Recycled PET Flakes Market

Recycled PET Flakes Market Size, Share, Growth Analysis, By Product(Clear, Colored), By End-use(Fiber, Sheet & Film), By Regional(North America, Europe) - Industry Forecast 2024-2031


Report ID: UCMIG15A2229 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Recycled PET Flakes Market Insights

Market Overview:

In 2022, the global recycled PET flakes market reached a significant value of USD 9.22 billion. Looking ahead, the market is expected to exhibit steady growth with a projected compound annual growth rate (CAGR) of 10.9% from 2023 to 2030. The increasing demand for sustainable and eco-friendly packaging solutions, coupled with growing environmental concerns, is driving the adoption of recycled PET flakes in various industries. Additionally, stringent government regulations and initiatives promoting recycling practices are further fueling market growth. With these factors in play, the recycled PET flakes market is poised for substantial expansion in the coming years.

Recycled PET Flakes Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Commodity Chemicals by segment aggregation, the contribution of the Commodity Chemicals in Diversified Materials and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Recycled PET Flakes was estimated to be valued at US$ XX Mn in 2021.

The Recycled PET Flakes Market is estimated to grow at a CAGR of XX% by 2028.

The Recycled PET Flakes Market is segmented on the basis of Product, End-use, Regional.

Based on region, the Recycled PET Flakes Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Recycled PET Flakes Market are Clear Path Recycling LLC, Verde co Recycling, Indorama Ventures Public Ltd., PolyQuest, Evergreen Plastics, Inc., Biffa, GSM Plastic Industries, RCS Entsorgung GmbH, TOMRA System ASA, Polyvim LLC, Veolia Umweltservice GmbH, AMAANI POLYFLAKES, Pashupati Polytex Pvt. Ltd., AlEn USA, RAHSAM Co., LANGGENG JAYA GROUP.

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Recycled PET Flakes Market

Product ID: UCMIG15A2229

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