Global PET Plastic Recycling
Market Report
2025
The global PET Plastic Recycling market size will be USD 10548.5 million in 2024. Regulatory Assistance for Recycled Materials is expected to boost sales to USD 16938.6 million by 2031, with a Compound Annual Growth Rate (CAGR) of 7.00% from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global PET Plastic Recycling market size will be USD 10548.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 7% |
North America PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 5.2% |
Canada PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 6% |
United States PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 5% |
Mexico PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 5.7% |
Europe PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 5.5% |
France PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 4.7% |
Spain PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 4.6% |
United Kingdom PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 6.3% |
Russia PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 4.5% |
Italy PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 4.9% |
Germany PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 5.7% |
Rest of Europe PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 4.2% |
Asia Pacific PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 9% |
India PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 10.8% |
Korea PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 8.1% |
Japan PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 7.5% |
China PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 8.5% |
Australia PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 8.7% |
Rest of APAC PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 8.8% |
South America PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 6.4% |
Argentina PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 7.3% |
Brazil PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 7% |
Chile PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 6.7% |
Peru PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 6.6% |
Colombia PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 6.2% |
Rest of South America PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 5.5% |
Middle East PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 6.7% |
Turkey PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 6.2% |
Egypt PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 7% |
Rest of MEA PET Plastic Recycling Market Sales Revenue | 121212 | 121212 | 121212 | 5.7% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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Market Split by Application |
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List of Competitors |
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PET Plastic Recycling Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A semi-crystalline, amorphous thermoplastic that is a member of the polyester family is polyethylene terephthalate. Terephthalic acid and ethylene glycol are the basic materials used to manufacture it. PET is an optimal material for the packaging industry due to its lightweight and recyclable nature. The adoption of the product will be facilitated by the increasing preference for high-quality packaging in the pharmaceutical and food & beverage sectors. Moreover, the polyethylene terephthalate market will experience growth during the forecast period as a result of technological advancements in polymers and improved research and development activities. During this period, the demand for packaging supplies from the consumer products and pharmaceutical sectors increased due to the growing popularity of online purchasing of essential goods, such as foodstuffs, medications, packaged foods, and beverages. Additionally, the adoption of PET packaging products was significantly influenced by significant growth in the healthcare and e-commerce sectors.
In October 2023, Axens, IFPEN, and JEPLAN inaugurated the Rewind® PET semi-industrial facility in Kitakyushu, Japan, for the chemical recycling of PET. This novel method focuses on challenging-to-recycle plastics, yielding superior rPET. The unit seeks to illustrate the technology's feasibility to industrial clients, facilitating sustainability objectives in packaging and textiles. (Source: https://www.jeplan.co.jp/en/2023/10/26/13643/)
One of the most important factors that is driving the global market for recycled PET (rPET) is the growing need for environmentally friendly packaging in the food and beverage industry. Customers are becoming more ecologically concerned, and as a result, they are giving higher priority to items that make use of recycled materials, particularly in the packaging. This move is a reflection of a larger trend towards sustainability, in which product manufacturers are responding to the expectations of consumers by incorporating recycled PET into their manufactured goods. The utilization of recycled polyethylene terephthalate (rPET) in a variety of products, ranging from beverages to condiments, contributes to the reduction of waste plastic, which is in line with the values of consumers as well as the objectives of the environment
The incorporation of recycled PET not only satisfies the need of customers but also improves the image of the company's brand, which is why a growing number of food and beverage firms are committed to environmentally responsible business practices. Because of this strategic move, they are able to support their long-term sustainability objectives which has led to a significant increase in the consumption of reduced PET. As a consequence of this, the dedication of the food and beverage sector to environmentally friendly packaging continues to drive growth in the market for recycled PET sheets.
A significant constraint on the global recycled PET business is the absence of an efficient structure for plastic trash collection and segregation. Effective collection and appropriate segregation are essential for acquiring high-quality rPET; yet, numerous places lack the requisite infrastructure to facilitate these operations. This shortage results in difficulties in obtaining a reliable supply of post-consumer PET bottles, the principal feedstock for rPET synthesis. Insufficient systems can lead to contamination and diminished material quality, hence impacting the cost-effectiveness and viability of recycling initiatives. The lack of standardized procedures impedes the efficient separation of PET from other plastics, hence restricting the availability of high-quality feedstock essential for scaling up rPET production.
