Press release
Recycled PET (r-PET) Bottles Market Share Analysis 2023, Updated Top Manufacturers, Global Industry Growth, Latest Trends, Global Forecast 2029
Market Overview:Recycled PET (r-PET) Bottles Market size is projected to reach USD 4.32 Billion by 2028 from an estimated USD 2.54 Billion in 2021, growing at a CAGR of 7.89% globally.
PET (recycled polyethylene terephthalate) is a transparent, durable, recyclable material. PET plastic is 100% recyclable, adaptable, and intended to be manufactured again. Purified terephthalic acid and modified ethylene glycol were combined to create this substance, which is basically a polymer. It is common practice to melt and spin PET bottles and canisters into fibers for carpeting or fiberfill. Additionally, if gathered in an adequately pure state, PET can be recycled into its original uses. Techniques for dissolving polymers into their chemical precursors for resynthesizing PET have been developed.
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Market Dynamics:
Driver:
Consumer views toward plastic trash are changing, and the consumer movement is being fueled by this increasing knowledge. As society becomes more aware of and proactive in its efforts to decrease plastic trash, recycling rates are rising. Additionally, as consumers become more conscious of ecology, there is a growing demand for recyclable containers to support an economy built on recycling and reuse. Making products from recycled PET is an energy-efficient procedure that lowers CO2 pollution while using almost half the energy. The market for recycled (r-PET) bottles has developed as the widespread use of polymers in the food and beverage business for product storage, processing, and transportation.
Opportunities:
The rising opportunity for electric vehicles in the country is likely to augment the need for lightweight and durable plastic components in order to enhance vehicle efficiency. Over the projection period, this is expected to drive up demand for recovered PET. In the manufacture of fabrics, mattresses, and couch covers, recycled PET is widely utilized. The strong car industry creates a demand for repurposed PET beds, bumpers, and other auto parts that is on the rise.
The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis
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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.
Market Segmentation
By Product Type
• Pet Straps
• Pet Staple Fiber
• Pet Sheets or Films
By Source
• Post-Consumer Pet
• Post-Industrial Pet
By Application
• Mono-Filaments
• Packaging
• Industrial Yarn
• Strapping
• Building Materials
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Regional Analysis of Recycled PET (r-PET) Bottles Market:
The Asia Pacific region is expected to dominate the market during the forecast period. It is projected to maintain the leading position throughout the period. The regional market is characterized by the easy accessibility of land along with a cheap-cost, skilled labor force. India is expected to be one of the most profitable markets for recycled PET with demand accelerating by the rising trend of recyclable products. The switch in the production landscape toward developing countries, especially China and India, is anticipated to positively influence the regional market growth during the projected period.
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
Key Players Covered in Recycled PET (r-PET) Bottles Market
• Phoenix Technologies International LLC.
• PolyQuest
• Verdeco Recycling
• Portage Plastics
• AL Mehtab Industries
• UMA SCHREIBGERÄTE ULLMANN GMBH
• Peninsula Plastics Recycling
• ALPLA
• Bantam Materials
• Carbonlite Industries LLC
• Clean Tech U.K. Ltd
• Clear Path Recycling LLC
• DuFor
• Evergreen Plastics Inc.
• Indorama Ventures
• Libolon
• Marglen Industries
• PLACON Corporation
• UltrePET
• Unifi Inc. and other major players.
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Key Industry Developments in the Recycled PET (r-PET) Bottles Market
In May 2021, Clean Tech's parent company Plastikpak declared investment in one of its production sites based in Toledo, Spain. The investment is focused on growing its R-PET production capacity in Europe.
In June 2021, Indorama Ventures announced the accession of CarbonLite Holdings' facility in Texas. By this accession, the company aims at growing its footprint in North America along with rapidly augmenting its production capacity.
In March 2019, ALPLA Werke Alwin Lehner GmbH & Co KG and Fromm Holding AG declared their PET recycling joint venture - PET Recycling Team Wolfen GmbH - at the Wolfen location. Texplast, a subsidiary of FROMM Plastics GmbH, is probably to install a third expulsion line at the Wolfen location. The line is anticipated to start operations in May 2020.
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Report includes Competitor's Landscape:
• Major trends and growth projections by region and country
• Key winning strategies followed by the competitors
• Who are the key competitors in this industry?
• What shall be the potential of this industry over the forecast tenure?
• What are the factors propelling the demand for the Action Figures and Statues?
• What are the opportunities that shall aid in significant proliferation of the market growth?
• What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures and Statues?
• How has the covid-19 impacted the growth of the market?
• Has the supply chain disruption caused changes in the entire value chain?
Additionally, we are offering company profiles for all of the major key companies. Please take the time to visit our company profiles. If you want to do any customized profiling for the companies do let us know.
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