Recycled PET Market Size, Share, and Growth Analysis, By Type (RPET Flakes, RPET Chips), By Grade (Grade A, Grade B), By Source, By Color, By Application, By Region - Industry Forecast 2025-2032
Indorama Ventures Public Company Limited(Thailand)
Plastipak Holdings, Inc.(United States)
Alpek S.A.B. de C.V.(Mexico)
Clear Path Recycling(United States)
Evergreen Plastics(United States)
Phoenix Technologies International LLC(United States)
Loop Industries, Inc.(Canada)
Placon Corporation(United States)
UltrePET, LLC(United States)
ALPLA(Austria)
PETCO(South Africa)
Verdeco Recycling, Inc.(United States)
Seiu Japan(Japan)
Far Eastern New Century Corporation(Taiwan)
PolyQuest, Inc.(United States)
CarbonLite Industries, LLC(United States)
M&G Chemicals(Luxembourg)
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Recycled PET Market size was valued at USD 10.8 billion in 2023 and is poised to grow from USD 11.72 billion in 2024 to USD 22.51 billion by 2032, growing at a CAGR of 8.5% during the forecast period (2025-2032).
The market for recycled polyethylene terephthalate (rPET) is on an upward trajectory, fueled by increasing sustainability initiatives across food & beverage and packaging sectors. The shift towards a circular economy and the growing adoption of recycled plastics in packaging, textiles, and other industries are integral to driving rPET demand. Clear rPET, being more cost-effective, is highly favored, although colored rPET attracts packaging manufacturers seeking brand identity. The U.S. faces challenges in plastic waste recycling, as single-use plastics dominate demand, further intensified by recent bans on plastic waste imports. Notable companies, including Adidas and Nike, are potential rPET consumers. Moreover, advancements in recycling processes and facilities, such as LyondellBasell's new plant in China and Biffa's acquisition of Esterpet, are vital for enhancing supply and meeting increasing demand in multiple applications, including the automotive sector.
Top-down and bottom-up approaches were used to estimate and validate the size of the Recycled Pet market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Recycled Pet Market Segments Analysis
Global Recycled PET Market is segmented by Type, Grade, Source, Color, Application and region. Based on Type, the market is segmented into RPET Flakes and RPET Chips. Based on Grade, the market is segmented into Grade A and Grade B. Based on Source, the market is segmented into Bottles & Containers, Films & Sheets and Others. Based on Color, the market is segmented into Clear and Colored. Based on Application, the market is segmented into Bottles, Fiber, Sheets, Strapping and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Recycled Pet Market
A key factor propelling the global recycled PET market is the surging demand from the food and beverage sector. This industry predominantly utilizes packaging materials like PET bottles for a wide array of products, including beverages, food items, sauces, and condiments. Notably, there is a growing trend among consumers towards sustainable and eco-friendly packaging solutions. As awareness of the environmental consequences of plastic waste increases, consumers are actively pursuing packaging options that incorporate recycled materials, such as rPET. This shift in consumer preferences is significantly influencing the industry's move towards adopting sustainable practices in packaging.
Restraints in the Recycled Pet Market
A major challenge facing the global recycled PET market is the lack of a comprehensive system for plastic collection and segregation. Efficient handling of plastic waste is crucial to facilitate the recycling process and produce high-quality recycled PET (rPET). Unfortunately, numerous regions and countries do not possess the necessary infrastructure to support effective collection and sorting of plastic materials. This deficiency creates obstacles in sourcing a steady and dependable supply of post-consumer PET bottles, which are vital for rPET production. Consequently, the current limitations in waste management systems significantly hinder the growth and development of the recycled PET market.
Market Trends of the Recycled Pet Market
The recycled PET (rPET) market is experiencing a notable upward trend driven by the escalating demand for sustainable packaging solutions. As consumers increasingly prioritize environmental responsibility, brands across diverse sectors-including food and beverages, personal care, and household products-are shifting towards eco-friendly materials like rPET. This growing consumer eco-consciousness is prompting manufacturers to reassess their packaging strategies to align with sustainability goals, creating a fertile ground for rPET adoption. Additionally, regulatory pressures and rising awareness regarding plastic pollution further bolster this trend, positioning the rPET market as a vital component of the broader shift towards a circular economy.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Drivers & Opportunities
Restraints & Challenges
Porters Analysis
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2024
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Global Recycled PET Market Size by Type & CAGR (2025-2032)
Market Overview
RPET Flakes
RPET Chips
Global Recycled PET Market Size by Grade & CAGR (2025-2032)
Market Overview
Grade A
Grade B
Global Recycled PET Market Size by Source & CAGR (2025-2032)
Market Overview
Bottles & Containers
Films & Sheets
Others
Global Recycled PET Market Size by Color & CAGR (2025-2032)
Market Overview
Clear
Colored
Global Recycled PET Market Size by Application & CAGR (2025-2032)
Market Overview
Bottles
Fiber
Sheets
Strapping
Others
Global Recycled PET Market Size & CAGR (2025-2032)
North America (Type, Grade, Source, Color, Application)
US
Canada
Europe (Type, Grade, Source, Color, Application)
Germany
Spain
France
UK
Italy
Rest of Europe
Asia Pacific (Type, Grade, Source, Color, Application)
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America (Type, Grade, Source, Color, Application)
Brazil
Rest of Latin America
Middle East & Africa (Type, Grade, Source, Color, Application)
GCC Countries
South Africa
Rest of Middle East & Africa
Competitive Intelligence
Top 5 Player Comparison
Market Positioning of Key Players, 2024
Strategies Adopted by Key Market Players
Recent Developments in the Market
Company Market Share Analysis, 2024
Company Profiles of All Key Players
Company Details
Product Portfolio Analysis
Company's Segmental Share Analysis
Revenue Y-O-Y Comparison (2022-2024)
Key Company Profiles
Indorama Ventures Public Company Limited (Thailand)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Plastipak Holdings, Inc. (United States)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Alpek S.A.B. de C.V. (Mexico)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Clear Path Recycling (United States)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Evergreen Plastics (United States)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Phoenix Technologies International LLC (United States)