The Market Reports

Synopsis

The global market for Recycled Polyethylene Terephthalate (PET) was estimated to be worth US$ 13370 million in 2024 and is forecast to a readjusted size of US$ 20770 million by 2031 with a CAGR of 6.9% during the forecast period 2025-2031.

Polyethylene terephthalate, commonly referred to as PET or polyester resin, is a versatile condensation polymer synthesized from terephthalic acid and ethylene glycol. Its inherent durability, clarity, and resistance to moisture make it an ideal material for a wide range of applications. When PET is collected from used bottles and various forms of post-consumer waste, it undergoes a series of recycling processes to produce what is known as recycled polyester. This reprocessed material retains many of the beneficial properties of virgin PET while contributing to environmental sustainability by reducing waste and conserving resources. The recycling process not only helps in managing plastic waste more effectively but also supports the broader movement towards a circular economy. By transforming discarded PET into valuable raw material, recycled polyester serves as a critical component in various industries, simultaneously addressing environmental concerns and meeting the demand for high-performance polymers.

Market dynamics in the recycled PET industry are shaped by an intricate interplay between upstream raw material sources and a diverse array of downstream applications. The primary supply of recycled PET originates from the petrochemical sector and the extensive network of waste plastic recycling operations. These upstream industries provide the essential inputs required for reprocessing PET into a usable form. Downstream, the versatility of recycled polyester finds expression in numerous sectors such as clothing, home textiles, and shoemaking, where the material’s strength, lightweight properties, and ease of processing are highly valued. Among the various recycling processes available, material recycling has emerged as the mainstream approach due to its efficiency and broad applicability. Within the spectrum of applications, the textile sector remains the dominant field, driven by the need for sustainable, high-quality fibers. Meanwhile, innovations in the recycling process are paving the way for a gradual increase in the use of recycled polyester in food-grade applications, further diversifying its market potential. This multifaceted value chain, which spans from waste collection and reprocessing to end-product manufacturing, underscores the significant role that recycled PET plays in modern manufacturing and sustainable development.

Regionally, the landscape of the recycled PET market is characterized by robust growth and evolving competitive dynamics, particularly within the Asia-Pacific region. Key markets in this region benefit from large-scale production capabilities, well-established recycling infrastructures, and a strong commitment to environmental sustainability. Within this context, one country stands out as a major production hub, further reinforcing its influence on global market trends.

Additionally, fast-developing regions within Asia are poised to accelerate market growth due to rising consumer demand and increased investments in recycling technologies. The market is also marked by a fragmented supplier base, where a mix of core multinational manufacturers and numerous small to medium-sized enterprises coexist. This fragmentation stems from the relatively low entry barriers in the recycling industry, coupled with varying levels of technological expertise among suppliers. As industry players continue to innovate and streamline their operations, competitive pressures are driving improvements in product quality and process efficiency. Looking ahead, a confluence of regulatory support, technological advancements, and growing environmental consciousness is expected to sustain the upward trajectory of the recycled PET market, positioning it as a key contributor to both economic development and environmental stewardship.

This report aims to provide a comprehensive presentation of the global market for Recycled Polyethylene Terephthalate (PET), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Recycled Polyethylene Terephthalate (PET) by region & country, by Color, and by Application.

The Recycled Polyethylene Terephthalate (PET) market size, estimations, and forecasts are provided in terms of sales volume (Tons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Recycled Polyethylene Terephthalate (PET).

Market Segmentation

By Company

• Indorama Ventures
• Far Eastern New Century
• ALPLA Recycling
• Alpek
• Greentech
• Veolia
• Plastipak Holdings
• Samyang Packaging
• Valgroup
• Jiangsu Eastern Shenghong
• Jiangsu Oceantex Fiber
• Suzhou Jiulong Recy & Tech
• Elite Color
• Haili Environmental Technology
• Xingke Chemical Fiber
• Zhejiang Jiaren New Materials
• Guangdong Qiusheng Resources
• Jiangsu Zhongyuan Runsheng
• Baichuan Resource Regeneration Technology
• Guangxi Guolong Renewable Resources

Segment by Color

• Material Recycling
• Chemical Recycling

Segment by Application

• Textile
• Bottles
• Sheet
• Film
• Molded Part
• Others

Segment by Region

• North America: United States, Canada, and Mexico
• Europe: United Kingdom, Germany, France, Spain, Italy, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific
• Middle East & Africa: Saudi Arabia, South Africa, and Rest of MEA
• Latin America: Brazil, Argentina, and Rest of Latin America

*If you need a regional or country-specific version, or customized segmentation, we can tailor the report to your requirements.