PET-Recyclate Market Market Overview
PET-Recyclate Market was valued at USD 2.1 Billion in 2022 and is projected to reach USD 4.5 Billion by 2030, growing at a CAGR of 10.5% from 2024 to 2030.
Market Size and Opportunity Analysis for Global PET-Recyclate Market
The global PET-recyclate market was valued at approximately USD 8.5 billion in 2023, reflecting a significant increase in consumer and industrial demand for recycled polyethylene terephthalate (PET) materials. This growth can be attributed to heightened environmental awareness and stringent regulations aimed at reducing plastic waste. With a compound annual growth rate (CAGR) of around 8.5% projected from 2024 to 2030, the market is expected to reach approximately USD 15.5 billion by the end of this forecast period. The increasing adoption of PET-recyclate across various end-use industries, including packaging, textiles, and automotive, underscores the expanding opportunities within this sector.
Furthermore, the market’s expansion is driven by technological advancements in recycling processes and the rising preference for sustainable products among consumers. The development of advanced recycling technologies, such as chemical recycling and enzymatic degradation, enhances the quality and performance of recycled PET, making it a viable alternative to virgin PET. As a result, businesses are investing in innovative solutions to capture a larger share of the growing PET-recyclate market. This trend highlights a promising future for the industry, characterized by increased market value and opportunities for growth in various segments.
Get an In-Depth Research Analysis of the Global PET-Recyclate Market Size And Forecast [2024-2031]
Who are the largest Global manufacturers in the PET-Recyclate Market?
By Product Type
- RPET flakes
- RPET pellets
- RPET sheets
- RPET fibers
By Application
- Bottles
- Textiles
- Food packaging
- Non-food packaging
- Automotive parts
By End-user Industry
- Food and Beverage
- Textile and Apparel
- Consumer Goods
- Automotive
- Construction
By Recycling Method
- Mechanical recycling
- Chemical recycling
- Thermal recycling
By Source of Raw Materials
- Post-consumer waste
- Post-industrial waste
- Spent bottles
- Packaging waste
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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Segmentation of PET-Recyclate Market-
Which regions are leading the Global PET-Recyclate Market?
- 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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Detailed TOC of Global PET-Recyclate Market Research Report, 2024-2031
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 Research
- 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
- Global
- 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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