Reports and Data estimates the global Recycled Polyethylene Terephthalate competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Recycled Polyethylene Terephthalate during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Verdeco Recycling, INC, Placon, Clear Path Recycling LLC, MG Chemicals, Indorama Ventures Public LTD., Polyquest, Zhejiang Anshun Pettechs Fibre Co., Ltd., Phoenix Technologies, Evergreen Plastics, Inc. and Libolon.
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Recycled Polyethylene Terephthalate Overview :-
The Recycled Polyethylene Terephthalate (rPET) market is forecast to reach USD 13.43 Billion by 2028, according to a new report by Reports and Data. Polyethylene terephthalate (PET) can be described as a kind of plastic resin as well as a type of polyester. When these plastic resins are recycled completely, it becomes recycled polyethylene terephthalate (rPET). Its traits like high durability, thermo-stable, and transparency are some of the mentionable factors contributing to the popularity of PET. In addition to that, affordability, lightweight, shatter resistance, and most importantly, recyclability are results in its increasing acceptance among consumers. It is worth mentioning that rPET is formed by recycling plastics, which has previously been used as a packaging material as an instance, bottles. Once these used packaging materials are collected, it is sorted and cleaned, followed by which it is transformed to rPET, which can have various applications like it can be used as fibers, sheets films, and packaging materials, among others. It is considered as an effective means of giving each bottle a new lease of life. Thus, increasing awareness about recyclability among consumers and the broad arena of application of rPET is propelling the growth of the market.
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For the purpose of this report Reports and Data has segmented global Recycled Polyethylene Terephthalate market on the basis of type, application, and region:
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Colored
- Clear
Processing Collection Methods Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Curbside Recycling
- Recycling Banks
- Recycling Drives
End-use Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Sheet film
- Fiber
- Food beverage bottles containers
- Strapping
- Non-food bottles containers
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Recycled Polyethylene Terephthalate during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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