Recycled PET Market Size, Share, and Growth Analysis

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Recycled PET Market By Type (RPET Flakes, RPET Chips), By Grade (Grade A, Grade B), By Source (Bottles & Containers, Films & Sheets), By Color (Clear, Colored), By Application, By Region - Industry Forecast 2025-2032


Report ID: SQMIG30D2038 | Region: Global | Published Date: March, 2025
Pages: 199 |Tables: 111 |Figures: 71

Format - word format excel data power point presentation

Recycled PET Market Insights

Recycled PET Market size was valued at USD 10.8 billion in 2023 and is poised to grow from USD 11.72 billion in 2024 to USD 22.51 billion by 2032, growing at a CAGR of 8.5% during the forecast period (2025-2032).

The growth of the market can be attributed to rising sustainability measures undertaken by food & beverage and packaging companies. Growing efforts for a circular economy by end-users and increasing adoption of recycled plastics in the packaging, textiles, and other end-use industries are also anticipated to drive the demand for recycled polyethylene terephthalate (PET) during the forecast period. Furthermore, recycled polyethylene terephthalate (rPET) is used for developing both colored and clear (white/non-colored) products.

However, clear rPET products are the most sought after by both recyclers and end-use industries owing to their lower costs than colored rPET products. Colored rPET is preferred by packaging product and bottle manufacturers as it gives them brand identity and ensures the development of products with improved aesthetics. According to the U.S. Environmental Protection Agency, single-use plastics constitute 50% of the total plastic demand in the country. The plastic recycling rate in the U.S. is low as the plastic waste generated is exported to other countries for recycling. After the recent ban on plastic waste imports in China, the U.S. is exporting its plastic waste to Southeast Asian countries.

Companies, such as Adidas America Inc., Allbirds, Inc., Everlane, Patagonia, Inc., and Nike, Inc., are some of the potential customers of rPET in the country. In addition, the rising demand for electric vehicles (EVs) in the country is likely to increase the need for lightweight and durable plastic components to enhance vehicle efficiency. This, in turn, is projected to propel the product demand over the forecast period. The U.S. has a robust automobile manufacturing sector, which paves the way for increased demand for rPET bumpers, mattresses, and other auto components from OEMs. In addition, rPET is heavily used in the production of sofa covers, mattresses, and textiles in the U.S.

High cost of plastics recycling is a major challenge affecting unit economics of companies operating the recycled PET market. Recycling of polyethylene terephthalate involves post-consumer waste collection, sorting & cleaning, processing (chemical or mechanical). Each of these stages are heavily cost and technology intensive. In addition, compliance costs in the form of quality standards and food-grade packaging regulations add to the already high cost of producing recycled PET.

Investments in waste collection processes, adoption of waste management & recycling technologies, and improvements in recycling infrastructure shall provide relief to companies, as advancements in these areas will provide an impetus for stakeholders to achieve scalability levels where the cost factor of rPET is competitive to virgin PET.

Market Key Attributes

In April 2024, LyondellBasell partnered with Genox Recycling to establish a state-of-the-art recycling facility in China, employing mechanical recycling technology to process plastic waste. This facility supports China’s sustainability goals and contributes to LyondellBasell's CirculenRecover product range, strengthening regional circular polymer production. This collaboration aligns with China’s sustainability goals by promoting waste reduction, resource efficiency, and circular economy initiatives. The facility is designed to handle a high volume of plastic waste, converting it into high-quality recycled resins for applications in packaging, automotive, and consumer goods. It will contribute to LyondellBasell’s CirculenRecover product range, which focuses on recycled polymers with lower carbon footprints. Additionally, this partnership strengthens regional circular polymer production, supports China’s plastic waste management policies, and enhances supply chain resilience by providing sustainable material solutions to industries seeking to reduce their reliance on virgin plastics.

