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Recycled PET Market by Type (rPET Chips, rPET Flakes, rPET Pelletes), Grade (Food Grade, Industrial Grade), Color, Collection Source, End-User, End-Products - Global Forecast 2024-2030

Publisher 360iResearch
Published Jun 05, 2024
Length 183 Pages
SKU # IRE18856278

Description

Recycled PET Market by Type (rPET Chips, rPET Flakes, rPET Pelletes), Grade (Food Grade, Industrial Grade), Color, Collection Source, End-User, End-Products - Global Forecast 2024-2030


The Recycled PET Market size was estimated at USD 13.02 billion in 2023 and expected to reach USD 13.99 billion in 2024, at a CAGR 7.50% to reach USD 21.61 billion by 2030.

Recycled polyethylene terephthalate (rPET) in a PET that has been collected, sorted, cleaned, and reprocessed into new products. It is a widely used type of plastic recognized for its strong, lightweight, and recyclable properties. The escalating global concern for environmental sustainability amid growing volumes of plastic waste has resulted in substantial advancements in the sector of recycled plastics, including PET. The growing focus on the circular economy and government initiatives to encourage the collection and recycling of PET products are leading to the accelerated use of recycled PET in various end-use applications. However, contamination quality issues and complexities in recycling PET waste may adversely impact the end-use sectors' use of recycled PET products globally. Moreover, technological advancements in the recycling process and expanding applications of recycled PET in the textile and automotive sectors are expected to encourage the growth of the recycled PET market worldwide.

Regional Insights

The recycled PET market is evolving in the Americas owing to the increased consumption and recycling rates, stringent government regulations on waste management, and a robust recycling infrastructure of PET. The focus of Europe on sustainability practices exhibits a mature market for recycled PET. The Middle East and Africa region presents a nascent stage for the recycled PET market with government initiatives to reduce plastic waste and promote recycling. The recycled PET market is growing in the Asia-Pacific region, driven by emerging improving waste management infrastructures and the adoption of innovative recycling technologies. Additionally, the integration of breakthrough technologies, including artificial intelligence in the recycling process, can enhance the quality of recycled PET products.

Market Insights
  • Market Dynamics

    The market dynamics represent an ever-changing landscape of the Recycled PET Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
    • Market Drivers
      • Growing concerns about the environmental impact of plastic waste and supportive government initiatives for recycling
      • Increasing demand for recycled PET across the packaging industry
      • Market Restraints
        • Contamination and quality issues with recycled PET
        • Market Opportunities
          • Growing technological advancements in the PET recycling process
          • Expanding applications of recycled PET across the automotive sector
          • Market Challenges
            • Limited infrastructure for recycling and processing of PET
            • Market Segmentation Analysis
              • Type: Expanding use of rPET pellets in manufacturing of automotive components
              • Grade: Proliferating applications of food grade recycled polyethylene terephthalate (rPET)
              • Color: Growing preference for clear recycled PET owing to its easy recycling procedure
              • Collection Source: Increasing focus on recycling PET waste generated by post-commercial sources
              • End-User: Proliferating application of recycled PET in the food and beverage sector
              • End-Products: Evolving usage of recycled PET to create fibers
              • Market Disruption Analysis
              • Porter’s Five Forces Analysis
              • Value Chain & Critical Path Analysis
              • Pricing Analysis
              • Technology Analysis
              • Patent Analysis
              • Trade Analysis
              • Regulatory Framework Analysis
              FPNV Positioning Matrix

              The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Recycled PET Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

              Market Share Analysis

              The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Recycled PET Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

              Recent Developments
              • Aloxe Inaugurates Its New Recycled Pet Plastic Manufacturing Plant in Messein

                Aloxe launched its state-of-the-art recycled PET plastic manufacturing facility in Messein, France. This new plant is a testament to the commitment of the company to sustainability and innovation in the petrochemical sector. The facility is equipped with advanced technology and poised to significantly enhance Aloxe's production capacity, enabling the company to meet the burgeoning demand for recycled PET.

