Recycled Pet Market
Recycled PET Market Forecasts to 2032 – Global Analysis By Type (Flakes and Chips), Grade, Source, Color, Packaging Type, Recycling Process, Application, End User and By Geography
According to Stratistics MRC, the Global Recycled PET Market is accounted for $10.4 billion in 2025 and is expected to reach $17.6 billion by 2032 growing at a CAGR of 7.7% during the forecast period. Recycled PET (polyethylene terephthalate) is a type of plastic material obtained from processing and reusing post-consumer or post-industrial PET products like bottles and containers. The recycled PET material is cleaned, melted, and reformed into flakes, fibers, or pellets to manufacture new products. Recycling PET reduces waste, conserves resources, and lowers environmental impact compared to virgin PET production.
According to a report published by Press Information Bureau of India in December 2022, the Indian government has implemented Technology Upgradation Fund Scheme (TUFS) to promote the establishment of plastic recycling plants in the country.
Market Dynamics:
Driver:
Growing environmental concerns favoring recycling
Escalating environmental concerns and global regulatory mandates are driving the adoption of recycled PET (rPET) across various industries. Increased public awareness around plastic pollution and carbon emissions has intensified the push toward circular economies. Government initiatives promoting plastic recovery and brand-led sustainability pledges have further bolstered demand for rPET. Moreover, multinational corporations are adopting closed-loop recycling models, encouraging consistent feedstock recovery and recycled content use in packaging, apparel, and industrial applications, ultimately accelerating rPET market growth.
Restraint:
Fluctuating quality of recycled material
The inconsistent quality of recycled PET remains a major market restraint, affecting downstream product performance and limiting high-end application viability. Variability arises from contamination, improper sorting, and mixed-color feedstock, complicating processing and reducing fiber uniformity. These quality concerns deter adoption by industries requiring stringent material standards, such as food-grade packaging and technical textiles. Moreover, differences in regional recycling practices and lack of harmonized quality benchmarks create uncertainty for manufacturers relying on consistent rPET input.
Opportunity:
Increasing demand in packaging and textile sectors
Recycled PET is gaining substantial momentum across packaging and textile sectors, presenting a compelling growth opportunity. In packaging, particularly food and beverage containers, rPET offers a sustainable alternative aligned with regulatory compliance and corporate ESG targets. Simultaneously, the textile industry is integrating rPET into fashion, home furnishings, and performance wear to meet rising eco-conscious consumer demand. Innovations in processing technology have improved material aesthetics and functionality, paving the way for broader rPET utilization across value-added segments.
Threat:
Competition from virgin PET producers
The rPET market faces strong competition from virgin PET manufacturers, particularly during periods of low oil prices that drive down virgin resin costs. This price disparity challenges the cost-effectiveness of recycled PET, especially for price-sensitive end users. Virgin PET also offers superior and consistent quality, making it preferable in high-spec applications. Additionally, established supply chains and economies of scale in virgin production pose strategic hurdles for recyclers aiming to scale up and compete on volume and pricing.
Covid-19 Impact:
The pandemic disrupted PET recycling operations worldwide due to lockdowns, labor shortages, and reduced waste collection efficiency. Demand for rPET declined temporarily in sectors like apparel and hospitality, although demand for plastic packaging surged due to hygiene concerns. However, COVID-19 also reignited sustainability discourse, prompting brands to re-evaluate supply chains and accelerate post-pandemic green recovery strategies. Long-term, the crisis served as a wake-up call, leading to renewed investments in localized recycling infrastructure and circular packaging models.
The flakes segment is expected to be the largest during the forecast period
The flakes segment is expected to account for the largest market share during the forecast period, owing to its wide applicability, ease of processing, and availability. Recycled PET flakes serve as the primary input for fiber production, food-grade containers, strapping, and non-woven fabrics. Their cost-efficiency and compatibility with existing manufacturing lines make them the preferred intermediate across industries. Strong demand from packaging and textiles, coupled with increasing investments in flake-cleaning technologies, will further support this segment’s dominance.
