Global Demand For Recycled PET Flakes Market Size/Share Expected To Grow USD 25.47 Billion By 2032, At 10.7% CAGR Rise: Polaris Market Research
[115-page research study] According to Polaris market research, the market value and market share of flexible recycled PET reached USD 9.28 billion in 2022 and is expected to grow at a CAGR of 10.7% to USD 25.47 billion by the year. 2032. The growing food and beverage industry in different parts of the world is expected to become the market driver during the period due to the increase in domestic consumption. Some of the major players covered are Clear Path Recycling, Verde Co Recycling, Indorama Ventures Public, Poly Quest, Bifa, GSM Plastics, RCS Entsorgong, Tomra Systems and others.
NEW YORK, NY, March 10, 2023 (GLOBE NEWSWIRE) -- Polaris Market Research has released a new research report : "Recycled Linen Market Share, Volume, Trends, Industry Analysis Report, Manufacturer (Light, Colored), to End. ." It has uses (fibers, papers, films, papers, food and beverage bottles and containers); by region; Segment Forecast, 2023 - 2032" in its research database.
According to a recent study, the recycled PET flake market value/share is expected to be around $9.28 billion in 2022 and is projected to reach around $25.47 billion by 2032, at a CAGR of around 10.77. % between 2023 and 2032.
What are recycled PET flakes? What is the recycled PET flake market size and share?
Manufacturers can use PET bottles as recycled raw materials, food and beverage packaging, personal care products and many other consumer products. PET is polyethylene terephthalate, which is a form of polyester. The growing demand for recycled PET flakes in the market can be attributed to the increasing use of plastics, both for industry and consumption. Manufacturers use PET bottle flakes as a raw material for many products that would otherwise be made of polyester.
The growth of this segment can be attributed to the strong development of food and beverages, home appliances and personal care products sub-sectors. Recycled PET flakes are used in fibers to make various garments such as T-shirts and jackets. It is also used to make car seats, sofa covers, chairs, rugs and much more.
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Our regular reports may include:
Updated report 2032 industry overview and in-depth analysis.
Research report of over 115 pages (including recent research).
Provides chapter-by-chapter guidance upon request.
Updated regional analysis with graphical representation of volume, share and trends to 2023
Includes updated list of tables and figures.
The updated report includes the leading market players with their business strategies, sales volume, and revenue analysis.
Key insights included in the market report
A comprehensive view of the market.
Explain the dynamics of the market.
Value chain analysis for market capitalization reports.
Overview of market segmentation.
Overview of regional market trend analysis.
Some of the major players in the market are:
Clear the recycling path
green recycling company
Indorama Ventures Public
Polly Quest
beer
GSM plastic
RCS Corporation
Tomra system
polyvin
Veolia Umweltservice
I love Polyflex
Pashupati Politics
United States
belly
Langing Jaya team
Durable plastic
For more information on key players, download PDF brochure here: https://www.polarismarketresearch.com/industry-analysis/recycled-pet-flakes-market/request-for-sample
Key market growth factors
Rapid change in consumer behavior for sustainability with stringent government regulations and growing demand for rPET, especially from the food and beverage industry, are the major factors driving the market. The size of the recycled PET flake market is expanding rapidly due to its many properties such as durability, adaptability, environmental friendliness and endless recyclability in the food, beverage and textile industries.
Recycled PET materials are lightweight and lower transportation costs and lower energy consumption during product manufacturing. Market sales of recycled PET flake are growing because the material provides effective break protection for products inside PET packaging. According to COCA-COLA HBC Switzerland, reducing the amount of packaging material has reduced the weight of the 450ml bottle from 22.7 to 19.5 grams.
The latest trend affects the market
The demand for electric vehicles in the United States is increasing to stimulate the market
The US recycled PET market is expected to witness significant growth in the coming years due to the increasing demand for electric vehicles in the US. This should increase the need for lightweight and durable plastics to increase efficiency.
Various major market players are involved in strategic mergers and acquisitions, joint ventures and new product development to expand their presence in the global market. In recent years, joint ventures have been a part of the rPET Flex industry, allowing market players to strengthen their position in the global market.
