#Recycled Polyethylene Terephthalate Market Share

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Recycled Polyethylene Terephthalate Market - Forecast (2024 - 2030)

 Recycled polyethylene terephthalate Market Overview

The Recycled polyethylene terephthalate market size is estimated to reach US$16.5 billion by 2030, growing at a CAGR of 6.4% from 2024 to 2030. Polyethylene terephthalate (PET) is a recyclable plastic resin and a form of polyester. PET polyester is composed of ethylene glycol (EG) and terephthalic acid (TPA), also known as purified terephthalic acid (PTA). Recycled polyethylene terephthalate is used in plastic bottles and food containers due to its protective properties. Once the original PET containers are used by consumers, they undergo a recycling program in a facility that cleans and transforms the plastic into rPET flakes and pellets. The rPET flakes and pellets can then be reused to make new products, such as plastic for food and beverage containers, fiber for clothing and carpets, and others. Recycled polyethylene terephthalate is environmentally friendly because it has a lower carbon footprint than virgin polyethylene terephthalate. According to the PET resin association (PETRA), more than 1.5 billion pounds of used PET bottles and containers including beverage bottles and containers are recovered in the United States each year for recycling. The increased demand for beverage bottles and containers made of recycled polyethylene terephthalate (rPET) will drive the recycled polyethylene terephthalate industry in the forecast period. The increase in recycling programs like the recycling and litter prevention program 2021 program by the United States environmental protection agency (EPA), will drive the recycled polyethylene terephthalate market.

COVID-19 Impact

The COVID-19 had negatively impacted the recycled polyethylene terephthalate market. This is because of the challenges faced during 2020, due to the closure of recycling centers and disruption in curbside recycling because of lockdown conditions. According to a report by National Association for PET container Resources (NAPCOR), the recycling rate for the highly recyclable plastic resin PET plastic bottles made of highly recyclable plastic resin in the U.S. stood at 26.6% in 2020, down from the rate of 27.9% in 2019. Additionally, the collection of PET bottles recorded a marginal decline of 2.3% in the U.S during 2020. With this decline in the recycling rate of polyethylene terephthalate, there was a decline in the recycled polyethylene terephthalate market.

Report Coverage

The report: “Recycled Polyethylene Terephthalate Market– Forecast (2024-2030)” by IndustryARC covers an in-depth analysis of the following segments of the Recycled polyethylene terephthalate industry. By Product Type: Colored Recycled Polyethylene Terephthalate, Clear Recycled Polyethylene Terephthalate By Application: Textile Fiber (Clothing, Shoes, Bags, Carpet, Others), Sheet and Films, Industrial Strapping, Food and Beverage (Food Containers, Beverage Bottles), Others By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)

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Key Takeaways

The increased demand for food and beverage containers and bottles made of recycled polyethylene terephthalate (rPET) will drive the recycled polyethylene terephthalate Market.

The increased use of clear recycled polyethylene terephthalate made of highly recyclable plastic resin by beverage manufacturers like Coca-Cola will increase the growth of the recycled polyethylene terephthalate market.

North America will be the fastest-growing region in the recycled polyethylene terephthalate market due to the increased demand for bottled water.

Recycled Polyethylene Terephthalate Market Segment Analysis – By Product Type

Clear recycled polyethylene terephthalate holds the largest share in the recycled polyethylene terephthalate market and is expected to grow at a CAGR of 5.9% during the forecast period. Clear rPET made by recycling plastic resin has low energy requirements and provides easy bottle-to-bottle recycling. Additionally, clear rPET is highly durable, lightweight, and non-reactive and thus food and beverage manufacturers prefer clear flakes to produce containers and bottles, compared to colored. According to a news article by Coco-Cola Company, Sprite will soon launch a 13.2-oz bottle which is a 100% rPET clear bottle in the Northeast, California, and Florida. All Sprite packaging will transition to clear packaging, which is easier to be recycled and remade into new bottles, by the end of 2022. Thus, due to the wide use of clear rPET flakes by major players in the beverage industry, there will be increased growth in the Recycled polyethylene terephthalate Market in the forecast period.

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Recycled Polyethylene Terephthalate Market Segment Analysis – By Application

Bottles and containers are the fastest-growing segment in the recycled polyethylene terephthalate market and is expected to grow at a CAGR of 6.9%.  Recycled polyethylene terephthalate (rPET) which is made by recycling plastic resin polyethylene terephthalate, is ideally suitable for a variety of food and beverage applications including bottled water, carbonated soft drinks, juices, fruit, baked goods, and others. It is mainly used in bottles, thermoformed containers, and films, as well as other containers. This is because rPET has higher package performance because of its higher intrinsic viscosity (IV) and also has reduced CO2 emission during the manufacturing process. According to an article by Natural mineral water’s Europe organization, nestle Water is accelerating the use of recycled materials for the bottles of its natural mineral water lines to have all of its bottles contain rPET by the end of 2021. This is a major step toward Nestle Waters goal of achieving carbon neutrality in the upcoming years. Thus, the increased use of recycled polyethylene terephthalate in food and beverage containers and bottles will drive the recycled polyethylene terephthalate market in the forecast period.

Recycled Polyethylene Terephthalate Market Segment Analysis – By Geography

North America held a significant share in the recycled polyethylene terephthalate market in 2021. This is due to the rise in demand for bottled water across this region. According to the Beverage Marketing Corporation (BMC)- the US, the annual sales of bottled water increased by 4.7% in 2020 and the consumption grew by 4.2%. There are many bottled water companies like Bisleri, that have been voluntary including rPET in their containers by recycling plastic resin polyethylene terephthalate. They offer their product in containers that are made of 50, 75, or even 100 percent rPET. Thus, the growth of bottled water in the North American region will increase the growth of the recycled polyethylene terephthalate Market.

Recycled Polyethylene Terephthalate Market Drivers

Increasing growth in beverage containers in the North America region

There has been significant growth in the demand for beverage containers in the North American region. According to an article by Beverage Marketing Corporation USA, in 2020, there has been an increase in the market share of bottled water from 14.1 percent to 23.6 percent and Carbonated soft drinks share has increased by 18.3 percent. This is because rPET bottled water’s packaging has a negligible environmental footprint when compared to other packaging types including aluminum, glass, paperboard cartons, and even PET soda bottles. Owing to the demand for beverage bottles in North America, there will be increased use of Recycled polyethylene terephthalate which will drive the Recycled polyethylene terephthalate Market.

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Growing recycling programs will drive the recycled polyethylene terephthalate market.

Owing to several recycling programs, there will be a growth in the supply of rPET. For instance, the United States Environmental Protection Agency (EPA) came up with EPA Recycling and Litter Prevention Program 2021 program which helps support businesses and academic institutions to initiate recycling programs, encourage sustainable practices, and support litter prevention efforts. The U.S. recycling infrastructure and programs will influence the amount of PET that is available to facilities to help them produce rPET made out of these plastic resins. According to an article by the International bottled water association, the association has approved an innovative framework for a material recovery program that helps in developing new, comprehensive solutions which to increase recycling processes throughout the United States. 