The COVID-19 epidemic profoundly affected plastic garbage collection and recycling rates, especially in the U.S., South America, and Europe, resulting in a scarcity of recyclable bottles. With the increase in demand for personal protective equipment (PPE), attention switched to sustaining economic activities, hence eclipsing recycling initiatives. Although recycled PET (rPET) is a sustainable option, it is accompanied by problems, particularly about microfiber pollution arising from synthetic rPET materials. Companies are urged to promote knowledge of textile-friendly washing bags that collect detrimental microfibers during laundering. In reaction to the evolving market dynamics, producers in the recycled PET sector are enhancing their production capacities for 100% rPET bottles and ropes, with the objective of strengthening sustainability initiatives in a post-pandemic environment.
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In order to guarantee product quality and broaden their regional presence, major companies have integrated their raw material production and distribution operations. This strategic decision provides them with a competitive advantage by increasing profit margins and reducing costs. In order to maintain their position at the vanguard, these organizations are actively involved in research and development, creating innovative products that cater to the changing needs of the market and end-users.
In August 2023, Indorama Ventures has finalized a substantial expansion of its PET recycling facility in Juiz de Fora, Brazil, augmenting capacity from 9,000 to 25,000 tons annually, facilitated by a 'Blue Loan' from the IFC. This campaign corresponds with Indorama's Vision 2030 to improve global recycling initiatives and sustainability. (Source: https://www.indoramaventures.com/en/updates/other-release/2079/indorama-ventures-almost-triples-its-pet-recycling-capacity-in-brazil-supported-by-ifc-blue-loan) In March 2023, SK Chemicals entered into a $100 million agreement with China's Shuye to create the world's inaugural mass manufacturing system for recycled raw materials, concentrating on r-BHET and CR-PET. This acquisition seeks to improve pricing competitiveness and expedite SK's entry into the global recycled plastics industry, focusing on high-value applications. (Source: https://www.packaginginsights.com/news/sk-chemicals-and-shuye-sign-us100m-deal-for-worlds-first-recycled-raw-materials-production-system.html)
Top Companies Market Share in PET Plastic Recycling Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America currently dominates the PET Plastic Recyclings market, and the region is expected to have significant growth during the projected period. The government of the region has implemented robust policies to reduce plastic pollution and encourage the use of eco-friendly packaging. Consumers and enterprises are increasingly adopting sustainable practices. North American expansion is stimulated by packaging specifications that necessitate an increased proportion of recycled materials.
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) because of increasing development and rising consumption. Sustainable packaging is in demand in China and India due to rising packaged food and beverage consumption. As environmental consciousness rises, recycled materials become more popular. Asia Pacific's growing middle class is fueling packaged product demand.
The current report Scope analyzes PET Plastic Recycling Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global PET Plastic Recycling market size was estimated at USD 10548.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 4219.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
According to Cognitive Market Research, the global PET Plastic Recycling market size was estimated at USD 10548.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 3164.55 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
According to Cognitive Market Research, the global PET Plastic Recycling market size was estimated at USD 10548.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 2426.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
According to Cognitive Market Research, the global PET Plastic Recycling market size was estimated at USD 10548.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 527.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
According to Cognitive Market Research, the global PET Plastic Recycling market size was estimated at USD 10548.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 210.97 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031..
Global PET Plastic Recycling Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing PET Plastic Recycling Industry growth. PET Plastic Recycling market has been segmented with the help of its Technology, Type Application, and others. PET Plastic Recycling market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Mechanical PET Plastic Recyclings are likely to dominate the PET Plastic Recycling Market over the forecast period. Bottles are predominantly collected from curbsides during the initial phase of PET recycling. The recycling process commences with the delivery of collected plastic containers to a material recovery facility (MRF) or a plastics intermediate processing facility (IPC). MRFs are capable of integrating recyclables that have been collected and sorting them into their respective material categories. The defective material undergoes a sequence of sifting and cleansing phases during the reclaiming process to ensure that the necessary plastic material is separated from the rest.
