Recycled PET Market

2019 Analysis and Review of Recycled PET Market by Product - Bottles & Jars, Clamshells & Containers, Trays & Punnets, Pouches, and Others for 2019 - 2029

  • 2020-03-02
  • REP-GB-11107
  • 70 Tables
  • 72 Figures
  • 208 pages
  • PDF PPT EXCEL
Recycled PET Market
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Recycled PET Market to Expand at 6.5% CAGR during 2019-2029

Packaging enables minimal food wastage with advanced convenience at reduced costs. The packaging industry, over the past several years, has experienced staggering growth, supported by shifts in material choice and expansion of emerging end-use sectors. Umpteen mechanical properties and low costs have widened the consumption of single-use plastic; however, this is creating a fundamental challenge for packaging manufacturers. While the packaging industry will continue to grow in the decade ahead, stricter regulations and further shake-ups in packaging formats are likely to occur. Against this background, the global recycled polyethylene terephthalate (PET) market will progress at a promising growth rate, expanding nearly 2X by 2029.

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Frequently Asked Questions about Recycled PET Market

How will the recycled PET market fare in the future?

The global recycled PET market is anticipated to grow at a steady pace over the next ten years. The global recycled PET market was valued at US$ 2.4 Bn in 2018, and is estimated to reach US$ 4.7 Bn by 2029.

What are the key factors shaping the dynamics of the recycled PET market?

Shifting inclination of consumers towards highly sustainable and recyclable packaging solutions is fueling the growth of the recycled PET market to a significant extent. Moreover, consistently rising consumption of a wide variety of carbonated and non-carbonated drinks creates a massive demand for PET bottles, which ultimately supports the growth of the recycled PET market.

Which end-use industries hold high growth prospects for manufacturers?

The beverage industry is projected to account for the lion’s share of the recycled PET market, and is also anticipated to remain the most lucrative sector throughout the forecast period. Furthermore, it is estimated to generate an impressive incremental opportunity over the next decade, as the demand for eco-friendly water bottles is on the rise.

Which regions are expected to lead in terms of global sales of recycled PET solutions?

In terms of sales and market growth, South and East Asia are projected to hold a substantial share of the global recycled PET market throughout the forecast period, expanding a striking CAGR over the forecast period.

Which recycled PET solutions will provide the most gratifying opportunities over the next five years?

The bottles & jars segment is anticipated to be the most promising throughout the forecast period. Rising demand for recycled PET bottles and jars, owing to the affordable pricing and highly sustainable outlook, is estimated to bolster market growth significantly.

Which companies are investing significantly in the development of innovative products?

Prominent recycled PET manufacturers such as Berry Global Group, Inc., ALPLA Werke Alwin Lehner GmbH & Co KG, Indorama Ventures Public Co., Ltd, and Sonoco Products Company are significantly investing in designing and manufacturing environment-friendly recycled PET solutions.

Food and Beverage Industries - Top Growth Engines of Recycled PET Market

Ecological burden, amidst soaring plastic adoption, is prompting tighter restrictions, considering the shift towards sustainable solutions in all spheres. The beverage industry is showing immediacy in aligning with the radical shift, attributable to upsurge in the consumption of carbonated and non-carbonated drinks. Adoption of recycled PET in this end-use category will almost double by the end of forecast period. Further, growing prevalence of packaged food products is influencing manufacturers to allocate their resources in the food industry, which is followed by the beverage industry in terms of value creation and growth rate.

East Asia Recycled PET Market to Represent Multibillion-dollar Opportunity by 2029

Rise in the consumption of convenience foods and beverages, especially among the millennial and Gen Z cohort, would have a tangible impact on the recycled PET market across every regional segment. This trend is gaining rapid momentum in East Asia, where the market will hit the US$ 1 Bn mark by 2029. Represented by China and Japan, East Asia is expected to outpace Europe in the near term. The regional market would further be driven by top-line growth of industries – pharmaceuticals, cosmetics, and food & beverages.

* This data is only a representation. Actual data may vary and will be available in report.

East Asia Recycled PET Market to Represent Multibillion-dollar Opportunity by 2029
East Asia Recycled PET Market to Represent Multibillion-dollar Opportunity by 2029
East Asia Recycled PET Market to Represent Multibillion-dollar Opportunity by 2029
East Asia Recycled PET Market to Represent Multibillion-dollar Opportunity by 2029
  • 2014
  • 2018
  • 2022
  • 2029
  • Arrow

Pharmaceutical Industry to Widen Investment Opportunities

Given their excellent resistance properties, the cosmetic industry is turning to recycled PET jars and containers for the storage and transportation of personal care products, especially in liquid and powder form. Market players are thus focusing on unlocking value-capture opportunities in the cosmetic industry, wherein, the adoption of recycled PET is poised to flourish in the due course of time. Berry Global Group Inc., for instance, has launched recycled PET jars, bottles, tubes, and closures for beauty and personal care products.

Bottles & jars hold leading revenue share

Clamshells & containers to show noteworthy CAGR

Stretch blow molding remains preferable manufacturing technology

Preference for injection molding to increase

Beverage sector accounts for higher consumption

Food industry widens growth avenues

How Growth will Unfold

Manufacturers prefer the stretch blow molding technique for developing recycled PET, owing to high output quantities and fine dimensional accuracy. As time is a paramount factor, manufacturing recycled PET products with stretch blow molding machines is performed in a single mold, thereby boosting production speed. In a similar fashion, injection molding is also witnessing traction for the development of recycled PET. Together, both these manufacturing techniques will capture over 60% of overall recycled PET market value.

Recycled PET Market Analysis by Technology

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Recycled PET Market Analysis 2019-2029

A recent market study published by Future Market Insights on the recycled PET market includes global industry analysis of 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters, growth prospects of the recycled PET market are obtained with maximum precision.

