Global Recycled PET Chips Market Growth 2025-2031

Global Recycled PET Chips Market Growth 2025-2031

The global Recycled PET Chips market size is predicted to grow from US$ 12910 million in 2025 to US$ 18440 million in 2031; it is expected to grow at a CAGR of 6.1% from 2025 to 2031.

Recycled PET chips are high-quality materials produced from post-consumer PET (polyethylene terephthalate) waste, such as plastic bottles and containers. The recycling process involves collecting, cleaning, and processing these used PET items to create new chip products that can be used in various applications, ranging from textiles to packaging. By transforming waste into reusable materials, recycled PET chips play a crucial role in promoting environmental sustainability and reducing the reliance on virgin PET, which is derived from fossil fuels. The use of recycled PET not only minimizes landfill waste but also decreases energy consumption and greenhouse gas emissions associated with plastic production. This makes recycled PET chips an essential component in the movement toward a circular economy.

Current Market Development

The global market for recycled PET chips is witnessing significant growth, driven by increasing awareness of sustainability and the need for eco-friendly materials. Leading companies in this space, such as Indorama Ventures, Far East New Century, Alpek (DAK Americas), Greentech, and Veolia, collectively account for approximately 13% of the market share. China emerges as the largest market for recycled PET chips, capturing over 40% of the global share due to its robust manufacturing sector and commitment to recycling initiatives. Europe follows closely, with a market share exceeding 20%. This trend indicates a strong demand for recycled materials across various industries, as companies seek to enhance their sustainability profiles and meet regulatory requirements for recycling and waste reduction.

Market Trends and Outlook

In terms of product segmentation, clear PET chips dominate the market, representing over 63% of total sales, while green PET chips hold a smaller share of around 10%. The textile industry is the largest application segment for recycled PET chips, accounting for nearly 83% of the market. This high demand is largely attributed to the growing consumer preference for sustainable fashion and eco-friendly products, as well as the increasing adoption of recycled materials in the production of clothing and textiles. As the global emphasis on environmental responsibility continues to intensify, the market for recycled PET chips is expected to expand further. Innovations in recycling technologies, coupled with heightened consumer awareness of environmental issues, are driving the adoption of recycled materials across multiple sectors. The push towards circular economy practices will likely reshape the future of the recycled PET chips market, fostering opportunities for growth and encouraging manufacturers to invest in sustainable practices, ultimately benefiting both the environment and the economy.

LP Information, Inc. (LPI) ' newest research report, the “Recycled PET Chips Industry Forecast” looks at past sales and reviews total world Recycled PET Chips sales in 2024, providing a comprehensive analysis by region and market sector of projected Recycled PET Chips sales for 2025 through 2031. 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.

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.

Segmentation by Type:
Clear Chip
Brown Chip
Green Chip
Blue Chip
Others

Segmentation by Application:
Textile
Bottles
Sheet
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 analysing the company's coverage, product portfolio, its market penetration.
Indorama Ventures
Far East New Century
Alpek (DAK Americas)
Plastipak Holdings
Greentech
Visy
SUEZ
Veolia
Long Fu Huanneng
Jiulong Regeneration Technology
Haili Environmental Technology
Xingke Chemical Fiber
Zhejiang Jiaren New Materials
Guangdong Qiusheng Resources
Baichuan Resource Regeneration Technology
Guangxi Guolong Renewable Resources

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 by Type, by Application?

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