The Chemical is the fastest-growing segment in the PET Plastic Recycling Market. Several factors, such as technological advancements that improve the efficacy and scalability of chemical recycling processes, are responsible for this growth. Chemical recycling decomposes PET plastics into their original constituents, which can subsequently be repolymerized to produce new, high-quality PET products. This technique is particularly advantageous because it is capable of processing a broader range of PET waste, such as pigmented and contaminated plastics, which are difficult to recycle using traditional mechanical methods.
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According to Cognitive Market Research, the PET Flakes segment holds the largest share of the market. Sustainability objectives and commitments are being implemented by numerous organizations in both developed and developing economies. This includes an increase in the utilization of recycled materials in their packaging and products. This is anticipated to increase the demand for recycled PET particles as companies endeavor to achieve their sustainability objectives.
In the PET Plastic Recycling Market, the PET Pellets/Granules has been expanding at a rapid pace. Pellets and granules are the preferred materials in a variety of industries, such as automotive, textiles, and packaging, due to their consistent quality and simplicity of processing. Thus, there is an increasing demand for high-quality recycled PET materials. Furthermore, the efficiency and cost-effectiveness of PET pellets and granule production have been enhanced by advancements in recycling technologies, rendering them more appealing to manufacturers.
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According to Cognitive Market Research, The Pharmaceuticals segment holds the largest market share. This rapid expansion is a result of the pharmaceutical industry's growing need for sustainable packaging solutions, which is being challenged to decrease its environmental impact. Furthermore, pharmaceutical packaging's stringent regulations and standards necessitate the use of high-quality recycled PET that is both secure and dependable for medical applications.
In the PET Plastic Recycling market, the rapidly growing sector is the Beverages category. It is the overwhelming volume of PET bottles used in the beverage industry, which includes water, soft drinks, and fruits, that has led to this dominance. The majority of the market share in this category is attributed to the established recycling infrastructure and high consumption rates of beverage bottles.
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Conclusion
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Technology | Mechanical, Chemical, Dissolution, Organic, Others |
Type | PET Flakes, PET Pellets/Granules |
Application | Beverages, Personal Care, Pharmaceuticals, Consumer Goods, Others |
List of Competitors | Phoenix Technologies International, LLC, Indorama Ventures Public Company Limited, UltrePET, LLC, ALPLA, CarbonLITE Industries LLC, JP Recycling Ltd, PETCO, Extrupet Group (Pty) Ltd, Evergreen Plastics, Inc., Verdeco Recycling, Inc., Seiu Japan Co., Ltd., Custom Polymers Inc., Marglen Industries, PolyQuest |
This chapter will help you gain GLOBAL Market Analysis of PET Plastic Recycling. Further deep in this chapter, you will be able to review Global PET Plastic Recycling Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of PET Plastic Recycling. Further deep in this chapter, you will be able to review North America PET Plastic Recycling Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of PET Plastic Recycling. Further deep in this chapter, you will be able to review Europe PET Plastic Recycling Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of PET Plastic Recycling. Further deep in this chapter, you will be able to review Asia Pacific PET Plastic Recycling Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of PET Plastic Recycling. Further deep in this chapter, you will be able to review South America PET Plastic Recycling Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of PET Plastic Recycling. Further deep in this chapter, you will be able to review Middle East PET Plastic Recycling Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of PET Plastic Recycling. Further deep in this chapter, you will be able to review Middle East PET Plastic Recycling Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of PET Plastic Recycling. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Technology Analysis 2019 -2031, will provide market size split by Technology. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Technology Analysis 2021 - 2033
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Chapter 11 Market Split by Type Analysis 2021 - 2033
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Chapter 12 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global PET Plastic Recycling market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Research Methodology and Sources
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Why Mechanical have a significant impact on PET Plastic Recycling market? |
What are the key factors affecting the Mechanical and Chemical of PET Plastic Recycling Market? |
What is the CAGR/Growth Rate of PET Flakes during the forecast period? |
By type, which segment accounted for largest share of the global PET Plastic Recycling Market? |
Which region is expected to dominate the global PET Plastic Recycling Market within the forecast period? |
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