RPET Market Revenue Share, Growth Factors, Trends, Analysis & Forecast, 2030
Reports and Data estimates the global RPET competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global RPET during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Verdeco Recycling, INC, Placon, Clear Path Recycling LLC, M&G Chemicals, Indorama Ventures Public LTD., Polyquest, Zhejiang Anshun Pettechs Fibre Co., Ltd., Phoenix Technologies, Evergreen Plastics, Inc. and Libolon.
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RPET Overview :-
The RPET (rPET) market is forecast to reach USD 13.43 Billion by 2028, according to a new report by Reports and Data. Polyethylene terephthalate (PET) can be described as a kind of plastic resin as well as a type of polyester. When these plastic resins are recycled completely, it becomes rPET (rPET). Its traits like high durability, thermo-stable, and transparency are some of the mentionable factors contributing to the popularity of PET. In addition to that, affordability, lightweight, shatter resistance, and most importantly, recyclability are results in its increasing acceptance among consumers. It is worth mentioning that rPET is formed by recycling plastics, which has previously been used as a packaging material as an instance, bottles. Once these used packaging materials are collected, it is sorted and cleaned, followed by which it is transformed to rPET, which can have various applications like it can be used as fibers, sheets & films, and packaging materials, among others. It is considered as an effective means of giving each bottle a new lease of life. Thus, increasing awareness about recyclability among consumers and the broad arena of application of rPET is propelling the growth of the market.
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For the purpose of this report Reports and Data has segmented global RPET market on the basis of type, application, and region:
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
· Colored
· Clear
Processing & Collection Methods Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
· Curbside Recycling
· Recycling Banks
· Recycling Drives
End-use Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
· Sheet & film
· Fiber
· Food & beverage bottles & containers
· Strapping
· Non-food bottles & containers
· Others
Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
· What is the expected year-on-year growth of the RPET during the forecast period?
· What key trends are expected influence revenue growth of the market going ahead?
· Which region is expected to account for largest revenue share over the forecast period?
· Which key companies are profiled in the report?
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