Recycled PET Market Forecasts to 2032 – Global Analysis By Type (Flakes and Chips), Grade, Source, Color, Packaging Type, Recycling Process, Application, End User and By Geography
Description
According to Stratistics MRC, the Global Recycled PET Market is accounted for $10.4 billion in 2025 and is expected to reach $17.6 billion by 2032 growing at a CAGR of 7.7% during the forecast period. Recycled PET (polyethylene terephthalate) is a type of plastic material obtained from processing and reusing post-consumer or post-industrial PET products like bottles and containers. The recycled PET material is cleaned, melted, and reformed into flakes, fibers, or pellets to manufacture new products. Recycling PET reduces waste, conserves resources, and lowers environmental impact compared to virgin PET production.
According to a report published by Press Information Bureau of India in December 2022, the Indian government has implemented Technology Upgradation Fund Scheme (TUFS) to promote the establishment of plastic recycling plants in the country.
Market Dynamics:
Driver:
Growing environmental concerns favoring recycling
Escalating environmental concerns and global regulatory mandates are driving the adoption of recycled PET (rPET) across various industries. Increased public awareness around plastic pollution and carbon emissions has intensified the push toward circular economies. Government initiatives promoting plastic recovery and brand-led sustainability pledges have further bolstered demand for rPET. Moreover, multinational corporations are adopting closed-loop recycling models, encouraging consistent feedstock recovery and recycled content use in packaging, apparel, and industrial applications, ultimately accelerating rPET market growth.
Restraint:
Fluctuating quality of recycled material
The inconsistent quality of recycled PET remains a major market restraint, affecting downstream product performance and limiting high-end application viability. Variability arises from contamination, improper sorting, and mixed-color feedstock, complicating processing and reducing fiber uniformity. These quality concerns deter adoption by industries requiring stringent material standards, such as food-grade packaging and technical textiles. Moreover, differences in regional recycling practices and lack of harmonized quality benchmarks create uncertainty for manufacturers relying on consistent rPET input.
Opportunity:
Increasing demand in packaging and textile sectors
Recycled PET is gaining substantial momentum across packaging and textile sectors, presenting a compelling growth opportunity. In packaging, particularly food and beverage containers, rPET offers a sustainable alternative aligned with regulatory compliance and corporate ESG targets. Simultaneously, the textile industry is integrating rPET into fashion, home furnishings, and performance wear to meet rising eco-conscious consumer demand. Innovations in processing technology have improved material aesthetics and functionality, paving the way for broader rPET utilization across value-added segments.
Threat:
Competition from virgin PET producers
The rPET market faces strong competition from virgin PET manufacturers, particularly during periods of low oil prices that drive down virgin resin costs. This price disparity challenges the cost-effectiveness of recycled PET, especially for price-sensitive end users. Virgin PET also offers superior and consistent quality, making it preferable in high-spec applications. Additionally, established supply chains and economies of scale in virgin production pose strategic hurdles for recyclers aiming to scale up and compete on volume and pricing.
Covid-19 Impact
The pandemic disrupted PET recycling operations worldwide due to lockdowns, labor shortages, and reduced waste collection efficiency. Demand for rPET declined temporarily in sectors like apparel and hospitality, although demand for plastic packaging surged due to hygiene concerns. However, COVID-19 also reignited sustainability discourse, prompting brands to re-evaluate supply chains and accelerate post-pandemic green recovery strategies. Long-term, the crisis served as a wake-up call, leading to renewed investments in localized recycling infrastructure and circular packaging models.
The flakes segment is expected to be the largest during the forecast period
The flakes segment is expected to account for the largest market share during the forecast period, owing to its wide applicability, ease of processing, and availability. Recycled PET flakes serve as the primary input for fiber production, food-grade containers, strapping, and non-woven fabrics. Their cost-efficiency and compatibility with existing manufacturing lines make them the preferred intermediate across industries. Strong demand from packaging and textiles, coupled with increasing investments in flake-cleaning technologies, will further support this segment’s dominance.
