PET-Recyclate Market size was valued at USD 8.5 Billion in 2024 and is forecasted to grow at a CAGR of 10.4% from 2026 to 2033, reaching USD 20.3 Billion by 2033.
The European PET recyclate market has experienced significant developments in recent years, reflecting a dynamic shift towards sustainability and circular economy principles. In 2022, Europe produced approximately 5 million tonnes of PET packaging, with 3 million tonnes collected for recycling, achieving a collection rate of 60%. Notably, PET beverage bottles accounted for 2.8 million tonnes of this collected volume. Diverse collection systems, including kerbside pick-up and deposit return schemes (DRS), have contributed to these figures, with DRS alone responsible for 30% of bottle collection volumes in 2022. citeturn0search3
Recycling capacities have also seen substantial growth. Europe's mechanical PET recycling capacity reached 3 million tonnes in 2022, with Germany leading at approximately 630,000 tonnes, followed by Spain and Portugal with over 500,000 tonnes combined. The extrusion capacity for recycled PET (rPET) pellet production notably doubled to 1.4 million tonnes in the same year. citeturn0search3
Despite these advancements, challenges persist. The European recycled PET market faced significant pressures in 2023 due to high costs and weakened demand. Consumers reduced spending, and processors questioned the necessity of high percentages of costly recycled materials, leading to a reevaluation of the recycling business model. citeturn0search6
Looking ahead, the Europe recycled PET market is projected to grow at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2032. The market size is expected to reach USD 2.42 billion in 2022 and is anticipated to grow to USD 3.67 billion by 2032. citeturn0search5
In conclusion, the European PET recyclate market is navigating a complex landscape of growth opportunities and operational challenges. While significant progress has been made in collection and recycling capacities, economic pressures and market dynamics necessitate continuous adaptation and innovation to achieve long-term sustainability goals.
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Centriforce Products Ltd
Clean Tech UK Ltd
Dennison Ltd
DS Smith
DutchPetRecycling
Foss Manufacturing LLC
G.E.T Recycling Co. Ltd
JFC Plastics Ltd
Krones AG
Libolon
Lotte Chemicals
M&G Chemicals
Petco.co.za
Phoenix Technologies
Placon (Ecostar)
PolyQuest
Reliance Industries Limited
Repro-PET
UltrePET LLC
Verdeco Recycling Inc.
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 Europe 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 Europe PET-Recyclate Market
RPET flakes
RPET pellets
RPET sheets
RPET fibers
Bottles
Textiles
Food packaging
Non-food packaging
Automotive parts
Food and Beverage
Textile and Apparel
Consumer Goods
Automotive
Construction
Mechanical recycling
Chemical recycling
Thermal recycling
Post-consumer waste
Post-industrial waste
Spent bottles
Packaging waste
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe PET-Recyclate Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Market Size And Trends
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe PET-Recyclate Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe PET-Recyclate Market, By Type
6. Europe PET-Recyclate Market, By Application
7. Europe PET-Recyclate Market, By Geography
Europe
8. Europe PET-Recyclate Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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