Recycled Polyethylene Terephthalate Market Challenges

An increase in the amount of contamination is a major challenge for the recycled polyethylene terephthalate market

The increase in the amount of contamination is a major challenge for the recycled polyethylene terephthalate market. This is due to the rise in the proportion of inhomogeneous components in the material flow. According to an article by Food Packaging Forum, higher levels of particle contamination were found in rPET which is produced by recycling plastic resin polyethylene terephthalate, as compared to virgin PET, as well as in rPET originating from co-collection systems compared with rPET from mono-collection systems. Particle contamination is found to be directly correlated with the haziness and color parameters of PET bottles. The packaging market continues to grow at a strong pace, with a steady beat of new products using new designs and materials. This has led to greater difficulty in separating different resin types and thus increased contamination which results in loss of materials and utilization rates.

Recycled Polyethylene Terephthalate Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies that are adopted by the dominant players in this market. Recycled polyethylene terephthalate top 10 companies include:

Ulsan Chemical Co. Ltd.

OCI Materials Co.

Formosa Plastics Corporation U.S.A.

Mitsui Chemicals Inc

SK Materials Co. Ltd.

Linde plc

Central Glass Co Ltd

Shandong FeiYuan Technology Co. Ltd.

Liming Research Institute of Chemical Industry Co. Ltd.

Navin Fluorine International Limited

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Acquisitions/Technology Launches

In August 2020, Indorama Ventures Public Company Limited (IVL), a major player in the recycled polyethylene terephthalate market, announced that it has entered into an acquisition with Industrie Maurizio Peruzzo Polowat, a PET recycling facility in Poland. This acquisition will consist of production sites having a combined capacity of 25,353 tons of recycled polyethylene terephthalate (rPET) flakes and 4,409 tons of rPET pellets.

In October 2021, Placon announced that it is expanding its production capacity and employee base with the acquisition of a former Sonoco packaging operation in Wilson, North Carolina. Placon agreed to purchase substantially all operating equipment over a 112,000 square foot location. This expansion will help in expanding Placon’s thermoforming sustainable recycled PET packaging products.

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Recycled Polyethylene Terephthalate Market Trends Analysis Report By Product, End-Use, Region And Forecast To 2030 : Grand View Research Inc.

Recycled Polyethylene Terephthalate Market Trends Analysis Report By Product, End-Use, Region And Forecast To 2030 : Grand View Research Inc.

San Francisco, 12 Aug 2022: The Report Recycled Polyethylene Terephthalate Market Size, Share & Trends Analysis Report By Product (Clear, Colored), By End-use (Fiber, Food & Beverage Containers And Bottles), By Region, And Segment Forecasts, 2022 – 2030 The global recycled polyethylene terephthalate market size is expected to reach USD 18.46 billion by 2030, according to a new study by Grand…

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Recycled Polyethylene Terephthalate Market 2022 Global Industry Extensive Competitive Landscape on Size, Volume, Trends, Share and Revenue| Regional Forecast By 2028

Recycled Polyethylene Terephthalate Market 2022 Global Industry Extensive Competitive Landscape on Size, Volume, Trends, Share and Revenue| Regional Forecast By 2028

This report studies the Recycled Polyethylene Terephthalate Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete Recycled Polyethylene Terephthalate Market analysis segmented by companies, region, type…

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Polyester Fiber Market Research Report | 2024 - 2031

The "Polyester Fiber Market" is a dynamic and rapidly evolving sector, with significant advancements and growth anticipated by 2031. Comprehensive market research reveals a detailed analysis of market size, share, and trends, providing valuable insights into its expansion. This report delves into segmentation and definition, offering a clear understanding of market components and drivers. Employing SWOT and PESTEL analyses, the study evaluates the market's strengths, weaknesses, opportunities, and threats, alongside political, economic, social, technological, environmental, and legal factors. Expert opinions and recent developments highlight the geographical distribution and forecast the market's trajectory, ensuring a robust foundation for strategic planning and investment.

What is the projected market size & growth rate of the Polyester Fiber Market?

Market Analysis and Size

Polyester fiber plays a crucial role in the production of specific types of car tire reinforcements. Moreover, polyester fiber is used to make fabrics that are used in conveyor belts and safety belt manufacturing due to its strong and lightweight properties.

Data Bridge Market Research analyses that the Global Polyester Fiber Market which was USD 3,361.98 million in 2022, would rocket up to USD 5,545.68 million by 2030, and is expected to undergo a CAGR of 6.2% during the forecast period of 2023 to 2030. “Polyethylene terephthalate (PET) polyester segment” dominates the type segment of the Global Polyester Fiber Market part owing to its use in the production of high-quality fabrics and its ability to blend with other materials in order to enhance wrinkle-free and stain-resistant qualities. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 350 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

This research report is the result of an extensive primary and secondary research effort into the Polyester Fiber market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Polyester Fiber Market.

Get a Sample PDF of Report - https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-polyester-fibre-market

Which are the driving factors of the Polyester Fiber market?

The driving factors of the Polyester Fiber market include technological advancements that enhance product efficiency and user experience, increasing consumer demand driven by changing lifestyle preferences, and favorable government regulations and policies that support market growth. Additionally, rising investment in research and development and the expanding application scope of Polyester Fiber across various industries further propel market expansion.

Polyester Fiber Market - Competitive and Segmentation Analysis:

Global Polyester Fiber Market, By Type (Polyester Staple Fiber (PSF), Polyester Filament Yarn (PFY)), Source (Virgin, Recycled and Blended), Grade (Polyethylene Terephthalate (PET) Polyester, PCDT Polyester), Form (Solid, Hollow), Application (Carpets and Rugs, Non-Woven Fabrics, Fiberfil, Apparel, Home textiles, Others) - Industry Trends and Forecast to 2031.

How do you determine the list of the key players included in the report?

With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.

Which are the top companies operating in the Polyester Fiber market?

Some of the major players operating in the global polyester fiber market are:

Reliance Industries Limited (Mumbai, India)

Sarla Performance Fibers Limited (Portugal

Märkische Faser GmbH (Germany)

Poly Fiber Industries (India)

Toray Industries Inc. (Japan)

Nirmal Fibers (P) Ltd (India)

Indorama Ventures Public Company Limited (Thailand)

Stein Fibers LTD. (U.S.)

Green Group S.A. (Peru)

Kayavlon (India)

Diyou Fiber (M) Sdn Bhd (Malaysia)

Swicofil AG (Switzerland)

Sinopec Yizheng Chemical Fiber Limited Liability Company (China)

Alpek S.A.B. de C.V (Mexico)

Zhejiang Hengyi Group Co. Ltd. (China)

Short Description About Polyester Fiber Market:

The Global Polyester Fiber market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

North America, especially The United States, will still play an important role which can not be ignored. Any changes from United States might affect the development trend of Polyester Fiber. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.

Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2024-2031.

Polyester Fiber Market size is projected to reach Multimillion USD by 2031, In comparison to 2024, at unexpected CAGR during 2024-2031.

Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.

This report focuses on the Polyester Fiber in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

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What are your main data sources?

Both Primary and Secondary data sources are being used while compiling the report. Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2031) of the following regions are covered in Chapters

What are the key regions in the global Polyester Fiber market?

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil, Argentina, Columbia etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

This Polyester Fiber Market Research/Analysis Report Contains Answers to your following Questions

What are the global trends in the Polyester Fiber market?