                Indorama Completes Expansion of Recycling Facility in Brazil

                Indorama Ventures Public Company Limited successfully completed an extensive expansion project at its PET recycling facility in Brazil. The upgrade has significantly enhanced the plant's capacity, enabling the facility to process an additional 20,000 tons of post-consumer PET bottles annually.

                Greenback Acquires Enval in Chemical Recycling Combination

                Greenback Recycling strategically merged with Enval Technologies, an innovative firm specializing in advanced chemical recycling, to significantly enhance the process of recycling polyethylene terephthalate (PET) plastics. This strategic partnership aims to revolutionize the recycling landscape by integrating Enval Technologies' proprietary chemical recycling process, which effectively tackles the challenges of recycling complex plastic packaging.
              Strategy Analysis & Recommendation

              The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Recycled PET Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

              Key Company Profiles

              The report delves into recent significant developments in the Recycled PET Market, highlighting leading vendors and their innovative profiles. These include AeroFibre Pvt. Ltd., Agr International, Inc., Alliance Fibres Ltd., Aloxe Holding B.V., Alpek S.A.B. de C.V., Alpla Werke Alwin Lehner GmbH & Co KG, Amcor PLC, Berry Global, Inc., Dalmia Polypro Industries Pvt. Ltd., Dupont Teijin Films Limited, Eco Baltia group, Evergreen, Far Eastern New Century Corporation, Ganesha Ecosphere Ltd., Gravita India Limited, Green Group, Green Recycled&Modified Polymer Co Ltd., Indorama Ventures Public Company Limited, Intco, JB EcoTex Limited, JB rPET Industries Pvt. Ltd., KBR Inc., Langgeng Jaya Group, Libolon, Marglen Industries, Mitsubishi Chemical Corporation, Mura Technology Limited, NAPCOR, Neo Group, UAB, Nizza Plastics Company Ltd., Pashupati Group, Phoenix Technologies International, LLC, Placon Corporation, Plastipak Holdings, Inc., PolyQuest, Inc., PT. Hadtex, RM Corp., SLMG Beverages Pvt.Ltd., Srichakra PolyPlast, Suntory Holdings Limited, Vegware Limited, Veolia Environnement SA, Verdeco Recycling, and Zhejiang BoReTech Environmental Engineering Co., LTD.

              Market Segmentation & Coverage

              This research report categorizes the Recycled PET Market to forecast the revenues and analyze trends in each of the following sub-markets:
              • Type
                • rPET Chips
                • rPET Flakes
                • rPET Pelletes
                • Grade
                  • Food Grade
                  • Industrial Grade
                  • Color
                    • Clear
                    • Colored
                    • Collection Source
                      • Post-commercial
                      • Post-consumer
                      • Post-industrial
                      • End-User
                        • Automotive
                        • Food & Beverage
                        • Packaging
                        • Textile
                        • End-Products
                          • Containers & Vessels
                          • Films & Sheets
                          • Long Fiber
                          • Plastic Bottles
                          • Region
                            • Americas
                              • Argentina
                              • Brazil
                              • Canada
                              • Mexico
                              • United States
                                • California
                                • Florida
                                • Illinois
                                • New York
                                • Ohio
                                • Pennsylvania
                                • Texas
                                • Asia-Pacific
                                  • Australia
                                  • China
                                  • India
                                  • Indonesia
                                  • Japan
                                  • Malaysia
                                  • Philippines
                                  • Singapore
                                  • South Korea
                                  • Taiwan
                                  • Thailand
                                  • Vietnam
                                  • Europe, Middle East & Africa
                                    • Denmark
                                    • Egypt
                                    • Finland
                                    • France
                                    • Germany
                                    • Israel
                                    • Italy
                                    • Netherlands
                                    • Nigeria
                                    • Norway
                                    • Poland
                                    • Qatar
                                    • Russia
                                    • Saudi Arabia
                                    • South Africa
                                    • Spain
                                    • Sweden
                                    • Switzerland
                                    • Turkey
                                    • United Arab Emirates
                                    • United Kingdom


