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.
In 2022, the global recycled PET (rPET) market was valued at $8.4 billion and is projected to reach $16.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.7% from 2023 to 2032. The Asia Pacific region dominated the market, accounting for nearly 40% of the global revenue share in 2022. This dominance is attributed to the regions rapidly expanding packaging industry, driven by population growth, urbanization, and increased consumer spending. Europe held the second largest market share, characterized by high collection rates of beverage bottles and initiatives by regional bottlers to substitute virgin PET materials with recycled PET. North America is expected to grow at the fastest CAGR during the forecast period, driven by bans on landfills and increasing awareness about plastic waste. Opportunities in the rPET market are being propelled by growing environmental awareness and stringent regulatory initiatives aimed at reducing plastic pollution. Governments worldwide are implementing laws mandating the use of recycled content in packaging and imposing taxes on single use plastics. Additionally, technological advancements in recycling processes have improved the efficiency and quality of recycled PET, making it a viable alternative to virgin materials. The packaging segment, in particular, is projected to grow at a CAGR of 7.3% during the forecast period, as companies incorporate more recycled materials to meet sustainability goals and consumer demand for eco friendly products.
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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.
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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. 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 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
US (United States, US 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 PET-Recyclate 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 PET-Recyclate Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global PET-Recyclate Market, By Type
6. Global PET-Recyclate Market, By Application
7. Global PET-Recyclate Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global PET-Recyclate Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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