Global Recycled Polyethylene Terephthalate Market (RPET) Packaging Market, By Type (Clear, Colored), End-Use Industry (Fibers, Sheets and Films, Strapping, Food-Grade Bottle and Containers, Non-Food-Grade Bottle and Containers, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Recycled Polyethylene Terephthalate Market (RPET) Packaging Market
The recycled polyethylene terephthalate market (RPET) packaging market will reach at an estimated value of USD 21.56 billion and grow at a rate of 4.10% for the forecast period of 2021 to 2028. Increasing use of RPET fiber, growing application in the packaging industry, is a vital factor driving the growth of recycled polyethylene terephthalate market (RPET) packaging market.
Polyethylene terephthalate is also known as PETE or PET and is widely used polymer. It is naturally transparent plastic used widely for products used in our day to day life. Recycled-PET has properties to resist the growth of mold, fungi, and bacteria and is commonly used in packaging of food and beverage, pharmaceuticals, cosmetics, and electronic products.
Increasing penetration of recycled polyethylene terephthalate in food & beverages and non-food packaging applications is the vital factor escalating the market growth, also growing awareness regarding recycling of plastics coupled with favorable government regulations regarding the recycling of plastics, low production cost of recycling polyethylene as compared to other polymers, rising product consumption for the end-user application and rising demand for bottled beverages and packaged food products are the major factors among others driving the recycled polyethylene terephthalate market (RPET) packaging market. Moreover, rising population in developing countries of Latin America and Asia Pacific and rising technological advancement and modernization in the production techniques will further create new opportunities for the recycled polyethylene terephthalate market (RPET) packaging market in the forecast period of 2021- 2028.
However, rising emission of carcinogenic compounds is the major factor among others acting as a restraint, and will further challenge the growth of recycled polyethylene terephthalate market (RPET) packaging market in the forecast period mentioned above.
This recycled polyethylene terephthalate market (RPET) packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the recycled polyethylene terephthalate market (RPET) packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recycled Polyethylene Terephthalate Market (RPET) Packaging Market Scope and Market Size
The recycled polyethylene terephthalate market (RPET) packaging market is segmented on the basis of type and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on type, the recycled polyethylene terephthalate market (RPET) packaging market is segmented into clear and colored.
- The recycled polyethylene terephthalate market (RPET) packaging market is also segmented on the basis of end-user industry into fibers, sheets and films, strapping, food-grade bottle and containers, non-food-grade bottle and containers and others.
Recycled Polyethylene Terephthalate Market (RPET) Packaging Market Country Level Analysis
The recycled polyethylene terephthalate market (RPET) packaging market is analysed and market size, volume information is provided by country, type and end-use industry as referenced above.
The countries covered in the recycled polyethylene terephthalate market (RPET) packaging market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the recycled polyethylene terephthalate market (RPET) packaging market due to increasing demand for food and non-food bottles across a large number of end-use industries and improving economic conditions in this region. Latin America is expected region in terms of growth in recycled polyethylene terephthalate market (RPET) packaging market due to rising technological advancement and modernization in the production techniques, growing awareness regarding recycling of plastics coupled with favorable government regulations regarding the recycling of plastics, low production cost of recycling polyethylene as compared to other polymers and rising product consumption for the end-user application in this region.
The country section of the recycled polyethylene terephthalate market (RPET) packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Recycled Polyethylene Terephthalate Market (RPET) Packaging Market Share Analysis
The recycled polyethylene terephthalate market (RPET) packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to recycled polyethylene terephthalate market (RPET) packaging market.
The major players covered in the recycled polyethylene terephthalate market (RPET) packaging market report are Placon, Verdeco Recycling Midwest Inc, Montello Spa, Antares Chem Private Limited, Indorama Ventures Public Company Limited, Zhejiang Anshun Pettechs Fibre Co.,Ltd., PolyQuest, Evergreen Plastics, Phoenix Technologies Ltd., M&G Chemicals S.A and LIBOLON among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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