Would the market witness an increase or decline in the demand in the coming years?

What is the estimated demand for different types of products in Polyester Fiber?

What are the upcoming industry applications and trends for Polyester Fiber market?

What Are Projections of Global Polyester Fiber Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?

Where will the strategic developments take the industry in the mid to long-term?

What are the factors contributing to the final price of Polyester Fiber?

What are the raw materials used for Polyester Fiber manufacturing?

How big is the opportunity for the Polyester Fiber market?

How will the increasing adoption of Polyester Fiber for mining impact the growth rate of the overall market?

How much is the global Polyester Fiber market worth? What was the value of the market In 2020?

Who are the major players operating in the Polyester Fiber market? Which companies are the front runners?

Which are the recent industry trends that can be implemented to generate additional revenue streams?

What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Polyester Fiber Industry?

Customization of the Report

Can I modify the scope of the report and customize it to suit my requirements? Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.

Inquire more and share questions if any before the purchase on this report at - https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-polyester-fibre-market

Detailed TOC of Global Polyester Fiber Market Insights and Forecast to 2031

Introduction

Market Segmentation

Executive Summary

Premium Insights

Market Overview

Polyester Fiber Market By Type

Polyester Fiber Market By Function

Polyester Fiber Market By Material

Polyester Fiber Market By End User

Polyester Fiber Market By Region

Polyester Fiber Market: Company Landscape

SWOT Analysis

Company Profiles

Continued...

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Data Bridge Market Research:

Today's trends are a great way to predict future events!

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Top Applications of the Recycled PET Market

In 2021, global plastics production reached approximately 390.7 million metric tons, a 4% yearly growth. High consumption results in 300 million tons of plastic waste yearly, with about 60% disposed of in landfills. Companies are thus upgrading product lines using recycled PET to address concerns about the toxic effects of plastic waste. Our estimates suggest that the global recycled polyethylene terephthalate market is anticipated to advance with a CAGR of 7.05% during the forecast period 2022-2028.

Widening rPET Applications: An Eco-friendly Pathway

The food & beverage category holds major shares in the application segment owing to the rise in drink consumption and bottle-to-bottle production. Clear rPET is a major product type that has gained prominence among manufacturers that prefer clear granules to develop containers. As per estimates, a larger beverage consumer base has compelled players to employ recycled plastics to gain a competitive edge, especially in the Asia-Pacific. For instance, in 2019, the Coca-Cola Company attained 88% recycled plastic use in its packaging.

Recycled PET has gained significant prominence in producing fiber for application across multiple industries, including clothing and automotive. The category’s growth is driven by the low cost of clothing and favorable government measures. In this regard, colored rPET is a widely used product type for clothing such as sports Jerseys. In recent years, the fiber in the nonwoven, filling, and spinning sectors has soared, which has increased rPET consumption, especially across Europe and the Asia-Pacific.

Rising food consumption and construction in the Asia-Pacific, Latin America, and the Middle East supports the demand for recycled PET in sheet & film applications. Microwave-safe containers are mainly paving the way for this segment’s growth. Besides, rPET sheets and films in roof flooring have proven to effectively limit leakage and support roofs during high temperatures. The increased use of sheets in packaging non-food products for exports is another trend in the segment.

Growth Prospects: Stringent Government Measures

Increasing concerns about plastic pollution have encouraged governments to impose restrictions on petro-based plastic. Besides, using non-recycled packaging products has attracted heavy taxes, which is expected to incentivize the production of recycled PET. Government bodies have levied high landfill tipping fees and dumping tariffs, which further elevates the demand for sustainable products. Estimates suggest recycling one ton of plastic can save around 7.5 cubic yards of landfill space.

Thus, in retrospect, the growing adoption of reprocessed plastics across sectors is expected to open lucrative opportunities for the global recycled polyethylene terephthalate market.

 

FAQs:

Q1) Who are the popular players in the recycled PET market?

Biffa, Carbonlite Industries, Clear Path Recycling LLC, DuFor, and Evergreen Plastics Inc are among the popular players in the recycled PET market.

Q2) Which are the key application areas of rPET?

The key application areas of rPET include fiber, F&B, non-food bottles & containers, sheet & film, and strapping.

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Rigid Packaging Market Forecast 2024-2033

Overview and Scope Rigid packaging refers to packaging materials that are inflexible and maintain their shape even when they are empty. Rigid packaging is used for storing a variety of items and protecting and transporting products that require a high level of protection.

Sizing and Forecast The rigid packaging market size has grown strongly in recent years. It will grow from $223.47 billion in 2023 to $239.9 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to material innovation, consumer preferences, globalization, e-commerce boom, supply chain efficiency.

The rigid packaging market size is expected to see strong growth in the next few years. It will grow to $307.14 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to circular economy initiatives, evolving consumer demands, climate change mitigation, customization and personalization, rise of sustainable practice, logistics optimization. Major trends in the forecast period include sustainability initiatives, innovative materials and technologies, e-commerce impact, cost efficiency and supply chain optimization, brand differentiation.

Segmentation & Regional Insights The rigid packaging market covered in this report is segmented -

1) By Product Type: Boxes, Trays, Containers And Cans, Bottles And Jars, Other Product Types 2) By Raw Material: Polyethylene (PE), Polyethylene Terephthalate (PET), Polystyrene (PS), Polypropylene (PP), Polyvinyl Chloride (PVC), Expanded Polystyrenes (EPs), Bioplastics, Other Raw Materials 3) By Production Process: Extrusion, Injection Molding, Thermoforming, Other Production Processes 4) By Application: Food And Beverages, Chemical Industry, Cosumer Goods, Healthcare And Pharmaceuticals, Other Applications

Asia-Pacific was the largest region in the rigid packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global rigid packaging market report during the forecast period. The regions covered in the rigid packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Major Driver Impacting Market Growth Growing need for environmentally friendly and sustainable packaging is expected to propel the growth of the rigid packaging market going forward. Environmentally friendly and sustainable packaging refers to packaging products and solutions that have the ability to reduce ecological impacts, preferably observed as an alternative to plastic packaging or other harmful metal packaging. Rigid packaging, such as cans, ampoules, and bottles, provides longer shelf life and excellent product protection, reducing food waste and the need for additional packaging. For instance, in 2022, according to the Ellen MacArthur Foundation, a UK-based non-profit organization aims to ensure 100% of plastic packaging is reusable, recyclable, or compostable, and to increase the share of post-consumer recycled content. Therefore, the growing need for environmentally friendly and sustainable packaging is driving the rigid packaging market.

