. rPET is commonly used in the production of food and beverage containers, such as bottles, jars, trays, and clamshells. Recycled PET offers cost savings and environmental benefits, making it an attractive option for sustainable packaging solutions.
Textiles: The textile industry is another major sector that utilizes recycled PET. rPET can be processed into polyester fibers and yarns, which are used in the production of fabrics for apparel, home furnishings, upholstery, and carpets. Recycled PET textiles help reduce the dependence on petroleum-based materials and minimize waste.
Automotive: The automotive industry incorporates recycled PET in various applications, including interior fabrics, carpets, sound insulation materials, and non-woven components. The use of rPET in automotive manufacturing helps reduce the environmental impact and contributes to sustainable practices within the industry.
Construction: Recycled PET finds application in the construction industry as well. It is used in the production of insulation materials, geotextiles, roofing membranes, and composite materials. rPET offers advantages such as thermal insulation, moisture resistance, and improved sustainability in construction projects.
Consumer Goods: Recycled PET is utilized in the production of various consumer goods, including household items, electronics, toys, and sports equipment. Manufacturers are increasingly incorporating rPET into their products to meet sustainability goals and cater to environmentally conscious consumers.
Europe Recycled PET Market – Regional Analysis
Europe Recycled PET Market can be analyzed regionally based on the geographical distribution and the market presence of key players.
Western Europe: The Europe Recycled PET Market is significantly influenced by countries like Germany, France, the United Kingdom, and the Netherlands in the Western European region. These countries have implemented stringent regulations and sustainability initiatives to encourage the use of recycled materials. Well-established recycling infrastructure, high consumer awareness, and the demand for sustainable packaging contribute to the market’s growth in this region.
Nordic Countries: Sweden, Norway, Denmark, and Finland, among other Nordic countries, prioritize sustainability and environmental preservation. Advanced recycling systems and initiatives promoting the use of recycled materials, including PET, are in place. Industries such as packaging, textiles, and automotive drive the demand for recycled PET in these countries.
Central and Eastern Europe: Poland, the Czech Republic, Hungary, Romania, and other countries in Central and Eastern Europe have witnessed growing adoption of recycled PET. Increasing environmental awareness, improved waste management infrastructure and the presence of plastic processing industries contribute to the market’s growth in this region.
Southern Europe: Spain, Italy, and Greece show significant potential in the Recycled PET market. These countries have implemented recycling initiatives and are focusing on sustainable packaging solutions. Industries such as food and beverages, personal care, and textiles drive the demand for recycled PET in these regions.
Rest of Europe: The Benelux region, consisting of Belgium, the Netherlands, and Luxembourg, actively promotes recycling and sustainable practices. Advanced recycling infrastructure and efficient waste management systems contribute to the growth of the Recycled PET market in this region. The presence of major packaging and consumer goods industries further drives the demand for recycled PET.
Competitive Landscape – Europe Recycled PET Market
The Europe Recycled PET Market is highly competitive and is dominated by several major players, including:
- Petcore Europe: Established in 1993, Petcore Europe is an industry association dedicated to promoting the sustainable utilization and recycling of PET (Polyethylene Terephthalate) in Europe. As a non-profit organization, it represents the entire PET value chain, including resin producers, packaging manufacturers, recycling companies, and other stakeholders.
- ALPLA Werke Alwin Lehner GmbH & Co KG: ALPLA is a prominent provider of packaging solutions and a key player in the recycled PET market. With recycling facilities in Europe, the company offers a diverse range of sustainable packaging solutions utilizing recycled PET. ALPLA collaborates with EREMA to deliver customized recycling solutions that meet specific application requirements.
- Suez SA: Suez is a multinational utility company specializing in waste management and recycling services. The company operates PET bottle recycling facilities across Europe, supplying recycled PET flakes for various applications.
- EREMA Group: Based in Austria, the EREMA Group is a leading manufacturer of plastics recycling solutions. Their expertise lies in developing and producing innovative recycling solutions for various types of plastics, including PET (Polyethylene Terephthalate).
Indorama Ventures, Loop Industries, Plastipak, PreZero PET, Vanden Recycling, Others. These companies compete on the basis of service quality, pricing, target market, and marketing strategies to maintain their market share and gain a competitive advantage.
