Rising environmental concerns to fuel the demand for Recycled PET Chips market is set to grow at a CAGR of 4.5% by the year 2026: says Absolute Markets Insights

PET chips recycling is emerging to be a potential industry. Developed markets, where there is a high focus on environmental sustainability, have an organized and robust plastic recycling industry. Market players are adopting advanced technologies for collecting, sorting and reprocessing of recyclable plastics in order to streamline their operations and strengthen their foothold in the global recycled PET chips market.

Europe is amongst the largest producers of recycled PET chips. However, as the environmental concerns and related regulations rise, other emerging markets would slowly catch up. In coming future, plastic recycling industry would offer potential business opportunities in various global markets as focus towards using recycled plastic would continue to rise”. 

As per estimates, more than 60% of the PET bottles used in Europe are recycled every year. However, as far as developing countries like India and China are concerned, not even 25% of them are recycled. In these countries, rising government initiatives towards environmental protection would fuel the PET chips recycling industry in coming years.

The detailed research study provides qualitative and quantitative analysis of the very market. The recycled PET chips market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue as well as sales volume across regions and further, across all the major countries. The supply side analysis covers regional production volume and capacity analysis. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa and Latin America.

The global recycled PET chips market has witnessed the presence of a number of key players operating actively and continuously investing in R&D activities. Some of the major players include Clean Tech Incorporated, Clear Path Recycling (Clear Path Recycling), Mohawk Industries Incorporated (MOHAWK INDUSTRIES, INC.), CarbonLite Industries (CarbonLITE Industries), Visy, Evergreen Plastics, Extrupet, PolyQuest, Phoenix Technologies ( Phoenix Technologies Ltd.), Verdeco Recycling Inc., 4PET Recycling BV (4PET Recycling), Far Eastern Group, Kyoei Industry (KYOEI INDUSTORY CO.,LTD.) and Wellpine Plastic Industial (WELLPINE PLASTIC INDUSTRIAL CO.,LTD) amongst others. CarbonLite Industries are a well-established firm known for the utilization of secondhand plastic bottles from municipal curbside systems and deposit centers, and are compressed into half-ton bales for delivery to the CarbonLITE process facility in Riverside CA.

Recycled PET Chips Market - by Type:

  • Clear Chip
  • Brown Chip
  • Green Chip
  • Blue Chip
  • Other

Recycled PET Chips Market - by Applications:

  • Bottles
  • Sheet
  • Fiber
  • Strapping

Recycled PET Chips Market – by Region:

  • North America
    • U.S.
    • Rest of North America
  •  Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Southeast Asia
    • Rest of Asia Pacific
  • Middle East and Africa
    • GCC Countries
    • Southern Africa
    • Rest of Middle East and Africa
  • Latin America
    • Brazil
    • Rest of Latin America