Recycled PET (r-PET) Bottles Market Size By Product, By Grade, By Recycling Process, By Application, By Geographic Scope And Forecast


Posted October 9, 2020 by jennysmith22119

Recycled PET (r-PET) Bottles Market was valued at USD 2.27 Billion in 2019 and is projected to reach USD 4.14 Billion by 2027, growing at a CAGR of 7.8% from 2020 to 2027.

 
Recycled PET (r-PET) Bottles Market Size And Forecast
The Global Recycled PET (r-PET) Bottles Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Recycled PET (r-PET) Bottles Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.

Recycled PET (r-PET) Bottles Market was valued at USD 2.27 Billion in 2019 and is projected to reach USD 4.14 Billion by 2027, growing at a CAGR of 7.8% from 2020 to 2027.

What is Recycled PET (r-PET) Bottles?
PET is used as a basic component for the production of packaging materials. This PET material, that has been already utilized for the packaging of food and non-food products is used for manufacturing of bottles with the help of recycling process is known as Recycled PET (r-PET) bottles. In terms of type, recycled PET (r-PET) bottles are generally classified into two types i.e. clear and colored. Two types of methods which are used in recycling process are mechanical and chemical. The mechanical recycling method is broadly used for PET recycling, whereas chemical recycling method is still in the stage of development.

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Global Recycled PET (r-PET) Bottles Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

The governments of different countries have forced a ban on the usage of plastic products. Rising government provision for the recycling of products, the shift toward a circular economy and Rise in the demand for bottled water owing to demand safe drinking water are some major factors expected to drive the global recycled PET bottles market. However, the high initial cost associated with the recycling of PET bottles, lack of infrastructure facilities, less awareness about the benefits of plastic recycling between manufacturers and consumers and low collection and recycling rates are few factors anticipated to hamper the market growth.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Recycled PET (r-PET) Bottles Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Global Recycled PET (r-PET) Bottles Market Competitive Landscape
The “Global Recycled PET (r-PET) Bottles Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Extrupet Group (Pty) Ltd., Phoenix Technologies International LLC., CarbonLITE Industries LLC, UltrePET, LLC., Vanden Global Ltd., Seiu Japan Co., Ltd., ALPLA Werke Alwin Lehner GmbH & Co KG, SEINAN Corporation, Kuusakoski Oy and Evergreen Plastics, Inc. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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Recycled PET (r-PET) Bottles Market, By Product
• Clear
• Colored

Recycled PET (r-PET) Bottles Market, By Grade
• Food
• Non-food

Recycled PET (r-PET) Bottles Market, By Recycling Process
• Mechanical
• Chemical

Recycled PET (r-PET) Bottles Market, By Application
• Packaging
• Mono Filaments
• Industrial Yarn
• Building Materials
• Strapping
• Others

Recycled PET (r-PET) Bottles Market, By Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World

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Last Updated October 9, 2020