Global Recycled PET (rPET) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Recycled PET (rPET) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

rPET is recycled PET (or Polyethylene terephthalate) plastic, which can be used to make Fiber, Sheet & Film, strapping, F&B Containers & Bottles, etc.

Market Overview:

The latest research study on the global Recycled PET (rPET) market finds that the global Recycled PET (rPET) market reached a value of USD 13159.36 million in 2022. It’s expected that the market will achieve USD 19736.88 million by 2028, exhibiting a CAGR of 6.99% during the forecast period.

Supply chain impact

The global outbreak of COVID-19 has had an impact on the rPET industry. First, countries and regions have implemented various levels of lock-in measures against COVID-19, and some rPET factories have reduced their production capacity or closed their factories. Due to the lockdown measures, some recycling agencies have also been temporarily closed, and the rPET supply chain has been hit, which may affect the production and delivery cycle of rPET. In addition, logistics transportation, especially cross-border transportation, is subject to strict inspections, and the logistics cycle may be long. COVID-19 has affected the entire rPET industry in the short term, but as COVID-19 is gradually brought under control, the supply chain and Non-food Contact Bottle chain will gradually recover, and in the long run, the rPET industry will also recover.

Increasing competition with PET

Although the use of rPET instead of PET is the key to achieving sustainable development goals. However, due to the global outbreak of COVID-19, social and economic factors have caused crude oil prices to plummet. PET comes from petroleum products, which makes the production and sales of PET materials seem to be cheaper than rPET. As a result, in some areas, manufacturers may switch to using PET materials instead of rPET materials, and the competition between the two has intensified. With the discovery of COVID-19 variants, there is still a lot of uncertainty in the global economic recovery, which will pose a challenge to the current development of the rPET industry.

Segmentation Overview:

By type, Clear rPET segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Fiber segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Recycled PET (rPET) market covered in Chapter 3:

Plastipak
JP Recycling Ltd
Alpla
Bantam
Indorama Ventures
Alba Group
Remondis Recycling
Ferrovial
Veolia
Viridor

In Chapter 4 and Chapter 14.2, on the basis of types, the Recycled PET (rPET) market from 2018 to 2029 is primarily split into:

Clear
Colored

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Recycled PET (rPET) market from 2018 to 2029 covers:

Fiber
Sheet & Film
Strapping
F&B Containers & Bottles
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)