What is Recyclate PET Market?
The plastic used to manufacture water bottles is called polyethylene terephthalate or PET. It is the most recyclable plastic. When it is used for bottles or containers called PET resin, and when it is used for fiber called polyester. A recycling system only exists for PET beverage containers.
Highlights from Recyclate PET Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Unilever (Netherlands), Presca Sportswear (United Kingdom), DePoly (Switzerland), O'NEILLS IRISH (Ireland), Veolia ES (UK) Limited (United Kingdom), gr3n Sagl (Switzerland), ALPEK POLYESTER UK LTD (United Kingdom), Premirr Plastics LLC (United States), Charpak Ltd (United Kingdom) and ASOCIACION EMPRESARIAL (Spain) |
Recyclate PET Market is expected to grow with rising demand for online food delivery. It is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Unilever (Netherlands), Presca Sportswear (United Kingdom), DePoly (Switzerland), O'NEILLS IRISH (Ireland), Veolia ES (UK) Limited (United Kingdom), gr3n Sagl (Switzerland), ALPEK POLYESTER UK LTD (United Kingdom), Premirr Plastics LLC (United States), Charpak Ltd (United Kingdom) and ASOCIACION EMPRESARIAL (Spain) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Indorama Ventures (Thailand). Recyclate PET Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Carpet, Apparel and Others |
Type | Coloured, White and Others |
Packaging Size | 25 Kg,50 Kg,500 Kg,Others |
Recycling Type | Mechanical,Energy,Chemical |
On the basis of geography, the market of Recyclate PET has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Low Cost Associated with Recycling Process of PET
Market Growth Drivers:
Increasing Applications of Recyclate PET in Food and Beverage Industry
Challenges:
Environmental Regulations on the Recyclate PET Applications
Restraints:
Recyclate PET is Very susceptible to heat degradation.
Opportunities:
Government Spending on Recycling of Plastics can create Opportunities for Market Growth.
Key Target Audience
Recyclate PET Manufacturers, Recyclate PET Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Market Leaders & Development Strategies
On 2020, Indorama Ventures has acquired polish PET recycler, Industrie Maurizio Peruzzo Polowat spółka z ograniczoną odpowiedzialnością. The acquisition consists of two properties including strategically located in Bielsko-Biala and Leczyca and close to the major population centers of Kraków and Warsaw.
As per the Department of Indian standards, “Manufacturers of plastic products about the marking to be used on the finished product to facilitate identification of the basic raw material. It will also help in identifying whether the material used on the end product is virgin, recyclate, or a blend of virgin and recyclate.”