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split assessment
In terms of products, the light segment is expected to show the fastest growth. The market demand for recycled PET flake is increasing, such as ease of bottle-to-bottle recycling, reduced carbon footprint and reduced energy consumption during recycling. Demand for recycled products is high in consumer goods, personal care, pharmaceuticals and cosmetics.
Based on end-use, the non-food bottles and containers segment accounts for the largest market share. Market trends for recycled flexible PET include lower production and material costs, user-friendly features such as accurate content measurement by squeezing into flexible containers, and high recyclability with an attractive final product appearance. As in the beverage industry, it has moved to PET packaging for household items, cosmetics, personal care products, cleaning products and chemicals.
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Flexible Recycled Animals Market: Scope of the Report
relational characteristics | the details |
Revenue forecast in 2032 | 25,470 billion dollars |
Market size value in 2023 | 10,240 billion dollars |
Expected growth at a compound annual growth rate | 10.7% from 2023 to 2032 |
Reference year | 2021 |
expected year | 2023-2032 |
The best players in the market | Clear Path Recycling, Verde Co Recycling, Indorama Ventures Public, Poly Quest, Bifa, GSM Plastics, RCS Entsorgong, Tomra Systems, Polyvim, Veolia Umweltservice, Amani Polyflakes, Pashupati Polytex, Allen USA, Rohsam Group, Ingen, Eng, |
The covered part | By product, by end use, by region |
Customization options | Custom shopping options are available to meet any research need. Explore personal shopping options |
Geographical perspective
The Asia Pacific region holds the largest market share for recycled flexible PET due to increasing investments in recycling in the region due to the presence of major food and beverage industries in the region. China is the largest producer of rPET flakes, and Japan is one of the Asia-Pacific countries with the most regulations regarding the use of recycled PET flakes.
Europe is expected to witness steady revenue growth during the study period. The European market is being boosted by the rapid adoption of food contact recycled PET paper materials. Innovative packaging is one of the key drivers of food ingredient market growth. Sometimes the cost of waste is higher than recycling PET flakes in Europe.
Browse the detailed report “Recycled Soft PET Market Share, Size, Trends, Industry Analysis Report, by Product (Clean, Colored), by End Use (Fibers, Papers & Films, Interlinings, Bottles & Packaging by Food & Beverage); By Region; Segment Forecast, 2023 - 2032" with a detailed summary: https://www.polarismarketresearch.com/industry-analysis/recycled-pet-flakes-market
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Recent developments
In December 2022, Coca-Cola teamed up with Mark Ronson and Madlib to launch "Recycled Records".
In December 2022, Tupperware and the National Park Foundation announced a partnership to reduce waste throughout the National Park System. Through this partnership, they have reduced single-use plastic waste by installing water bottle filling stations, recycling and composting infrastructure and informative signage.
Common questions
Who are the notable companies driving the market?
What are the main industry regulations that influence the development of the industry?
Which is the most advanced country in the sector?
What type of application or product will achieve greater development potential during the forecast period?
What is the expected growth rate of the market in the previous period?
Polaris Market Research has segmented the recycled pet flex market report by product, end use, and region:
the product's point of view
Finally use Outlook
According to the regional perspective
North America (United States and Canada)
Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
Asia Pacific (Japan, China, India, Malaysia, Indonesia and South Korea)
Latin America (Brazil, Mexico and Argentina)
Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel and South Africa)
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About Polaris Market Research
Polaris Market Research is a global market research and consulting firm. The company provides unparalleled business intelligence and in-depth business research services to PMR clients in a variety of industries. At Polaris, we are committed to serving a diverse PMR customer base in the diverse healthcare, technology, semiconductor and chemical industries. We strive to provide PMR clients with up-to-date information on innovative technologies, high-growth markets, emerging business environments and the latest business-driven applications, always helping them make informed decisions and exploit new opportunities. Comprised of a highly skilled, experienced and skilled team of SMEs, analysts and consultants, Polaris is committed to providing value-added business solutions to PMR clients.
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