The Recycled Polyethylene Terephthalate report highlights set of information related to pricing and the category of customers who are more than willing to pay for certain products and services. The information on opportunities as well as product features, determine which offerings or benefits command sale and identify the communications channels used by the market leaders to create premium positioning strategies as well as attract broadest share.
Increasing demand for recycled PET from various end-use industries coupled with shift toward sustainability are some key factors driving market revenue growth.Increasing consumer support of sustainability and focus on circular economy are driving high demand for sustainable packaging. Major companies are undertaking initiatives for promoting the circular economy. For example, Evian is expected to utilize recycled plastics for 100% of the plastics being used by 2025, while PepsiCo is expected to recycle around 75% of packaging waste by 2030.
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Top Companies Recycled Polyethylene Terephthalate Market and Profiled in the Report are:
Placon, Clear Path Recycling, Indorama Ventures Public Company Limited, MG Chemicals, Verdeco Recycling, Loop Industries, Inc., PolyQuest, Inc., Phoenix Technologies Inc., Evergreen, and Biffa.
Key Highlights of Report
- Flakes segment accounted for a comparatively larger revenue share in 2021. Increasing demand for rPET for various end-use applications such as food-grade packaging, film reels, automobile seats and covers, conveyor belts, and Polyester Staple Fiber (PSF) is a key factors expected to drive revenue growth of this segment during the forecast period. Majority of recycled PET flakes produced are utilized for staple fiber applications such as upholstery, clothing and texturized yarn, among others in the textile sector owing to environmental sustainability. Recycled PET is lighter than various alternatives of raw materials such as glass, emissions during production using rPET is significantly lesser than from other virgin materials, and demand is high in the Fast Moving Consumer Good (FMCG) market.
- Clear segment revenue is expected to grow at a steady rate over the forecast period. Ease of bottle-to-bottle recycling, durable packaging, reduced carbon footprint, and low energy consumption for manufacturing are some of the major factors expected to drive demand for clear recycled PET during the forecast period. Clear packaging enables consumers to inspect the product before buying thereby increasing sales. Durability, light weigh, and the protective nature of rPET are key factors attributing to growing demand in various industries such as FMCG, and for packaging of personal care, cosmetics, and pharmaceutical products, among others.
Browse the complete Global Recycled Polyethylene Terephthalate Market Research Report – Industry Analysis, Size, Share, Growth, Trends @ https://www.emergenresearch.com/industry-report/recycled-polyethylene-terephthalate-market
Objectives of the Report:
- Study of the global Recycled Polyethylene Terephthalate market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
- Industrial structure analysis of the Recycled Polyethylene Terephthalate market by identification of various sub-segments
- Extensive analysis of key market players along with their SWOT analysis
- Competitive landscape benchmarking
- Analysis of Recycled Polyethylene Terephthalate market based on growth trends, futuristic outlook, and contribution to the total growth of the market
- Analysis of drivers, constraints, opportunities, challenges, and risks in the global Recycled Polyethylene Terephthalate market
- Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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Emergen Research has segmented the global recycled PET market on the basis of type, product, source, application, and region:
Type Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)
- Flakes
- Chips
Product Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)
- Clear
- Colored
Source Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)
- Bottles containers
- Films sheets
- Others
Application Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)
- Bottles containers
- Fiber
- Strapping
- Sheet film
- Others
On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the RD sector.
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