Global Recycled PET Market Forecast to Reach $15 Billion by 2028 at 6.5% CAGR
The global recycled PET (rPET) market is projected to grow from USD 11.0 billion in 2023 to USD 15.0 billion by 2028, registering a CAGR of 6.5%, according to the report “Recycled PET Market by Type, Grade, Source, Application, Color & Region – Global Forecast to 2028.”
The increasing consumer demand for sustainable packaging and corporate sustainability initiatives are the primary drivers of this growth. As awareness of plastic waste’s environmental impact rises, rPET is becoming a preferred solution across industries.
Key Highlights:
- Bottles & containers are the largest and fastest-growing source segment for rPET, driven by widespread use in food & beverages, personal care, and household goods.
- Technological advancements in recycling processes now ensure rPET meets food-grade standards, boosting adoption by global brands.
- Asia Pacific (APAC) is expected to hold the largest market share, supported by rapid urbanization, a growing middle-class population, and rising consumption of packaged goods.
Top Market Players:
- Indorama Ventures Public Limited (Thailand)
- Biffa (UK)
- Far Eastern New Century Corporation (Taiwan)
- Plastipak Holdings Inc. (US)
- Alpek (Mexico)
- Others
With 313 pages, 529 market data tables, and 46 figures, the report offers comprehensive insights into the global recycled PET market.