Market Overview:
The global recycled PET chips market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for recycled PET chips from various applications such as bottles, sheet, fiber and strapping. In terms of type, the clear chip segment is expected to hold a major share in the global recycled PET chips market during the forecast period. This can be attributed to its high transparency and glossiness which makes it suitable for use in various applications such as bottles and sheet.
Product Definition:
Recycled PET chips are small pieces of plastic that have been recycled from PET bottles. They are used in a variety of products, including textiles, carpets, and insulation. Recycled PET chips are important because they help reduce the amount of waste produced by plastic bottles and can be reused instead of being sent to a landfill.
Clear Chip:
The global clear chip market size was valued at USD 5.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for recyclable plastic products coupled with rising technological advancements in the industry.
The growing use of clear chips across various applications such as beverage caps, food packaging, toys & games, and electronics will propel market growth over the next few years.
Brown Chip:
The brown chip is a by-product of the plastic recycling process and it is primarily used to produce PET chips. The material that is not utilized for producing the chips can be recycled into many products such as carpets, toys, bottles, jars, containers among others. These materials are firstly processed through plastic recyclers who melt them and convert them into a liquid form that can be further molded or extruded to produce various products.
Application Insights:
The bottles application segment led the global recycled PET chips market in 2017. This is attributed to increasing demand for packaged drinking water, soft drinks, and other beverages across the globe. Recycled PET chips are used to make bottles for carbonated beverages such as soda and beer. The brown color of these chips indicates that they have been used for the production of beverage bottles.
The strapping application segment is expected to witness significant growth over the forecast period owing to its rising use in manufacturing pallet wraps, industrial belts, shopping bags, agricultural stretch wraps among others. Growing packaging industries across emerging economies such as India and China are anticipated to boost product demand from 2018-2030AD (YTD 2018).
Fiber emerged as another prominent segment due largely in part due its growing use in textile applications including yarn spinning.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of the regional market can be attributed to rising disposable income, increasing population, and growing demand for packaged food & beverages. China accounts for a major share in terms of consumption as well as production owing to factors such as low labor cost, easy availability of raw materials (rPET), and high demand from end-use industries such as electronics & electricals, packaging material etc.
The Asia Pacific is anticipated to grow at a CAGR exceeding 6% during the forecast period on account of rising product usage in industrial packing applications along with expanding medical sector across various countries including India, Japan, Thailand among others will drive industry expansion over next eight years. In addition there has been an increase in foreign investments coupled with favorable government policies aimed at promoting domestic manufacturing output which will further propel industry development during the same period.
Growth Factors:
- Increasing demand from beverage and food packaging industry: The recycled PET chips market is majorly driven by the increasing demand for recyclable materials from the beverage and food packaging industry. Recycled PET chips are used in various applications such as bottles, cups, trays, and other food containers.
- Rising environmental awareness among consumers: There has been a significant rise in the number of consumers who are aware of the benefits of recycling plastic waste products. This is driving the demand for recycled PET chips as they can be reused to produce new products without causing any harm to the environment.
- Proliferation of e-commerce sector: The growth of e-commerce sector has led to an increase in online orders for packaged goods which is subsequently fueling the demand for recyclable materials such as recycled PET chips.
- Technological advancements in recycling processes: The technological advancements have made it easier to recycle plastic waste products into reusable raw materials such as recycled PET chips thereby reducing wastage and promoting sustainable development practices worldwide .This is likely to boost growth prospects of this market during forecast period . 5) Stringent government regulations on use of non-recycled plastics : Governments across various countries are implementing stringent regulations on use or non-recycled plastics with an aim reduce environmental pollution levels .This will create opportunities for players operating in this market over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Recycled PET Chips Market Research Report
By Type
Clear Chip, Brown Chip, Green Chip, Blue Chip, Other
By Application
Bottles, Sheet, Fiber, Strapping
By Companies
Clean Tech Incorporated, Clear Path Recycling, Mohawk Industries Incorporated, CarbonLite Industries, Greentech, Visy, Evergreen Plastics, Extrupet, PolyQuest, Phoenix Technologies, Verdeco Recycling, 4PET RECYCLING BV, Far Eastern Group, Kyoei Industry, Wellpine Plastic Industical, Lung Shing International, Longfu Recycling Energy Scientech, Suzhou Jiulong Recy & Tech
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Recycled PET Chips Market Report Segments:
The global Recycled PET Chips market is segmented on the basis of:
Types
Clear Chip, Brown Chip, Green Chip, Blue Chip, Other
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, Sheet, Fiber, Strapping
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:
- Clean Tech Incorporated
- Clear Path Recycling
- Mohawk Industries Incorporated
- CarbonLite Industries
- Greentech
- Visy
- Evergreen Plastics
- Extrupet
- PolyQuest
- Phoenix Technologies
- Verdeco Recycling
- 4PET RECYCLING BV
- Far Eastern Group
- Kyoei Industry
- Wellpine Plastic Industical
- Lung Shing International
- Longfu Recycling Energy Scientech
- Suzhou Jiulong Recy & Tech
Highlights of The Recycled PET Chips 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 Chip
- Brown Chip
- Green Chip
- Blue Chip
- Other
- By Application:
- Bottles
- Sheet
- Fiber
- Strapping
- 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 Recycled PET Chips 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.