The post-consumer resin segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the post-consumer resin segment is predicted to witness the highest growth rate impelled by, by surging demand for consumer-brand recycled packaging and apparel. PCR offers a sustainable solution for closed-loop recycling and aligns with mandates for recycled content in products. Brands are increasingly sourcing PCR to meet environmental targets and improve transparency. Innovations in advanced sorting, washing, and decontamination processes are enhancing PCR quality, enabling its use in high-purity applications and boosting segment growth.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share, driven by the region’s expansive PET production base, cost-effective labor, and rapidly growing textile and packaging industries. Countries like China, India, and Indonesia are making strategic investments in PET recycling plants and circular economy frameworks. Government initiatives encouraging sustainable material use and increasing rPET exports also contribute to the region’s dominance. The abundant availability of post-consumer PET waste further strengthens supply chain capabilities.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR attributed to aggressive sustainability policies, growing corporate responsibility, and rising consumer preference for eco-friendly products. Legislative mandates promoting recycled content and extended producer responsibility are driving investments in PET recycling infrastructure. Collaborations between recyclers and brand owners are enhancing supply chain efficiency. Additionally, technological advancements in mechanical and chemical recycling are enabling higher-quality rPET production, supporting the region’s rapid and resilient market expansion.
Key players in the market
Some of the key players in Recycled PET Market include Indorama Ventures Public Company Limited, Clear Path Recycling, LLC, Placon, Plastipak Holdings, Inc., Evergreen Plastics, Loop Industries, Inc., CarbonLite Industries, LLC, Phoenix Technologies International LLC, Alpek SAB de CV, M&G Chemicals, Amcor Ltd, Biffa plc, PolyQuest, Far Eastern New Century Corporation, Verdeco Recycling Inc., Zhejiang Anshun Pettechs Fibre Co. Ltd., MBA Polymers, KW Plastics, SUEZ Recycling & Recovery, and Veolia.
Key Developments:
In March 2024, Hach introduced the new BioTector B7000 Online ATP Monitoring System for real-time detection of microbial contamination in water treatment processes. It provides rapid results in 5-10 minutes.
In March 2024, Thermo Fisher launched the new DionexInuvion Ion Chromatography system designed for simplified and versatile ion analysis for environmental, industrial and municipal water testing labs.
In February 2024, Thermo Fisher announced the launch of its 'Make in India' Class 1 analyser-based Continuous Ambient Air Quality Monitoring System (CAAQMS) to support India's environmental monitoring efforts.
Types Covered:
• Flakes
• Chips
Grades Covered:
• Post-Consumer Resin
• Post-Commercial Resin
• Post-Industrial Resin
Sources Covered:
• Containers
• Clamshells
Colors Covered:
• Clear
• Colored
Packaging Types Covered:
• Bottles & Jars
• Trays
• Pouches & Sachets
• Films
• Containers & Tubs
Recycling Processes Covered:
• Mechanical Recycling
• Chemical Recycling
Applications Covered:
• Food Bottles
• Non-Food Bottles
• Sheets
• Strapping
• Other Applications
End Users Covered:
• Beverage
• Healthcare
• Personal Care
• Retail & E-Commerce
• Industrial Packaging
• Other End Users
Regions Covered:
• North America US Canada Mexico
• Europe Germany UK Italy France Spain Rest of Europe
• Asia Pacific Japan China India Australia New Zealand South KoreaRest of Asia Pacific
• South America Argentina Brazil Chile Rest of South America
• Middle East & Africa Saudi Arabia UAE Qatar South Africa Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
According to a report published by Press Information Bureau of India in December 2022, the Indian government has implemented Technology Upgradation Fund Scheme (TUFS) to promote the establishment of plastic recycling plants in the country.
Market Dynamics:
Driver:
Growing environmental concerns favoring recycling
Escalating environmental concerns and global regulatory mandates are driving the adoption of recycled PET (rPET) across various industries. Increased public awareness around plastic pollution and carbon emissions has intensified the push toward circular economies. Government initiatives promoting plastic recovery and brand-led sustainability pledges have further bolstered demand for rPET. Moreover, multinational corporations are adopting closed-loop recycling models, encouraging consistent feedstock recovery and recycled content use in packaging, apparel, and industrial applications, ultimately accelerating rPET market growth.
Restraint:
Fluctuating quality of recycled material
The inconsistent quality of recycled PET remains a major market restraint, affecting downstream product performance and limiting high-end application viability. Variability arises from contamination, improper sorting, and mixed-color feedstock, complicating processing and reducing fiber uniformity. These quality concerns deter adoption by industries requiring stringent material standards, such as food-grade packaging and technical textiles. Moreover, differences in regional recycling practices and lack of harmonized quality benchmarks create uncertainty for manufacturers relying on consistent rPET input.
