Global Recycled Polyethylene Terephthalate Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

"Global Recycled Polyethylene Terephthalate Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global recycled polyethylene terephthalate market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global recycled polyethylene terephthalate market report has been segmented on the basis of product, end-use, and region.

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Introduction: 

Polyethylene Terephthalate also is known as PET or PETE is widely used polymer. It is naturally transparent plastic used widely for products used in our day to day life. Recycled-PET has properties to resist the growth of mold, fungi, and bacteria. It is commonly used in packaging of food and beverage, pharmaceuticals, cosmetics, and electronic products.

Market Dynamics: 

Increasing penetration of recycled polyethylene terephthalate in food & beverages and non-food packaging applications is a major factor expected to drive revenue growth of the recycled polyethylene terephthalate market over the forecast period. Moreover, growing awareness regarding recycling of plastics coupled with favorable government regulations regarding the recycling of plastics is expected to boost the demand for packaging materials, which in turn drive revenue growth of the target market. Furthermore, the low production cost of recycling polyethylene as compared to other polymers is another factor expected to drive revenue growth of target market over the forecast period.

Product Insights:

On the basis of product, the clear segment is expected to account significant revenue share in the global recycled polyethylene terephthalate market. Increasing demand for bottled beverages and packaged food products is expected to support revenue growth of this segment over the forecast period.

End-use Insights:

On the basis of end-use, the fiber segment is expected to account major revenue share in the global target market and expected to grow at a steady rate over the forecast period. Increasing demand for recycled polyethylene terephthalate in textile applications such as carpets, clothing, blankets, and others in developing economies is a major factor expected to drive revenue growth of this segment over the forecast period.

Regional Insights:

Asia Pacific market is expected to dominate the global recycled polyethylene terephthalate market in terms of revenue over the forecast period. Growing demand for packaged food and beverages in countries such as China, India, Korea, Australia, Indonesia, etc., is expected to drive revenue growth of Asia Pacific recycled polyethylene terephthalate market over the forecast period. China is the largest manufacturer and consumer of recycled polyethylene terephthalate. Growing population coupled with strong economic opportunities in the manufacturing sector in the country is expected to drive revenue growth of the target market in China over the forecast period. Asia Pacific accounts for the major revenue share of the global recycled polyethylene terephthalate market, followed by markets in North America, Europe, Latin America, and the Middle East & Africa respectively. The recycled polyethylene terephthalate market in Europe is expected to grow at a steady rate over the forecast period. Rising demand for recycled polymers coupled with stringent regulations related to carbon emissions is expected to drive revenue growth of the target market in the region over the forecast period.

Market Segmentation and Key Players Operating in the Global Recycled Polyethylene Terephthalate Market:

By Product:

• Clear
• Colored

By End-use:

• Fiber
• Sheet and Film
• Food & beverages containers and bottle
• Strapping
• Others (Non-food container and bottles)

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa