The global recycled polyethylene terephthalate market size was estimated at 8,491.4 Kilo Tons in 2016. Globally increasing consumption of beverage products and increasing application in non-food packaging is expected to be a key factor driving market growth.
Recycled-PET has properties to resist the growth of fungi, mold, and bacteria. Due to its versatile benefits, it is commonly used in packaging of food, beverage bottling, cosmetics, pharmaceuticals, and electronics. Recycling of post-consumer PET bottle consumes low energy as compared to production of PET bottle coupled with ease in bottle to bottle recycling is expected to grow the rPET market in the near future.
U.S. rPET market volume, by product, 2014 - 2025 (Kilo Tons)
Tax reliefs and financial assistance from governments in China, India, Vietnam, Indonesia, and Thailand have been driving recycling of bottles and containers, which has further prompted industry development in Asia. In addition, developed economies of the region such as Japan, South Korea and Singapore have been widely exporting their postconsumer PET waste to China, which stands as a major recycling center globally
Recycled polyethylene terephthalate flakes exhibit good thermal insulation and impact resistance while being cost-effective and energy conservative. Packaging companies across food & beverages industry are capitalizing on the realization of plastic recycling in western markets.
Factors such as increasing tourism, rising disposable incomes, and government actions to improve drinking water conditions will drive demand for bottled water across Asian and Latin American markets. As stated earlier, bottlers adopting rPET as the primary material would discover opportunities in these markets.
Clear rPET emerged as the leading product category and accounted for around 79% of the total revenue in 2016. The segment’s growth is highly dependent on trends across bottled beverages and packaging applications. Most manufacturers prefer clear granules or flakes due to reasons ranging from aesthetics to product performance.
Clear rPET end-use products help in maintaining the safety and delivery of the goods sold in the market because of easy detection of dissimilarity in the goods sold such as the change in color, fungus effect, any reaction due to storage conditions and others. Most of the dissimilarities found in products are solely caused due to its features and not because of the packaging which helps bottlers detect defects during the early stages of batch production.
Factors such as excellent strength and durability are expected to drive colored segment growth over the forecast period. The base of food containers and some non-food containers produced from colored rPET give structural strength which aids in extending storage time of goods. These products also offer lightness & flexibility when used for packaging purposes.
Furthermore, recent advances in colored rPET being used in producing fabric materials and clothing shall boost the segment growth over future course. Containers produced form colored rPET are flexible and can be molded, bent, curved and routed into certain complex shapes which makes it suitable over other materials.
The global demand for recycled-PET has seen a paradigm shift due to rising awareness among consumers. Fiber emerged as the largest end-use segment and accounted for over 44% of the total market revenue in 2016. These fiber materials are used in carpets, blankets, clothing and other textile applications.
Global rPET market volume by end-use, 2016 (%)
Government initiatives coupled with increased awareness about recycled plastics surged the demand for rPET products. The low production cost and favorable regulations are further aiding market penetration as a substitute to its conventional counterpart. In addition, global fiber production is estimated to increase at a rapid rate, which will in turn increase demand for recycling polyethylene terephthalate globally.
China, India, Japan and the U.S. are projected to account for the highest production due to cost benefits, export opportunities and population induced domestic demand. Lenient regulations in China and India shall also encourage foreign players to invest, thereby making the market more competitive.
Fiber was the largest segment in 2016, and is expected to continue its dominance by 2025 in terms of both volume and revenue. Various types of clothing materials such as t-shirts and jackets use fiber produced from recycled-PET. The fiber is also used in the manufacturing of automobile seat cover, sofa & chair seat cover, carpets and many more.
Microwave compatible containers are paving the way for sheets and films segment growth. Customers, in developed countries, actively seeking microwave compatible food containers shall be a major factor in driving the segment growth.
Asia Pacific accounted for over 50% of the overall market revenue in 2016, with China, India, Japan, and Indonesia being key contributors towards the region’s growth. The region is characterized by high demand for packed beverages (particularly carbonated drinks) and a large textile manufacturing industry.
China is the largest producer and consumer of recycled polyethylene terephthalate in the world. The country’s rapid urbanization is supported by strong economic opportunities in the manufacturing sector, which acts as a driving force for boosting both consumption and production.
Asia Pacific was followed by Europe which accounted for around 20% of the total volume in 2016. EU legislations and regulations that are aimed at encouraging sustainable business practices, development of eco-friendly materials, and reducing carbon footprint have been largely influential in the development plastic recycling industry; which further aided the regional industry growth.
The global industry is fragmented with the presence of small scale recyclers. Key market participants include Libolon, Ecostar Plastics (Placon), Zhejiang Anshun Pettechs Fibre Co. Ltd, Polyquest and Haiyan Haili Green Fiber Co., Ltd. Recycling rates and customized product offerings seem to be key parameters assessing companies. Capacity expansions and M&A’s are major determinants in evaluating the course of market consolidation.
Base year for estimation
Actual estimates/Historical data
2014 - 2016
2017 - 2025
Volume in Kilo Tons, revenue in USD Million and CAGR from 2017 to 2025
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
U.S., Canada, Germany, Spain, China, India, Brazil, Saudi Arabia
Revenue forecast, company share, competitive landscape, growth factors and trends
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Segments covered in the report
This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global Recycled PET market on the basis of product type, end-use and region:
Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
End-use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
Sheet and film
Food & beverage containers & bottle
Non-food containers & bottle
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
Middle East & Africa
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