Recycled Polyethylene Terephthalate Market Size Worth $13.3 Billion by 2027: Grand View Research, Inc.

SAN FRANCISCO, March 31, 2020 /PRNewswire/ -- The global recycled polyethylene terephthalate market size is anticipated to reach USD 13.32 billion by 2027, according to a new study by Grand View Research, Inc., progressing at a CAGR of 7.9% during the forecast period. Booming beverage industry in Asia Pacific countries such as China, India, Japan, South Korea, Vietnam, and Philippines has been stimulating the growth of the rPET market.

Recycled PET, also termed as rPET, is a synthetic compound prepared from used PET products, which finds application in a wide range of end-use industries. The resins are produced from post-consumer PET bottle flakes and are one of the most stable forms of recycled PET.

Key suggestions from the report:

• In terms of revenue, Asia Pacific dominated the overall recycled Polyethylene Terephthalate (rPET) market. It is anticipated to exhibit a CAGR of 8.7% over the forecast period
• The clear product segment held the leading revenue share of the recycled polyethylene terephthalate market in 2019
• The food and beverage containers and bottles segment is estimated to post the highest CAGR of 8.3% in terms of revenue over the forecast period
• North America is expected to witness a CAGR of 8.2% over the forecast period, owing to broad application scope of the product in several key end-use industries, such as FMCG, consumer goods, clothing and textile, and automobile

Read 130 page research report with ToC on "Recycled Polyethylene Terephthalate Market Size, Share & Trends Analysis Report By Product (Clear, Colored), By End Use (Fiber, Sheet & Film, Strapping, F&B Containers & Bottles), By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/recycled-polyethylene-terephthalate-pet-market

Clear recycled PET was the largest product type in the global rPET market in 2019. It is expected to retain its position over the forecast period, owing to high demand for bottles and sheets. Clear recycled PET is widely used in multiple applications, such as the production of resins and fibers.

Increasing demand for recycled polyethylene terephthalate in the non-food sector is also estimated to drive the growth over the forecast period. Rising concerns regarding sustainability of natural resources in developing economies of North America and Europe are likely to escalate the product demand over the forecast period.

Rising focus on developing manufacturing units in Asia Pacific countries, such as China, India, Vietnam, Indonesia, and Thailand, is poised to augur well for the market in near future. The non-food containers and bottles end-use segment is projected to expand at a CAGR of 7.9% over the forecast period.

Grand View Research has segmented the global recycled polyethylene terephthalate market on the basis of product, end-use and region:

• Recycled Polyethylene Terephthalate (rPET) Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2027)
• Clear
• Colored
• Recycled Polyethylene Terephthalate (rPET) End-use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2027)
• Fiber
• Sheet and Film
• Strapping
• Food & Beverage Containers and Bottles
• Non-Food Containers and Bottles
• Others
• Recycled Polyethylene Terephthalate (rPET) Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2027)
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Sweden
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
• Latin America
• Mexico
• Rest of Latin America
• Middle East & Africa
• GCC Countries
• South Africa
• Rest of MEA

Find more research reports on Plastics, Polymers & Resins Industry, by Grand View Research:

• Aerospace Plastics Market – The global recycled polyethylene terephthalate market size was valued at USD 7.34 billion in 2019. It is projected to register a CAGR of 7.9% during the forecast period.
• Food Packaging Market – Growing demand for packaged food by consumers owing to quickening pace of life and changing eating habits is expected to have a major impact on the market.
• Automotive Plastics Market – Global recovery in the automotive sector, improved vehicle design capabilities, and increasing focus on vehicle weight reduction and emission control are the key factors boosting the growth of the market for automotive plastics.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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