Opportunity:
Increasing demand in packaging and textile sectors
Recycled PET is gaining substantial momentum across packaging and textile sectors, presenting a compelling growth opportunity. In packaging, particularly food and beverage containers, rPET offers a sustainable alternative aligned with regulatory compliance and corporate ESG targets. Simultaneously, the textile industry is integrating rPET into fashion, home furnishings, and performance wear to meet rising eco-conscious consumer demand. Innovations in processing technology have improved material aesthetics and functionality, paving the way for broader rPET utilization across value-added segments.
Threat:
Competition from virgin PET producers
The rPET market faces strong competition from virgin PET manufacturers, particularly during periods of low oil prices that drive down virgin resin costs. This price disparity challenges the cost-effectiveness of recycled PET, especially for price-sensitive end users. Virgin PET also offers superior and consistent quality, making it preferable in high-spec applications. Additionally, established supply chains and economies of scale in virgin production pose strategic hurdles for recyclers aiming to scale up and compete on volume and pricing.
Covid-19 Impact
The pandemic disrupted PET recycling operations worldwide due to lockdowns, labor shortages, and reduced waste collection efficiency. Demand for rPET declined temporarily in sectors like apparel and hospitality, although demand for plastic packaging surged due to hygiene concerns. However, COVID-19 also reignited sustainability discourse, prompting brands to re-evaluate supply chains and accelerate post-pandemic green recovery strategies. Long-term, the crisis served as a wake-up call, leading to renewed investments in localized recycling infrastructure and circular packaging models.
The flakes segment is expected to be the largest during the forecast period
The flakes segment is expected to account for the largest market share during the forecast period, owing to its wide applicability, ease of processing, and availability. Recycled PET flakes serve as the primary input for fiber production, food-grade containers, strapping, and non-woven fabrics. Their cost-efficiency and compatibility with existing manufacturing lines make them the preferred intermediate across industries. Strong demand from packaging and textiles, coupled with increasing investments in flake-cleaning technologies, will further support this segment’s dominance.
The post-consumer resin segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the post-consumer resin segment is predicted to witness the highest growth rate impelled by, by surging demand for consumer-brand recycled packaging and apparel. PCR offers a sustainable solution for closed-loop recycling and aligns with mandates for recycled content in products. Brands are increasingly sourcing PCR to meet environmental targets and improve transparency. Innovations in advanced sorting, washing, and decontamination processes are enhancing PCR quality, enabling its use in high-purity applications and boosting segment growth.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share, driven by the region’s expansive PET production base, cost-effective labor, and rapidly growing textile and packaging industries. Countries like China, India, and Indonesia are making strategic investments in PET recycling plants and circular economy frameworks. Government initiatives encouraging sustainable material use and increasing rPET exports also contribute to the region’s dominance. The abundant availability of post-consumer PET waste further strengthens supply chain capabilities.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR attributed to aggressive sustainability policies, growing corporate responsibility, and rising consumer preference for eco-friendly products. Legislative mandates promoting recycled content and extended producer responsibility are driving investments in PET recycling infrastructure. Collaborations between recyclers and brand owners are enhancing supply chain efficiency. Additionally, technological advancements in mechanical and chemical recycling are enabling higher-quality rPET production, supporting the region’s rapid and resilient market expansion.
Key players in the market
Some of the key players in Recycled PET Market include Indorama Ventures Public Company Limited, Clear Path Recycling, LLC, Placon, Plastipak Holdings, Inc., Evergreen Plastics, Loop Industries, Inc., CarbonLite Industries, LLC, Phoenix Technologies International LLC, Alpek SAB de CV, M&G Chemicals, Amcor Ltd, Biffa plc, PolyQuest, Far Eastern New Century Corporation, Verdeco Recycling Inc., Zhejiang Anshun Pettechs Fibre Co. Ltd., MBA Polymers, KW Plastics, SUEZ Recycling & Recovery, and Veolia.
Key Developments:
In March 2024, Hach introduced the new BioTector B7000 Online ATP Monitoring System for real-time detection of microbial contamination in water treatment processes. It provides rapid results in 5-10 minutes.
In March 2024, Thermo Fisher launched the new DionexInuvion Ion Chromatography system designed for simplified and versatile ion analysis for environmental, industrial and municipal water testing labs.
