Recycled PET (rPET) Bottles Market is expected to grow at a CAGR of 7.99% during the forecast period and market is projected to reach USD 5.29 Bn. by 2030.
What is Recycled PET (rPET) Bottles Market scope?
The Recycled PET (r-PET) Bottles market focuses on the recycling and repurposing of polyethylene terephthalate (PET) bottles for various applications. These bottles are reprocessed into new PET materials through hydrolyzation and re-polymerization, which can be used to manufacture food-grade plastics and non-food-grade products. The market encompasses a broad spectrum of applications, ranging from beverage and food packaging to personal care products and pharmaceuticals. The report evaluates both global and regional markets, providing insights into how different geographical regions influence market growth due to factors like government regulations, recycling infrastructure, and consumer demand for sustainable products.
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As the world moves towards a circular economy model, the scope of the r-PET market is rapidly expanding. Governments around the globe are enforcing stricter regulations on plastic use and promoting recycling initiatives, which is driving the demand for recycled PET materials. The food-grade r-PET market, in particular, is growing significantly due to the material’s lightweight, safety, and inertness. Additionally, companies across various industries, such as cosmetics and pharmaceuticals, are increasingly opting for recycled PET packaging to meet sustainability goals, further broadening the market’s scope.
Recycled PET (rPET) Bottles Market Trends:
One of the key trends in the r-PET bottles market is the shift toward a circular economy, where companies focus on recycling, reusing, and upcycling materials to minimize landfill waste. This shift has driven an increase in demand for recycled PET bottles, particularly from companies looking to reduce their environmental impact. As more companies align with sustainability goals, the use of r-PET in packaging is gaining traction, especially in industries like food and beverages, personal care, and pharmaceuticals. The growing global awareness around environmental sustainability and resource conservation is further fueling this trend.
What are Recycled PET (rPET) Bottles Market Dynamics?
The growth of the r-PET bottles market is largely driven by government regulations aimed at reducing plastic waste and promoting recycling initiatives. Many nations are imposing restrictions on single-use plastics, leading to a surge in demand for recycled alternatives like r-PET bottles. Additionally, the transition toward a circular economy, where materials are recycled and reused, is a major driver for the market. Companies in the plastic packaging industry are being encouraged to adopt economical recycling practices, further boosting the demand for r-PET materials. The growing consumer preference for sustainable and eco-friendly products is also contributing to market expansion.
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How is the Asia Pacific Recycled PET (rPET) Bottles Market Expected to grow?
Asia Pacific leads the r-PET bottle market in terms of revenue. In this regard, China is a leading nation in the production and use of r-PET bottles. Up until 2017, China imported 50% of the world’s waste for recycling; however, due to pollution concerns, they have since stopped importing waste from other countries. In this area, Future, India, and Japan are notable consumers of r-PET bottles. Japan now has an assortment rate of about 85% and intends to reach 100% by the end of 2023. Another prominent region for the production of r-PET bottles is Europe.
What is the expected growth of Recycled PET (rPET) Bottles Market by Grade segmentation?
Food and Non-food are included in the Grade section. The weightlessness, safety, and biological inertness of r-PET are expected to propel the market for r-PET bottles during the forecast period, with the food segment leading the way. Manufacturers are placing more of an emphasis on improving the recycled PET bottles’ “protection from microorganisms” capacity as the food and beverage section’s study becomes more thorough. Even so, there has been an exponential increase in the use of recycled PET bottles for the packaging of non-food items like mouthwash, shampoo, and cleansers as consumer goods manufacturers become aware of the superiority and high density of r-PET over PET. Clear and Color are the two further divisions within the Type segment.
What is Recycled PET (rPET) Bottles Market Segmentation?
by Grade
• Food
• Non-food
by Type
• Clear
• Color
by Recycling Process
• Mechanical
• Chemical
by Application
• Packaging
• Industrial Yarn
• Mono Filaments
• Strapping
• Building Materials
• Others
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What are the key Players for Recycled PET (rPET) Bottles Market?
• Extrupet Group (Pty) Ltd.
• CarbonLITE Industries LLC
• Phoenix Technologies International LLC
• Vanden Global Ltd.
• UltrePET LLC
• Seiu Japan Co., Ltd.
• ALPLA Werke Alwin Lehner GmbH & Co KG
• SEINAN Corporation, Kuusakoski Oy
• Evergreen Plastics, Inc.
• Indorama Ventures Public Company Limited
• Verdeco Recycling, Inc.
• Clear Path Recycling, LLC
• Krones AG
• Placon (EcoStar)
• PolyQuest
• Lotte Chemicals
• Avery Dennison Corporation
• M&G Chemicals
• Zhejiang Anshun Pettechs Fibre Co., Ltd.
• Libolon
• BariQ
• Sorema
• Ergis Recycling
Key Offerings:
- Past Market Size and Competitive Landscape
- Recycled PET (rPET) Bottles Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Recycled PET (rPET) Bottles Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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