Global Recyclate PET Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

PET Staple Fiber, PET Straps and PET Sheets or Films.

By Grade;

Grade A and Grade B.

By Form;

RPET Flakes and RPET Chips.

By Product;

Clear and Colored.

By Application;

Packaging, Industrial Yarn, Mono Filaments, Strapping, and Building Materials.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn153397480 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Recyclate PET Market (USD Million), 2021 - 2031

In the year 2024, the Global Recyclate PET Market was valued at USD 11,648.42 million. The size of this market is expected to increase to USD 17,630.91 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.1%.

The global recyclate PET (polyethylene terephthalate) market has emerged as a pivotal sector within the broader landscape of sustainable materials and recycling initiatives. PET, a versatile thermoplastic polymer primarily used in packaging applications, has garnered significant attention due to its environmental impact and recyclability. This market's growth is driven by increasing awareness of environmental issues, regulatory pressures promoting recycling, and consumer demand for sustainable products.

PET recyclate refers to recycled PET materials derived from post-consumer or post-industrial waste, processed and reused to produce new products. This closed-loop approach not only reduces the consumption of virgin plastics but also minimizes landfill waste and conserves energy compared to producing PET from raw materials. As sustainability becomes a critical consideration for industries and consumers alike, the demand for recyclate PET has surged across various sectors including food and beverage packaging, textiles, and automotive components.

Key factors influencing the recyclate PET market include advancements in recycling technologies, improving collection and sorting infrastructures, and collaborations across the value chain to enhance recycling efficiencies. Innovations in processing techniques have enabled recyclers to produce high-quality PET recyclates suitable for a wide range of applications, meeting stringent regulatory standards and customer specifications.

Economic incentives and government policies supporting recycling efforts have bolstered market growth, encouraging businesses to adopt circular economy practices. Companies are increasingly investing in sustainable packaging solutions to meet corporate sustainability goals and consumer preferences for eco-friendly products. This shift towards recyclate PET represents a significant paradigm in the plastics industry, where environmental stewardship and resource efficiency are paramount.

Looking ahead, the global recyclate PET market is poised for further expansion driven by technological advancements, regulatory frameworks promoting recycling targets, and growing consumer awareness. As industries strive to minimize their carbon footprint and mitigate environmental impact, recyclate PET presents a viable solution to achieve sustainable development goals while meeting the demands of a circular economy. This market evolution underscores a transformative shift towards more sustainable practices within the global plastics industry, paving the way for a greener and more resilient future.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Grade
    3. Market Snapshot, By Form
    4. Market Snapshot, By Product
    5. Market Snapshot, By Application
    6. Market Snapshot, By Region
  4. Global Recyclate PET Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Government regulations promoting recycling

        2. Growing demand for sustainable packaging solutions

        3. Cost advantages of recyclate PET over virgin PET

        4. Expansion of recycling infrastructure and technology

      2. Restraints
        1. Limited availability and collection rates of PET waste

        2. Technological limitations in recycling processes

        3. Competition from alternative packaging materials

        4. Regulatory challenges and compliance issues

      3. Opportunities
        1. Rising investments in PET recycling facilities globally

        2. Adoption of circular economy principles by major brands

        3. Growing market for food-grade recyclate PET applications

        4. Emerging markets and untapped regions for PET recycling

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Recyclate PET Market, By Type, 2021 - 2031 (USD Million)
      1. PET Staple Fiber
      2. PET Straps
      3. PET Sheets or Films
    2. Global Recyclate PET Market, By Grade, 2021 - 2031 (USD Million)
      1. Grade
      2. Grade B
    3. Global Recyclate PET Market, By Form, 2021 - 2031 (USD Million)
      1. rPET Flakes
      2. rPET Chips.
    4. Global Recyclate PET Market, By Product, 2021 - 2031 (USD Million)
      1. Clear
      2. Colored
    5. Global Recyclate PET Market, By Application, 2021 - 2031 (USD Million)
      1. Packaging
      2. Industrial Yarn
      3. Mono Filaments
      4. Strapping
      5. Building Materials
    6. Global Recyclate PET Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea ASEAN (Association of South East Asian Countries)
        6. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Phoenix Technologies
      2. Placon (EcoStar)
      3. PolyQuest
      4. Lotte Chemicals
      5. Avery Dennison Corporation
      6. Axens, IFPEN and JEPLAN
      7. Indorama Ventures
      8. SK Chemicals
  7. Analyst Views
  8. Future Outlook of the Market