Report Description
A recent market intelligence report that is published by Data Insights Partner on Recycled Polyethylene Terephthalate Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international. The research study also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and world Recycled Polyethylene Terephthalate Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of international Recycled Polyethylene Terephthalate Market is offered.
Market Insights:
In accordance with the report, the Recycled Polyethylene Terephthalate Market is projected to expand at a CAGR of X.X% over the period of forecast. The global Recycled Polyethylene Terephthalate Market was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn in 2031, growing with a significant CAGR rate during the forecast period. The extensive application scope of Recycled Polyethylene Terephthalate (rPET) in various main application industries, such as FMCG, consumer goods, clothing & textile, and automotive, is the fundamental factor driving demand in North America. Recycled PET has great chemical characteristics, is lightweight, and is easily available for use in the packaging sector. The packaging business is predicted to rise as the working population’s demand for packaged food and beverages grows, as does the necessity for these products to have longer shelf lives. The usage of rPET in the production of polyester fibres is growing as the raw ingredients for fibre production become more affordable, making the process more cost-effective. Furthermore, as compared to regular polyester, the qualities associated with rPET fibres, such as high strength, functional versatility, and lower environmental impact, are driving its acceptance. Due to numerous regulations in place as well as increased consumer desire to purchase sustainable products, East Asia and Europe are expected to give a strong development opportunity for R-PET producers. In 2021, Asia Pacific was the largest geographical market, with a revenue share of over XX percent. Throughout the predicted period, it is expected to maintain its advantage. The regional market is distinguished by the abundance of land and a low-cost, trained labour force. Over the projection period, the movement in production landscape toward emerging nations, particularly China and India, is expected to positively influence regional market growth. Concerns regarding natural resource sustainability in North America and Europe’s growing economies are projected to have a beneficial impact on product demand over the forecast period. Product demand is likely to be boosted by a shift in preference toward developing manufacturing units in the Asia Pacific area, particularly in China, India, Vietnam, Indonesia, and Thailand.
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Research Methodology:
To compile the detailed study of the global Recycled Polyethylene Terephthalate Market, a robust research methodology has been adopted that aids in determining the key insights and also evaluates the growth prospects of the Recycled Polyethylene Terephthalate Market. Comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Our research methodology implements a mix of primary as well as secondary research. Our projects are initiated with secondary research, where we refer to a variety of sources including trade databases; government published documents, investor presentations, company annual reports, Industrial papers, and paid databases. To carry out secondary research, the analysts have collected the information through company annual reports, journals, company press releases, and paid databases that were referred to gain and identify better opportunities in the Recycled Polyethylene Terephthalate Market.
COVID-19 Scenario Analysis:
The COVID-19 outbreak has shaken the whole economy in the world. In this scenario some industries are doing quite well while others have been crushed. This section of the report has explored the overall status of the COVID-19 scenario. The industry witnessed a huge decline in terms of sales. Likewise, the Recycled Polyethylene Terephthalate Market was affected negatively due to the shutdown of manufacturing/processing facilities for some time. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.
Segment Covered:
Recycled Polyethylene Terephthalate Market report has been segmented By Product Type, By End Use Industry also includes the market size and forecast for all these segments. Compounded annual growth rates for all segments have also been provided for 2019 to 2031. This report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
Key Segments:
Recycled Polyethylene Terephthalate Market research report includes an in-depth coverage of the industry with estimates & forecast from 2022 to 2031, for the following segments:
Recycled Polyethylene Terephthalate Market, By Product Type, 2022-2031 (USD Million)
Cleared
Colored
Recycled Polyethylene Terephthalate Market, By End Use Industry, 2022-2031 (USD Million)
Fiber
Sheet & Film
Strapping
Food Grade Bottle & Containers
Non-Food Grade – Bottle & Containers
Others
Report Highlights:
The prime objective of the Recycled Polyethylene Terephthalate Market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with different major regions and more than 30 major countries across the globe. During the report’s production, extensive research and analysis were conducted. This research will assist readers in gaining a thorough understanding of the market.
Recycled Polyethylene Terephthalate Market, By Region, 2022-2031 (USD Million)
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North America ( United States, Canada, Mexico)
Europe (Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
South Asia ( India, Pakistan and Bangladesh)
East Asia (China, Japan and South Korea)
South East Asia (Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
Middle East (Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
Africa (Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
South America (Brazil, Argentina, Colombia, Chile, and Rest of SA)
Oceania (Australia and New Zealand)
Companies Profiled:
To enhance their position in the global market, key suppliers/manufacturers are concentrating on business expansion and product innovation. Manufacturers/producers are also working on boosting their manufacturing capacity and product quality to gain a competitive advantage. The following are some of the prominent manufacturers in the worldwide Recycled Polyethylene Terephthalate Market:
Phoenix Technologies International, LLC
Indorama Ventures Public Company Limited
UltrePET, LLC
ALPLA
CarbonLITE Industries LLC
JP Recycling Ltd
PETCO
Extrupet Group (Pty) Ltd
Evergreen Plastics, Inc.
Verdeco Recycling, Inc.
Seiu Japan Co., Ltd.
Custom Polymers Inc.
Marglen Industries
PolyQuest
Others
Recycled Polyethylene Terephthalate Market Report Highlights:
Detailed analysis of the parent market
Key players’ strategies and products supplied in the competitive landscape
Market segmentation in depth analysis
Market size in terms of volume and value, past, present, and future scenario
Potential and specialty areas, as well as geographical regions with promising growth prospects
Market players use this information to maintain and expand their market presence, thus it’s important to have an unbiased perspective on market performance.
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