Key Industry Players

Major companies operating in the rigid packaging market report are Amcor PLC, Reynolds Packaging, Berry Global Inc., Sonoco Products Company, Sealed Air Corporation, Silgan Holdings Inc., Plastipak Holdings Inc., Consolidated Container Company, Ball Corporation, Georgia-Pacific LLC, Crown Holdings Inc., Bemis Company Inc., Holmen AB, Mondi PLC, Amcor Group GmbH, Alpla Werke Alwin Lehner GmbH & Co KG, DS Smith PLC, Graham Packaging Company, Huhtamaki Inc., Albea Group, Pactiv LLC, Takween Advanced Industries, Al Jabri Plastic Factory, Anivive Lifesciences, Ardagh Group SA, Brambles Ltd., Grief Inc., IPL Plastics, Metals, QBiotics Group, Regeneus, SABIC, Schoeller Allibert, Torigen Pharmaceuticals, Vetropack Holding

The rigid packaging market report table of contents includes:

1. Executive Summary 2. Rigid Packaging Market Characteristics 3. Rigid Packaging Market Trends And Strategies 4. Rigid Packaging Market — Macro Economic Scenario 5. Global Rigid Packaging Market Size and Growth . . . 31. Global Rigid Packaging Market Competitive Benchmarking 32. Global Rigid Packaging Market Competitive Dashboard 33. Key Mergers And Acquisitions In The Rigid Packaging Market 34. Rigid Packaging Market Future Outlook and Potential Analysis 35. Appendix

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Loop Industries and Ester Industries partner to build an Infinite Loop manufacturing facility in India

Loop Industries, a clean technology company whose mission is to accelerate a circular plastics/fiber economy by manufacturing 100% recycled polyethylene terephthalate (“PET”) plastic and polyester fiber, today concluded an agreement with Ester Industries Ltd. (“Ester”), one of India’s leading manufacturers of Polyester Films and Specialty Polymers, to form a 50/50 India joint venture (“India JV”). The purpose of the India JV is to build and operate an Infinite Loop India manufacturing facility which will produce a unique product offering of lower carbon footprint recycled dimethyl terephthalate (“rDMT”), recycled mono-ethylene glycol (“rMEG”) and specialty polymers in India, using the Infinite Loop technology which offers significant advantages over traditional mechanical PET recycling.

Loop Industries and Ester Industries have a well-established working relationship, with Ester producing Loop PET for Loop's global brand customers over the last four years. The India JV leverages the complementary skill set of each partner by combining Loop’s innovative technology and well-established global customer base with Ester's nearly 40 years of specialized polymer production, operational proficiency, and local expertise, including sourcing of PET plastic and Polyester fiber waste feedstocks.

The DMT and MEG specialty chemicals global market size is estimated at US$28 billion and forecasted to grow at a 3.7% CAGR through 2033. The market is experiencing a global shortage of DMT due to recent plant closures in Europe, and low-carbon DMT and MEG are in high demand, but market options are limited and costly. The Infinite Loop India facility is expected to produce 70,000 tonnes of rDMT and 23,000 tonnes of rMEG annually and Ester will toll convert the rDMT and rMEG into various grades of specialty polymers. The planned facility in India can lower carbon emissions by up to 70% compared to virgin DMT and MEG manufactured from fossil fuels1, offering chemical companies a simple drop-in supplement and circular alternative that helps them achieve their sustainability goals.

The rDMT and rMEG product offerings manufactured at the Infinite Loop India facility represent a strategic product expansion in a low-cost manufacturing environment which complements Loop's existing PET plastic and polyester fiber manufacturing business and will fuel growth by addressing the large and growing demand in the market. This expansion enables the Infinite Loop technology to reach new markets and cater to a broader range of customers across multiple industries including the electronics, automotive, textile, cosmetics and packaging industries.

The India facility will leverage the Infinite Loop technology and existing engineering package which accelerates the lead-time towards groundbreaking, slated to occur by end of this year. Feedstock sourcing for the facility, in which there is abundant supply from textile waste in India, is well advanced and the partners have engaged an external firm to source and secure the land for the facility. Construction is expected to be completed by the end of 2026, with commercial operations commencing in early 2027.

The India JV offers attractive economic returns without the need for substantial sustainability-linked premium pricing. Total capital investment is estimated approximately at US$165 million.

Arvind Singhania, Chairman and CEO of Ester Industries Ltd. commented “Ester and Loop have a long-standing working relationship with a deep alignment of values and shared commitment to circularity and driving sustainable change. This partnership reinforces our dedication to advancing sustainable solutions in the polymer industry and by leveraging Loop's technology alongside our decades of polymer production experience, we will contribute to reducing the carbon footprint of our products, meeting the evolving needs of our customers.”

Loop Industries Founder and CEO Daniel Solomita commented “Our partnership with Ester reflects a strategic alignment built on our shared values of sustainability and innovation and combines both companies’ areas of expertise. The specialty chemicals market offers a unique opportunity to expand the reach of our Infinite Loop technology beyond PET and Polyester fiber and provides our customers with a sustainability-linked advantage in the specialty chemicals market. Customer demand for rDMT, rMEG and specialty polymers produced using our technology is robust due to very limited viable options available in the marketplace today.

The Infinite Loop India facility represents a great opportunity for Loop to be a part of the fastest-growing economy in the world and capitalizing on operating in a low-cost manufacturing environment. We see India and this partnership with Ester as a tremendous growth opportunity for future expansion.

This approach allows us to optimize returns, expand our presence in key markets, and drive sustainable growth while maximizing shareholder value."

1 This data is for the India LCA excluding the avoided waste disposal

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Diving into the Polyethylene (PE) Market: Beyond the Numbers

The Plastic Odyssey Begins

In the grand scheme of plastics, polyethylene reigns supreme. From detergent bottles to car fuel tanks, this versatile material has its hands (or should we say molecules?) in everything. It’s practically the Beyoncé of plastics, used in transparent food wrapping, shopping bags, and even flexing its synthetic fiber muscles.

Types of Polyethylene: It’s not a One-Size-Fits-All Extravaganza

HDPE — The Tough Guy: With its low manufacturing costs, high strength to density ratio, and resistance to various solvents, High Density Polyethylene (HDPE) takes the crown. It’s the superhero of the polyethylene world, saving the day in ballistic plates, bottle caps, and even boats.

LDPE — The Flexible Friend: Low Density Polyethylene (LDPE) takes a softer approach, finding its home in packaging, especially in the food business. Its chemical resistance, flexibility, and softness make it the go-to choice for lightweight packaging in electronics, healthcare, and food & beverage.

End-User Extravaganza

Packaging — Where Polyethylene Takes the Lead: The food & beverage industry is headlining the show, accounting for the largest market share in the packaging segment. With a demand for flexible packaging soaring, polyethylene is the rockstar keeping things sealed, protected, and looking good on the shelves.

Infrastructure & Construction — The Supporting Act: Coming in hot as the second most significant segment, polyethylene’s role in construction materials is on the rise. From films and sheets for windows to roofing materials, it’s helping build a world that’s sturdy and, dare we say, polyethene-fabulous.

Global Domination: Asia-Pacific Leads the Charge

Surprise, surprise! Asia Pacific steals the spotlight with the largest market share, thanks to major consumers like China and India. The demand for polyethylene in this region increased by 4%, fueled by the packaging and infrastructure & construction sectors.

What’s Driving the Polyethylene Party?

The Polyethylene Parade: The rise in demand for high-strength plastic is turning heads across various sectors, including automotive, electrical & electronics, and consumer goods. Manufacturers are on the polyethylene bandwagon, using it for everything from packaging electrical components to making vehicles lighter and more efficient.

Food & Beverage Frenzy: The food and beverage industry is all about that effective packaging life. Polyethylene’s ability to block moisture is the superhero cape that shields our favorite snacks and drinks from internal and external disturbances. No one likes a soggy chip, after all.

