Market Overview, Global Recycled Polyethylene Terephthalate Market was valued USD 7,092.12 Million in 2018 and is expected to exhibit a CAGR of around 8.5% during the forecast period. Recycled polyethylene terephthalate (RPET) is produced using post-consumer PET bottles and containers. RPET is used in fiber for carpets, clothes, upholstery, sweaters, fiber-fill for sleeping bags and cushions, and others; sheets and films; strapping; food-grade bottles and containers for packaged carbonated beverages, water, salad dressing, cooking oil, peanut butter, fruit, and condiments; non-food-grade bottles and containers for detergents and cosmetics; and others. The RPET offers similar performance to virgin PET., The key factors driving the market growth include the increasing use of RPET fiber, growing application in the packaging industry, and government initiatives promoting the use of RPET. The growing use of RPET in road construction and concrete production and its use in water filtration nanofibers is expected to offer opportunities for growth in the years to come., However, challenges in the manufacturing of RPET such as manufacturing process loss of around 20–22% is the key barrier to growth and is likely to continue inhibiting the product market until new efficient manufacturing technology is introduced in the market., Market Dynamics, Government initiatives promoting environmental protection are driving the growth of the recycled polyethylene terephthalate market. These initiatives include funding for waste collection and awareness campaigns, among others. For example, the European Union framed the Packaging and Packaging Waste Directive (PPWD), which presently has a recycling target for plastic packaging of 22.5%. PET recycling is a significant contributor to the achievement of this target in EU member states. Furthermore, the plastic ban in countries in Asia-Pacific such as India, Indonesia, Bangladesh, and Sri Lanka is projected to result in the increased recycling of PET. Also, regulations for plastic waste reduction by government bodies such as the California Department of Resources Recycling and R

Market Overview

Global Recycled Polyethylene Terephthalate Market was valued USD 7,092.12 Million in 2018 and is expected to exhibit a CAGR of around 8.5% during the forecast period. Recycled polyethylene terephthalate (RPET) is produced using post-consumer PET bottles and containers. RPET is used in fiber for carpets, clothes, upholstery, sweaters, fiber-fill for sleeping bags and cushions, and others; sheets and films; strapping; food-grade bottles and containers for packaged carbonated beverages, water, salad dressing, cooking oil, peanut butter, fruit, and condiments; non-food-grade bottles and containers for detergents and cosmetics; and others. The RPET offers similar performance to virgin PET.

The key factors driving the market growth include the increasing use of RPET fiber, growing application in the packaging industry, and government initiatives promoting the use of RPET. The growing use of RPET in road construction and concrete production and its use in water filtration nanofibers is expected to offer opportunities for growth in the years to come.

However, challenges in the manufacturing of RPET such as manufacturing process loss of around 20–22% is the key barrier to growth and is likely to continue inhibiting the product market until new efficient manufacturing technology is introduced in the market.

Market Dynamics

Government initiatives promoting environmental protection are driving the growth of the recycled polyethylene terephthalate market. These initiatives include funding for waste collection and awareness campaigns, among others. For example, the European Union framed the Packaging and Packaging Waste Directive (PPWD), which presently has a recycling target for plastic packaging of 22.5%. PET recycling is a significant contributor to the achievement of this target in EU member states. Furthermore, the plastic ban in countries in Asia-Pacific such as India, Indonesia, Bangladesh, and Sri Lanka is projected to result in the increased recycling of PET. Also, regulations for plastic waste reduction by government bodies such as the California Department of Resources Recycling and Recovery in the US may drive market growth during the assessment period.

Global Recycled Polyethylene Terephthalate Market, by End-Use Industry, 2018

Sources: MRFR Analysis

Segmentation

The global recycled polyethylene terephthalate market has been classified by the type, application, and region.

Based on type, the global market has been segmented into clear and colored. The clear segment accounted for the larger market share in 2018 and is expected to register a higher CAGR of over 8.5% during the forecast period. The growth of this market segment can be attributed to its low processing cost.

Based on application, the global market has been segmented into fibers, sheets and films, strapping, food-grade bottle and containers, non-food-grade bottles and containers, and others. The fibers segment accounted for the largest share of around 70% in 2018. This growth can be attributed to the surge in demand for clothing in countries with large populations, such as India, China, the US, and Indonesia, and the cost-effectiveness of recycled polyester fiber and their preference over conventional fiber. RPET fiber is also used in furniture and automobile seats and mats, among others. Therefore, the dominance of the RPET fiber segment is expected to continue during the forecast period.

Global Recycled Polyethylene Terephthalate Market Share, by Region, 2018 (%)

Sources: MRFR Analysis

Regional Analysis

The global recycled polyethylene terephthalate market has been segmented, based on region, into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Asia-Pacific is a prominent regional market for recycled polyethylene terephthalate, accounting for 55% of the global market in 2018. Countries such as China, India, Japan, and Indonesia are the key contributors to the growth of the regional market. Population growth, rapid industrialization, economic reforms, and government initiatives for waste recycling are the key factors driving the growth of the market. Most importantly, advancements in recycling technological, driven by increasing foreign direct investment (FDI), are expected to drive market growth.

Europe is the second-largest regional market, with Russia, the UK, Germany, Italy, and Belgium accounting for the majority share. Germany is the most promising country-level market, accounting for around 28% in 2018; the German market was valued at USD 370.49 million in 2018. The production and export of textiles in Germany and Italy are the highest, playing a vital role in RPET demand in Europe. The regional market is expected to grow due to initiatives for plastic waste recycling by the EU.

Key Players

Some of the key players operating in the global recycled polyethylene terephthalate market are Placon (US), Clear Path Recycling (US), Verdeco Recycling Inc. (US), Indorama Ventures Public Company Limited (Thailand), Zhejiang Anshun Pettechs Fiber Co., Ltd (China), Polyquest (US), Evergreen Plastics (US), Montello S.p.A. (Italy), Phoenix Technologies (US), M&G Chemicals (Luxembourg), and LIBOLON (Taiwan).

The end-users of recycled PET flakes are introducing products such as t-shirts, water bottles, beverage bottles, and cans, providing an impetus to the recycling industry and helping reduce the global waste problem.



In February 2018, Nestlé Waters North America, Inc. launched a new bottle made from 100% RPET for its Nestlé Pure Life Purified Water brand.



Market Segmentation

Global Recycled Polyethylene Terephthalate Market, by Type



Clear



Colored



Global Recycled polyethylene terephthalate Market, by Application



Fibers



Sheets and Films



Strapping



Food-Grade Bottle and Containers



Non-Food-Grade Bottle and Containers



Others



Global Recycled polyethylene terephthalate Market, By Region



North America



US

Canada











Europe



Germany

UK

France

Spain

Italy

Russia

Rest of Europe











Asia-Pacific



China

India

Japan

South Korea

Rest of Asia-Pacific











Latin America



Brazil

Mexico

Argentina

Rest of Latin America











Middle East & Africa



Turkey

Saudi Arabia

UAE

Rest of Middle East & Africa









Intended Audience



Recycled polyethylene terephthalate manufacturers



Suppliers and traders



Government, associations, and industrial bodies



Investors and trade experts



Consulting in chemical experts



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