Global Recycled Polyethylene Terephthalate (PET) Market Growth 2025-2031

The global Recycled Polyethylene Terephthalate (PET) market size is predicted to grow from US$ 13610 million in 2025 to US$ 20610 million in 2031; it is expected to grow at a CAGR of 7.2% from 2025 to 2031.

Polyethylene terephthalate, commonly referred to as PET or polyester resin, is a versatile condensation polymer synthesized from terephthalic acid and ethylene glycol. Its inherent durability, clarity, and resistance to moisture make it an ideal material for a wide range of applications. When PET is collected from used bottles and various forms of post-consumer waste, it undergoes a series of recycling processes to produce what is known as recycled polyester. This reprocessed material retains many of the beneficial properties of virgin PET while contributing to environmental sustainability by reducing waste and conserving resources. The recycling process not only helps in managing plastic waste more effectively but also supports the broader movement towards a circular economy. By transforming discarded PET into valuable raw material, recycled polyester serves as a critical component in various industries, simultaneously addressing environmental concerns and meeting the demand for high-performance polymers.

Market dynamics in the recycled PET industry are shaped by an intricate interplay between upstream raw material sources and a diverse array of downstream applications. The primary supply of recycled PET originates from the petrochemical sector and the extensive network of waste plastic recycling operations. These upstream industries provide the essential inputs required for reprocessing PET into a usable form. Downstream, the versatility of recycled polyester finds expression in numerous sectors such as clothing, home textiles, and shoemaking, where the material’s strength, lightweight properties, and ease of processing are highly valued. Among the various recycling processes available, material recycling has emerged as the mainstream approach due to its efficiency and broad applicability. Within the spectrum of applications, the textile sector remains the dominant field, driven by the need for sustainable, high-quality fibers. Meanwhile, innovations in the recycling process are paving the way for a gradual increase in the use of recycled polyester in food-grade applications, further diversifying its market potential. This multifaceted value chain, which spans from waste collection and reprocessing to end-product manufacturing, underscores the significant role that recycled PET plays in modern manufacturing and sustainable development.

Regionally, the landscape of the recycled PET market is characterized by robust growth and evolving competitive dynamics, particularly within the Asia-Pacific region. Key markets in this region benefit from large-scale production capabilities, well-established recycling infrastructures, and a strong commitment to environmental sustainability. Within this context, one country stands out as a major production hub, further reinforcing its influence on global market trends. Additionally, fast-developing regions within Asia are poised to accelerate market growth due to rising consumer demand and increased investments in recycling technologies. The market is also marked by a fragmented supplier base, where a mix of core multinational manufacturers and numerous small to medium-sized enterprises coexist. This fragmentation stems from the relatively low entry barriers in the recycling industry, coupled with varying levels of technological expertise among suppliers. As industry players continue to innovate and streamline their operations, competitive pressures are driving improvements in product quality and process efficiency. Looking ahead, a confluence of regulatory support, technological advancements, and growing environmental consciousness is expected to sustain the upward trajectory of the recycled PET market, positioning it as a key contributor to both economic development and environmental stewardship.

LP Information, Inc. (LPI) ' newest research report, the “Recycled Polyethylene Terephthalate (PET) Industry Forecast” looks at past sales and reviews total world Recycled Polyethylene Terephthalate (PET) sales in 2024, providing a comprehensive analysis by region and market sector of projected Recycled Polyethylene Terephthalate (PET) sales for 2025 through 2031. With Recycled Polyethylene Terephthalate (PET) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Recycled Polyethylene Terephthalate (PET) industry.

This Insight Report provides a comprehensive analysis of the global Recycled Polyethylene Terephthalate (PET) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Recycled Polyethylene Terephthalate (PET) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Recycled Polyethylene Terephthalate (PET) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Recycled Polyethylene Terephthalate (PET) and breaks down the forecast by Color, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Recycled Polyethylene Terephthalate (PET).

This report presents a comprehensive overview, market shares, and growth opportunities of Recycled Polyethylene Terephthalate (PET) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Color:
Material Recycling
Chemical Recycling

Segmentation by Application:
Textile
Bottles
Sheet
Film
Molded Part
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Indorama Ventures
Far Eastern New Century
ALPLA Recycling
Alpek
Greentech
Veolia
Plastipak Holdings
Samyang Packaging
Valgroup
Jiangsu Eastern Shenghong
Jiangsu Oceantex Fiber
Suzhou Jiulong Recy & Tech
Elite Color
Haili Environmental Technology
Xingke Chemical Fiber
Zhejiang Jiaren New Materials
Guangdong Qiusheng Resources
Jiangsu Zhongyuan Runsheng
Baichuan Resource Regeneration Technology
Guangxi Guolong Renewable Resources

Key Questions Addressed in this Report

What is the 10-year outlook for the global Recycled Polyethylene Terephthalate (PET) market?

What factors are driving Recycled Polyethylene Terephthalate (PET) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Recycled Polyethylene Terephthalate (PET) market opportunities vary by end market size?

How does Recycled Polyethylene Terephthalate (PET) break out by Color, by Application?

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