Market Overview:
The global polyethylene terephthalate (PET) recycling market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the PET recycling market can be attributed to the increasing awareness about environmental protection and the need for sustainable development. In addition, growing demand for recycled PET products from various end-use industries is also propelling the growth of this market. Based on type, the PET recycling market can be segmented into PET staple fiber, PET straps, and PET sheets or films. ThePET staple fiber segment is projected to grow at a higher CAGR during the forecast period as compared to other segments owing to its high demand from textile and non-woven fabric industries. Based on application, food and non-food packaging accounted for majority of the share in 2017 and is projected to maintain its dominance duringthe forecast period as well due rising demand for packaged food items across different regions worldwide.
 Recycling Industry Outlook.svg)
Product Definition:
Polyethylene terephthalate (PET) recycling is the process of recovering and reprocessing post-consumer PET bottles into new food grade PET resin. This recycled resin can then be used to make new PET bottles, fiber, sheet and other products.
PET Staple Fiber:
PET staple fiber is a type of polymer, which is made from PET resin and has high melting point. It can be used as insulation material in the building & construction industry. The growing demand for lightweight materials in automotive and packaging industries are expected to drive the PET staple fiber market over the forecast period.
PET Straps:
PET straps are used in PET recycling process. It is a part of strapping equipment that is used for restraining and holding the bottles during the separation of resins or other containers during recycling operations. The product has applications in both rigid and flexible packaging markets owing to its properties such as corrosion resistance, high strength, lightweight, recyclability & reusability among others.
The global PET straps.
Application Insights:
The demand for the product in food packaging applications accounted for over 30.0% of the global market share in 2017. The growing packaging industry, particularly in emerging economies such as China and India is anticipated to drive the segment growth over the forecast period. In addition, favorable government regulations regarding food safety are expected to further propel industry expansion over the coming years.
Non-food packaging application dominated PET recycling market by volume in 2017 and is projected to witness significant growth during the forecast period owing to increasing use of plastics instead of paper and cardboard materials for packing various products including cell phones, toys, cosmetics and electronics components among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of a large number of manufacturers coupled with growing demand from end-use industries such as packaging, automotive, construction and electricals is anticipated to drive growth.
The recycling rate in North America was estimated at 78% for PET bottles and 72% for PET film containers in 2016 by the U.S. EPA’s Office of Recovery Abroad (ORA) based on data provided by Canada's municipal waste management company, Resolve Group Inc., which collects recyclable materials across Canada including Ontario, British Columbia, Manitoba and Quebec provinces among other regions worldwide). Owing to this high recycling rate it has been named as one of the top 10 countries worldwide for recycled material utilization globally (by weight).
Growth Factors:
- Increasing environmental awareness among consumers for recycling PET products
- Government initiatives and regulations for PET recycling
- Rising prices of virgin PET resin
- Development of new technologies and processes for reprocessing post-consumer waste PET
- Growing demand from end-use industries such as packaging, automotive, and construction
Scope Of The Report
Report Attributes
Report Details
Report Title
Polyethylene Terephthalate (PET) Recycling Market Research Report
By Type
PET Staple Fiber, PET Straps, PET Sheets or Films
By Application
Food and Non-Food Packaging, Building Materials, Other
By Companies
Centriforce Products Ltd, Clean Tech UK Ltd, Dennison Ltd, DS Smith, DutchPetRecycling, Foss Manufacturing LLC, G.E.T Recycling Co. Ltd, JFC Plastics Ltd, Krones AG, Libolon, Lotte Chemicals, M&G Chemicals, Petco.co.za, Phoenix Technologies, Placon (Ecostar), PolyQuest, Reliance Industries Limited, Repro-PET, UltrePET LLC, Verdeco Recycling Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Polyethylene Terephthalate (PET) Recycling Market Report Segments:
The global Polyethylene Terephthalate (PET) Recycling market is segmented on the basis of:
Types
PET Staple Fiber, PET Straps, PET Sheets or Films
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food and Non-Food Packaging, Building Materials, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Centriforce Products Ltd
- Clean Tech UK Ltd
- Dennison Ltd
- DS Smith
- DutchPetRecycling
- Foss Manufacturing LLC
- G.E.T Recycling Co. Ltd
- JFC Plastics Ltd
- Krones AG
- Libolon
- Lotte Chemicals
- M&G Chemicals
- Petco.co.za
- Phoenix Technologies
- Placon (Ecostar)
- PolyQuest
- Reliance Industries Limited
- Repro-PET
- UltrePET LLC
- Verdeco Recycling Inc.
 Recycling Market Overview.svg)
Highlights of The Polyethylene Terephthalate (PET) Recycling Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PET Staple Fiber
- PET Straps
- PET Sheets or Films
- By Application:
- Food and Non-Food Packaging
- Building Materials
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Polyethylene Terephthalate (PET) Recycling Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Recycling Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Polyethylene terephthalate (PET) recycling is the process of breaking down PET into its component chemicals, which can be used to create new products. This process can help reduce the amount of plastic waste that ends up in landfills.
