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Top Applications of the Recycled PET Market

Recycled PET has gained significant prominence in producing fiber for application across multiple industries. Read more about our blog on Recycled PET Market.

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Top Applications of the Recycled PET Market

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  1. Top Applications of the Recycled PET Market In2021,globalplasticsproductionreachedapproximately390.7millionmetrictons,a4%yearlygrowth.Highconsumptionresultsin300milliontonsofplasticwasteyearly,withabout60%disposedofinlandfills.CompaniesarethusupgradingproductlinesusingrecycledPETtoaddressconcernsaboutthetoxiceffectsofplasticwaste.Ourestimatessuggestthattheglobal recycled polyethylene terephthalate marketisanticipatedtoadvancewithaCAGRof7.05%duringtheforecastperiod2022-2028. WideningrPETApplications:AnEco-friendlyPathway Thefood&beveragecategoryholdsmajorsharesintheapplicationsegmentowingtotheriseindrinkconsumptionandbottle-to-bottleproduction.ClearrPETisamajorproducttypethathasgainedprominenceamongmanufacturersthatprefercleargranulestodevelopcontainers.Asperestimates,alargerbeverageconsumerbasehascompelledplayerstoemployrecycledplasticstogainacompetitiveedge,especiallyintheAsia-Pacific.Forinstance,in2019,theCoca-ColaCompanyattained88%recycledplasticuseinitspackaging. RecycledPEThasgainedsignificantprominenceinproducingfiberforapplicationacrossmultipleindustries,includingclothingandautomotive.Thecategory’sgrowthisdrivenbythelowcostofclothingandfavorablegovernmentmeasures.Inthis

  2. regard,coloredrPETisawidelyusedproducttypeforclothingsuchassportsJerseys.Inrecentyears,thefiberinthenonwoven,filling,andspinningsectorshassoared,whichhasincreasedrPETconsumption,especiallyacrossEuropeandtheAsia-Pacific.regard,coloredrPETisawidelyusedproducttypeforclothingsuchassportsJerseys.Inrecentyears,thefiberinthenonwoven,filling,andspinningsectorshassoared,whichhasincreasedrPETconsumption,especiallyacrossEuropeandtheAsia-Pacific. 3.RisingfoodconsumptionandconstructionintheAsia-Pacific,LatinAmerica,andtheMiddleEastsupportsthedemandforrecycledPETinsheet&filmapplications.Microwave-safecontainersaremainlypavingthewayforthissegment’sgrowth.Besides,rPETsheetsandfilmsinroofflooringhaveproventoeffectivelylimitleakageandsupportroofsduringhightemperatures.Theincreaseduseofsheetsinpackagingnon-foodproductsforexportsisanothertrendinthesegment. GrowthProspects:StringentGovernmentMeasures Increasingconcernsaboutplasticpollutionhaveencouragedgovernmentstoimposerestrictionsonpetro-basedplastic.Besides,usingnon-recycledpackagingproductshasattractedheavytaxes,whichisexpectedtoincentivizetheproductionofrecycledPET.Governmentbodieshaveleviedhighlandfilltippingfeesanddumpingtariffs,whichfurtherelevatesthedemandforsustainableproducts.Estimatessuggestrecyclingonetonofplasticcansavearound7.5cubicyardsoflandfillspace. Thus,inretrospect,thegrowingadoptionofreprocessedplasticsacrosssectorsisexpectedtoopenlucrativeopportunitiesfortheglobalrecycledpolyethyleneterephthalatemarket. FAQs: Q1)WhoarethepopularplayersintherecycledPETmarket? Biffa,CarbonliteIndustries,ClearPathRecyclingLLC,DuFor,andEvergreenPlasticsIncareamongthepopularplayersintherecycledPETmarket. Q2)WhicharethekeyapplicationareasofrPET? ThekeyapplicationareasofrPETincludefiber,F&B,non-foodbottles&containers,sheet&film,andstrapping.

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