Recycled PET Market Size, Trends, and Insights 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), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI22448

Published Date: February 2023

Pages: 220+

Category: Chemicals And Materials

Report Snapshot

CAGR: 5.8%
9.02B
2021
9.37B
2022
12.25B
2030

Source: CMI

Study Period: 2021-2023
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Amcor Ltd
  • PLACON
  • Clear Path Recycling LLC
  • Verdeco Recycling, Inc.
  • Biffa
  • Others

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Reports Description

According to Custom Market Insights (CMI), the Global Recycled PET Market size was estimated at USD 9.02 Billion in 2021 and is expected to reach USD 9.37 billion in 2022 and is expected to hit around USD 12.25 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 5.8% from 2022 to 2030.

Polyethylene terephthalate PET is an aliphatic polyester and thermoplastic resin. It is widely available and cost-effective, due to which it can be recycled widely. It is extruded or molded into plastic bottles and containers for packaging foods and beverages, personal care products, and many other consumer products.

The global recycled PET market is evolving, and companies are now focusing more on strengthening and consolidating R&D activities, thereby increasing the production capacity of plastic packaging, thus driving the market growth by catering to the need for plastic packaging in various end-use industries.

Growth Factors.

Government initiatives on growing plastic waste and support for recycled PET-based plastic have enhanced the performance of the recycled PET market. In addition, PET is the most commonly recycled plastic on the earth. According to data revealed by Plastic Ingenuity, almost every recycling program in the US accepts PET materials.

The Life Cycle Inventory Study reported in 2010 that “for every pound of recycled PET flake used, energy use is reduced by 84%; greenhouse gas emissions by 71%. This may act as one of the key drivers responsible for the growth of the market during the forecast period. Factors such as the growing young population across the globe, growing demand for various clothing, and rise in fashion consciousness among people have led them to opt for moisture barriers based on recycled PET mainly because it is used as a fiber for clothing.

The growing population across the globe, the increase in the number of working women, and the rising demand for ready-to-eat packaged food have given way to the recycled PET industry. Recycled PET-based plastics are extensively used in the manufacturing of plastic containers. This is projected to propel the growth of the recycled PET market in the upcoming years. In addition, the growing food and beverages industry across the world is driving the potential sales of recycled PET market.

For instance, according to an article published by IBIS World, in the year August 2022, the industry revenue is expected to fall at a compound annual rate of 0.9% over the five years through 2022-23 to £935.4 million. These factors are enhancing the overall growth of the recycled PET market.

On the contrary, the growing e-commerce sector and well-established organized retail stores in both developed and developing countries have boosted the recycled PET market.

These factors together are projected to create remunerative opportunities for the expansion of the recycled PET market in the future.

Recycled PET Market Segmentation.

Recycled PET Market, segmented by Product Type

Depending upon the product type the recycled PET market is segmented clear and colored.

The clear segment dominated the market in 2021 and accounted for a total major share of 78.0%.

The clear type of rPET-based segment provides extended shelf life due to which it has gained popularity in the food and beverages industry where it is used in the form of bottles, jars, containers, and many others. This is anticipated to increase the demand for plastic packaging in the industrial sector.

Furthermore, the clear rPET is mostly suitable for a wide range of products, including food, medicine, electronics, toys, personal care items, office stuff, and among others. In addition, the ease of processing system, availability of various raw material, and cost-effective material has driven the market growth.

In response to this, several manufacturers are actively engaged in the production of a clear type of rPET products and prefer clear granules or flakes to manufacture containers and bottles, as opposed to opaque or colored PET. Clear rPET products help in the easy detection of variations of the product inside, such as a change in color, fungal growth, and chemical reaction due to inadequate storage conditions.

Moreover, the colored type of recycled PET market will show considerable growth during the forecast period. The colored rPET products are widely used for ice cream wrappers, to seal food trays, laundry capsule pouches, and bottle sleeves, and during transportation. This is anticipated to enhance the demand for rPET in the market; thus, creating remunerative opportunities for the market.

Recycled PET Market, segmented on the basis of End Use

Based on application, the global recycled PET market is studied across fiber, food & beverage containers, bottles, and others. It is expected that the global fiber application segment to hold a dominant position during 2022 – 2031 with a total share of 42.56%.

The factors such as a rapid shift in lifestyle, the busy schedule of people, and growing trends of ready-to-eat packed food have escalated the demand for various types of recycled PET products, which it is extensively used as protecting and covering material while carrying out food during transportation.

In addition, growing consumer goods, textile, automotive textile, clothing, and FMCG sectors have positively impacted market growth. Recycled PET-based products are extensively used in automotive cushioning for making seat belts, seat covers, carpets, and others. Moreover, recycled PET-based products are popularly used in the textile industry for the manufacturing of t-shirts, fiber-based jackets, and many others. These factors are likely to dominate the market in the upcoming years.

