The market for recyclate PET (rPET) is expected to record a CAGR of above 7%, during the forecast period. The major factors driving the growth of the market studied are the growing emphasis on sustainability among the consumer and packaging products, and increasing demand from the textile industry. On the flip side, lower profit margins in the industry are expected to hamper the growth of the market.
The recyclate PET market is fragmented in nature. Some of the noticeable players in the market include Phoenix Technologies, Krones AG, Placon (EcoStar), PolyQuest, Lotte Chemicals, and Avery Dennison Corporation, among others.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook