Recycled PET Chips Market (Updated Version Available)

The report offers detailed coverage of Recycled PET Chips industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Recycled PET Chips by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
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.

The report forecast global Recycled PET Chips market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.

First, this report covers the present status and the future prospects of the global Recycled PET Chips market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
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


At the same time, we classify Recycled PET Chips according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market Segment as follows:
Market by Order Type
Clear Chip
Brown Chip
Green Chip
Blue Chip
Other
Market by Application
Bottles
Sheet
Fiber
Strapping

By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Recycled PET Chips market for the forecast period 2021 - 2025?
• What are the driving forces in the Recycled PET Chips market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Recycled PET Chips industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?