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The global Recycled PET market is estimated to be USD 8.9 billion in 2021 and is projected to reach USD 11.7 billion by 2026, at a CAGR of 5.7% from 2021 to 2026

·3-min read

The growth is due to the growing demand from bottles, sheets, fiber and other applications throughout the world. An increasing trend in terms of collection, domestic recycling, recovery of PET, export of PET waste, and implementation of legislative regulations has been witnessed in the market for RPET.

New York, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Recycled PET Market by Type, Grade, Source, Application And Region - Global Forecast to 2026" - https://www.reportlinker.com/p06184542/?utm_source=GNW
These activities have contributed significantly to the growth in demand for RPET in various applications such as food & beverage bottles, textile fiber, and strapping.

Flakes is expected to be the fastest-growing type in the recycled PET market during the forecast period.
Flakes is the fastest-growing type segment in the recycled PET market.Growth is attributed to the rising demand in various end-use applications such as food-grade bottles & containers, sheets, and fiber.

The above-mentioned factors are expected to drive demand during the forecast period. It accounted for a share of about 57.5% of the recycled PET market, in terms of value, in 2020.

Bottles is expected to be the largest and fastest-growing application in the recycled PET market during the forecast period.
Bottle is the largest and fastest-growing fastest-growing application segment in the recycled PET market.Increasing demand for RPET bottles in food & beverage packaging is driving the market.

Growth of this segment is attributed to the rising demand for bottle to bottle recycling across the world. It accounted for a share of about 36.5% of the recycled PET market, in terms of value, in 2020.

APAC is the largest market for recycled PET
APAC is the largest and market of recycled PET, with China being the major emerging market.APAC accounted The growth is due to the growing demand from bottles, sheets, fiber and other applications throughout the world.

An increasing trend in terms of collection, domestic recycling, recovery of PET, export of PET waste, and implementation of legislative regulations has been witnessed in the market for RPET.These activities have contributed significantly to the growth in demand for RPET in various applications such as food & beverage bottles, textile fiber, and strapping.

It accounted for a share of about 43.6% of the recycled PET market, in terms of value, in 2020.
This study has been validated through primaries conducted with various industry experts worldwide. These primary sources have been divided into 3 categories, namely by company, by designation, and by region.
• By Company Type- Tier 1- 55%, Tier 2- 30%, and Tier 3- 15%
• By Designation- C Level- 21%, Directors – 23%, and Others - 56%
• By Region- North America- 45%, Europe- 27%, Asia Pacific- 15%, Middle East – 6%, and South America - 7%

The recycled PET market comprises major solution providers, such as Indorama Ventures Public Limited (Thailand), Biffa (UK), Far Eastern New Century Corporation (Taiwan), Plastipak Holdings Inc (US), Alpek (Mexico), among others. The study includes an in-depth competitive analysis of these key players in the recycled PET market, with their company profiles, and key market strategies.

Research Coverage:
The report covers the recycled PET market based on type, grade, source application, and region.This study aims at estimating the size and future growth potential of the market across various segmentation types.

It also includes an in-depth competitive analysis of the key market players, along with their profiles and key growth strategies.

Key Benefits of Buying the Report:
• Comprehensive coverage and analysis of the recycled PET market in Asia Pacific, Europe, North America, South America and Middle East & Africa
• Competitive landscape of major players and their developments in recycled PET market
• Identifying high-potential opportunities for recycled PET
• Identifying and targeting high-growth application segments
Read the full report: https://www.reportlinker.com/p06184542/?utm_source=GNW

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