Recycled Polyethylene Terephthalate Market_PPT
                     Recycled Polyethylene Terephthalate 
MARKET 2020
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Recycled Polyethylene Terephthalate MARKET 2020
Recycled Polyethylene Terephthalate Market 2020: Industry Survey, Growth, 
Competitive
Landscape and Forecasts to 2023
Market Research Future (MRFR)’s latest study reveals that the global recycled polyethylene terephthalate (RPET)market is poised 
to register a CAGR of 8.5% during the forecast period 2018 to 2023. In terms of revenue, the market is projected to grow from USD 
6,572.9 Mn in 2017 to USD 10,666.2 Mn by 2023-end. The growth of the market is highly dependent on the polyethylene 
terephthalate (PET) market. The recycling rate of PET is expected to improve over the next couple of years, thus, augmenting the 
recycled polyethylene terephthalate market. In terms of volume, the global recycled polyethylene terephthalate market is 
prognosticated to reach over 11 KT by the end of 2023 up from 7,684.3 KT in 2017. However, 20-22% loss is incurred during the 
manufacturing process which remains an impediment to the market expansion.
The demand for RPET fiber in the textile industry is anticipated to witness an upsurge as it shows no qualitative degradation after 
several recycling sessions. The growth of the textile industry is poised to boost the expansion of recycled polyethylene 
terephthalate market through the review period. Additionally, the extensive use of RPET in the food & beverage sector for 
packaging has intensified the market proliferation. Increase in working population, and disposable income has led to a shift 
towards ready-to-eat and packaged food products which is driving the demand for RPET.
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Recycled Polyethylene Terephthalate MARKET 2020
Market Segmentation:
MRFR’s report offers a detailed segmental analysis of the market based on type and application. By type, the market has been 
segmented into clear and colored. Among these, the clear segment holds a major share of the market as the colored RPET has to 
undergo a process that degrades its quality. The clear segment was valued at USD 4,203.6 Mn in 2017 and is expected to reach a 
value over USD 6 Mn by the end of 2023. The increasing demand from the packaging industry is likely to drive the growth of the 
clear segment in the forthcoming years.
By application, the market is based on fiber, sheet & film, strapping, food grade bottles & containers, non-food grade bottles & 
containers, and others. The fiber segment accounts for the maximum share of the market and is expected to exhibit healthy growth 
over the next few years. Its growth can be ascribed to the extensive use of polyester fiber in textile manufacturing.
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Recycled Polyethylene Terephthalate MARKET 2020
Regional Analysis
By region, the global recycled polyethylene terephthalate market has been segmented into North America, Europe, Asia Pacific, 
Latin America, and the Middle East & Africa. Asia Pacific currently accounts for 56% share of the market and is estimated to strike 
a relatively higher CAGR. The high recycling rate in Asian countries, especially China, Japan, and India are projected to accelerate 
revenue creation for the market players. For instance, according to a study published by National Chemical Laboratory (NCL), India 
recycles 90% of its polyethylene terephthalate, trailed by Japan which recycles 72% of its polyethylene terephthalate. India 
resonates strong growth opportunities and is emerging as an investment-centric market due to intensified textile production.
Europe is the second largest market for recycled polyethylene terephthalate and is forecasted to remain a highly lucrative market 
in the forthcoming years. Germany is the most promising country-level market and is estimated to reach a value of USD 510.8 Mn 
towards the end of the assessment period. The growth of Germany’s market can be ascribed to the extensive production and 
export of textiles. Additionally, the initiatives undertaken by the European Union (EU) for plastic waste recycling has further 
boosted the market growth in the region. The trend is likely to perpetuate during the projection period.
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ylene-terephthalate-market-5812
      
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Recycled Polyethylene Terephthalate MARKET 2020
Application & Major Players in this Research:
Recycled Polyethylene Terephthalate Market Prominent Players:
Some of the key players profiled in the report include Placon, Clear Path Recycling, Verdeco Recycling Inc., Indorama Ventures 
Public Company Limited, Zhejiang Anshun Pettechs Fiber Co., Ltd, PolyQuest, Evergreen Plastics, Montello S.p.A., Phoenix 
Technologies, M&G Chemicals, and LIBOLON
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