Speed Bumps on the Polyethylene Highway

The Imitation Game: Polyethylene has some rivals in the form of polypropylene and polyethylene terephthalate (PET). These copycats threaten to steal the polyethylene thunder with their similarity in properties. Fluctuating raw material prices also decide to join the party as potential party poopers.

Polyethylene Powerhouses: Who’s Who in the PE World

Meet the giants — Exxon Mobil Corporation, Dow Chemical Company, LyondellBasell Industries N.V., and more. These powerhouses are making sure polyethylene continues its world tour, reaching every nook and cranny.

Recent Highlights from the Polyethylene Chronicles

November 2021: Charter Next Generation and NOVA Chemicals Corporation join forces for environmentally friendly packaging films. Recycling plastic components? Bravo!

May 2021: LACTEL and INEOS team up for the world’s first HDPE milk bottles using circular polyethylene from post-consumer recycled materials. Talk about milking the eco-friendly trend!

For More Information: https://www.skyquestt.com/report/polyethylene-market

Key Trends: What’s Hot in the Polyethylene World?

Packaging Paradise: Thanks to its durability, ease of customization, and moisture resistance, polyethylene is the rockstar of packaging. The cheap and recyclable nature of polyethylene makes it the go-to choice for the food and beverage and consumer goods industries.

In Conclusion: Polyethylene — The Undisputed Champion

In a world drowning in plastics, polyethylene stands tall. With its varied applications, from saving our snacks from moisture to building the structures we live in, it’s the unsung hero of our daily lives.

So, next time you grab that bottle of water or open a bag of chips, remember — behind that convenience is a world of polyethylene magic, making our lives a little easier, one plastic molecule at a time.

About Us-

SkyQuest Technology Group is a Global Market Intelligence, Innovation Management & Commercialization organization that connects innovation to new markets, networks & collaborators for achieving Sustainable Development Goals.

Contact Us-

SkyQuest Technology Consulting Pvt. Ltd.

1 Apache Way,

Westford,

Massachusetts 01886

USA (+1) 617–230–0741

Email- info@skyquestt.com

Website: https://www.skyquestt.com

[sqinsights]

Diving into the Polyethylene (PE) Market: Beyond the Numbers

Peekaboo, plastics are everywhere! Well, not that it’s hiding, but the Global Polyethylene (PE) Market is definitely making waves. Let’s take a stroll through the world of polyethylene, where low cost meets water resistance, and manufacturing ease is the name of the game.

The Plastic Odyssey Begins

In the grand scheme of plastics, polyethylene reigns supreme. From detergent bottles to car fuel tanks, this versatile material has its hands (or should we say molecules?) in everything. It’s practically the Beyoncé of plastics, used in transparent food wrapping, shopping bags, and even flexing its synthetic fiber muscles.

Types of Polyethylene: It’s not a One-Size-Fits-All Extravaganza

HDPE — The Tough Guy: With its low manufacturing costs, high strength to density ratio, and resistance to various solvents, High Density Polyethylene (HDPE) takes the crown. It’s the superhero of the polyethylene world, saving the day in ballistic plates, bottle caps, and even boats.

LDPE — The Flexible Friend: Low Density Polyethylene (LDPE) takes a softer approach, finding its home in packaging, especially in the food business. Its chemical resistance, flexibility, and softness make it the go-to choice for lightweight packaging in electronics, healthcare, and food & beverage.

End-User Extravaganza

Packaging — Where Polyethylene Takes the Lead: The food & beverage industry is headlining the show, accounting for the largest market share in the packaging segment. With a demand for flexible packaging soaring, polyethylene is the rockstar keeping things sealed, protected, and looking good on the shelves.

Infrastructure & Construction — The Supporting Act: Coming in hot as the second most significant segment, polyethylene’s role in construction materials is on the rise. From films and sheets for windows to roofing materials, it’s helping build a world that’s sturdy and, dare we say, polyethene-fabulous.

Global Domination: Asia-Pacific Leads the Charge

Surprise, surprise! Asia Pacific steals the spotlight with the largest market share, thanks to major consumers like China and India. The demand for polyethylene in this region increased by 4%, fueled by the packaging and infrastructure & construction sectors.

What’s Driving the Polyethylene Party?

The Polyethylene Parade: The rise in demand for high-strength plastic is turning heads across various sectors, including automotive, electrical & electronics, and consumer goods. Manufacturers are on the polyethylene bandwagon, using it for everything from packaging electrical components to making vehicles lighter and more efficient.

Food & Beverage Frenzy: The food and beverage industry is all about that effective packaging life. Polyethylene’s ability to block moisture is the superhero cape that shields our favorite snacks and drinks from internal and external disturbances. No one likes a soggy chip, after all.

Speed Bumps on the Polyethylene Highway

The Imitation Game: Polyethylene has some rivals in the form of polypropylene and polyethylene terephthalate (PET). These copycats threaten to steal the polyethylene thunder with their similarity in properties. Fluctuating raw material prices also decide to join the party as potential party poopers.

Polyethylene Powerhouses: Who’s Who in the PE World

Meet the giants — Exxon Mobil Corporation, Dow Chemical Company, LyondellBasell Industries N.V., and more. These powerhouses are making sure polyethylene continues its world tour, reaching every nook and cranny.

Recent Highlights from the Polyethylene Chronicles

November 2021: Charter Next Generation and NOVA Chemicals Corporation join forces for environmentally friendly packaging films. Recycling plastic components? Bravo!

May 2021: LACTEL and INEOS team up for the world’s first HDPE milk bottles using circular polyethylene from post-consumer recycled materials. Talk about milking the eco-friendly trend!

For More Information: https://www.skyquestt.com/report/polyethylene-market

Key Trends: What’s Hot in the Polyethylene World?

Packaging Paradise: Thanks to its durability, ease of customization, and moisture resistance, polyethylene is the rockstar of packaging. The cheap and recyclable nature of polyethylene makes it the go-to choice for the food and beverage and consumer goods industries.

In Conclusion: Polyethylene — The Undisputed Champion

In a world drowning in plastics, polyethylene stands tall. With its varied applications, from saving our snacks from moisture to building the structures we live in, it’s the unsung hero of our daily lives.

So, next time you grab that bottle of water or open a bag of chips, remember — behind that convenience is a world of polyethylene magic, making our lives a little easier, one plastic molecule at a time.

About Us-

SkyQuest Technology Group is a Global Market Intelligence, Innovation Management & Commercialization organization that connects innovation to new markets, networks & collaborators for achieving Sustainable Development Goals.

Contact Us-

SkyQuest Technology Consulting Pvt. Ltd.

1 Apache Way,

Westford,

Massachusetts 01886

USA (+1) 617–230–0741

Email- info@skyquestt.com

Website: https://www.skyquestt.com

[market-insider]

Assessing the Evolution and Potential of Recycled Polyethylene Terephthalate (rPET) in the Market

The global recycled polyethylene terephthalate market size is anticipated to reach USD 18.8 billion by 2030, registering a CAGR of 8.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth of the market can be attributed to the rising sustainability measures undertaken by food & beverage and packaging companies. The growing efforts for a circular economy by end-users and increasing adoption of recycled plastics in the packaging, textiles, and other end-use industries are anticipated to drive the demand for recycled polyethylene terephthalate (PET) during the forecast period. Furthermore, recycled polyethylene terephthalate (rPET) is used for developing both, colored and clear (white/non-colored) products.