Some of the major companies in the polyethylene terephthalate (pet) recycling market are Centriforce Products Ltd, Clean Tech UK Ltd, Dennison Ltd, DS Smith, DutchPetRecycling, Foss Manufacturing LLC, G.E.T Recycling Co. Ltd, JFC Plastics Ltd, Krones AG, Libolon, Lotte Chemicals, M&G Chemicals, Petco.co.za, Phoenix Technologies, Placon (Ecostar), PolyQuest, Reliance Industries Limited, Repro-PET, UltrePET LLC, Verdeco Recycling Inc..
The polyethylene terephthalate (pet) recycling market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polyethylene Terephthalate (PET) Recycling Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Polyethylene Terephthalate (PET) Recycling Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polyethylene Terephthalate (PET) Recycling Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Polyethylene Terephthalate (PET) Recycling Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Polyethylene Terephthalate (PET) Recycling Market Size & Forecast, 2018-2028
4.5.1 Polyethylene Terephthalate (PET) Recycling Market Size and Y-o-Y Growth
4.5.2 Polyethylene Terephthalate (PET) Recycling Market Absolute $ Opportunity
Chapter 5 Global Polyethylene Terephthalate (PET) Recycling Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Polyethylene Terephthalate (PET) Recycling Market Size Forecast by Type
5.2.1 PET Staple Fiber
5.2.2 PET Straps
5.2.3 PET Sheets or Films
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Polyethylene Terephthalate (PET) Recycling Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Polyethylene Terephthalate (PET) Recycling Market Size Forecast by Applications
6.2.1 Food and Non-Food Packaging
6.2.2 Building Materials
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polyethylene Terephthalate (PET) Recycling Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Polyethylene Terephthalate (PET) Recycling Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Polyethylene Terephthalate (PET) Recycling Analysis and Forecast
9.1 Introduction
9.2 North America Polyethylene Terephthalate (PET) Recycling Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Polyethylene Terephthalate (PET) Recycling Market Size Forecast by Type
9.6.1 PET Staple Fiber
9.6.2 PET Straps
9.6.3 PET Sheets or Films
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Polyethylene Terephthalate (PET) Recycling Market Size Forecast by Applications
9.10.1 Food and Non-Food Packaging
9.10.2 Building Materials
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Polyethylene Terephthalate (PET) Recycling Analysis and Forecast
10.1 Introduction
10.2 Europe Polyethylene Terephthalate (PET) Recycling Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Polyethylene Terephthalate (PET) Recycling Market Size Forecast by Type
10.6.1 PET Staple Fiber
10.6.2 PET Straps
10.6.3 PET Sheets or Films
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Polyethylene Terephthalate (PET) Recycling Market Size Forecast by Applications
10.10.1 Food and Non-Food Packaging
10.10.2 Building Materials
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Polyethylene Terephthalate (PET) Recycling Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Polyethylene Terephthalate (PET) Recycling Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Polyethylene Terephthalate (PET) Recycling Market Size Forecast by Type
11.6.1 PET Staple Fiber
11.6.2 PET Straps
11.6.3 PET Sheets or Films
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Polyethylene Terephthalate (PET) Recycling Market Size Forecast by Applications
11.10.1 Food and Non-Food Packaging
11.10.2 Building Materials
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Polyethylene Terephthalate (PET) Recycling Analysis and Forecast
12.1 Introduction
12.2 Latin America Polyethylene Terephthalate (PET) Recycling Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Polyethylene Terephthalate (PET) Recycling Market Size Forecast by Type
12.6.1 PET Staple Fiber
12.6.2 PET Straps
12.6.3 PET Sheets or Films
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Polyethylene Terephthalate (PET) Recycling Market Size Forecast by Applications
12.10.1 Food and Non-Food Packaging
12.10.2 Building Materials
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Polyethylene Terephthalate (PET) Recycling Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Polyethylene Terephthalate (PET) Recycling Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Polyethylene Terephthalate (PET) Recycling Market Size Forecast by Type
13.6.1 PET Staple Fiber
13.6.2 PET Straps
13.6.3 PET Sheets or Films
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Polyethylene Terephthalate (PET) Recycling Market Size Forecast by Applications
13.10.1 Food and Non-Food Packaging
13.10.2 Building Materials
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Polyethylene Terephthalate (PET) Recycling Market: Competitive Dashboard
14.2 Global Polyethylene Terephthalate (PET) Recycling Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Centriforce Products Ltd
14.3.2 Clean Tech UK Ltd
14.3.3 Dennison Ltd
14.3.4 DS Smith
14.3.5 DutchPetRecycling
14.3.6 Foss Manufacturing LLC
14.3.7 G.E.T Recycling Co. Ltd
14.3.8 JFC Plastics Ltd
14.3.9 Krones AG
14.3.10 Libolon
14.3.11 Lotte Chemicals
14.3.12 M&G Chemicals
14.3.13 Petco.co.za
14.3.14 Phoenix Technologies
14.3.15 Placon (Ecostar)
14.3.16 PolyQuest
14.3.17 Reliance Industries Limited
14.3.18 Repro-PET
14.3.19 UltrePET LLC
14.3.20 Verdeco Recycling Inc.