The Europe Recycled PET Market is segmented as follows:
By Product Type:
- Recycled PET Flakes
- Recycled PET Pellets
- Recycled PET Fibers
- Recycled PET Sheets
By Service Type:
- Consumer Goods
On the basis of Europe Geography
- Northern Europe
- Southern Europe
- Central Europe
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Europe Recycled PET Market, (2023 – 2032) (USD Billion)
- 2.2 Europe Recycled PET Market : snapshot
- Chapter 3. Europe Recycled PET Market – Industry Analysis
- 3.1 Europe Recycled PET Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Growing concerns about the environment and sustainability
- 3.2.2 Government regulations and targets
- 3.2.3 Increasing demand for sustainable packaging solutions
- 3.2.4 Advancements in recycling technologies.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porterâ€™s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Product Type
- 3.7.2 Market attractiveness analysis By Service Type
- Chapter 4. Europe Recycled PET Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Europe Recycled PET Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Europe Recycled PET Market – Product Type Analysis
- 5.1 Europe Recycled PET Market overview: By Product Type
- 5.1.1 Europe Recycled PET Market share, By Product Type, 2022 and 2032
- 5.2 Recycled PET Flakes
- 5.2.1 Europe Recycled PET Market by Recycled PET Flakes, 2023 – 2032 (USD Billion)
- 5.3 Recycled PET Pellets
- 5.3.1 Europe Recycled PET Market by Recycled PET Pellets, 2023 – 2032 (USD Billion)
- 5.4 Recycled PET Fibers
- 5.4.1 Europe Recycled PET Market by Recycled PET Fibers , 2023 – 2032 (USD Billion)
- 5.5 Recycled PET Sheets
- 5.5.1 Europe Recycled PET Market by Recycled PET Sheets, 2023 – 2032 (USD Billion)
- 5.1 Europe Recycled PET Market overview: By Product Type
- Chapter 6. Europe Recycled PET Market – Service Type Analysis
- 6.1 Europe Recycled PET Market overview: By Service Type
- 6.1.1 Europe Recycled PET Market share, By Service Type, 2022 and 2032
- 6.2 Packaging
- 6.2.1 Europe Recycled PET Market by Packaging, 2023 – 2032 (USD Billion)
- 6.3 Textiles
- 6.3.1 Europe Recycled PET Market by Textiles, 2023 – 2032 (USD Billion)
- 6.4 Automotive
- 6.4.1 Europe Recycled PET Market by Automotive, 2023 – 2032 (USD Billion)
- 6.5 Construction
- 6.5.1 Europe Recycled PET Market by Construction, 2023 – 2032 (USD Billion)
- 6.6 Consumer Goods
- 6.6.1 Europe Recycled PET Market by Consumer Goods , 2023 – 2032 (USD Billion)
- 6.1 Europe Recycled PET Market overview: By Service Type
- Chapter 7. Europe Recycled PET Market – Regional Analysis
- 7.1 Europe Recycled PET Market Regional Overview
- 7.2 Europe Recycled PET Market Share, by Region, 2022 & 2032 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 Petcore Europe
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 ALPLA Werke Alwin Lehner GmbH & Co KG
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Suez SA
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 EREMA Group
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Indorama Ventures
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Loop Industries
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Plastipak
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 PreZero PET
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Vanden Recycling
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Others.
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.1 Petcore Europe
List Of Figures
Figures No 1 to 18
List Of Tables
Tables No 1 to 2
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
|Perspective||Primary research||Secondary research|
Market Analysis Matrix
|Qualitative analysis||Quantitative analysis|
The key factors driving the Market are Growing concerns about the environment and sustainability, Government regulations and targets, Increasing demand for sustainable packaging solutions and Advancements in recycling technologies.
The key players operating in the Europe Recycled PET Market are Petcore Europe, ALPLA Werke Alwin Lehner GmbH & Co KG, Suez SA, EREMA Group, Indorama Ventures, Loop Industries, Plastipak, PreZero PET, Vanden Recycling, Others.
The Europe Recycled PET Market is expanding growth with a CAGR of approximately 4.2% during the forecast period (2023 to 2032).
The Europe Recycled PET Market size was valued at USD 2.42 Billion in 2022 and it is projected to reach around USD 3.67 Billion by 2032.