Recycled PET Market Developments, Trends, and Forecast by 2031

Recycled PET Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage : by Type (Flakes and Chips); Source (Bottles and Containers, Films and Sheets); Application (Bottles, Fibers, Sheets, Strapping); and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00040401
  • Category : Chemicals and Materials
  • No. of Pages : 150
Buy Now

The Recycled PET Market is expected to register a CAGR of 6.5% from 2025 to 2031, with a market size expanding from US$ XX Million in 2024 to US$ XX Million by 2031.

The recycled PET market report is segmented by Type (Flakes and Chips). The market is segmented based on Source (Bottles and Containers, Films and Sheets, and Others) and Application (Bottles, Fibers, Sheets, Strapping, and Others). The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.

Purpose of the Report

The report Recycled PET Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Recycled PET Market Segmentation

Type
  • Flakes and Chips
Source
  • Bottles and Containers
  • Films and Sheets
Application
  • Bottles
  • Fibers
  • Sheets
  • Strapping

Strategic Insights

Recycled PET Market Growth Drivers
  • Increasing Environmental Awareness: Increasing environmental concern is one of the driving forces for the recycled PET market. People and companies have now become conscious of the fact that plastic waste negatively affects the environment. Recycled PET reduces waste, cuts energy consumption, and thus is a part of a sustainable economy. This results in an increased demand for recycled PET among industries towards this eco-friendly product.
  • Harsh Environment Laws: Government regulations and policies aimed at reducing plastic waste are fueling the growth of the recycled PET market. Many regions have implemented stricter rules around plastic recycling and waste management, encouraging the use of recycled materials. These regulations, along with incentives for businesses that adopt sustainable practices, are driving the demand for recycled PET in packaging, textiles, and other sectors.
  • Rising Demand for Sustainable Packaging Solutions: The demand for sustainable packaging is increasing at a rapid pace, fueling the growth of the recycled PET market. Companies from different industries, such as food and beverage and consumer goods, are moving towards the use of recycled PET to satisfy the demand of the consumer for eco-friendly products. This is because consumers have become increasingly environmentally conscious and businesses are under pressure to meet sustainability initiatives and regulations.
Recycled PET Market Future Trends
  • Increased Use in Food and Beverage Packaging: The growing use of recycled PET in food and beverage packaging is one of the major trends in the recycled PET market. As sustainability becomes the need of the hour, many brands are opting for recycled PET bottles and containers. This trend is spurred by consumer demand for more eco-friendly products and more stringent regulations regarding plastic waste. Recycled PET is considered a preferred material for sustainable packaging solutions.
  • Innovation in Recycling Technologies: In terms of the innovation in recycling technologies, the recycled PET market is very dynamic. Such technological advances as chemical recycling and advanced sorting increase efficiency and quality in recycling PET. The innovations, in fact, allow more recovery of PET from wastes and supply better-quality recyclates in more applications into industries like automotive, textiles, and packaging.
  • Recycled PET Growth in the Automotive Industry: A growing trend is the increasing use of recycled PET in the automotive industry. Recycled PET is being used in car interiors, insulation, and other components, providing both environmental and cost benefits. As manufacturers focus on reducing their carbon footprint and improving sustainability, the use of recycled PET in automotive parts is gaining momentum, supporting the circular economy.
Recycled PET Market Opportunities
  • Growth in Textile Industry: The opportunities for recycled PET are strong in the textile industry, especially when it comes to the manufacture of sustainable fabric for clothing, carpets, and upholstery. Consumers look for environmental-friendly fashion as well as home textiles and hence companies are looking forward to utilizing recycled materials in their product lines. Going forward, this trend shall grow due to sustainability playing a more significant role in the process of textile manufacturing.
  • Rise in Eco-Friendly Packaging: There is growing potential for recycled PET in the packaging industry. As a result of the increased efforts towards minimizing plastic waste, companies are turning to environmentally friendly packaging alternatives. The ideal material for bottle production, containers, and other packaging products is recycled PET. This opportunity is complemented by government regulations supporting the use of recycled content in packaging.
  • Development of Closed-Loop Recycling Systems: The closed-loop recycling system provides the biggest opportunity for the recycled PET market. In this system, PET products are collected and recycled back into the same product category to ensure continuity in reuse. With investment in more efficient recycling by businesses and municipalities, high-quality recycled PET will see an increase in demand for circular economy initiatives.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Recycled PET Market, providing a holistic landscape.
  • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
  • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
  • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Recycled PET Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

REGIONAL FRAMEWORK
World Geography

Have a question?

Analyst

Shejal

Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst   Speak to Analyst
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
MARKET PLAYERS
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What is the expected CAGR of the recycled PET market?

The recycled PET market is estimated to witness a CAGR of 6.5% from 2025 to 2031

What are the driving factors impacting the recycled PET market ?

Growing environmental awareness is driving the market growth.

What are the key players operating in the recycled PET market?

Indorama Ventures Public Limited, Biffa, Far Eastern New Century Corporation, Plastipak Holdings Inc, and Alpek are the key players operating in the recycled PET market.

Which is the fastest growing segment based on source?

Based on source, the bottles and containers segment is expected to witness the fastest growth during the forecast period.

Based on geography, which region held the largest share of the recycled PET market?

Based on geography, Asia Pacific held the largest share of the recycled PET market.

What is the future trend for recycled PET market?

Increased use in food and beverage packaging is expected to be the key market trends.


  • Indorama Ventures Public Limited

  • Biffa

  • Far Eastern New Century Corporation

  • Plastipak Holdings Inc

  • Alpek

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Chemicals and Materials : READ MORE..