GVR Report cover Recycled Polyethylene Terephthalate Market Size, Share & Trends Report

Recycled Polyethylene Terephthalate Market Size, Share & Trends Analysis Report By Product (Clear, Colored), By End Use (Fiber, Food & Beverage Containers & Bottles), By Region, And Segment Forecasts, 2021 - 2028

  • Published Date: May, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-1-68038-938-8
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2019
  • Number of Pages: 116

Report Overview

The global recycled polyethylene terephthalate market size was valued at USD 8.56 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.7% from 2021 to 2028. The market growth is primarily driven by changing consumer behavior towards sustainability. In addition, a ban on landfills introduced in several developed countries in North America and Europe is likely to drive the product demand over the forecast period. The primary factor driving Recycled Polyethylene Terephthalate (rPET) demand in North America is its broad application scope in several key application industries, such as FMCG, consumer goods, clothing & textile, and automotive. Various government initiatives regarding the recycling of plastics coupled with high investments have resulted in a decent rPET market in the region.

U.S. recycled polyethylene terephthalate market size

Despite significant investments, most post-consumer PET bottles are majorly exported to Southeast Asian countries for recycling and then re-imported to the respective country in North America in the form of new bottles produced from recycled PET. According to the World Economic Forum, the outbreak of COVID-19 has made plastic waste management and recycling more complex as the demand for single-use Personal Protective Equipment (PPE) has increased.

The mismanagement of infectious plastic waste is posing a major challenge to plastic recycling. Initiatives such as How2Recycle by GreenBlue, a non-profit environmental organization working toward spreading awareness about the recycling process, its benefits, and impact on the environment, will support market growth. In addition, GreenBlue is working with over 220 companies and providing sustainable packaging designs.

Product Insights

The clear product segment led the global market in 2020 and accounted for a revenue share of over 76%. The segment will retain the leading position expanding at a steady CAGR from 2021 to 2028. Low energy requirements and ease of bottle-to-bottle recycling are expected to drive the demand for clear recycled PET over the forecast period. In addition, clear rPET is highly durable, lightweight, non-reactive, and shatterproof.

It is widely used in food and non-food applications due to the low cost of processing associated with it. Most manufacturers prefer clear granules or flakes to produce containers and bottles, as opposed to opaque or colored PET. In addition, clear rPET helps detect changes in the products inside, such as changes in color, fungal growth, and chemical reaction.

On the other hand, the colored PET segment is estimated to register the fastest CAGR from 2021 to 2028 due to a rise in demand for these products over the past few years as a result of various packaging and bottle manufacturers trying to differentiate their products with eye-pleasing colors. However, the use and disposal of colored PET bottles have been facing significant barriers in major European countries like Germany, Norway, and Sweden due to difficulties in their recycling, which may hinder segment growth to some extent.

End-use Insights

Fiber was the dominant application segment that accounted for over 44% of the global revenue share in 2020. The segment will expand further at a steady CAGR from 2021 to 2028, retaining the leading position. High demand from the FMCG, consumer goods, automobiles, clothing & accessories, textile, telecom, and home furnishing sectors is contributing to the growth of the market. Fiber is predominantly used for making mattresses, cushions, car seating, and even insulation products. Various types of clothing, such as t-shirts and jackets, use fiber produced from recycled PET.

It is also used in the manufacturing of automobile seat covers, sofa & chair seat covers, and carpets. Increasing investments in sports activities globally are augmenting the demand for sports clothing & accessories, which, in turn, are expected to drive the demand for recycled PET fibers. Jerseys for sports teams are the most common type of products manufactured using such fibers. The demand for jerseys has witnessed a strong growth in the Asia Pacific over the past 10 years owing to increased sports activities in the region, especially in China and India.

Global recycled polyethylene terephthalate market share

An increase in bottle-to-bottle production and growth of the beverages market in Asia Pacific is expected to drive the segment over the forecast period. Recycled PET packaging for food & beverages provides thermal insulation and environmental impact resistance. The packaging also proves to be cost-effective owing to the low cost involved in its production. The growing population in the emerging economies of Asia Pacific and Latin America is expected to drive the demand for rPET bottles and containers.

Regional Insights

Asia Pacific was the largest regional market in 2020, which accounted for a revenue share of over 45%. It is projected to retain the leading position throughout the forecast period. The regional market is characterized by the easy availability of land along with a low-cost, skilled labor force. The shift in production landscape toward emerging economies, particularly China and India, is expected to positively influence the regional market growth over the forecast period.

The increasing demand for food and non-food bottles across a large number of end-use industries and the growing economies are estimated to drive the product demand in Latin America. Increasing per capita income coupled with the growing FMCG industry is helping the rPET market flourish in the region.

Key Companies & Market Share Insights

Major companies focus more on expanding their global footprints in an attempt to drive their revenues and increase market shares. Companies are expanding their services in Asia Pacific and Europe to cater to the rising demand for sustainable products. The ban on the import of plastic waste from around the world by the government of China is expected to create lucrative opportunities for market players in Southeast Asian countries, such as Malaysia, Thailand, and Indonesia, over the forecast period. The global Recycled Polyethylene Terephthalate (rPET) market is significantly fragmented owing to the presence of a large number of manufacturers across the globe, which include:


  • Clear Path Recycling LLC

  • Verdeco Recycling, Inc.

  • M&G Chemicals

  • Zhejiang Anshun Pettechs Fibre Co., Ltd.

  • PolyQuest

  • Evergreen Plastics, Inc.

  • Phoenix Technologies

  • Libolon

Recycled Polyethylene Terephthalate Market Report Scope

Report Attribute


Market size value in 2021

USD 9.13 billion

Revenue forecast in 2028

USD 14.40 billion

Growth rate

CAGR of 6.7% from 2021 to 2028

Base year for estimation


Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative units

Volume in kilotons, revenue in USD million/billion, and CAGR from 2021 to 2028

Report coverage

Volume forecast, revenue forecast, competitive landscape, growth factors, and trends

Segments covered

Product, end-use, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; Germany; Sweden; U.K.; Rest of Europe; China; India; Japan; Rest of Asia Pacific; Mexico; Rest of Latin America; GCC Countries; South Africa; Rest of MEA

Key companies profiled

PLACON; Clear Path Recycling LLC; Verdeco Recycling, Inc.; Indorama Ventures Public Ltd.; Zhejiang Anshun Pettechs Fibre Co., Ltd.; Polyquest, Evergreen Plastics, Inc.; Phoenix Technologies; Libolon; Biffa

Customization scope

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Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the global recycled polyethylene terephthalate market report on the basis of product, end-use, and region:

  • Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

    • Clear

    • Colored

  • End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

    • Fiber

    • Sheet & Film

    • Strapping

    • Food & Beverage Bottles & Containers

    • Non-Food Bottles & Containers

    • Others

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • Sweden

      • U.K.

      • Rest of Europe

    • Asia Pacific

      • China

      • Japan

      • India

      • Rest of Asia Pacific

    • Latin America

      • Mexico

      • Rest of Latin America

    • Middle East & Africa

      • GCC Countries

      • South Africa

      • Rest of MEA

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