Recycling is the collection of used materials that would otherwise be waste to be broken down and remade into new products. Motivations for recycling include environmental sustainability and financial concerns sustainability because the reused material both prevents waste and reduce the consumption of new raw materials, and financial because it can be cheaper to produce different products from recycled materials. One of the main usages of this process is recycling of polymer materials and wastes, specially those made up of polypropylene and polyester.
This report focuses on Recycled PET Chips. PET, or polyethylene tephthalate, is semi-rigid to rigid, depending on thickness. It makes a good barrier method, especially for use in water bottles, soft and fizzy drink bottles, pots, tubs, oven ready trays, jam jars soft drink bottles. PET can be produced in a thin film, such as that which is used to make Mylar. It is also used for flexible food packaging. When recycled, it is made into fiberfill, carpeting, or non-food containers and bottles.
Recycled PET (RPET) is a viable alternative to virgin PET and can be used in multiple applications. Main application of RPET chips is used to produce fiber, which can be further fabricated as textile or carpets. In 2017, fiber takes 83.27% of total market share. Recycled PET chips can also be used to produce bottles, sheets, film, etc. Over the last several years, RPET has been successfully used in food packaging applications.
The price and demand of Recycled PET is greatly affected by the price of virgin PET chips. When the price of virgin PET chips goes up, the price of Recycled PET chips can also be lifted. The gross margin of the industry is not high due to the immature of the industry, as well as low entry barrier. However, the market space of Recycled PET is huge, as recycle rate of waste bottles has been growing in both developed and developing countries. The Global Recycled PET Chips market size was 7765.03 million USD in 2017 and it will be 11187.38 million USD in 2024, with a Growth Rate of 5.35% from 2017 to 2024.
According to this study, over the next five years the Recycled PET Chips market will register a 6.2% CAGR in terms of revenue, the global market size will reach US$ 11100 million by 2024, from US$ 7770 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Recycled PET Chips business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Recycled PET Chips market by product type, application, key manufacturers and key regions and countries.
This study considers the Recycled PET Chips value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Clear Chip
Brown Chip
Green Chip
Blue Chip
Other
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Bottles
Sheet
Fiber
Strapping
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Clean Tech Incorporated
Clear Path Recycling
Mohawk Industries Incorporated
CarbonLite Industries
Greentech
Visy
Evergreen Plastics
Extrupet
PolyQuest
Phoenix Technologies
Verdeco Recycling
4PET RECYCLING BV
Far Eastern Group
Kyoei Industry
Wellpine Plastic Industical
Lung Shing International
Longfu Recycling Energy Scientech
Suzhou Jiulong Recy & Tech
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Recycled PET Chips consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Recycled PET Chips market by identifying its various subsegments.
Focuses on the key global Recycled PET Chips manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Recycled PET Chips with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Recycled PET Chips submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Recycled PET Chips . Industry analysis & Market Report on Recycled PET Chips is a syndicated market report, published as Global Recycled PET Chips Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Recycled PET Chips market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.