Recycled Polyethylene Terephthalate Market is predicted to reach USD 14.5 billion at a CAGR of 7.60% during the forecast period

Pune, India, September 2023 /press release/- Market Research Future Published a Cooked Research Report on Global Recycled Polyethylene Terephthalate Market Research Report.

Market Research Future (MRFR) has published a cooked research report on the “Global Recycled Polyethylene Terephthalate Market” that contains information from 2018 to 2030. The Recycled Polyethylene Terephthalate market is estimated to register a CAGR of 7.60% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Recycled Polyethylene Terephthalate market— Clear Path Recycling, Verdeco Recycling, Indorama Ventures Public Company, Zhejiang AnshunPettechs Fiber, Evergreen Plastics, Montello S.P.A, Phoenix Technologies, M&G Chemicals, and LIBOLON.

Market Highlights

The global Recycled Polyethylene Terephthalate market is accounted to register a CAGR of 7.60% during the forecast period and is estimated to reach USD 14.5 billion by 2030.

The recycled polyethylene terephthalate (rPET) market refers to the industry for the processing and distribution of PET plastic that has been recycled and reused as a sustainable alternative to virgin PET. rPET finds applications in packaging, textiles, and various other products, contributing to reducing plastic waste and promoting circular economy practices.

Segment Analysis

The global Recycled Polyethylene Terephthalate market has been segmented based on Product Type, Application.

On the basis of Product Type, the market is segmented into Clear and colored. Clear recycled polyethylene terephthalate is more affordable and often favoured than coloured versions. The sector is projected to hold a bigger market share in the years to come with regard to the revenue generated by the recycled polyethylene terephthalate market, however, given the significant demand for coloured recycled polyethylene terephthalate in textiles and clothing.

Based on Application, the global Recycled Polyethylene Terephthalate market has been segmented into Fiber, Sheet & Film, Strapping, Food Grade Bottles & Containers, Non-Food Grade – Bottles & Containers and Others. In 2021, fibre had the highest volume share—more than 40.0%. Mattresses, pillows, automobile seats, and even insulating items are commonly made from fibre.

Regional Analysis

The global Recycled Polyethylene Terephthalate market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Recycled Polyethylene Terephthalate market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Recycled Polyethylene Terephthalate market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Recycled Polyethylene Terephthalate market comprises of Middle East, Africa, and Latin America.

The Asia-Pacific Recycled Polyethylene Terephthalate Market dominated this market in 2022 8.1 billion in 2021 and is anticipated to expand at a notable CAGR over the course of the projected period. In terms of recycled PET market share in 2020, Asia-Pacific lead. Due to the expansion of PET recycling initiatives in Southeast Asian nations, the demand for recycled polyethylene terephthalate is anticipated to grow even more in the Asia-Pacific region over the next five years. Due to the inexpensive labour and easily accessible and affordable raw resources, overseas investors also contribute to market expansion.

Additionally, the market for recycled polyethylene terephthalate in North America is anticipated to expand at the quickest CAGR between 2022 and 2030. Over the projection period, it is predicted that landfill bans enacted in a number of industrialised nations in North America and Europe will fuel the market for recycled PET. Additionally, as people's awareness of plastic waste has grown, governments have started to take actions to encourage plastic recycling, which has helped the polyethylene terephthalate recycling industry.

Moreover, the second-largest market share for recycled polyethylene terephthalate is held by Europe, thanks to the presence of bottling companies throughout the world that are gradually implementing recycled PET in order to build sustainable material sourcing strategies. The recycled polyethylene terephthalate market in Germany had the biggest market share, and the market in the United Kingdom had the quickest rate of growth in the continent of Europe.

Key Findings of the Study

• The global Recycled Polyethylene Terephthalate market is expected to reach USD 14.5 billion by 2030, at a CAGR of 7.60% during the forecast period.


• The Asia-Pacific Recycled Polyethylene Terephthalate Market dominated this market in 2022 8.1 billion in 2021 and is anticipated to expand at a notable CAGR over the course of the projected period.


• Based on Application, in 2021, fibre had the highest volume share—more than 40.0%. Mattresses, pillows, automobile seats, and even insulating items are commonly made from fibre.

Clear Path Recycling, Verdeco Recycling, Indorama Ventures Public Company, Zhejiang AnshunPettechs Fiber, Evergreen Plastics, Montello S.P.A, Phoenix Technologies, M&G Chemicals, and LIBOLON.
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