Global Recycled PET Chips Market Growth 2023-2029

Global Recycled PET Chips Market Growth 2023-2029

Recycling is the collection of used materials that would otherwise be waste to be broken down and remade into new products. Motivations for recycling include environmental sustainability and financial concerns sustainability because the reused material both prevents waste and reduce the consumption of new raw materials, and financial because it can be cheaper to produce different products from recycled materials. One of the main usages of this process is recycling of polymer materials and wastes, specially those made up of polypropylene and polyester.

This report focuses on Recycled PET Chips. PET, or polyethylene tephthalate, is semi-rigid to rigid, depending on thickness. It makes a good barrier method, especially for use in water bottles, soft and fizzy drink bottles, pots, tubs, oven ready trays, jam jars soft drink bottles. PET can be produced in a thin film, such as that which is used to make Mylar. It is also used for flexible food packaging. When recycled, it is made into fiberfill, carpeting, or non-food containers and bottles.
LPI (LP Information)' newest research report, the “Recycled PET Chips Industry Forecast” looks at past sales and reviews total world Recycled PET Chips sales in 2022, providing a comprehensive analysis by region and market sector of projected Recycled PET Chips sales for 2023 through 2029. With Recycled PET Chips sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Recycled PET Chips industry.
This Insight Report provides a comprehensive analysis of the global Recycled PET Chips landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Recycled PET Chips portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Recycled PET Chips market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Recycled PET Chips and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Recycled PET Chips.
The global Recycled PET Chips market size is projected to grow from US$ 9460.8 million in 2022 to US$ 13860 million in 2029; it is expected to grow at a CAGR of 13860 from 2023 to 2029.
The main market for recycled PET chips is China, accounting for about 60%. Europe was next at 10%.
Major manufacturers are Lung Shing International, Longfu Recycling Energy Scientech, Clean Tech Incorporated, Clear Path Recycling, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Recycled PET Chips market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Clear Chip
Brown Chip
Green Chip
Blue Chip
Others
Segmentation by application
Bottles
Sheet
Fiber
Strapping
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Clean Tech Incorporated
Clear Path Recycling
Mohawk Industries Incorporated
CarbonLite Industries
Greentech
Visy
Evergreen Plastics
Extrupet
PolyQuest
Phoenix Technologies
Verdeco Recycling
4PET RECYCLING BV
Far Eastern Group
Kyoei Industry
Wellpine Plastic Industical
Lung Shing International
Longfu Recycling Energy Scientech
Suzhou Jiulong Recy & Tech
Key Questions Addressed in this Report
What is the 10-year outlook for the global Recycled PET Chips market?
What factors are driving Recycled PET Chips market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Recycled PET Chips market opportunities vary by end market size?
How does Recycled PET Chips break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.