Recycled PET (r-PET) Bottles Market Size Was Valued at USD 2.96 Billion in 2023 and is Projected to Reach USD 5.91 Billion by 2032, Growing at a CAGR of 7.98% From 2024-2032
PET is used as a basic substance for the manufacturing of packaging materials. This PET material, which has been already applied for the packaging of food and non-food products is used for the production of bottles with the help of the recycling process is called Recycled PET (r-PET) bottles. In terms of type, recycled PET (r-PET) bottles are generally categorized into two types such as clear and colored. In addition, two types of methods that are used in the recycling process are mechanical and chemical. The mechanical recycling method is mainly used for PET recycling, whereas the chemical recycling method is still in the phase of development. Furthermore, the circular economy is of great interest for consumers, legislative bodies, and industry similar to allow sustainable growth.
Leading players involved in the Recycled PET (r-PET) Bottles Market includes:
Phoenix Technologies International LLC., PolyQuest, Verdeco Recycling, Portage Plastics, AL Mehtab Industries, UMA SCHREIBGERÄTE ULLMANN GMBH, Peninsula Plastics Recycling, ALPLA, Bantam Materials, Carbonlite Industries LLC, Clean Tech U.K. Ltd, Clear Path Recycling LLC, DuFor, Evergreen Plastics Inc., Indorama Ventures, Libolon, Marglen Industries, PLACON Corporation, UltrePET, Unifi Inc. and other major players.
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Segmentation of the Recycled PET (r-PET) Bottles Market
By Product Type
Pet Straps, Pet Staple Fiber, Pet Sheets or Films
By Source
Post-Consumer Pet, Post-Industrial Pet
By Application
Mono-Filaments, Packaging, Industrial Yarn, Strapping
By Region:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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