Recycled PET Flakes

Global Recycled PET Flakes Market to Reach US$20.3 Billion by 2030

The global market for Recycled PET Flakes estimated at US$11.0 Billion in the year 2024, is expected to reach US$20.3 Billion by 2030, growing at a CAGR of 10.7% over the analysis period 2024-2030. Clear Recycled PET Flakes, one of the segments analyzed in the report, is expected to record a 11.8% CAGR and reach US$15.1 Billion by the end of the analysis period. Growth in the Colored Recycled PET Flakes segment is estimated at 7.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.0 Billion While China is Forecast to Grow at 14.7% CAGR

The Recycled PET Flakes market in the U.S. is estimated at US$3.0 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2030 trailing a CAGR of 14.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.6% and 9.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.5% CAGR.

Global Recycled PET Flakes Market – Key Trends & Drivers Summarized

Why Are Recycled PET Flakes Becoming a Key Material in Sustainable Packaging?

Recycled polyethylene terephthalate (PET) flakes have emerged as a critical material in sustainable packaging, textile manufacturing, and industrial applications. With increasing concerns about plastic waste and environmental sustainability, industries are shifting toward recycled PET as a viable alternative to virgin plastic. PET flakes, derived from post-consumer plastic bottles and containers, are widely used in producing food-grade packaging, fibers for clothing, and eco-friendly building materials. Regulatory mandates requiring higher recycled content in plastic packaging have further accelerated demand for recycled PET flakes. Additionally, consumers are prioritizing brands that incorporate recycled materials, driving businesses to integrate sustainable solutions into their supply chains.

How Are Innovations in Recycling Technologies Enhancing PET Flake Quality?

The advancement of PET recycling technologies has significantly improved the purity, strength, and usability of recycled PET flakes. Advanced sorting and washing techniques, such as near-infrared (NIR) technology and AI-powered optical sorting, are enhancing the quality of PET recovery. Chemical recycling methods, including depolymerization, are enabling the production of food-grade recycled PET that meets stringent safety standards. Additionally, the use of blockchain and traceability tools is improving transparency in PET recycling supply chains. These innovations are making recycled PET flakes more competitive with virgin PET, enabling their adoption across high-performance applications.

What Market Trends Are Driving the Expansion of the Recycled PET Flakes Industry?

The demand for circular economy solutions has fueled the expansion of the recycled PET flakes market, with industries such as food & beverage, apparel, and consumer goods integrating recycled content into their products. The growing adoption of refillable packaging models and the shift toward rPET-based textiles have further boosted demand. Additionally, global regulations mandating minimum recycled content in plastic packaging are influencing market dynamics. The increasing focus on extended producer responsibility (EPR) programs and sustainability certifications is also shaping purchasing decisions and production standards.

What Are the Key Growth Drivers of the Recycled PET Flakes Market?

The growth in the global recycled PET flakes market is driven by increasing regulatory requirements, corporate sustainability commitments, and advancements in plastic recycling technology. The expansion of eco-friendly packaging, sustainable textiles, and closed-loop recycling systems is further propelling market demand. With continued investment in high-quality recycling processes and material innovation, the recycled PET flakes market is expected to experience sustained growth, supporting global sustainability efforts.

SCOPE OF STUDY:

The report analyzes the Recycled PET Flakes market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Clear Recycled PET Flakes, Colored Recycled PET Flakes); End-Use (Non-Food Bottles & Containers End-Use, Food & Beverage Bottles End-Use, Sheets & Films End-Use, Fibers End-Use, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 41 Featured) -

• Alpek S.A.B. de C.V.
• ALPLA Group
• AMUT Group
• Biffa plc
• Evergreen Plastics
• Fantastic Plastic
• Far Eastern New Century Corporation
• GreenMantra Technologies
• Indorama Ventures Public Limited
• Kaltani
• Loop Industries
• Pashupati Group
• PET to PET Recycling Österreich GmbH
• Plastipak Holdings, Inc.
• Polindo Utama
• PolyQuest, Inc.
• Sorema Plastic Recycling Systems
• Starlinger & Co. GmbH
• Tridi Oasis
• Wellman International

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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