Recycled Polyethylene Terephthalate Market

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Recycled Polyethylene Terephthalate MARKET 2020
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Recycled Polyethylene Terephthalate MARKET 2020
Recycled Polyethylene Terephthalate Market 2020
Industry Survey, Growth, CompetitiveLandscape
and Forecasts to 2023
Market Research Future (MRFR)s latest study
reveals that the global recycled polyethylene
terephthalate (RPET)market is poised to register
a CAGR of 8.5 during the forecast period 2018 to
2023. In terms of revenue, the market is
projected to grow from USD 6,572.9 Mn in 2017 to
USD 10,666.2 Mn by 2023-end. The growth of the
market is highly dependent on the polyethylene
terephthalate (PET) market. The recycling rate of
PET is expected to improve over the next couple
of years, thus, augmenting the recycled
polyethylene terephthalate market. In terms of
volume, the global recycled polyethylene
terephthalate market is prognosticated to reach
over 11 KT by the end of 2023 up from 7,684.3 KT
in 2017. However, 20-22 loss is incurred during
the manufacturing process which remains an
impediment to the market expansion. The demand
for RPET fiber in the textile industry is
anticipated to witness an upsurge as it shows no
qualitative degradation after several recycling
sessions. The growth of the textile industry is
poised to boost the expansion of recycled
polyethylene terephthalate market through the
review period. Additionally, the extensive use of
RPET in the food beverage sector for packaging
has intensified the market proliferation.
Increase in working population, and disposable
income has led to a shift towards ready-to-eat
and packaged food products which is driving the
demand for RPET.
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Recycled Polyethylene Terephthalate MARKET 2020
Market Segmentation MRFRs report offers a
detailed segmental analysis of the market based
on type and application. By type, the market has
been segmented into clear and colored. Among
these, the clear segment holds a major share of
the market as the colored RPET has to undergo a
process that degrades its quality. The clear
segment was valued at USD 4,203.6 Mn in 2017 and
is expected to reach a value over USD 6 Mn by the
end of 2023. The increasing demand from the
packaging industry is likely to drive the growth
of the clear segment in the forthcoming
years. By application, the market is based on
fiber, sheet film, strapping, food grade
bottles containers, non-food grade bottles
containers, and others. The fiber segment
accounts for the maximum share of the market and
is expected to exhibit healthy growth over the
next few years. Its growth can be ascribed to the
extensive use of polyester fiber in textile
manufacturing. Enquiry of the Report
https//www.marketresearchfuture.com/enquiry/5812

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Recycled Polyethylene Terephthalate MARKET 2020
Regional Analysis
By region, the global recycled polyethylene
terephthalate market has been segmented into
North America, Europe, Asia Pacific, Latin
America, and the Middle East Africa. Asia
Pacific currently accounts for 56 share of the
market and is estimated to strike a relatively
higher CAGR. The high recycling rate in Asian
countries, especially China, Japan, and India are
projected to accelerate revenue creation for the
market players. For instance, according to a
study published by National Chemical Laboratory
(NCL), India recycles 90 of its polyethylene
terephthalate, trailed by Japan which recycles
72 of its polyethylene terephthalate. India
resonates strong growth opportunities and is
emerging as an investment-centric market due to
intensified textile production. Europe is the
second largest market for recycled polyethylene
terephthalate and is forecasted to remain a
highly lucrative market in the forthcoming years.
Germany is the most promising country-level
market and is estimated to reach a value of USD
510.8 Mn towards the end of the assessment
period. The growth of Germanys market can be
ascribed to the extensive production and export
of textiles. Additionally, the initiatives
undertaken by the European Union (EU) for plastic
waste recycling has further boosted the market
growth in the region. The trend is likely to
perpetuate during the projection period.
Browse Report _at_ https//www.marketresearchfuture.c
om/reports/recycled-polyethylene-terephthalate-mar
ket-5812
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Recycled Polyethylene Terephthalate MARKET 2020
Application Major Players in this Research
Recycled Polyethylene Terephthalate Market
Prominent Players Some of the key players
profiled in the report include Placon, Clear Path
Recycling, Verdeco Recycling Inc., Indorama
Ventures Public Company Limited, Zhejiang Anshun
Pettechs Fiber Co., Ltd, PolyQuest, Evergreen
Plastics, Montello S.p.A., Phoenix Technologies,
MG Chemicals, and LIBOLON
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