The post-consumer resin segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the post-consumer resin segment is predicted to witness the highest growth rate impelled by, by surging demand for consumer-brand recycled packaging and apparel. PCR offers a sustainable solution for closed-loop recycling and aligns with mandates for recycled content in products. Brands are increasingly sourcing PCR to meet environmental targets and improve transparency. Innovations in advanced sorting, washing, and decontamination processes are enhancing PCR quality, enabling its use in high-purity applications and boosting segment growth.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share, driven by the region’s expansive PET production base, cost-effective labor, and rapidly growing textile and packaging industries. Countries like China, India, and Indonesia are making strategic investments in PET recycling plants and circular economy frameworks. Government initiatives encouraging sustainable material use and increasing rPET exports also contribute to the region’s dominance. The abundant availability of post-consumer PET waste further strengthens supply chain capabilities.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR attributed to aggressive sustainability policies, growing corporate responsibility, and rising consumer preference for eco-friendly products. Legislative mandates promoting recycled content and extended producer responsibility are driving investments in PET recycling infrastructure. Collaborations between recyclers and brand owners are enhancing supply chain efficiency. Additionally, technological advancements in mechanical and chemical recycling are enabling higher-quality rPET production, supporting the region’s rapid and resilient market expansion.
Key players in the market
Some of the key players in Recycled PET Market include Indorama Ventures Public Company Limited, Clear Path Recycling, LLC, Placon, Plastipak Holdings, Inc., Evergreen Plastics, Loop Industries, Inc., CarbonLite Industries, LLC, Phoenix Technologies International LLC, Alpek SAB de CV, M&G Chemicals, Amcor Ltd, Biffa plc, PolyQuest, Far Eastern New Century Corporation, Verdeco Recycling Inc., Zhejiang Anshun Pettechs Fibre Co. Ltd., MBA Polymers, KW Plastics, SUEZ Recycling & Recovery, and Veolia.
Key Developments:
In March 2024, Hach introduced the new BioTector B7000 Online ATP Monitoring System for real-time detection of microbial contamination in water treatment processes. It provides rapid results in 5-10 minutes.
In March 2024, Thermo Fisher launched the new DionexInuvion Ion Chromatography system designed for simplified and versatile ion analysis for environmental, industrial and municipal water testing labs.
In February 2024, Thermo Fisher announced the launch of its 'Make in India' Class 1 analyser-based Continuous Ambient Air Quality Monitoring System (CAAQMS) to support India's environmental monitoring efforts.
Types Covered:
• Flakes
• Chips
Grades Covered:
• Post-Consumer Resin
• Post-Commercial Resin
• Post-Industrial Resin
Sources Covered:
• Containers
• Clamshells
Colors Covered:
• Clear
• Colored
Packaging Types Covered:
• Bottles & Jars
• Trays
• Pouches & Sachets
• Films
• Containers & Tubs
Recycling Processes Covered:
• Mechanical Recycling
• Chemical Recycling
Applications Covered:
• Food Bottles
• Non-Food Bottles
• Sheets
• Strapping
• Other Applications
End Users Covered:
• Beverage
• Healthcare
• Personal Care
• Retail & E-Commerce
• Industrial Packaging
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Recycled PET Market, By Type
