The global recycled polyethylene terephthalate (rPET) market is forecast to reach USD 13.43 Billion by 2028, according to a new report by Reports and Data. Polyethylene terephthalate (PET) can be described as a highly recyclable plastic resin and a type of polyester. Primarily, the material formed is polymer that is made by integrating modified ethylene glycol and purified terephthalic acid, both of which are monomers. The bottles or containers, on the bottom of which, it has a #1 code denotes that it is made out of PET. It is widely used as a packaging material in products like beverages, frozen foods, bakery goods, and household cleaners, among others. It is mentionable here that PET is the most commonly recycled plastic across the globe. When PET is completely recycled, recycled polyethylene terephthalate (rPET) is formed.
In context to region, Europe can be seen to occupy a prominent market share. The market share held by this region is attributed to increasing emphasis on waste management, formulation of directives like Packaging and Packaging Waste Directive, and continuous expansion of the food & beverage industry along with associated growing demand for rPET in Europe.
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Top Companies: Verdeco Recycling, INC, Placon, Clear Path Recycling LLC, M&G Chemicals, Indorama Ventures Public LTD., Polyquest, Zhejiang Anshun Pettechs Fibre Co., Ltd., Phoenix Technologies, Evergreen Plastics, Inc. and Libolon.
Further key findings from the report suggest
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
Processing & Collection Methods Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
End-use Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of the Recycled Polyethylene Terephthalate Market
– Changes in industry market dynamics
– Detailed market segmentation by type, application, etc.
– Historical, current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competition situation of Recycled Polyethylene Terephthalate Market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
Finally, the Recycled Polyethylene Terephthalate Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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