In April 2023, Biffa announced the acquisition of Esterpet Ltd, a North Yorkshire-based PET recycling firm, to strengthen its PET recycling division. Furthermore, on March 16, 2023, the company signed a purchase agreement to commence mass production of recycled PET materials in Asia Pacific with Shuye Electronics Co. Ltd., a China-based company. Research activities focused on new materials, which combine several properties, are projected to gain wide acceptance in this industry in the coming years. This acquisition reinforces Biffa’s commitment to circular economy initiatives, enabling the company to expand its recycling capabilities and increase the supply of high-quality recycled PET (rPET) materials for use in packaging, beverage bottles, and other applications. The move aligns with the UK’s sustainability targets and strengthens Biffa’s role in closed-loop plastic recycling solutions.

In October 2023, SLMG Beverages launched 100% recycled PET bottles for Coca-Cola. It helps to reflect company's dedication towards environmental stewardship but also signifies a pivotal moment in the beverage industry's landscape in India. The company successfully supplies 90% coca Coca-Cola bottles in Uttar Pradesh and 100% in Uttarakhand and it has a presence in also Bihar and Madhya Pradesh. The company has 7 plants in Uttar Pradesh with a production capacity of 41 crore bottles a day.

Market snapshot - 2025-2032

Global Market Size

USD 10.8 billion

Largest Segment

Clear rPET

Fastest Growth

Colored

Growth Rate

8.5% CAGR

Global Recycled PET Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Recycled PET Market Segments Analysis

Global Recycled PET Market is segmented by Type, Grade, Source, Color, Application and region. Based on Type, the market is segmented into RPET Flakes and RPET Chips. Based on Grade, the market is segmented into Grade A and Grade B. Based on Source, the market is segmented into Bottles & Containers, Films & Sheets and Others. Based on Color, the market is segmented into Clear and Colored. Based on Application, the market is segmented into Bottles, Fiber, Sheets, Strapping and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Analysis by Product

As per global recycled PET market outlook, the clear rPET segment dominated the market with a revenue share of over 77% in 2024 due to its durability, non-reactive nature, lightweight and shatterproof properties. Moreover, low energy requirements and ease of bottle-to-bottle recycling are expected to drive the growth. Clear rPET resists the growth of mold, fungi and bacteria. It is commonly used in the packaging of food, beverage bottling, cosmetics, pharmaceuticals, and electronics. Asia Pacific accounted for a high market share due to significant investments in recycling facilities in China over the past ten years. The high production capacity of rPET flakes in China, coupled with the lower cost of production, have been significant factors driving the market growth in the region.

As per global recycled PET market analysis, the colored segment is the fastest growing in the market and will register a CAGR of approximately 9.5% from 2025 to 2032. Major end-use areas of colored rPET are automotive trays, in-process protective packaging, electronics & electrical packaging, containers, transit trays, healthcare packaging and other plastic trays. Colored rPET is used in the production of fabrics & clothing and various packaging end-uses. Colored rPET has been gaining prominence among various food and non-food beverage manufacturers due to its ability to add a striking visual. In addition, colored packaging helps in brand differentiation and imparts a unique look. Recent trends in the market have shown that milk and personal care packaging manufacturers are shifting from HDPE to colored rPET to cut down on costs and move toward sustainability.

Analysis by End Use

As per global recycled PET market forecast, the fiber segment dominated the market in 2024. Various types of clothing, such as t-shirts and jackets, use fiber produced from rPET. It is also used in the manufacturing of automobile seat covers, sofa & chair seat covers and carpets. The low production cost of clothing along with favorable government regulations are expected to drive the demand for rPET. Growing investments in the sports activities globally are augmenting the growth of the sports clothing & accessories, which, in turn, are expected to drive the demand for recycled PET fibers. Jerseys for sports teams are the most common type of products manufactured using rPET fiber. The demand for jerseys has witnessed a strong growth in Asia Pacific over the past 10 years owing to increased sports activities in the region, especially in China and India.

