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4 june 2019

The global PET recycling market is set to be worth 12.5 billion dollars in 2026

The latest report* published by the market research firm Acumen Research and Consulting reveals that the world recycled polyethylene terephthalate (rPET) market is set to reach $12.5 billion by 2026. And register an 8% average annual growth rate between 2018 and 2026.

The size of the global rPET market was estimated at $6.91 billion in 2018. With a PET bottle collection rate of 31% (above the global average), the American industry in particular has become a heavyweight in North America and the world.

 

According to the report, the key growth drivers for the rPET market over the 2018-2026 period are a heightened awareness by consumers of the need to protect the environment on the one hand, and the ban on landfill imposed by a growing number of countries in North America and Europe on the other.

 

By 2026, the rise of the beverage sector in the Asia-Pacific zone (Vietnam, China, South Korea, India, Japan and the Philippines) is set to boost rPET market growth, along with increased bottle-to-bottle production.

 

 

 

*Recycled Polyethylene Terephthalate (rPET) Market – Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 – 2026” report

 

Source: https://www.scrapmonster.com/news/world-recycled-pet-market-to-hit-125-billion-growing-at-8-cagr/1/71015

 

 

© ShinTakahashi