Recycled PET Chips Market Size and Growth Forecast: Global Insights and Analysis
Report ID : 1358056 | Published : May 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Recycled PET Chips Market is categorized based on Product Type (Food Grade PET Chips, Non-Food Grade PET Chips) and Application (Bottles, Textiles, Automotive Parts, Electronics, Others) and End-User Industry (Packaging, Textiles, Automotive, Consumer Goods, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
As of 2023, the Recycled PET Chips Market size stood at $5.3 billion and is expected to attain $12.4 billion by 2033, growing at a 8.8% CAGR from 2024 through 2033. The report includes diverse segments and offers an analysis of trends and factors substantially impacting the market.
The Recycled PET Chips Market is undergoing a change with the advancement of technology and a focus on sustainability in both manufacturing and consumption. There has been an increase in concern about the environment which needs to be addressed through legal means. There is an increase in the need for green substitutes to conventional plastics. rPET chips, made from old PET bottles and containers, sit in the heart of this problem as they mitigate the issue of wastage while saving important resources. As circumstantial practices like schemes for waste reduction and resource management become common, increasing innovations will also lead to greater usage thus enlarging the scope of rPET chips.
Lately, the rPET chips industry has grown into new markets such as packaging, textiles, automotive, and consumer goods beyond its traditional scope. This growth is attributed to improvements in recycling technologies and consumer awareness regarding the impact of their purchasing decisions. Businesses are increasingly looking for sustainable materials due to heightened regulations, market competition, and consumer demand. In doing so, they improve their competitiveness in a fast-changing market. While studying the dynamics of the Recycled PET Chips Market, we will analyze important trends, market drivers, challenges, and prospects that define this crucial market segment of the economy.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | Indorama Ventures Public Company Limited, M&G Chemicals, Alpek S.A.B. de C.V., SABIC, Kraton Corporation, BASF SE, Lotte Chemical Corporation, Plastipak Holdings Inc., Clear Path Recycling LLC, Recycled Polyethylene Terephthalate (rPET) Inc., Greenback Recycling Technologies |
| SEGMENTS COVERED |
By Product Type - Food Grade PET Chips, Non-Food Grade PET Chips
By Application - Bottles, Textiles, Automotive Parts, Electronics, Others
By End-User Industry - Packaging, Textiles, Automotive, Consumer Goods, Others
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Recycled PET Chips Market Dynamics
The Recycled PET Chips Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Recycled PET Chips Market Segmentations
Market Breakup by Product Type
- Overview
- Food Grade PET Chips
- Non-Food Grade PET Chips
Market Breakup by Application
- Overview
- Bottles
- Textiles
- Automotive Parts
- Electronics
- Others
Market Breakup by End-User Industry
- Overview
- Packaging
- Textiles
- Automotive
- Consumer Goods
- Others
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the Recycled PET Chips Market
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- Indorama Ventures Public Company Limited
- M&G Chemicals
- Alpek S.A.B. de C.V.
- SABIC
- Kraton Corporation
- BASF SE
- Lotte Chemical Corporation
- Plastipak Holdings Inc.
- Clear Path Recycling LLC
- Recycled Polyethylene Terephthalate (rPET) Inc.
- Greenback Recycling Technologies
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● Detailed profiling of additional market players (up to three players)
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● Benchmarking of key players on the following parameters : Product portfolio, geographical reach, regional presence, and strategic alliances.
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