The containers & bottles segment is the fastest growing segment and will register a CAGR of nearly 9% from 2025 to 2032. Rising usage of food containers in emerging economies of Asia Pacific, Middle East, and Central & South America is expected to drive the product demand in sheet & film end-uses. These containers offer thermal insulation and aesthetic appeal to stored products. Microwave-safe containers are paving the way for the growth of the sheet & film segment. Customers in the developed countries prefer microwave-compatible food containers to save preparation time. These containers are commonly used in offices as they are heat-resistant, which saves time. The demand for sheets and films in roof flooring is increasing as they help limit leakage and save buildings from extremely high and low temperatures.

Global Recycled PET Market By Product (%)

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Recycled PET Market Regional Insights

Asia Pacific dominated the market and accounted for a revenue share of over 45% in 2024. The regional market is characterized by the presence of several players. The market in the Asia Pacific region is characterized by the availability of a significant amount of skilled labor at low cost and the easy availability of land. The shift in the production landscape toward emerging economies, particularly China and India, is expected to positively influence the market growth over the forecast period. The region is home to several rapidly expanding industries, such as construction, automotive, and electronics, that present vast potential for rPET manufacturers.

The market in China is well-established; however, the import ban on plastic waste is expected to hamper its growth. According to data published by the Ministry of Environment, Forest and Climate Change, the government notifies the Plastic Waste Management Amendment Rules, 2021, prohibiting identified single-use plastic items by 2022. This regulation acts as one of the supporting factors for the growth of the recycled PET market during the forecast period.

The North America region in the market is driven by stringent regulations, strong corporate sustainability commitments, and rising consumer awareness of plastic waste. The United States is the dominant player, with major recycling facilities and investments in advanced recycling technologies such as chemical depolymerization. Companies like Indorama Ventures and CarbonLite Recycling are expanding operations to meet the growing demand for food-grade rPET.

In Europe region the recycled PET market is characterized by high collection rates of beverage bottles and initiatives by regional bottlers to substitute virgin PET materials with recycled PET. The region accounted for nearly a quarter of global rPET demand in 2024, with its growth driven by EU regulations regarding plastic waste disposal and collection as well as policy schemes in terms of recycling targets in the form of EU Green Deal. With some of the member states such as Germany, Austria, Denmark and the Netherlands banning plastic landfilling, recycling of PET is expected to gain momentum and subsequently translate into greater substitution rates of virgin PET resins.

The Middle East and Africa region is in the early stages of market development but is witnessing gradual growth due to government-led sustainability initiatives and foreign investments. The United Arab Emirates (UAE) is leading the charge with its focus on a circular economy, investing in large-scale PET recycling plants and working towards plastic neutrality by 2050. Saudi Arabia is also ramping up efforts with Vision 2030, encouraging recycling and sustainable packaging initiatives.

Latin America region in the market is gaining traction, largely due to corporate sustainability goals, increasing recycling rates, and government regulations. Brazil, the largest country in the market, has an advanced PET bottle collection system, with companies like Alpek S.A.B. de C.V. investing in new recycling facilities. Argentina is also expanding its industry, supported by regulatory incentives and growing demand from beverage companies.

Global Recycled PET Market By Geography
  • Largest
  • Fastest

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Recycled PET Market Dynamics

Recycled PET Market Drivers

Improving Demand for RPET from the Food & Beverage Industry

  • One of the significant drivers for the global recycled PET market is the increasing demand from the food and beverage industry. This industry relies heavily on packaging materials such as PET bottles, for various products such as beverages, food items, sauces, condiments, and more. The food and beverage industry are witnessing a shift in consumer preferences towards sustainable and environmentally friendly packaging. Consumers are becoming more conscious of the environmental impact of plastic waste and are actively seeking packaging solutions that use recycled materials like rPET.

Growing Consumer Awareness

  • Consumer concern over plastic pollution and stringent European regulations have accelerated recycled material adoption. In 2022, countries with advanced recycling frameworks achieved up to 100% recycled content in bottled water and beverage packaging portfolios. This was particularly evident in Europe, where recycled polyethylene terephthalate (rPET) accounted for over 30% of PET consumption in several regional markets. Lacking mandates for recycled food-grade materials face slow adoption, leading to a surge in export demand for bottle-grade rPET. For instance, Markets in Europe reported a 15% increase in imports of recycled materials to meet legislative and consumer demands for sustainable products.