Furthermore, the growing food & beverages industry is also contributing to the market growth. An initiative from developed and developing economies and additional efforts and support for recycling PET from popular brands will increase the potential sales of rPET during the forecast period.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 9.02 Billion
Projected Market Size in 2030 USD 12.25 Billion
Market Size in 2022 USD 9.37 Billion
CAGR Growth Rate 5.8% CAGR (2022-2030)
Base Year 2022
Forecast Period 2023-2032
Key Segment By Product Type, End Use, 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.

Regional Analysis

Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Asia-Pacific is the dominant region in the global recycled PET market and accounts for 43.67% of the total market share. This region is also anticipated to maintain its dominance throughout the forecast period. Countries such as China, Japan, India, and others have significant contributions to the growth of the recycled PET market in the region.

The growth of fiber, consumer goods, bottle-to-bottle production, food and beverages, and other end-use industries has surged the demand for rPET. Furthermore, the healthcare sector is one of the booming sectors in India. For instance, according to a report published by NITI Aayog in the year March 2021, India’s healthcare industry has been growing at a Compound Annual Growth Rate (CAGR) of around 22% since 2016.

At this rate, it is expected to reach USD 372 billion in 2022. These factors together increase the usage of rPET in the growing healthcare industry for manufacturing and packaging various healthcare products such as various surgical containers, medical bottles, saline bottles, syringes, and many others.

Moreover, China has a dynamic market for the food & beverages sector owing to the rise in the population, growing recycling PET plants, rise in import & export trade, and increased demand for food have enhanced the market growth. According to data published by the Ministry of Environment, Forest and Climate Change, the government notifies the Plastic Waste Management Amendment Rules, 2021, prohibiting identified single-use plastic items by 2022. This regulation acts as one of the supporting factors for the growth of the recycled PET market during the forecast period.

The Europe region has shown considerable growth due to the strong presence of automotive, textile, and manufacturing plants where recycled PET is used in the manufacturing of bottles, containers, automotive textiles, fiber-based clothing, and others.

Moreover, an increase in the utilization of shipping containers and import and export activities across North America, Europe, Asia-Pacific, and the LAMEA region has fueled the growth of the industrial packaging segment.

Global Recycled PET Market 2022–2030 (By Billion)

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Popular brands focusing on recycling PET-based products:

Coca-Cola and PepsiCo have announced decisions to use 50% of recycled content in plastic packaging by 2023 wherein PepsiCo has announced to use of 25% of recycled PET. In addition, Nestlé, L’Oréal, PepsiCo, and many other popular brands have opted for bottles to bottle recycling approach for a sustainable environment.

Key Findings:

  • The colored type of segment dominated the market in 2021 and is expected to grow over the forecast period with a total market share of 78%.
  • Global fiber application segment to hold a dominant position during 2022 – 2031 and accounted for 45% of the total market share during the forecast period.
  • Asia-Pacific is the dominant region in the bio-butanol market with a total market share of 43.67% during the forecast period.

Key market 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

Key Developments:

  • In September 2021, Biffa acquired the recycling asset of Virdor Waste Management Ltd. This strategic acquisition has widened Biffa’s recycling assets.
  • In June 2021, Indorama Ventures acquired CarboonLite Holdings’ facility based out of Texas to increase its PET recycling capability. This strategic acquisition is expected to increase the overall company’s growth in the market.

COVID-19 Analysis

The recycled PET market has had little impact due to the wake of the COVID-19 pandemic, owing to the rise in cases of COVID-19, the implementation of emergency protocols and shutdown of various operations and facilities have been observed during 2020.

However, the recycled PET market faced several difficulties with material supply chain disruptions, and labour shortages, in 2020.

Furthermore, to control the surge of novel coronavirus cases, there is a drastic shift of investments from other sectors toward the packaging sector. Also, several plastic packaging-based product manufacturing companies have either shut down or shrunk their operations due to the risk of infection among the workforce.

This has temporarily hampered the demand and supply chain of the recycled PET market. In addition, the falling income of customers has led contraction in the demand for clothes, bottles, packaged foods, and many others, and others during the COVID-19 period.

In the first quarter of 2021, the market for recycled PET has experienced due to increase in the demand for automotive, apparel, healthcare, household products, and other end-use industry worldwide, compared to that in 2020.

Global Recycled PET Market 2022–2030 (By End Use)

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Segments covered in the report

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)

By Region

North America

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

Europe

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

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • 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

