Recycled PET Market - Trends Forecast Till 2028

Recycled PET Market by Type (Flakes, Chips), Grade (Grade A, Grade B), Source (Bottles & Containers, Films & sheets), Application (Bottles, fibre, Sheets, Strapping) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: November, 2021

Base Year Estimate: 2020

Report ID: D-CM-RPETM-408


Number of Pages: 257

Domain: Chemicals & Materials

Recycled PET Market – Trends Forecast Till 2028

The global Recycled PET market size is expected to grow from USD 8.9 billion in 2021 to USD 11.7 billion by 2026, at a CAGR of 5.7% during the forecast period 2021-2028.

Recycled PET is a synthetic compound prepared from used PET products, which finds application in a wide range of end-use industries. Clear recycled PET is widely used in multiple applications, such as in the production of resins and fibres.

Rapid growth in terms of collection, domestic recycling, recovery of PET, and export of PET waste and implementation of legislative regulations has been witnessed in the market for RPET are some of the factors that have supported long-term expansion for Recycled PET Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. The global recycled PET market is expected to witness a slight decrease in its growth as plastic recycling activities are slowed down because of covid-19 pandemic.

Recycled PET Market Report

The EU directive includes a target of incorporating 25 percent recycled content in all PET beverage bottles from 2025 and increasing this to 30 percent from 2030. Leading brands such as Coca-Cola, Danone, and PepsiCo have called for a projected 50 percent use of RPET in their bottles by 2030. The demand for food-grade RPET can potentially increase by 10-15% in both India and Southeast Asia.

Recycled PET Market is segmented into material type, grade, application, source and region.

On the basis of Type      

  • RPET Flakes
  • RPET Chips Recycled PET Market, By Grade
  • Grade A
  • Grade

On the basis of Application

  • Bottles
  • Fiber
  • Sheets
  • Strapping
  • Others

On the basis of Source

  • Bottles & Containers
  • Films & Sheets
  • Others

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Recycled PET Market Primary Respondent


Key Players

  • Indorama Ventures Public Limited
  • Biffa
  • Far Eastern New Century Corporation
  • Plastipak Holdings Inc
  • Alpek

Recent Developments

  • In September 2021, Biffa acquired the Collections business and certain recycling assets from Viridor Waste Management Limited. The acquisition is expected to expand Biffa's I&C collections business and recycling capabilities, broadening the Group's customer base, and strengthening its leading position in sustainable waste management in the UK.
  • In June 2021, Indorama Ventures acquired the CarbonLite Holdings’ facility in Texas as part of the company’s commitment to increasing PET recycling capacity.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Recycled PET Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope


Report Feature


Market Revenue In 2021

USD 8.9 billion

Growth Rate

CAGR of 5.7% during the forecasting period, 2021-2026

Historical Data


Forecast Years


Base Year


Units Considered

Revenue in USD billion and CAGR from 2021 to 2026

Report Segmentation

material type, grade, application, source and region

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Key players are, Indorama Ventures Public Limited, Biffa, Far Eastern New Century Corporation, Plastipak Holdings Inc, Alpek

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