Recycled Polyethylene Terephthalate Market Report Highlights

The clear product segment led the market and accounted for a revenue share of over 76% in 2023. Low energy requirements and ease of bottle-to-bottle recycling are expected to drive the product demand over the forecast period. The segment is expected to witness a high growth rate owing to its non-reactive & shatterproof properties and excellent durability & low weight

Major application areas of colored rPET are automotive trays, in-process protective packaging, electronics & electrical packaging, containers, transit trays, healthcare packaging, and other plastic trays. Colored rPET is used in the production of fabrics and clothing and various packaging applications

A rise in bottle-to-bottle production and growth of the beverages market in Asia Pacific are expected to drive rPET market growth over the forecast period. Recycled PET packaging for food & beverages provides thermal insulation and environmental impact resistance. The packaging also proves to be cost-effective owing to the low cost involved in its production

Increasing spending on commissioning manufacturing units, particularly in Asia Pacific, is expected to boost the demand for rPET in the non-food bottles & containers segment. Government subsidies in the form of tax incentives in countries, such as China, India, Vietnam, Indonesia, and Thailand, across various industries, such as bottles and containers, are expected to drive the product demand

For More Details or Sample Copy please visit link @: Recycled Polyethylene Terephthalate Market Report

However, clear rPET products are the most sought after by both, recyclers and end-use industries owing to their lower costs than colored rPET products. Colored rPET is preferred by packaging product and bottle manufacturers as it gives them brand identity and ensures the development of products with improved aesthetics. However, clear rPET products are the most sought after by both, recyclers and end-use industries owing to their lower costs than colored rPET products. Furthermore, the ban on landfills has been introduced in several developed nations in North America and Europe, such as Austria, Germany, the Netherlands, France, Denmark, Belgium, and several states in the U.S. and Canadian provinces.

In Europe, landfill bans have existed for decades. Furthermore, plans are being developed in the UK, and Australia has legislated the introduction of a range of bans in the next few years. In addition, various end-use industries have implemented the utilization of rPET for the manufacturing of their products. This enables them to control the raw material cost, along with positioning themselves as an environmentally-friendly product developer in comparison to their counterparts. For instance, On May 9, 2023, the company announced the acquisition of Iber Resinas SL, a Spain-based plastic recycling company. With this acquisition, TotalEnergies is projected to expand its footprint in the European markets.

[chemanalyst]

Paraxylene Market is Expected to Grow at CAGR of 4.56% during the forecast period until 2032

The paraxylene market, a critical sector within the global petrochemical industry, has experienced significant growth and evolution in recent years. Paraxylene, commonly abbreviated as PX, is a vital raw material primarily used in the production of purified terephthalic acid (PTA) and dimethyl terephthalate (DMT), which are essential components in the manufacturing of polyester fibers, polyethylene terephthalate (PET) bottles, and polyester film. This market's dynamics are influenced by various factors, including economic conditions, technological advancements, geopolitical developments, and environmental regulations.

One of the primary drivers of the paraxylene market is the increasing demand for polyester products worldwide. The growing population, urbanization, and rising disposable incomes have led to a surge in the consumption of textiles, packaging materials, and other polyester-based products. As a result, the demand for paraxylene has remained robust, particularly in regions with burgeoning textile and packaging industries, such as Asia-Pacific.

Browse the Full Report: https://www.chemanalyst.com/industry-report/paraxylene-market-48

Asia-Pacific stands out as the dominant region in the global paraxylene market, accounting for a significant share of both production and consumption. Countries like China, India, and South Korea have emerged as key players, driven by their expanding manufacturing sectors and growing consumer markets. Moreover, the shift of textile and apparel manufacturing from developed economies to Asia-Pacific due to lower production costs has further bolstered the demand for paraxylene in the region.

In addition to Asia-Pacific, other regions such as North America and Europe also contribute to the paraxylene market's growth, albeit to a lesser extent. The mature markets in these regions primarily focus on technological innovations, process optimization, and sustainability initiatives to maintain their competitiveness. Furthermore, the increasing emphasis on recycling and circular economy principles has prompted manufacturers to explore alternative feedstocks and eco-friendly production methods, which could impact the future trajectory of the paraxylene market.

However, despite the promising outlook, the paraxylene market faces several challenges and uncertainties. Fluctuations in crude oil prices, geopolitical tensions, trade disputes, and regulatory changes can significantly impact the market dynamics. Moreover, the emergence of bio-based alternatives to conventional petrochemicals poses a long-term threat to the demand for paraxylene, especially in environmentally conscious markets.

In response to these challenges, industry players are increasingly focusing on diversifying their feedstock sources, improving process efficiencies, and investing in research and development to innovate sustainable solutions. Moreover, strategic partnerships, mergers, and acquisitions are becoming prevalent strategies to strengthen market positions, enhance supply chain resilience, and capitalize on emerging opportunities.

Looking ahead, the paraxylene market is poised for continued growth, driven by the expanding applications of polyester products, particularly in sectors like textiles, packaging, and automotive. However, achieving sustainable growth will require concerted efforts from industry stakeholders to address environmental concerns, enhance resource efficiency, and foster innovation. By embracing these challenges as opportunities, the paraxylene market can navigate towards a more sustainable and resilient future, ensuring its continued relevance in the global petrochemical landscape.

About Us:

ChemAnalyst is an online platform offering a comprehensive range of market analysis and pricing services, as well as up-to-date news and deals from the chemical and petrochemical industry, globally.

Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today's ever-changing chemicals market.

The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.

ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

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[sarena1995]

r-PET Market Size, Share, Growth, Analysis, Trend & Forecast to 2032

The latest market report published by Credence Research, Inc. The global demand for recycled PET (r-PET) market was valued at USD 2.3 billion in 2023 and is expected to reach USD 4.9 billion in 2032, growing at a CAGR of 7.99% between 2023 and 2032.

Recycled Polyethylene Terephthalate, commonly known as r-PET, is gaining significant momentum in the global market as a sustainable alternative to traditional plastics. With the growing concern about environmental issues and the need to reduce plastic waste, r-PET has emerged as a viable solution to address these challenges. This article delves into the expanding market for r-PET, its key drivers, applications, and its role in promoting a circular economy.

The recycled Polyethylene Terephthalate (r-PET) market is poised for continued growth, driven by environmental awareness, circular economy initiatives, and regulatory support. As industries across the globe embrace sustainable practices and consumers demand eco-friendly products, r-PET serves as a crucial component in reducing plastic waste and promoting a greener future. To further expand the r-PET market, continued innovation, investment in recycling infrastructure, and consumer education will be essential. Ultimately, r-PET represents a significant step towards a more sustainable and responsible approach to plastics in the modern world.