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 Global Recycled PET Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Recycled PET Market : snapshot
  • Chapter 3. Global Recycled PET Market – Industry Analysis
    • 3.1 Recycled PET Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Growing use of recycled PET in the food
      • 3.2.2 Beverages and industrial sectors will aid the market growth.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’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 End Use
  • Chapter 4. Global Recycled PET Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Recycled PET Market: company market share, 2021
    • 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
  • Chapter 5. Global Recycled PET Market – Product Type Analysis
    • 5.1 Global Recycled PET Market overview: By Product Type
      • 5.1.1 Global Recycled PET Market share, By Product Type , 2021 and 2030
    • 5.2 Clear
      • 5.2.1 Global Recycled PET Market by Clear, 2022 – 2030 (USD Billion)
    • 5.3 Colored
      • 5.3.1 Global Recycled PET Market by Colored, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Recycled PET Market – End Use Analysis
    • 6.1 Global Recycled PET Market overview: By End Use
      • 6.1.1 Global Recycled PET Market share, By End Use, 2021 and 2030
    • 6.2 Fiber
      • 6.2.1 Global Recycled PET Market by Fiber, 2022 – 2030 (USD Billion)
    • 6.3 Food & Beverage Containers
      • 6.3.1 Global Recycled PET Market by Food & Beverage Containers, 2022 – 2030 (USD Billion)
    • 6.4 Bottles
      • 6.4.1 Global Recycled PET Market by Bottles, 2022 – 2030 (USD Billion)
    • 6.5 Others
      • 6.5.1 Global Recycled PET Market by Others , 2022 – 2030 (USD Billion)
  • Chapter 7. Recycled PET Market – Regional Analysis
    • 7.1 Global Recycled PET Market Regional Overview
    • 7.2 Global Recycled PET Market Share, by Region, 2021 & 2030 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Recycled PET Market, 2022 – 2030 (USD Billion)
        • 7.3.1.1 North America Recycled PET Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 North America Recycled PET Market, by Product Type , 2022 – 2030
      • 7.4.1 North America Recycled PET Market, by Product Type , 2022 – 2030 (USD Billion)
    • 7.5 North America Recycled PET Market, by End Use, 2022 – 2030
      • 7.5.1 North America Recycled PET Market, by End Use, 2022 – 2030 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Recycled PET Market, 2022 – 2030 (USD Billion)
        • 7.6.1.1 Europe Recycled PET Market, by Country, 2022 – 2030 (USD Billion)
    • 7.7 Europe Recycled PET Market, by Product Type , 2022 – 2030
      • 7.7.1 Europe Recycled PET Market, by Product Type , 2022 – 2030 (USD Billion)
    • 7.8 Europe Recycled PET Market, by End Use, 2022 – 2030
      • 7.8.1 Europe Recycled PET Market, by End Use, 2022 – 2030 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Recycled PET Market, 2022 – 2030 (USD Billion)
        • 7.9.1.1 Asia Pacific Recycled PET Market, by Country, 2022 – 2030 (USD Billion)
    • 7.10 Asia Pacific Recycled PET Market, by Product Type , 2022 – 2030
      • 7.10.1 Asia Pacific Recycled PET Market, by Product Type , 2022 – 2030 (USD Billion)
    • 7.11 Asia Pacific Recycled PET Market, by End Use, 2022 – 2030
      • 7.11.1 Asia Pacific Recycled PET Market, by End Use, 2022 – 2030 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Recycled PET Market, 2022 – 2030 (USD Billion)
        • 7.12.1.1 Latin America Recycled PET Market, by Country, 2022 – 2030 (USD Billion)
    • 7.13 Latin America Recycled PET Market, by Product Type , 2022 – 2030
      • 7.13.1 Latin America Recycled PET Market, by Product Type , 2022 – 2030 (USD Billion)
    • 7.14 Latin America Recycled PET Market, by End Use, 2022 – 2030
      • 7.14.1 Latin America Recycled PET Market, by End Use, 2022 – 2030 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Recycled PET Market, 2022 – 2030 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Recycled PET Market, by Country, 2022 – 2030 (USD Billion)
    • 7.16 The Middle-East and Africa Recycled PET Market, by Product Type , 2022 – 2030
      • 7.16.1 The Middle-East and Africa Recycled PET Market, by Product Type , 2022 – 2030 (USD Billion)
    • 7.17 The Middle-East and Africa Recycled PET Market, by End Use, 2022 – 2030
      • 7.17.1 The Middle-East and Africa Recycled PET Market, by End Use, 2022 – 2030 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Amcor Ltd
      • 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 PLACON
      • 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 Clear Path Recycling LLC
      • 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 Verdeco Recycling
      • 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 Biffa.
      • 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 Indorama Ventures Public Ltd.
      • 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 Zhejiang Anshun Pettechs Fibre Co. Ltd.
      • 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 PolyQuest
      • 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 Evergreen Plastics Inc.
      • 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 Phoenix Technologies
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Libolon
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
List Of Figures

1 to 20

List Of Tables

1 to 50

Report Methodology

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.

Statistical Model

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.

Primary Validation

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

• Buyers.

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
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players

  • 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

FAQs

“Asia-Pacific” region will lead the global Recycled PET market during the forecast period 2022 to 2030.

The key factors driving the market are growing use of recycled PET in the food & beverages and industrial sectors will aid the market growth.

The key players operating in the Recycled PET market are 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.

The global Recycled PET market is expanding growth with a CAGR of approximately 5.8% during the forecast period (2022 to 2030).

The global Recycled PET market size was valued at USD 9.02 Billion in 2021 and it is projected to reach around USD 12.25 Billion by 2030.
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