Market Overview:
The global rPET pellets market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for recycled PET products and rising awareness about environmental conservation. The global rPET pellets market is segmented on the basis of type, application, and region. On the basis of type, it is divided into clear pellet and color pellet. Clear pellet dominates the global rPET pellets market with a share of more than 60%. This can be attributed to its high clarity and gloss which makes it ideal for use in food-grade applications such as bottles and fiber applications such as textiles, carpets, etc. Color pellet is used mainly in non-food grade applications such as strapping bandages due to its superior strength over clear PET pellets. On the basis of application, bottles account for majority share in terms of revenue followed by fiber and strapping applications respectively. Bottles are mainly used for packaging carbonated drinks whereas fiber finds major application in textile industry across various geographies owing to stringent government regulations related to environment conservation coupled with rising consumer awareness about using recycled products instead virgin materials . Strapping accounts for significant revenue share due only marginally higher unit consumption rates when compared with other end user segments; however this segment offers higher margins owing low production costs associated with recycling process .
Product Definition:
rPET Pellets are recycled PET flakes that have been melted and formed into pellets. rPET Pellets can be used in a variety of ways, including manufacturing new PET products, filling other materials with rPET to improve their recycling rates, or using them as fuel.
Clear Pellet:
Clear pellet is a type of plastic that contains no additives and can be recycled into many products such as films, bottles, containers and fibers. It has high mechanical strength, tensile strength & thermal stability which makes it an ideal material for manufacturing various types of rPET pellets. The growing demand for sustainable materials in the packaging industry coupled with increasing concerns regarding the disposal of conventional plastics is expected to drive clear pellet growth over the forecast period.
Color Pellet:
The color pellet is the solid portion of rPET and it's used in manufacturing pellets for resins. The color pellet consists of carbon-rich organic compounds, such as a higher amount of pigment and lower amount of carbon fibers. The high content level of pigment results in increased density, whereas low content level results in decreased density.
The major raw materials utilized to produce the color pellets include phenol formaldehyde resin, which is manufactured from phenol & formaldehyde.
Application Insights:
Strapping application dominated the global rPET pellets market in terms of revenue share in 2017. The strapping application is expected to witness significant growth over the forecast period on account of increasing demand for corrugated boxes and pallets from various industries such as food & beverages, consumer goods, and industrial packaging.
rPET fiber is widely used in textile applications including apparel, footwear, sportswear, etc. Increasing demand for lightweight fashion clothing coupled with rising disposable income has resulted in growing textile industry across the globe which is further anticipated to augment rPET fiber consumption over the forecast period.
Other applications include films & sheets (both flexible.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand for PET-based products from various end-use industries, such as packaging, automotive, and construction. China is one of the largest producers of rPET pellets owing to easy availability of raw materials coupled with low manufacturing cost compared to other countries.
The growing population in Asia Pacific has led to an increase in housing needs which has resulted into increased demand for corrugated boxes; thereby driving industry growth over the forecast period. Europe accounted for a significant share due high consumption of cigarettes and alcoholic beverages that require strong wrapping material thus contributing significantly towards industry growth over the past few years.
Growth Factors:
- Increasing demand from beverage and food packaging industry: The global rPET pellets market is majorly driven by the increasing demand from the beverage and food packaging industry. Beverage and food packaging manufacturers are increasingly using rPET pellets to manufacture PET containers as they are environment-friendly, durable, and have a high resistance to heat. This is expected to drive the growth of the global rPET pellets market in the coming years.
- Rising awareness about environmental benefits of rPET: There has been a rise in awareness among consumers about the environmental benefits of using recycled PET products such as rPET pellets. Consumers are now preferring products that are made from recycled materials as they help reduce landfill waste and conserve energy resources. This is expected to drive the growth of the global rPET pellets market in future years.