Browse the Full Report: https://www.credenceresearch.com/report/recycled-pet-market

[imarcmarketreport]

Plastic Films Market Growth, Size, Trends, Revenue & Report 2024-2032

IMARC Group's report titled "Plastic Films Market by Product Type (Polyethylene Terephthalate (PET), Polyvinyl Chloride (PVC), Polypropylene (PP), Polyethylene (PE), and Others), Application (Packaging, Decoration, Industrial), and Region 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the global plastic films market share. The global plastic films market size reached US$ 159.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 241.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.54% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/plastic-films-market/requestsample

Factors Affecting the Growth of the Plastic Films Industry:

Increasing Demand Across Diverse Industries:

The rising demand for plastic films across a wide spectrum of industries is impelling the growth of the market. In packaging, plastic films are becoming indispensable due to their lightweight nature, cost-effectiveness, and versatility. They offer a reliable solution for safeguarding goods during transportation and storage, reducing the risk of damage, and ensuring product integrity. Furthermore, the use of plastic films in agriculture serves multiple purposes, including greenhouse coverings, mulching, and crop protection, leading to enhanced yields, improved crop quality, and reduced water consumption. In the construction sector, plastic films find extensive applications, such as moisture barriers, insulation materials, and roofing membranes. They contribute to enhancing energy efficiency, preventing moisture ingress, and ensuring the longevity of structures.

Advancements in Material Technology:

Continuous advancements in material science and manufacturing systems are supporting the market growth. These innovations are resulting in the development of next-generation plastic films with superior properties, such as enhanced barrier performance, thermal stability, and recyclability. Manufacturers are leveraging cutting-edge technologies to engineer films that meet the evolving needs of end-users while addressing sustainability concerns. One notable trend is the emergence of bio-based and biodegradable plastic films, which offer a sustainable alternative to traditional petroleum-based counterparts. These eco-friendly films are derived from renewable sources, such as plant-based polymers or agricultural residues, reducing the dependence on fossil fuels and mitigating environmental impact.

Expanding End-Use Applications:

The versatility of plastic films is driving their adoption across a wide array of end-use applications. In the food and beverage (F&B) industry, plastic films play a crucial role in preserving freshness, extending shelf life, and enhancing visual appeal. The demand for flexible packaging formats, such as pouches, wraps, and bags, is rising due to user preferences for convenience and portability. Additionally, advancements in printing and labeling technologies enable manufacturers to create eye-catching packaging designs that stand out on retail shelves, driving engagement and brand loyalty. Furthermore, plastic films find extensive use in the automotive sector for interior trim, upholstery, and protective coatings. They offer lightweight, durable, and cost-effective solutions for enhancing vehicle aesthetics and functionality.

Leading Companies Operating in the Global Plastic Films Industry:

Amcor plc

Berry Global Inc.

Cosmo Films Limited

Dow Inc.

DuPont de Nemours Inc.

Exxon Mobil Corporation

Inteplast Group Corporation

Jindal Poly Films

Mitsubishi Chemical Holdings Corporation

Polyplex Corporation Limited

RKW Group

Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)

Toray Industries Inc.

UFlex Limited

Plastic Films Market Report Segmentation:

By Product Type:

Polyethylene Terephthalate (PET)

Polyvinyl Chloride (PVC)

Polypropylene (PP)

Polyethylene (PE)

Others

Polyethylene terephthalate (PET) represents the largest segment due to its durability.

By Application:

Packaging

Food Containers

Blister Packs

Electric & Electronic Purposes

Others

Decoration

Solid Color

Others

Industrial

Construction Materials

Safety Materials

Advertisement Lighting

Others 

Packaging exhibits a clear dominance in the market due to the rising utilization of plastic films for packaging a wide variety of products, including food and beverages, electronics, and cosmetics.

Regional Insights:

North America (United States, Canada)

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa

Europe's dominance in the plastic films market is attributed to the rising production of bio-based plastic films.

Global Plastic Films Market Trends:

The proliferation of e-commerce platforms is revolutionizing the retail landscape, with a growing number of people opting for online shopping. Plastic films play a critical role in the packaging of products for e-commerce, offering protection during shipping and handling while also providing tamper-evident features. The rise in online retail activities is catalyzing the demand for plastic films, particularly in the form of air pillows, bubble wraps, and polybags used for parcel packaging. Stringent regulations governing packaging materials and growing environmental concerns are prompting manufacturers to focus on sustainability and eco-friendly solutions. Governments worldwide are also imposing restrictions on single-use plastics and promoting the use of recyclable and biodegradable alternatives.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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[robertsteven65]

"Consumer Awareness Drives Expansion in Recycled Plastic Sector"

Recycled Plastics Market size is expected to be worth around USD 114.8 billion by 2033, from USD 52.7 billion in 2023, growing at a CAGR of 8.1% during the forecast period from 2023 to 2033.

This market encompasses the entire recycling process, including the collection, sorting, cleaning, and reprocessing of discarded plastics into raw materials that can be used in manufacturing. Recycled plastics are derived from various sources, such as post-consumer waste (like plastic bottles, packaging materials, and other discarded consumer products) and post-industrial waste (such as scraps and offcuts from manufacturing processes). 

The market for recycled plastics is driven by increasing environmental awareness, regulatory policies promoting sustainability, and the rising demand for eco-friendly materials in various industries.

The growth of online sales for personal care and Personal Protective Equipment (PPE) products further boosts the demand for recycled plastics, as companies seek to package their products in sustainable materials.

Download a sample report in MINUTES@ https://market.us/report/recycled-plastics-market/request-sample/

Key Market Segment

Plastic Type

Polyethylene

Polyethylene Terephthalate

Polypropylene

Polyvinyl Chloride

Polystyrene

Other Products

Source

Plastic Bottles

Plastic Films

Polymer Foam

Other Sources

Application

Building & Construction

Packaging of Products

Electrical & Electronics

Textiles

Automotive

Other Applications

Plastic Type

Polyethylene Terephthalate dominates the recycled plastics market with a 29.3% share in 2023, driven by its demand in packaging across food, beverage, and consumer goods industries, while Polypropylene is crucial for its chemical and mechanical properties in sectors like medical devices, automotive, and construction.

Source Channel

Plastic bottles, accounting for 65% of global recycled plastics revenue in 2023, are the primary source of recycled materials, extensively used in packaging oils, pharmaceuticals, and beverages.

Application Analysis

In 2023, the packaging industry led the recycled plastics market, contributing over 42.1% of global revenue, driven by rising demand for packaged food, beverages, electronics, and textiles, particularly in the Asia Pacific region.

Key Market Players

Veolia

Plastipak Holdings, Inc.

SUEZ SA

Ultra Poly Corporation

Fresh Pak Corporation

B&B Plastics Recycling Inc.

Alpek S.A.B. de C.V.

Indorama Ventures

Far Eastern New Century Corporation

Envision Plastics Industries

Custom Polymers, Inc.

Berry Global Inc.

Other Key Players

Driver

The increasing adoption of recycled plastic in the packaging industry, particularly for food and beverage products, is driven by the material's effectiveness in ensuring product safety and environmental sustainability.

Restraint

The preference for virgin plastics over recycled alternatives, due to quality concerns and cost advantages, restricts the market growth despite regulatory pressures.

Opportunity

Favorable initiatives and regulations in developed countries, such as tax incentives and public funding for recycling projects, promote the use of recycled plastics, creating growth opportunities.

