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Recycled PET (Polyethylene Terephthalate) Market

The Recycled PET (Polyethylene Terephthalate) encompasses the fluidity of the vehicles, components, The global market for recycled polyethylene terephthalate (rPET) is experiencing robust growth driven by a convergence of factors centered around sustainability, regulatory support, and evolving consumer preferences.

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Recycled PET (Polyethylene Terephthalate) Market

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  1. Recycled PET (Polyethylene Terephthalate) Market – Trends and Forecast Till 2030 sales@delvens.comwww.delvens.com

  2. Recycled PET (Polyethylene Terephthalate) Market – Trends Forecast Till 2030 Recycled PET (Polyethylene Terephthalate) Market, By Source (Bottles & Containers, Films & Sheets), By Grade (Grade A, Grade B), By Form (Flakes, Chips), By Product (Clear, Coloured), By End-use (Fibers, Films & Sheets, Strapping, Food & Beverage Containers and Bottles, Non-Food Containers and Bottles, Others), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America). Request For Free Sample Report:https://www.delvens.com/get-free-sample/Recycled-pet-polyethylene-terephthalate-market sales@delvens.com www.delvens.com

  3. Market Overview The global Recycled PET (Polyethylene Terephthalate) market size was estimated at USD 16.64 billion in 2023 and is projected to reach USD 28.88 billion in 2030 at a CAGR of 8.2% during the forecast period 2024-2030. The Recycled PET (Polyethylene Terephthalate) encompasses the fluidity of the vehicles, components, The global market for recycled polyethylene terephthalate (rPET) is experiencing robust growth driven by a convergence of factors centered around sustainability, regulatory support, and evolving consumer preferences. One of the primary drivers is the increasing global awareness and concern about environmental sustainability. Consumers, particularly in developed regions like Western Europe and North America, are increasingly mindful of the environmental impact of plastic waste. This heightened awareness has spurred demand for sustainable packaging solutions, including those made from recycled materials like rPET. Purchase this Report:https://www.delvens.com/checkout/Recycled-pet-polyethylene-terephthalate-market sales@delvens.com www.delvens.com

  4. Key Findings On the basis of Source, in 2023, bottles and containers represented the primary source segment for the rPET (recycled polyethylene terephthalate) market. A significant amount of PET recycled into flakes and chips originates from post-consumer bottles and food containers, underscoring the critical role of waste collection processes at household, business, and municipal levels in the rPET supply chain. On the basis of Grade, Grade A rPET maintained its dominant position in 2023, driven by its high collection and recycling rates of beverage bottles, ensuring ample availability in baled form. This grade of recycled polyethylene terephthalate is prized for its suitability in food-grade applications, allowing it to re-enter the food and beverage packaging ecosystem as a substitute for virgin PET resins.  On the basis of Form, in 2023, recycled polyethylene terephthalate (rPET) flakes held a significant market share and played a pivotal role in the PET circular economy. These flakes are highly valued across diverse applications, including the manufacturing of new PET containers, fibers and fabrics for textiles, production of strapping and packaging materials, and manufacturing films and sheets. sales@delvens.com www.delvens.com

  5. Key Findings The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Asia Pacific dominated the Recycled PET market in 2023 due to its large and growing population, driving higher consumption of PET-packaged products. Increasing consumer demand for sustainable packaging solutions further boosts the region's preference for rPET in packaging applications. Inquire Before Buying:https://www.delvens.com/Inquire-before-buying/Recycled-pet-polyethylene-terephthalate-market sales@delvens.com www.delvens.com

  6. Competitive Landscape • AL Mehtab Industries • ALPLA • Bantam Materials • Carbonlite Industries LLC • Clean Tech U.K. Ltd • Clear Path Recycling LLC • DuFor • Evergreen Plastics, Inc. • Indorama Ventures • Libolon • Marglen Industries • AL Mehtab Industries • ALPLA • Bantam Materials • Carbonlite Industries LLC • Clean Tech U.K. Ltd • Clear Path Recycling LLC • DuFor • Evergreen Plastics, Inc. • Indorama Ventures • Libolon • Marglen Industries sales@delvens.com www.delvens.com

  7. Recent Developments In October 2023, Axens, IFPEN, and JEPLAN announced the commissioning and start of their innovative recycling unit, Rewind PET. This unit represents a modified and expanded facility located at JEPLAN's Kitakyushu Hibikinada Pilot demonstration plant in Japan. The facility, capable of processing 1,000 tons per year, was supported by the French Environment and Energy Management Agency (ADEME). In March 2023, SK Chemicals signed a USD 98.4 million agreement to acquire a chemical recycling and PET production facility from Shuye Environmental Technology. This acquisition enables SK Chemicals to operate a facility capable of producing chemically recycled PET at a capacity of 50,000 tons per year. The facility utilizes depolymerization technology to chemically break down post-consumer plastic waste into monomers, thereby producing recycled bis-hydroxyethyl terephthalate (rBHET), a precursor to rPET. sales@delvens.com www.delvens.com

  8. Contact Information About Us: Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally. Contact Us: +44-20-3290-6466 +1 214-377-1144 sales@delvens.com sales@delvens.com www.delvens.com

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