Report Title: "Global Recyclate PET Market - Segmented by Product Type, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)"
Recyclate PET Market (2018 – 2023) research report provides List of manufacturers, regional analysis, segmentation by type & applications and the actual process of whole Recyclate PET industry. Recyclate PET Market report delivers a detailed study of present and upcoming Opportunities to clarify future investment in the market.
“Recyclate PET Market report is expected to register a CAGR of XX% over a five years forecast period.”
List of Major Key players operating in the Global Recyclate PET Market are –
- Centriforce Products Ltd
- Dennison Ltd
- DS Smith
- Foss Manufacturing
- G.E.T Recycling Co
- JFC Plastics Ltd
- Krones AG
- Lotte Chemicals
- M&G Chemicals
- Phoenix Technologies
- Placon (Ecostar)
- Reliance Industries Limited
- Verdeco Recycling Inc
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The market for recyclate PET is expected to register a significant growth during the forecast period, 2018 to 2023. This significant growth is majorly driven by the growing emphasis on sustainability amongst the consumer and packaging products.
Growing Emphasis on Sustainability amongst the Consumer and Packaging Products
In recent years, the consumer goods industry has made significant progress on improving the recyclability of packaging. As one of the largest purchasers of recyclate PET in the consumer goods space, PepsiCo’s brands, like Naked Juice use 100% post-consumer recycled (PCR) square bottles. By not using virgin PET feedstock, Naked Juice bottles save 25% of the energy typically used in conventional manufacturing processes. Likewise, many consumer packaged goods companies are applying recyclate PET to their broader product lines in order to get safeguarded by strong environmental policies and legislations globally. These trends are successful in creating the huge demand for global recyclate PET market.
Industrial Yarn Application Segment to Dominate the Market Share
Among the applications, industrial yarn holds the highest market share of the global recyclate PET market. Though virgin PET production is majorly consumed by packaging of food & beverage industry, production of recyclate PET is majorly used by textile industry with almost 50% of the market share. This trend in the market is heavily influenced by the fact that recyclate PET observes huge profit margins in textile industry when compared to the food & beverage industry. The immensely growing textile industry is further helpful to fuel the market growth for global recyclate PET market in the nearby future.
Asia-Pacific to Dominate the Market Share
Asia-Pacific is the largest regional market for global recyclate PET market with almost more than 50% of the market share. The increasing demand from food & beverages packaging, and textile industries of the countries, like China, India, Thailand, and Korea is providing great opportunity for the recyclate PET market to continue the fastest pace of growth. The Chinese government's plans to ban waste imports, including recyclate PET waste products by the end of 2017 could have significant impact on increasing the market share and fuelling the market growth rate of ASEAN countries. The large market size coupled with the huge growth of the region (especially growth in ASEAN countries) is quite instrumental in expansion of the global recyclate PET market.
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Global Recyclate PET Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2018-2023):
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)
- Asia Pacific (China, Japan, India, Southeast Asia and Australia)
- Latin America (Brazil, Argentina and Colombia)
- The Middle East and Africa
Key Questions Answered About Recyclate PET Market:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the Recyclate PET market for selective countries?
- Which region or sub-segment is selected is expected to drive the market in the forecast period?
- What factors are estimated to drive and restrain the market growth?
- What are the key technological and Recyclate PET market trends shaping the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
Reasons to Purchase Recyclate PET Market Report:
- The report analyses how stringent emission control norms will drive the global Recyclate PET market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Recyclate PET market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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Recyclate PET Market Report TOC Includes:
- Introduction of Recyclate PET Market
- Research Approach and Methodology
- Recyclate PET Market Overview
- Recyclate PET Market Segmentation
- Competitive Landscape
- Company Profiles
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