Scope Of The Report
Report Attributes
Report Details
Report Title
rPET Pellets Market Research Report
By Type
Clear Pellet, Color Pellet
By Application
Bottles, Fiber, Strapping, Others
By Companies
Wellman International, Evergreen Plastics, Clean Tech Incorporated, CarbonLite Industries, Greentech, Visy, Greenpath Recovery, DAK Americas, Phoenix Technologies, Wellman International
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global rPET Pellets Market Report Segments:
The global rPET Pellets market is segmented on the basis of:
Types
Clear Pellet, Color Pellet
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
Bottles, Fiber, Strapping, Others
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:
- Wellman International
- Evergreen Plastics
- Clean Tech Incorporated
- CarbonLite Industries
- Greentech
- Visy
- Greenpath Recovery
- DAK Americas
- Phoenix Technologies
- Wellman International
Highlights of The rPET Pellets 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:
- Clear Pellet
- Color Pellet
- By Application:
- Bottles
- Fiber
- Strapping
- Others
- 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 rPET Pellets 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
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?
rPET Pellets are a type of PET plastic that is made from recycled polyethylene terephthalate (PET). rPET Pellets are often used in products such as beverage containers and food packaging.
Some of the major companies in the rpet pellets market are Wellman International, Evergreen Plastics, Clean Tech Incorporated, CarbonLite Industries, Greentech, Visy, Greenpath Recovery, DAK Americas, Phoenix Technologies, Wellman International.
The rpet pellets 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 rPET Pellets 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 rPET Pellets Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 rPET Pellets 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 rPET Pellets 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 rPET Pellets Market Size & Forecast, 2018-2028
4.5.1 rPET Pellets Market Size and Y-o-Y Growth
4.5.2 rPET Pellets Market Absolute $ Opportunity
Chapter 5 Global rPET Pellets 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 rPET Pellets Market Size Forecast by Type
5.2.1 Clear Pellet
5.2.2 Color Pellet
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global rPET Pellets 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 rPET Pellets Market Size Forecast by Applications
6.2.1 Bottles
6.2.2 Fiber
6.2.3 Strapping
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global rPET Pellets 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 rPET Pellets 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 rPET Pellets Analysis and Forecast
9.1 Introduction
9.2 North America rPET Pellets 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 rPET Pellets Market Size Forecast by Type
9.6.1 Clear Pellet
9.6.2 Color Pellet
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 rPET Pellets Market Size Forecast by Applications
9.10.1 Bottles
9.10.2 Fiber
9.10.3 Strapping
9.10.4 Others
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 rPET Pellets Analysis and Forecast
10.1 Introduction
10.2 Europe rPET Pellets 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 rPET Pellets Market Size Forecast by Type
10.6.1 Clear Pellet
10.6.2 Color Pellet
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 rPET Pellets Market Size Forecast by Applications
10.10.1 Bottles
10.10.2 Fiber
10.10.3 Strapping
10.10.4 Others
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 rPET Pellets Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific rPET Pellets 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 rPET Pellets Market Size Forecast by Type
11.6.1 Clear Pellet
11.6.2 Color Pellet
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 rPET Pellets Market Size Forecast by Applications
11.10.1 Bottles
11.10.2 Fiber
11.10.3 Strapping
11.10.4 Others
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 rPET Pellets Analysis and Forecast
12.1 Introduction
12.2 Latin America rPET Pellets 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 rPET Pellets Market Size Forecast by Type
12.6.1 Clear Pellet
12.6.2 Color Pellet
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 rPET Pellets Market Size Forecast by Applications
12.10.1 Bottles
12.10.2 Fiber
12.10.3 Strapping
12.10.4 Others
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) rPET Pellets Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) rPET Pellets 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) rPET Pellets Market Size Forecast by Type
13.6.1 Clear Pellet
13.6.2 Color Pellet
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) rPET Pellets Market Size Forecast by Applications
13.10.1 Bottles
13.10.2 Fiber
13.10.3 Strapping
13.10.4 Others
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 rPET Pellets Market: Competitive Dashboard
14.2 Global rPET Pellets Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wellman International
14.3.2 Evergreen Plastics
14.3.3 Clean Tech Incorporated
14.3.4 CarbonLite Industries
14.3.5 Greentech
14.3.6 Visy
14.3.7 Greenpath Recovery
14.3.8 DAK Americas
14.3.9 Phoenix Technologies
14.3.10 Wellman International
