Recycled Polyester (rPET) Market was valued at USD 8.6 Billion in 2022 and is projected to reach USD 18.0 Billion by 2030, growing at a CAGR of 9.8% from 2024 to 2030.
Looking ahead, the demand for recycled polyester is poised to continue its growth from 2023 to 2033, with projections suggesting an even larger market size driven by several key factors. According to industry estimates, the global rPET market will expand by more than 10% annually, potentially reaching USD 18 billion by 2033. This demand increase is expected to be fueled by stricter environmental regulations, rising awareness of sustainability, and growing investments in recycling infrastructure. Notably, the fashion industry remains a major contributor to rPET's demand, as sustainable practices in garment production become a crucial selling point for brands. Additionally, rPET is anticipated to play a significant role in the automotive industry, as manufacturers increasingly turn to recycled materials for vehicle components. Consumer electronics, packaging, and other sectors are also expected to see significant adoption, as companies seek cost-effective and environmentally friendly alternatives to virgin polyester.
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The recycled polyester (rPET) market has seen steady growth from 2018 to 2022, driven by increasing consumer demand for sustainable materials in various industries, particularly in fashion, textiles, and packaging. As environmental concerns intensify and recycling technologies continue to improve, the market for rPET has flourished. In 2018, the global rPET market was valued at approximately USD 5 billion, and by 2022, this number surged, driven by the adoption of more eco-friendly solutions. The market expanded significantly in sectors like fashion and automotive, where rPET is increasingly used in garments, car interiors, and even insulation materials. A major push for this increase has been the shift in consumer preferences toward environmentally conscious brands, as well as the growing number of initiatives aimed at reducing plastic waste and encouraging recycling. Furthermore, advancements in recycling technology, including improved mechanical and chemical recycling processes, have enhanced the quality and sustainability of rPET, fostering its use in more premium products.
Toray Industries
Teijin
Indorama Ventures
Alpek S.A.B.
Sinopec
Reliance Industries
Zhejiang Hengyi
W. Barnet
Ganesha Ecosphere
Bombay Dyeing
Diyou Fibre.
Libolon
Santanderina
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Recycled Polyester (rPET) Market
Apparel
Industrial
Others
Based on Types the Market is categorized into Below types that held the largest Recycled Polyester (rPET) market share In 2023.
Polyester Filament
Polyester Staple Fiber
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Recycled Polyester (rPET) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Recycled Polyester (rPET) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Recycled Polyester (rPET) Market, By Type
6. Global Recycled Polyester (rPET) Market, By Application
7. Global Recycled Polyester (rPET) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Recycled Polyester (rPET) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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