Recycled Polyethylene Terephthalate Market to Expand with Significant CAGR During 2022-2030, MRFR Study
Recycled Polyethylene Terephthalate Industry
The recycled polyethylene terephthalate market is anticipated to grow rapidly at a CAGR of 8.5% during the forecast period. The global recycled polyethylene terephthalate market is driven by the increasing use of RPET fiber and government initiatives suggesting the use of RPET. These factors have helped shape the recycled polyethylene terephthalate market and are expected to boost its growth. Companies in the recycled polyethylene terephthalate market could also face challenges such as manufacturing process loss and high costs.
Market Segmentation
The Recycled Polyethylene Terephthalate industry has been segmented based on the type and end-use industry. On the basis of type, the market for recycled polyethylene terephthalate is segmented based on clear and colored. Additionally, the market on the basis of the end-use industry is segmented into food-grade bottle and containers, non-food-grade bottle and containers, sheets and films, strapping, fibers.
Factors like rising demand for RPET and rising applications across different industry verticals support the recycled polyethylene terephthalate market growth. The performance of recycled polyethylene terephthalate market has also been studied for the past and current years. Additionally, the recycled polyethylene terephthalate market report provides analysis of these segments. The recycled polyethylene terephthalate market segmental analysis provided in the report offers major details about the recycled polyethylene terephthalate market performance and future.
Regional Overview
Companies in the recycled polyethylene terephthalate market are spread across the world. The recycled polyethylene terephthalate market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American recycled polyethylene terephthalate market has many companies across the United States, Canada, and Mexico. Europe has companies in the recycled polyethylene terephthalate market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the recycled polyethylene terephthalate market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The recycled polyethylene terephthalate market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the recycled polyethylene terephthalate market can be found in the market research report.
Competitive Landscape
The recycled polyethylene terephthalate market is supported by growing use of RPET. The population growth around the world and increasing demand of recycled polyethylene terephthalate market based services and products also support the market growth. However, the recycled polyethylene terephthalate market growth can be affected due to lack of new technology to reduce manufacturing loss. The report covers all such details which will help companies in the recycled polyethylene terephthalate market to strengthen their business plan and improve their product portfolio. The recycled polyethylene terephthalate market research report also provides company profiles of major companies. The company profiles of many organizations operating in the recycled polyethylene terephthalate market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the recycled polyethylene terephthalate market.
Industry News
Platinum Equity will buy electronic retail chain Ingram Micro, however the business does not expect major improvements to the ITAD division. On Dec. 9, the company confirmed the $7.2 billion purchase, adding that Ingram Micro, will retain its existing offices and management. The corporation was acquired by Platinum Equity for around $1.2 billion more than it traded for in 2016.
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