Quadintel published a recovery-based report for Global “Recycled PET Market” that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2030) and develops reliable and approximative timeline estimations up to 2030.
Get a complete report on Global Recycled PET Market’ (Including Full TOC, 100+ Tables & Figures, and charts). –Covers Precise Information on Pre & Post COVID-19 Market Outbreak by Region.
Global Recycled PET Market is valued at approximately USD 8.00 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.00 % over the forecast period 2021-2027.
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Recycled PET or Recycled polyester is made by breaking down used plastic into small, thin chips, which are processed and eventually turned into yarn. These plastic pieces are then converted into tiny pellets, melted, and spun into yarn. Increasing demand for RPET from the food & beverage industry, laws & regulations enforced by governments has led to the adoption of Recycled PET across the forecast period. For Instance: As per the United Nations Industrial Development Organization in the third quarter of 2021, global manufacturing production registered an output growth of 5.7 per cent compared to the same quarter of last year, following an increase of 17.7 per cent in the previous quarter. While the economic trajectories vary strongly among countries, the majority of observed economies experienced solid increases in manufacturing production compared to the previous year. Also, with the increasing demand for sustainable packaging solutions, the adoption & demand for Recycled PET is likely to increase the market growth during the forecast period. However, high costs impede the growth of the market over the forecast period of 2021-2027.
The key regions considered for the global Recycled PET market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the established manufacturing, automotive, and industrial sector in this region. Whereas, Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as the increasing PET recycling activities in Southeast Asian countries would create lucrative growth prospects for the Recycled PET market across Asia Pacific region.
Major market players included in this report are:
PLACON (US)
Venturers Public Limited (Thailand)
Biffa (UK)
Far Eastern New Century Corporation (Taiwan)
Plastipak Holding Inc. (US)
Alpek (Mexico)
PolyQuest (US)
OCTAL (Oman)
Loop Industries (Canada)
Evergreen (US)
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Flakes
Chips
By Application:
Bottles
Fiber
Sheets
Strapping
Others
By Source:
Bottles & Containers
Films & Sheets
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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