Report Ocean has recently released a comprehensive research report on the global Recycled Polyethylene Terephthalate Market. The report offers a detailed analysis of various market characteristics, such as size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. It also provides insights into the impact of the COVID-19 pandemic on the market.
Global Recycled Polyethylene Terephthalate Market is valued approximately at USD 8.56 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.7% over the forecast period 2021-2027.
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Recycled Polyethylene Terephthalate is also referred as the Recycled PET or rPET. It is a synthetic compound developed from used PET products. The global Recycled Polyethylene Terephthalate market is being driven by increasing use of rPET in the packaging of food and non-food related products. Furthermore, the growing ban on plastics by the certain countries, favorable government initiatives will provide growth for the global Recycled Polyethylene Terephthalate industry. For instance, in 2017, Kenya government banned single-use plastic bags and in 2020 prohibited its visitors from taking single-use plastics such as water bottles and disposable plates into national parks, forests, beaches, and conservation areas. Also, according to the weforum.org, more than 170 nations have pledged to “significantly reduce” use of plastic by 2030. However, unsystematic & informal plastic disposals and export-import of plastic waste may impede market growth over the forecast period of 2021-2027. Also, with its increasing use in the road construction and concrete formation along with the setting up of organized recycling channels the adoption & demand for Recycled Polyethylene Terephthalate is likely to increase.
Asia-Pacific is considered to be the dominant and fastest growing region among the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. This growth can be attributed to growing end-use industries and affordable skilled labor force has stimulated product demand in the region.
Major market player included in this report are:
Biffa
PLACON
Clear Path Recycling LLC
Verdeco Recycling, Inc.
M&G Chemicals
Zhejiang Anshun Pettechs Fibre Co., Ltd.
PolyQuest
Evergreen Plastics, Inc.
Phoenix Technologies
Libolon
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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 Product Type:
Clear
Colored
By End-Use:
Fiber
Sheet & Film
Strapping
Others
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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Here are the key questions addressed in the report:
- What is the potential for growth in the Recycled Polyethylene Terephthalate market?
- Which product segment is expected to dominate the market?
- Which regional market is likely to emerge as a frontrunner in the future?
- Which application segment is poised for strong growth?
- What are the potential growth opportunities that may arise in the Recycled Polyethylene Terephthalate industry?
- What are the major challenges that the Recycled Polyethylene Terephthalate Market may face in the future?
- Who are the leading companies in the Recycled Polyethylene Terephthalate Market?
- What are the key trends positively impacting the market’s growth?
- What growth strategies are being considered by the market players to maintain their position in the Recycled Polyethylene Terephthalate Market?
Our sample report encompasses the following elements:
- Introduction, Overview, and In-depth Industry Analysis: A comprehensive analysis of the industry, providing an updated report introduction along with an in-depth examination of key aspects.
- Research Report of 200+ Pages: The report consists of more than 200 pages, incorporating the latest research findings and insights.
- Chapter-wise Guidance: We offer chapter-wise guidance upon request, allowing you to navigate the report and delve into specific areas of interest.
- Updated Regional Analysis with Graphical Representation: Our report includes an updated regional analysis, presented in a graphical format to illustrate the size, share, and emerging trends within each region.
- List of Tables and Figures: It features an updated list of tables and figures that support the information presented in the report.
- Top Market Players: The report includes a comprehensive analysis of the leading market players, highlighting their business strategies, sales volume, and revenue analysis.
- Facts and Factors Research Methodology: Our research methodology is based on a rigorous approach, ensuring the accuracy and reliability of the information presented in the report.
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