In February 2024, Thermo Fisher announced the launch of its 'Make in India' Class 1 analyser-based Continuous Ambient Air Quality Monitoring System (CAAQMS) to support India's environmental monitoring efforts.
Types Covered:
• Flakes
• Chips
Grades Covered:
• Post-Consumer Resin
• Post-Commercial Resin
• Post-Industrial Resin
Sources Covered:
• Containers
• Clamshells
Colors Covered:
• Clear
• Colored
Packaging Types Covered:
• Bottles & Jars
• Trays
• Pouches & Sachets
• Films
• Containers & Tubs
Recycling Processes Covered:
• Mechanical Recycling
• Chemical Recycling
Applications Covered:
• Food Bottles
• Non-Food Bottles
• Sheets
• Strapping
• Other Applications
End Users Covered:
• Beverage
• Healthcare
• Personal Care
• Retail & E-Commerce
• Industrial Packaging
• Other End Users
Regions Covered:
• North America US Canada Mexico
• Europe Germany UK Italy France Spain Rest of Europe
• Asia Pacific Japan China India Australia New Zealand South KoreaRest of Asia Pacific
• South America Argentina Brazil Chile Rest of South America
• Middle East & Africa Saudi Arabia UAE Qatar South Africa Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Table of Contents
200 Pages
- 1 Executive Summary
- 2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
- 3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
- 4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
- 5 Global Recycled PET Market, By Type
- 5.1 Introduction
- 5.2 Flakes
- 5.3 Chips
- 6 Global Recycled PET Market, By Grade
- 6.1 Introduction
- 6.2 Post-Consumer Resin
- 6.3 Post-Commercial Resin
- 6.4 Post-Industrial Resin
- 7 Global Recycled PET Market, By Source
- 7.1 Introduction
- 7.2 Containers
- 7.3 Clamshells
- 8 Global Recycled PET Market, By Color
- 8.1 Introduction
- 8.2 Clear
- 8.3 Colored
- 9 Global Recycled PET Market, By Packaging Type
- 9.1 Introduction
- 9.2 Bottles & Jars
- 9.3 Trays
- 9.4 Pouches & Sachets
- 9.5 Films
- 9.6 Tubs
- 10 Global Recycled PET Market, By Recycling Process
- 10.1 Introduction
- 10.2 Mechanical Recycling
- 10.3 Chemical Recycling
- 11 Global Recycled PET Market, By Application
- 11.1 Introduction
- 11.2 Food Bottles
- 11.3 Non-Food Bottles
- 11.4 Sheets
- 11.5 Strapping
- 11.6 Other Applications
- 12 Global Recycled PET Market, By End User
- 12.1 Introduction
- 12.2 Beverage
- 12.3 Healthcare
- 12.4 Personal Care
- 12.5 Retail & E-Commerce
- 12.6 Industrial Packaging
- 12.7 Other End Users
- 13 Global Recycled PET Market, By Geography
- 13.1 Introduction
- 13.2 North America
- 13.2.1 US
- 13.2.2 Canada
- 13.2.3 Mexico
- 13.3 Europe
- 13.3.1 Germany
- 13.3.2 UK
- 13.3.3 Italy
- 13.3.4 France
- 13.3.5 Spain
- 13.3.6 Rest of Europe
- 13.4 Asia Pacific
- 13.4.1 Japan
- 13.4.2 China
- 13.4.3 India
- 13.4.4 Australia
- 13.4.5 New Zealand
- 13.4.6 South Korea
- 13.4.7 Rest of Asia Pacific
- 13.5 South America
- 13.5.1 Argentina
- 13.5.2 Brazil
- 13.5.3 Chile
- 13.5.4 Rest of South America
- 13.6 Middle East & Africa
- 13.6.1 Saudi Arabia
- 13.6.2 UAE
- 13.6.3 Qatar
- 13.6.4 South Africa
- 13.6.5 Rest of Middle East & Africa
- 14 Key Developments
- 14.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 14.2 Acquisitions & Mergers
- 14.3 New Product Launch
- 14.4 Expansions
- 14.5 Other Key Strategies
- 15 Company Profiling
- 15.1 Indorama Ventures Public Company Limited
- 15.2 Clear Path Recycling, LLC
- 15.3 Placon
- 15.4 Plastipak Holdings, Inc.
