Top Recycled PET Companies

Recycled PET Market size was valued at USD 11.72 Billion in 2024 and is poised to grow from USD 12.71 Billion in 2025 to USD 24.42 Billion by 2033, growing at a CAGR of 8.5% during the forecast period (2026–2033).

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. '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)'

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.