Recycled PET Market Restraints

Absence of Required Framework for Plastic Waste Collection and Segregation

  • One of the significant restraints to the global recycled PET market is the absence of the required framework for plastic collection and segregation. The efficient collection and segregation of plastic waste are essential for the recycling process to obtain high-quality rPET. Many regions and countries lack well-established infrastructure and systems for the effective collection and segregation of plastic waste. This absence of a robust framework poses challenges in obtaining a consistent and reliable supply of post-consumer PET bottles, which are the primary source for rPET production.

High Costs of Recycled Plastics

  • The high cost of recycled plastics, including recycled PET (rPET), poses a challenge to the market. The production of rPET involves various processes, such as collection, sorting, cleaning, and processing, which incur costs. Additionally, the quality requirements and regulations for food-grade packaging further increase the production expenses. Compared to virgin plastics, the cost of recycled plastics can be higher due to factors such as limited availability of high-quality feedstock, additional processing steps required to remove impurities, and investments in recycling infrastructure. This cost disparity can deter some businesses from adopting rPET and choosing virgin plastics instead.

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Recycled PET Market Competitive Landscape

The global recycled PET industry is highly competitive, with key players focusing on capacity expansion, strategic partnerships, and technological advancements to meet the growing demand for sustainable packaging and textiles. Major companies like Indorama Ventures, Alpek S.A.B. de C.V., Loop Industries, and Plastipak Holdings are investing heavily in advanced recycling technologies such as chemical recycling and depolymerization to improve rPET quality and expand production capabilities.

Top Player’s Company Profiles

  • Indorama Ventures Public Company Limited (Thailand)
  • Plastipak Holdings, Inc. (United States) 
  • Alpek S.A.B. de C.V. (Mexico) 
  • Clear Path Recycling (United States) 
  • Evergreen Plastics (United States) 
  • Phoenix Technologies International LLC (United States) 
  • Loop Industries, Inc. (Canada) 
  • Placon Corporation (United States) 
  • UltrePET, LLC (United States) 
  • ALPLA (Austria) 
  • PETCO (South Africa) 
  • Verdeco Recycling, Inc. (United States) 
  • Seiu Japan (Japan) 
  • Far Eastern New Century Corporation (Taiwan) 
  • PolyQuest, Inc. (United States) 
  • CarbonLite Industries, LLC (United States) 
  • M&G Chemicals (Luxembourg)

Recent Developments

  • In October 2023, Axens, IFPEN and JEPLAN announced the commissioning and start of their innovative recycling unit, Rewind PET. The unit is a modified and expanded facility of JEPLAN’s Kitakyushu Hibikinada Pilot demonstration plant in Japan. The commissioning and construction of the 1,000 tons per year facility was supported by French Environment and Energy Management Agency (ADEME).
  • In September 2023, Indorama Ventures has announced an increase in PET recycling capacity at its facility located in Juiz de Fora, Minas Gerais, Brazil, from 9,000 tons to 25,000 tons per year.
  • In March 2023, SK Chemicals signed a USD 98.4 million agreement to acquire a chemical recycling and PET production facility from Shuye Environmental Technology. The facility enables SK Chemicals to produce chemically recycled PET at a capacity of 50,000 tons per year. The facility uses depolymerization technology to chemically break down post-consumer plastic waste to monomers and produce recycled bis-hydroxyethyl terephthalate (rBHET), a precursor to rPET.

Recycled PET Key Market Trends

Recycled PET Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to SkyQuest analysis, the global recycled PET industry is primarily driven by rising global demand for sustainable and environmentally friendly packaging solutions. Consumers are becoming more conscious of the environmental impact of plastic waste and are actively seeking alternatives that are recyclable and made from recycled materials. This heightened consumer awareness and preference for sustainable packaging options have propelled the growth of the market. Secondly, government regulations and initiatives promoting recycling and circular economy practices have played a crucial role in driving the global market. Many countries have implemented policies that encourage the use of recycled materials in packaging and set targets for the minimum content of recycled materials in products. These regulations create a favorable environment for businesses to adopt rPET and incorporate it into their packaging and manufacturing processes.