- 15.5 Evergreen Plastics
- 15.6 Loop Industries, Inc.
- 15.7 CarbonLite Industries, LLC
- 15.8 Phoenix Technologies International LLC
- 15.9 Alpek SAB de CV
- 15.10 M&G Chemicals
- 15.11 Amcor Ltd
- 15.12 Biffa plc
- 15.13 PolyQuest
- 15.14 Far Eastern New Century Corporation
- 15.15 Verdeco Recycling Inc.
- 15.16 Zhejiang Anshun Pettechs Fibre Co. Ltd.
- 15.17 MBA Polymers
- 15.18 KW Plastics
- 15.19 SUEZ Recycling & Recovery
- 15.20 Veolia
- List of Tables
- Table 1 Global Recycled PET Market Outlook, By Region (2024-2032) ($MN)
- Table 2 Global Recycled PET Market Outlook, By Type (2024-2032) ($MN)
- Table 3 Global Recycled PET Market Outlook, By Flakes (2024-2032) ($MN)
- Table 4 Global Recycled PET Market Outlook, By Chips (2024-2032) ($MN)
- Table 5 Global Recycled PET Market Outlook, By Grade (2024-2032) ($MN)
- Table 6 Global Recycled PET Market Outlook, By Post-Consumer Resin (2024-2032) ($MN)
- Table 7 Global Recycled PET Market Outlook, By Post-Commercial Resin (2024-2032) ($MN)
- Table 8 Global Recycled PET Market Outlook, By Post-Industrial Resin (2024-2032) ($MN)
- Table 9 Global Recycled PET Market Outlook, By Source (2024-2032) ($MN)
- Table 10 Global Recycled PET Market Outlook, By Containers (2024-2032) ($MN)
- Table 11 Global Recycled PET Market Outlook, By Clamshells (2024-2032) ($MN)
- Table 12 Global Recycled PET Market Outlook, By Color (2024-2032) ($MN)
- Table 13 Global Recycled PET Market Outlook, By Clear (2024-2032) ($MN)
- Table 14 Global Recycled PET Market Outlook, By Colored (2024-2032) ($MN)
- Table 15 Global Recycled PET Market Outlook, By Packaging Type (2024-2032) ($MN)
- Table 16 Global Recycled PET Market Outlook, By Bottles & Jars (2024-2032) ($MN)
- Table 17 Global Recycled PET Market Outlook, By Trays (2024-2032) ($MN)
- Table 18 Global Recycled PET Market Outlook, By Pouches & Sachets (2024-2032) ($MN)
- Table 19 Global Recycled PET Market Outlook, By Films 2024-2032) ($MN)
- Table 20 Global Recycled PET Market Outlook, By Tubs (2024-2032) ($MN)
- Table 21 Global Recycled PET Market Outlook, By Recycling Process (2024-2032) ($MN)
- Table 22 Global Recycled PET Market Outlook, By Mechanical Recycling (2024-2032) ($MN)
- Table 23 Global Recycled PET Market Outlook, By Chemical Recycling (2024-2032) ($MN)
- Table 24 Global Recycled PET Market Outlook, By Application (2024-2032) ($MN)
- Table 25 Global Recycled PET Market Outlook, By Food Bottles (2024-2032) ($MN)
- Table 26 Global Recycled PET Market Outlook, By Non-Food Bottles (2024-2032) ($MN)
- Table 27 Global Recycled PET Market Outlook, By Sheets (2024-2032) ($MN)
- Table 28 Global Recycled PET Market Outlook, By Strapping (2024-2032) ($MN)
- Table 29 Global Recycled PET Market Outlook, By Other Applications (2024-2032) ($MN)
- Table 30 Global Recycled PET Market Outlook, By End User (2024-2032) ($MN)
- Table 31 Global Recycled PET Market Outlook, By Beverage (2024-2032) ($MN)
- Table 32 Global Recycled PET Market Outlook, By Healthcare (2024-2032) ($MN)
- Table 33 Global Recycled PET Market Outlook, By Personal Care (2024-2032) ($MN)
- Table 34 Global Recycled PET Market Outlook, By Retail & E-Commerce (2024-2032) ($MN)
- Table 35 Global Recycled PET Market Outlook, By Industrial Packaging (2024-2032) ($MN)
- Table 36 Global Recycled PET Market Outlook, By Other End Users (2024-2032) ($MN)
- Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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