Challenge

The major challenge for the recycled plastics market is the difficulty in collecting sufficient plastic waste, as only 14% of used plastic packaging is currently recycled, necessitating new collection methods to capture the remaining 86%.

[creative-news-alert]

Polyethylene Terephthalate Market Estimated to Witness Robust Growth Owing to Increasing Consumption in Packaging Industry

Polyethylene terephthalate (PET), also known as polyester, is a thermoplastic polymer resin of the polyester family that is clear, strong, and dimensionally stable. It is widely used in beverage, food, and other packaging, as well as in textile fiber manufacturing. PET is lightweight, transparent, odorless, tasteless, resistant to moisture, and economically recyclable. Bottled water and soft drinks constitute the largest PET packaging market. Apart from packaging, PET is also used in thermoforming applications for manufacturing automotive parts, medical devices, and white goods.

The global polyethylene terephthalate Market is estimated to be valued at US$ 53.53 Bn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period from 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: The increasing consumption of PET in the packaging industry is expected to drive the global polyethylene terephthalate market growth over the forecast period. PET is highly preferred in packaging applications owing to its transparency, lightweight, and durability properties. According to European PET Bottle Platform statistics, around 60% of PET produced globally is used for packaging water, carbonated soft drinks and other beverages. Additionally, expanding food and beverage industry is also fueling the demand for PET in food packaging applications. Furthermore, PET fibers are widely gaining popularity in the textile industry due to their moisture wicking and quick drying properties. Another factor supporting the market growth is the superior recyclability of PET, which is boosting its adoption in sustainable packaging applications. Recycled PET (rPET) offers an eco-friendly alternative to virgin PET as it significantly lowers the carbon footprint of products. Leading brands are focusing on increasing the share of recycled content in PET bottles to move towards a circular economy. For instance, Coca-Cola aims to make its packaging 100% recyclable globally by 2025. SWOT Analysis Strength: Polyethylene terephthalate (PET) is durable, lightweight and versatile, making it suitable for various packaging applications. It provides excellent protection against moisture, gas and microorganisms. It can also be recycled and reused many times. PET is inexpensive to produce compared to glass and other materials. Weakness: PET requires higher energy consumption during manufacturing and recycling processes compared to other materials. Additionally, discarded PET bottles take a very long time to degrade in landfills and pose environmental issues. Leaching of antimony from PET during recycling is also a concern. Opportunity: Growing demand for sustainable and recyclable packaging solutions presents an opportunity for PET market players. Increasing health consciousness is driving the demand for bottled water and beverages, boosting the PET market. The high recycling rate of PET in developed countries can be replicated in other regions as well. Threats: Stricter environmental regulations pertaining to packaging waste recycling may increase compliance costs for PET producers. Substitution threat exists from alternative materials that are more sustainable such as paper, glass and bioplastics. Volatility in crude oil prices affects the raw material costs for PET. Key Takeaways The global polyethylene terephthalate market size is expected to witness high growth over the forecast period of 2024 to 2031. The market size is projected to reach US$ 153.81 Bn by 2031, expanding at a CAGR of 8.6% during the forecast period. Regional analysis: The Asia Pacific region currently dominates the global PET market with the largest share, led by China, India and other developing countries. Rapid urbanization and rising disposable incomes in the region have been driving the demand for packaged food and beverages. North America and Europe are also major markets for PET owing to high recycling rates and stringent regulations favoring recyclable packaging. Key players: Key players operating in the polyethylene terephthalate market are Medtro, Petroquim, Indorama Ventures, Mossi&Ghisolfi Group, JBF Industries, OCTAL, Dhunseri Petrochem & Tea, Lotte Chemical, Far Eastern New Century Corporation, Zhejiang Hengyi Group, SABIC, Reliance Industries, EIPET, NEO GROUP, Selenis, and Donghua Polyethylene Terephthalate.Get more insights on this topic: https://www.newswirestats.com/polyethylene-terephthalate-pet-market-size-and-outlook/

[adityarana1687-blog]

Recycled Plastics Market Is Expected To Grow Swiftly By 2030

The global recycled plastics market size was valued at USD 47.60 billion in 2022 and is expected to exhibit grow at a compound annual growth rate (CAGR) of 4.9% from 2023 to 2030. Increasing environmental concerns, rapid urbanization & industrialization, and the rising need to reduce the carbon footprint in the manufacturing of virgin plastic resin are expected to drive the demand for recycled plastics over the forecast period. The demand for recycled plastics is expected to increase mainly in the packaging application, which includes packaging of processed food & beverages, medical, electronics, and various other products, owing to the growing number of COVID-19 positive cases.

The demand for medical & healthcare products has increased owing to the safety and hygiene required to tackle the pandemic situation. Amid the global COVID-19 pandemic, the demand for electrical & electronic products, such as laptops and mobiles, has increased as companies are following the work-from-home model and educational institutions have shifted from classroom learning to online classes. Thus, the growth in the demand for electrical & electronic products is expected to drive the market over the forecast period. The regional market of Asia Pacific is anticipated to register the fastest growth rate during the forecast period.

This growth can be attributed to various factors, such as the presence of supportive government initiatives like Make in India, Atmanirbhar Bharat (self-dependent India), rising number of manufacturers operating in the electrical & electronics, automotive, and textile industries, and increasing R&D investments by private as well as public organizations for the development of new applications for recycled plastics. In addition, various electronic products and automotive components manufacturing companies have started looking toward India for establishing their manufacturing facilities post-COVID-19 pandemic. This will also provide tremendous growth opportunities to the regional market in the years to come.

Request a free sample copy or view the report summary: Recycled Plastic Market Report

Recycled Plastics Market Report Highlights

The building & construction application segment is expected to witness the fastest CAGR over the forecast period, in terms of revenue

The segment growth is attributed to the rising demand for recycled plastics in composite lumber, roofing tiles, insulation, rocks, and fences

The electrical & electronics application segment accounted for the maximum revenue share in 2021

This is attributed to the high demand for lightweight, durable electronics and electrically well-insulated products for reduced heat loss and improved performance of the electronic components and products

Asia Pacific accounted for the largest revenue share in 2021. The market in China recycled is estimated to witness significant growth to reach a net worth of USD 17.3 billion by 2030

Recycled Plastics Market Segmentation

Grand View Research has segmented the recycled plastics market based on product, application, and region:

Recycled Plastics Product Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

Polyethylene

Polyethylene Terephthalate

Polypropylene

Polyvinyl Chloride

Polystyrene

Others

Recycled Plastics Source Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

Plastic Bottles

Plastic Films

Polymer Foam

Others

Recycled Plastics Application Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

Building & Construction

Packaging

Electrical & Electronics

Textiles

Automotive

Others

Recycled Plastics Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

France

Italy

Asia Pacific

China

India

Japan

South East Asia

Malaysia

Indonesia

Thailand

Central & South America

Brazil

Middle East & Africa

Saudi Arabia

List of Key Players of Recycled Plastics Market

REMONDIS SE & Co. KG

Biffa

Stericycle

Republic Services, Inc.

WM Intellectual Property Holdings, L.L.C.

Veolia

Shell International B.V.

Waste Connections

CLEAN HARBORS, INC.

Covetsro AG