Recycled Polyethylene Terephthalate Market Largest Region North America, Europe, APAC, Latin America, MEA

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The global recycled polyethylene terephthalate market was valued at USD 8.5 billion in 2020 and is anticipated to grow at a CAGR of 6.7% from 2021 to 2030.

The global recycled polyethylene terephthalate market size is predicted to hit around USD 14.8 billion by 2030, according to a new study by Vision Research Reports.

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Recycled Polyethylene Terephthalate Market (By Product: Clear, Colored; By End Use: Fiber, Food & Beverage Containers & Bottles) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2021-2030

Recycled Polyethylene Terephthalate Market Size 2021 to 2030

 

Growth Factors

The growing beverage industry in countries, such as China, India, Japan, South Korea, Vietnam, and the Philippines, as well as increasing demand for Recycled Polyethylene Terephthalate (rPET) in non-food sectors, is expected to drive the global market over the forecast period.

Recycled PET is a synthetic compound prepared from used PET products, which finds application in a wide range of end-use industries. The resins are produced from post-consumer PET bottle flakes and are one of the most stable forms of recycled PET. Clear was the largest type of rPET in 2020 and the product is expected to continue dominating the global market owing to the high demand in the production of bottles and sheets. Clear recycled PET is widely used in multiple applications, such as in the production of resins and fibers.

Read More Details@https://www.visionresearchreports.com/recycled-polyethylene-terephthalate-market/38420

Report Coverage Details
Market Size USD 14.8 Billion by 2030
Growth Rate CAGR of 6.7% from 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product, End User
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned PLACON, Clear Path Recycling LLC, Verdeco Recycling, Inc., M&G Chemicals, Zhejiang Anshun Pettechs Fibre Co., Ltd., PolyQuest, Evergreen Plastics, Inc., Phoenix Technologies, Libolon.

Key Players

The key players operating in the marrket are PLACON, Clear Path Recycling LLC, Verdeco Recycling, Inc., M&G Chemicals, Zhejiang Anshun Pettechs Fibre Co., Ltd., PolyQuest, Evergreen Plastics, Inc., Phoenix Technologies, Libolon.

Market Segmentation

Product Type

  • Clear
  • Colored

End-use Type

  • Fiber
  • Sheet & Film
  • Strapping
  • Food & Beverage Bottles & Containers
  • Non-Food Bottles & Containers
  • Others

Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Browse complete table of contents at https://www.visionresearchreports.com/recycled-polyethylene-terephthalate-market/toc/38420

In this study, the years considered to estimate the market size of recycled polyethylene terephthalate are as follows:

  • History Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2030

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2021) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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