Recycled PET Market Taxonomy

The global recycled PET market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Product

  • Bottles & Jars
  • Clamshells & Containers
  • Trays & Punnets
  • Pouches
  • Others (Cups, Bowls, etc.)

Technology

  • Stretch Blow Molding
  • Injection Molding
  • Extrusion Blow Molding
  • Thermoforming

End Use

  • Beverages
    • Bottled Water
    • Soft Drinks
    • Juices
    • Other Beverages
  • Food
  • Pharmaceuticals & Healthcare
  • Homecare & Personal Care
  • Electricals & Electronics
  • Chemicals & Electronics
  • Others

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

What's Included

The report begins with an executive summary of the recycled PET market, which includes key findings and statistical analysis of the market. It also includes demand and supply-side trends pertaining to the recycled PET market.

Readers can find the definition and detailed taxonomy of the recycled PET market in this chapter, which will help them understand basic information about the market. Along with this, comprehensive information pertaining to recycled PET and its properties are provided in this section. It also highlights the inclusions and exclusions to help readers understand the scope of the recycled PET market report.

This chapter explains the key macroeconomic factors that are expected to influence growth of the recycled PET market during the forecast period. Along with this, the section also highlights the opportunity analysis for the recycled PET market. This chapter also provides key market dynamics, which include drivers and restraints. Moreover, readers will understand key trends followed by leading manufacturers in the recycled PET market.

This section explains the global market value analysis and forecast for the recycled PET market during the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical recycled PET market, along with opportunity analysis for the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019-2029). Along with this, pricing analysis of the recycled PET market at the regional level has also been provided in this section. This chapter also explains the global market volume analysis and forecast for the recycled PET market over the forecast period.

Based on product type, the recycled PET market has been segmented into bottles & jars, clamshells & containers, trays & punnets, pouches and others (cups, bowls, etc). In this chapter, readers can find information about key trends and developments in the recycled PET market and market attractiveness analysis based on product type.

This chapter provides details about the recycled PET market based on technology, and has been classified into stretch blow molding, injection molding, extrusion blow molding and thermoforming. Readers can understand market attractiveness analysis of recycled PET based on technology.

This chapter provides details about the recycled PET market based on end use, and has been classified into beverage, food, pharmaceuticals & healthcare, homecare & personal care, electrical & electronics, chemicals & petrochemical, and others. The beverage segment is further sub-segmented into bottled water, soft drinks, juices and other beverage. Through this chapter, readers can understand market attractiveness analysis based on end use.

This chapter explains how the recycled PET market is expected to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, the Middle East and Africa (MEA), and Oceania.

This chapter includes detailed analysis of the growth of the North America recycled PET market, along with country-wise assessment that includes the U.S. and Canada. Readers can also find pricing analysis, regional trends, and market growth based on product type, technology, end use, and countries in North America.

This chapter provides the growth scenario of the recycled PET market in countries in Latin America such as Brazil, Mexico, Argentina, and the rest of Latin America. Along with this, assessment of the market across target segments has also been provided.

Important growth prospects of the recycled PET market in several countries such as Germany, the U.K., France, Spain, Italy, Russia, Poland, BENELUX, and the rest of Europe are included in this chapter.

India, Indonesia, Thailand, Malaysia, and the rest of South Asia are among the leading countries in the South Asia region, which are prime subjects of assessment to obtain growth prospects of the South Asia recycled PET market. Readers can find detailed information about growth parameters of the South Asia recycled PET market during the forecast period in this chapter.

This chapter highlights the growth of the recycled PET market in East Asia by focusing on China, Japan, South Korea, and the rest of East Asia. This section also helps readers understand key factors that are responsible for the growth of the recycled PET market in East Asia.

This chapter provides information about how the recycled PET market is anticipated to grow in major countries in the MEA region such as GCC countries, South Africa, Turkey, Northern Africa, and the rest of MEA during the forecast period.

In this chapter, Australia and New Zealand are countries in the Oceania region that are the prime subjects of assessment to obtain growth prospects of the Oceania recycled PET market.

In this chapter, readers can find detailed information about tier analysis and market concentration of key players in the recycled PET market, along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of prominent stakeholders in the recycled PET market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Berry Global, Inc., Indorama Ventures Public Co. Ltd, Amcor Plc, Sonoco Products Company, Sealed Air Corporation, Gerresheimer AG, and ALPLA Werke Alwin Lehner GmbH & Co KG.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the recycled PET market report.

This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the recycled PET market. The report scope focuses on recycled PET consumed in the packaging industry.

How the research was conducted?

Primary Research

  • C-Level Executives
  • Marketing Directors
  • Product Managers 
  • Business Development Officers 
  • Production Managers
  • Procurement Heads
  • Sales Executives
  • Distributors
  • Traders 
  • Raw Machine Suppliers
  • Industry Experts
  • End Users
  • Current market dynamics and challenges
  • Yesteryear trends 
  • Market characteristics
  • Market performance and growth quadrants
  • Competition structure and market structure
  • Strategic growth initiatives
  • Near-term and long-term market growth prospects
  • Market segment splits and authenticity
  • Opinions on market projections and validity of assumptions

Secondary Research

  • Industry Publications
    • Packaging Europe
    • Packaging Strategies
    • Packaging News
    • Packaging World
  • Industry Associations
    • Flexible Packaging Association
    • Flexible Packaging Europe
    • American Plastics Council (APC) 
    • World Packaging Organization
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits recycled pet market designation

Primary Interview Splits recycled pet market stakeholders

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Akshay Godge

Akshay Godge

Client Partner - Global Business Development

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