Recycled PET (r-PET) Bottles Market to Set Phenomenal Growth by 2027

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Recycled PET (r-PET) Bottles Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2027

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Recycled PET (r-PET) Bottles Market Key
Highlights

• The global recycled PET (r-PET) bottles
  market was valued at  US 2 Bn in 2018, and is
  anticipated to expand at a CAGR of  8 from 2019
  to 2027.
• The global r-PET bottles market is driven by the
  rise in the demand for recycled PET bottles in
  the packaging industry.
• In terms of value, the market in Asia Pacific is
  expected to expand at a CAGR of  9 during the
  forecast period. China is a major producer of
  r-PET bottles in Asia Pacific.

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Major Drivers of the Recycled PET (r-PET) Bottles
Market

• The demand for recycled PET bottles has been
  increasing due to the implementation of stringent
  regulations on the usage of plastic products.
• The recycled PET bottles market is also driven by
  the rise in the consumption of packaged drinking
  water across the globe.
• The demand for packaged drinking water has been
  increasing, owing to the rise in the inclination
  of people toward clean and safe drinking water.

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High Demand for r-PET Bottles for Food Grade

• In terms of grade, the food segment is expected
  to account for a prominent share of the global
  recycled PET bottles market during the forecast
  period.
• Recycled PET bottles are primarily used in the
  packaging of food and beverages. These comprise
  bottles for water, juice, and dairy products.
• The non-food segment holds a low share of the
  global r-PET bottles market.
• Non-food grade recycled PET bottles include
  bottles that are used for the packaging of
  household cleaning liquids, dishwashing liquids,
  and cosmetics.

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Competition Landscape of Recycled PET (r-PET)
Bottles Market

• ALPLA Werke Alwin Lehner GmbH Co KG
• Indorama Ventures Public Company Limited
• Phoenix Technologies International, LLC. 

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