Recycled PET Market: Current Analysis and Forecast (2021-2027) is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Recycled PET Market. Some of the key players profiled in the study are Indorama Venturers Public Limited (Thailand), Biffa (UK), Far Eastern New Century Corporation (Taiwan), Plastipak Holding Inc. (US), Alpek (Mexico), Poly Quest (US), OCTAL (Oman), Loop Industries (Canada), Evergreen (US), PLACON (US).
The global recycled plastics market is likely to showcase a growth of around 7% during the forecast period.
Recycled PET Market Overview:
Global plastic production reached 460 million tons (Mt) in 2019, which has doubled from 234 Mt in 2000, showcasing a rapid increase in demand owing to population growth and higher incomes. In addition, during the same period, plastic waste generation has increased by 197 Mt surpassing the growth of plastic production. As a result, increasing the concern among the environmental bodies to control the production and use of primary plastic, hence promoting the use of recycled plastic. PET is one of the most widely used plastics today used in a range of industries including packaging foods and beverages especially convenience-sized soft drinks, juices, and water. Furthermore, it is completely recyclable and is the most recycled plastic worldwide. Moreover, companies across the globe are making efforts to promote sustainability thereby opting for a circular economy model, thus promoting the global plastic recycling business including recycled PET. For instance, in December 2020, PepsiCo Inc. announced that the company has set the target to eliminate all virgin plastic from its Pepsi brand beverage bottles sold in nine European Union markets by 2022. The company will package the entire range of beverages under that brand with plastics recycled from post-consumer packaging (recycled PET).
Recycled PET Market: Demand Analysis & Opportunity Outlook 2026
Recycled PET research study defines market size of various segments & countries by historical years and forecast the values for next 6 years. The report is assembled to comprise qualitative and quantitative elements of Recycled PET industry including: market share, market size (value and volume 2017-2021, and forecast to 2027) that admires each country concerned in the competitive marketplace. Further, the study also caters and provides in-depth statistics about the crucial elements of Recycled PET which includes drivers & restraining factors that helps estimate future growth outlook of the market.
The segments and sub-section of Recycled PET market is shown below:
Based on the source, the market is categorized into bottles & containers, films & sheets, and others. Among these, bottles & containers captured a dominating position in the market owing to the wide usage of PET-based packaging materials in the food & beverage and non-food industries. This can be attributed to the fact that it is food safe, strong, lightweight, transparent, shatter-resistant, and provides additional properties like desired barrier properties.
Based on application, the market is categorized into fibers, sheets & film, strapping, bottles & containers, and others. Among these, fibers accounted for a significant market share and is expected to maintain its position during the forecast period. This can be ascribed to the wide adoption of recycled fibers as a filling material for cushions and pillows and converted to fabrics for use in clothing, upholstery, etc. Moreover, in several countries recycled PET is not allowed to use for food & beverage packaging thus limiting the application area.
Polypeth Ekspor Indonesia‘s recycled PET flakes are 100% made from post consumer and industrial waste material. It’s packed in 1 ton or 500kg jumbo bag with monthly capacity up to 100mt. Kindly contact us to find out more about our recycled PET flakes.
Polypeth Ekspor Indonesia is a supplier and export recycled plastic pellets (HIPS & PP) based in Indonesia. We work with plastic recycling manufacturers with years of experience to provide and ensure high quality & the safety of our recycled plastic pellets. Together we reduce the use of virgin plastic resin and reduce the waste of virgin plastic pollution.
To find out more about Polypeth Ekspor Indonesia’s products and services, speak to the team by clicking here.