                                    Please Note: PDF & Excel + Online Access - 1 Year

Table of Contents

183 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing concerns about the environmental impact of plastic waste and supportive government initiatives for recycling
5.1.1.2. Increasing demand for recycled PET across the packaging industry
5.1.2. Restraints
5.1.2.1. Contamination and quality issues with recycled PET
5.1.3. Opportunities
5.1.3.1. Growing technological advancements in the PET recycling process
5.1.3.2. Expanding applications of recycled PET across the automotive sector
5.1.4. Challenges
5.1.4.1. Limited infrastructure for recycling and processing of PET
5.2. Market Segmentation Analysis
5.2.1. Type: Expanding use of rPET pellets in manufacturing of automotive components
5.2.2. Grade: Proliferating applications of food grade recycled polyethylene terephthalate (rPET)
5.2.3. Color: Growing preference for clear recycled PET owing to its easy recycling procedure
5.2.4. Collection Source: Increasing focus on recycling PET waste generated by post-commercial sources
5.2.5. End-User: Proliferating application of recycled PET in the food and beverage sector
5.2.6. End-Products: Evolving usage of recycled PET to create fibers
5.3. Market Trend Analysis
5.3.1. Significant expansion of plastic recycling facilities in Americas creating potential for use of rPET products across diverse end-use industries
5.3.2. Government initiatives to encourage the use of recycled PET in diverse industrial applications in the APAC region
5.3.3. Growing emphasis on PET waste collection and recycling in the EMEA region
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis
6. Recycled PET Market, by Type
6.1. Introduction
6.2. rPET Chips
6.3. rPET Flakes
6.4. rPET Pelletes
7. Recycled PET Market, by Grade
7.1. Introduction
7.2. Food Grade
7.3. Industrial Grade
8. Recycled PET Market, by Color
8.1. Introduction
8.2. Clear
8.3. Colored
9. Recycled PET Market, by Collection Source
9.1. Introduction
9.2. Post-commercial
9.3. Post-consumer
9.4. Post-industrial
10. Recycled PET Market, by End-User
10.1. Introduction
10.2. Automotive
10.3. Food & Beverage
10.4. Packaging
10.5. Textile
11. Recycled PET Market, by End-Products
11.1. Introduction
11.2. Containers & Vessels
11.3. Films & Sheets
11.4. Long Fiber
11.5. Plastic Bottles
12. Americas Recycled PET Market
12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States
13. Asia-Pacific Recycled PET Market
13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam
14. Europe, Middle East & Africa Recycled PET Market
14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom
15. Competitive Landscape
15.1. Market Share Analysis, 2023
15.2. FPNV Positioning Matrix, 2023
15.3. Competitive Scenario Analysis
15.3.1. Aloxe Inaugurates Its New Recycled Pet Plastic Manufacturing Plant in Messein
15.3.2. Indorama Completes Expansion of Recycling Facility in Brazil
15.3.3. Greenback Acquires Enval in Chemical Recycling Combination
15.3.4. Indorama To Invest USD 150m In PET Recycling Plants In India
15.3.5. Indorama Ventures partners AMB on Path to PET Food Tray Circularity
15.3.6. Neste to Enable PET Bottles Produced With Bio-Based Materials With Suntory, Eneos and Mitsubishi Corporation
15.3.7. China's Veolia Huafei gets EFSA rPET certification
15.3.8. Lummus Technology and MOL Group Establish Partnership for Advanced Waste Plastic Recycling
15.3.9. Borealis Expands Recycled Plastic Compounding Capacity with Acquisition of Rialti
15.3.10. LanzaTech & Plastipak Partner to Produce World’s First PET Resin Made from Waste Carbon
15.3.11. Biffa acquires stake in PET plastic recycler Esterpet among others
15.3.12. SK Chemicals Invests USD 98.4 Million in Recycled PET Market
15.3.13. PolyQuest Launches PQRenew Recycled Bottle Flake And Resins
16. Competitive Portfolio
16.1. Key Company Profiles
16.2. Key Product Portfolio

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