Top Applications of the Recycled PET Market

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Top Applications of the Recycled PET Market
In 2021, global plastics production reached
approximately 390.7 million metric tons, a 4
yearly growth. High consumption results in 300
million tons of plastic waste yearly, with about
60 disposed of in landfills. Companies are thus
upgrading product lines using recycled PET to
address concerns about the toxic effects of
plastic waste. Our estimates suggest that the
global recycled polyethylene terephthalate market
is anticipated to advance with a CAGR of 7.05
during the forecast period 2022-2028.

• Widening rPET Applications An Eco-friendly
  Pathway
• The food beverage category holds major shares
  in the application segment owing to the rise in
  drink consumption and bottle-to-bottle
  production. Clear rPET is a major product type
  that has gained prominence among manufacturers
  that prefer clear granules to develop containers.
  As per estimates, a larger beverage consumer base
  has compelled players to employ recycled plastics
  to gain a competitive edge, especially in the
  Asia-Pacific. For instance, in 2019, the
  Coca-Cola Company attained 88 recycled plastic
  use in its packaging.
• Recycled PET has gained significant prominence in
  producing fiber for application across multiple
  industries, including clothing and automotive.
  The categorys growth is driven by the low cost
  of clothing and favorable government measures. In
  this

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regard, colored rPET is a widely used product
type for clothing such as sports Jerseys. In
recent years, the fiber in the nonwoven, filling,
and spinning sectors has soared, which has
increased rPET consumption, especially across
Europe and the Asia-Pacific. 3. Rising food
consumption and construction in the Asia-Pacific,
Latin America, and the Middle East supports the
demand for recycled PET in sheet film
applications. Microwave-safe containers are
mainly paving the way for this segments growth.
Besides, rPET sheets and films in roof flooring
have proven to effectively limit leakage and
support roofs during high temperatures. The
increased use of sheets in packaging non-food
products for exports is another trend in the
segment. Growth Prospects Stringent Government
Measures Increasing concerns about plastic
pollution have encouraged governments to impose
restrictions on petro-based plastic. Besides,
using non-recycled packaging products has
attracted heavy taxes, which is expected to
incentivize the production of recycled PET.
Government bodies have levied high landfill
tipping fees and dumping tariffs, which further
elevates the demand for sustainable products.
Estimates suggest recycling one ton of plastic
can save around 7.5 cubic yards of landfill
space. Thus, in retrospect, the growing adoption
of reprocessed plastics across sectors is
expected to open lucrative opportunities for the
global recycled polyethylene terephthalate market.
FAQs Q1) Who are the popular players in the
recycled PET market? Biffa, Carbonlite
Industries, Clear Path Recycling LLC, DuFor, and
Evergreen Plastics Inc are among the popular
players in the recycled PET market. Q2) Which
are the key application areas of rPET? The key
application areas of rPET include fiber, FB,
non-food bottles containers, sheet film, and
strapping.