Report Metric Details
Market size value in 2023 USD 10.8 billion
Market size value in 2032 USD 22.51 billion
Growth Rate 8.5%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • RPET Flakes
    • RPET Chips
  • Grade
    • Grade A
    • Grade B
  • Source
    • Bottles & Containers
    • Films & Sheets
    • Others
  • Color
    • Clear
    • Colored
  • Application
    • Bottles
    • Fiber
    • Sheets
    • Strapping
    • Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Indorama Ventures Public Company Limited (Thailand)
  • Plastipak Holdings, Inc. (United States) 
  • Alpek S.A.B. de C.V. (Mexico) 
  • Clear Path Recycling (United States) 
  • Evergreen Plastics (United States) 
  • Phoenix Technologies International LLC (United States) 
  • Loop Industries, Inc. (Canada) 
  • Placon Corporation (United States) 
  • UltrePET, LLC (United States) 
  • ALPLA (Austria) 
  • PETCO (South Africa) 
  • Verdeco Recycling, Inc. (United States) 
  • Seiu Japan (Japan) 
  • Far Eastern New Century Corporation (Taiwan) 
  • PolyQuest, Inc. (United States) 
  • CarbonLite Industries, LLC (United States) 
  • M&G Chemicals (Luxembourg)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Recycled PET Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Recycled PET Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Recycled PET Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Recycled PET Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Recycled PET Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Recycled PET Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

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FAQs

Global Recycled PET Market size was valued at USD 10.8 Billion in 2023 and is poised to grow from USD 11.72 Billion in 2024 to USD 22.51 Billion by 2032, growing at a CAGR of 8.5% in the forecast period (2025-2032).

The global recycled PET industry is highly competitive, with key players focusing on capacity expansion, strategic partnerships, and technological advancements to meet the growing demand for sustainable packaging and textiles. Major companies like Indorama Ventures, Alpek S.A.B. de C.V., Loop Industries, and Plastipak Holdings are investing heavily in advanced recycling technologies such as chemical recycling and depolymerization to improve rPET quality and expand production capabilities. 'Phoenix Technologies International, LLC', 'Indorama Ventures Public Company Limited', 'UltrePET, LLC', 'ALPLA', 'CarbonLITE Industries LLC', 'JP Recycling Ltd', 'PETCO', 'Extrupet Group (Pty) Ltd', 'Evergreen Plastics, Inc.', 'Verdeco Recycling, Inc.', 'Seiu Japan Co., Ltd.', 'Custom Polymers Inc.', 'Marglen Industries', 'PolyQuest'

One of the significant drivers for the global recycled PET market is the increasing demand from the food and beverage industry. This industry relies heavily on packaging materials such as PET bottles, for various products such as beverages, food items, sauces, condiments, and more. The food and beverage industry are witnessing a shift in consumer preferences towards sustainable and environmentally friendly packaging. Consumers are becoming more conscious of the environmental impact of plastic waste and are actively seeking packaging solutions that use recycled materials like rPET.

Encouraging Demand for Environmental Packaging Solutions: The global recycled PET market presents significant opportunities, one of which is the increasing demand for sustainable packaging solutions. As consumers become more environmentally conscious, there is a growing preference for products that are packaged in eco-friendly materials like rPET. The demand for sustainable packaging extends across various industries, including food and beverages, personal care, household products, and more. Brands and manufacturers are recognizing the importance of aligning their packaging choices with consumer preferences and sustainability goals.

Asia Pacific dominated the market and accounted for a revenue share of over 45% in 2024. The regional market is characterized by the presence of several players. The market in the Asia Pacific region is characterized by the availability of a significant amount of skilled labor at low cost and the easy availability of land. The shift in the production landscape toward emerging economies, particularly China and India, is expected to positively influence the market growth over the forecast period. The region is home to several rapidly expanding industries, such as construction, automotive, and electronics, that present vast potential for rPET manufacturers.

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