5.1 Introduction
5.2 Flakes
5.3 Chips
6 Global Recycled PET Market, By Grade
6.1 Introduction
6.2 Post-Consumer Resin
6.3 Post-Commercial Resin
6.4 Post-Industrial Resin
7 Global Recycled PET Market, By Source
7.1 Introduction
7.2 Containers
7.3 Clamshells
8 Global Recycled PET Market, By Color
8.1 Introduction
8.2 Clear
8.3 Colored
9 Global Recycled PET Market, By Packaging Type
9.1 Introduction
9.2 Bottles & Jars
9.3 Trays
9.4 Pouches & Sachets
9.5 Films
9.6 Tubs
10 Global Recycled PET Market, By Recycling Process
10.1 Introduction
10.2 Mechanical Recycling
10.3 Chemical Recycling
11 Global Recycled PET Market, By Application
11.1 Introduction
11.2 Food Bottles
11.3 Non-Food Bottles
11.4 Sheets
11.5 Strapping
11.6 Other Applications
12 Global Recycled PET Market, By End User
12.1 Introduction
12.2 Beverage
12.3 Healthcare
12.4 Personal Care
12.5 Retail & E-Commerce
12.6 Industrial Packaging
12.7 Other End Users
13 Global Recycled PET Market, By Geography
13.1 Introduction
13.2 North America
13.2.1 US
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 Italy
13.3.4 France
13.3.5 Spain
13.3.6 Rest of Europe
13.4 Asia Pacific
13.4.1 Japan
13.4.2 China
13.4.3 India
13.4.4 Australia
13.4.5 New Zealand
13.4.6 South Korea
13.4.7 Rest of Asia Pacific
13.5 South America
13.5.1 Argentina
13.5.2 Brazil
13.5.3 Chile
13.5.4 Rest of South America
13.6 Middle East & Africa
13.6.1 Saudi Arabia
13.6.2 UAE
13.6.3 Qatar
13.6.4 South Africa
13.6.5 Rest of Middle East & Africa
14 Key Developments
14.1 Agreements, Partnerships, Collaborations and Joint Ventures
14.2 Acquisitions & Mergers
14.3 New Product Launch
14.4 Expansions
14.5 Other Key Strategies
15 Company Profiling
15.1 Indorama Ventures Public Company Limited
15.2 Clear Path Recycling, LLC
15.3 Placon
15.4 Plastipak Holdings, Inc.
15.5 Evergreen Plastics
15.6 Loop Industries, Inc.
15.7 CarbonLite Industries, LLC
15.8 Phoenix Technologies International LLC
15.9 Alpek SAB de CV
15.10 M&G Chemicals
15.11 Amcor Ltd
15.12 Biffa plc
15.13 PolyQuest
15.14 Far Eastern New Century Corporation
15.15 Verdeco Recycling Inc.
15.16 Zhejiang Anshun Pettechs Fibre Co. Ltd.
15.17 MBA Polymers
15.18 KW Plastics
15.19 SUEZ Recycling & Recovery
15.20 Veolia
List of Tables
1 Global Recycled PET Market Outlook, By Region (2024-2032) ($MN)
2 Global Recycled PET Market Outlook, By Type (2024-2032) ($MN)
3 Global Recycled PET Market Outlook, By Flakes (2024-2032) ($MN)
4 Global Recycled PET Market Outlook, By Chips (2024-2032) ($MN)
5 Global Recycled PET Market Outlook, By Grade (2024-2032) ($MN)
6 Global Recycled PET Market Outlook, By Post-Consumer Resin (2024-2032) ($MN)
7 Global Recycled PET Market Outlook, By Post-Commercial Resin (2024-2032) ($MN)
8 Global Recycled PET Market Outlook, By Post-Industrial Resin (2024-2032) ($MN)
9 Global Recycled PET Market Outlook, By Source (2024-2032) ($MN)
10 Global Recycled PET Market Outlook, By Containers (2024-2032) ($MN)
11 Global Recycled PET Market Outlook, By Clamshells (2024-2032) ($MN)
12 Global Recycled PET Market Outlook, By Color (2024-2032) ($MN)
13 Global Recycled PET Market Outlook, By Clear (2024-2032) ($MN)
14 Global Recycled PET Market Outlook, By Colored (2024-2032) ($MN)
15 Global Recycled PET Market Outlook, By Packaging Type (2024-2032) ($MN)
16 Global Recycled PET Market Outlook, By Bottles & Jars (2024-2032) ($MN)
17 Global Recycled PET Market Outlook, By Trays (2024-2032) ($MN)
18 Global Recycled PET Market Outlook, By Pouches & Sachets (2024-2032) ($MN)
19 Global Recycled PET Market Outlook, By Films (2024-2032) ($MN)
20 Global Recycled PET Market Outlook, By Tubs (2024-2032) ($MN)
21 Global Recycled PET Market Outlook, By Recycling Process (2024-2032) ($MN)
22 Global Recycled PET Market Outlook, By Mechanical Recycling (2024-2032) ($MN)
23 Global Recycled PET Market Outlook, By Chemical Recycling (2024-2032) ($MN)
24 Global Recycled PET Market Outlook, By Application (2024-2032) ($MN)
25 Global Recycled PET Market Outlook, By Food Bottles (2024-2032) ($MN)
26 Global Recycled PET Market Outlook, By Non-Food Bottles (2024-2032) ($MN)
27 Global Recycled PET Market Outlook, By Sheets (2024-2032) ($MN)
28 Global Recycled PET Market Outlook, By Strapping (2024-2032) ($MN)
29 Global Recycled PET Market Outlook, By Other Applications (2024-2032) ($MN)
30 Global Recycled PET Market Outlook, By End User (2024-2032) ($MN)
31 Global Recycled PET Market Outlook, By Beverage (2024-2032) ($MN)
32 Global Recycled PET Market Outlook, By Healthcare (2024-2032) ($MN)
33 Global Recycled PET Market Outlook, By Personal Care (2024-2032) ($MN)
34 Global Recycled PET Market Outlook, By Retail & E-Commerce (2024-2032) ($MN)
35 Global Recycled PET Market Outlook, By Industrial Packaging (2024-2032) ($MN)
36 Global Recycled PET Market Outlook, By Other End Users (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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