Recycled Polyethylene Terephthalate market 2022 sales revenue business opportunities investments growth analysis company profiles and forecast to 2030
Recycled Polyethylene Terephthalate Market Overview The Recycled Polyethylene Terephthalate Market is projected to register a CAGR of over 7.6% to reach USD 13,941.16 million by the end of 2028. Market Research Future (MRFR) analyzed the global recycled polyethylene terephthalate (RPET) market 2020 for the analysis period (between 2018 and 2023). By 2023, the global recycled polyethylene terephthalate (RPET) market is expected to register 8.5% CAGR. MRFR findings reveals that the RPET market is likely to worth USD 10,666.2 Mn by 2023 from USD 6,572.9 Mn in 2017. The surge in demand for polyethylene terephthalate (PET) in the booming textile industry and the rise in recycling rate of PET products in the fashion sector are identified as major growth inducers of the recycled polyethylene terephthalate market. The food and beverage sector a high consumer of RPET as shift in consume trend towards ready-to-eat is observed, and the ingression of PET solutions in the expanding packaging sec