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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?
Recycled PET chips are made from plastic that has been recycled. The chips are made by crushing the plastic into small pieces and then boiling it until it is melted.
Some of the major companies in the recycled pet chips market are Clean Tech Incorporated, Clear Path Recycling, Mohawk Industries Incorporated, CarbonLite Industries, Greentech, Visy, Evergreen Plastics, Extrupet, PolyQuest, Phoenix Technologies, Verdeco Recycling, 4PET RECYCLING BV, Far Eastern Group, Kyoei Industry, Wellpine Plastic Industical, Lung Shing International, Longfu Recycling Energy Scientech, Suzhou Jiulong Recy & Tech.
The recycled pet chips market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Recycled PET Chips Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Recycled PET Chips Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Recycled PET Chips Market - Supply Chain
4.5. Global Recycled PET Chips Market Forecast
4.5.1. Recycled PET Chips Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Recycled PET Chips Market Size (000 Units) and Y-o-Y Growth
4.5.3. Recycled PET Chips Market Absolute $ Opportunity
5. Global Recycled PET Chips Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Recycled PET Chips Market Size and Volume Forecast by Type
5.3.1. Clear Chip
5.3.2. Brown Chip
5.3.3. Green Chip
5.3.4. Blue Chip
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Recycled PET Chips Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Recycled PET Chips Market Size and Volume Forecast by Application
6.3.1. Bottles
6.3.2. Sheet
6.3.3. Fiber
6.3.4. Strapping
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Recycled PET Chips Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Recycled PET Chips Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Recycled PET Chips Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Recycled PET Chips Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Recycled PET Chips Demand Share Forecast, 2019-2029
9. North America Recycled PET Chips Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Recycled PET Chips Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Recycled PET Chips Market Size and Volume Forecast by Application
9.4.1. Bottles
9.4.2. Sheet
9.4.3. Fiber
9.4.4. Strapping
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Recycled PET Chips Market Size and Volume Forecast by Type
9.7.1. Clear Chip
9.7.2. Brown Chip
9.7.3. Green Chip
9.7.4. Blue Chip
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Recycled PET Chips Demand Share Forecast, 2019-2029
10. Latin America Recycled PET Chips Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Recycled PET Chips Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Recycled PET Chips Market Size and Volume Forecast by Application
10.4.1. Bottles
10.4.2. Sheet
10.4.3. Fiber
10.4.4. Strapping
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Recycled PET Chips Market Size and Volume Forecast by Type
10.7.1. Clear Chip
10.7.2. Brown Chip
10.7.3. Green Chip
10.7.4. Blue Chip
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Recycled PET Chips Demand Share Forecast, 2019-2029
11. Europe Recycled PET Chips Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Recycled PET Chips Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Recycled PET Chips Market Size and Volume Forecast by Application
11.4.1. Bottles
11.4.2. Sheet
11.4.3. Fiber
11.4.4. Strapping
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Recycled PET Chips Market Size and Volume Forecast by Type
11.7.1. Clear Chip
11.7.2. Brown Chip
11.7.3. Green Chip
11.7.4. Blue Chip
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/rowth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Recycled PET Chips Demand Share, 2019-2029
12. Asia Pacific Recycled PET Chips Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Recycled PET Chips Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Recycled PET Chips Market Size and Volume Forecast by Application
12.4.1. Bottles
12.4.2. Sheet
12.4.3. Fiber
12.4.4. Strapping
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Recycled PET Chips Market Size and Volume Forecast by Type
12.7.1. Clear Chip
12.7.2. Brown Chip
12.7.3. Green Chip
12.7.4. Blue Chip
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Recycled PET Chips Demand Share, 2019-2029
13. Middle East & Africa Recycled PET Chips Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Recycled PET Chips Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Recycled PET Chips Market Size and Volume Forecast by Application
13.4.1. Bottles
13.4.2. Sheet
13.4.3. Fiber
13.4.4. Strapping
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Recycled PET Chips Market Size and Volume Forecast by Type
13.7.1. Clear Chip
13.7.2. Brown Chip
13.7.3. Green Chip
13.7.4. Blue Chip
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Recycled PET Chips Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Recycled PET Chips Market: Market Share Analysis
14.2. Recycled PET Chips Distributors and Customers
14.3. Recycled PET Chips Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Clean Tech Incorporated
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Clear Path Recycling
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mohawk Industries Incorporated
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. CarbonLite Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Greentech
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Visy
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Evergreen Plastics
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Extrupet
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. PolyQuest
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Phoenix Technologies
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Verdeco Recycling
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. 4PET RECYCLING BV
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Far Eastern Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Kyoei Industry
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Wellpine Plastic Industical
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Lung Shing International
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Longfu Recycling Energy Scientech
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Suzhou Jiulong Recy & Tech
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
