The global Recycled PET Chips market was valued at 778.55 Million USD in 2020 and will grow with a CAGR of 5.44% from 2020 to 2027, based on newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Recycling is the collection of used materials that would otherwise be waste to be broken down and remade into new products. Motivations for recycling include environmental sustainability and financial concerns sustainability because the reused material both prevents waste and reduce the consumption of new raw materials, and financial because it can be cheaper to produce different products from recycled materials. One of the main usages of this process is recycling of polymer materials and wastes, specially those made up of polypropylene and polyester. This report focuses on Recycled PET Chips. PET, or polyethylene tephthalate, is semi-rigid to rigid, depending on thickness. It makes a good barrier method, especially for use in water bottles, soft and fizzy drink bottles, pots, tubs, oven ready trays, jam jars soft drink bottles. PET can be produced in a thin film, such as that which is used to make Mylar. It is also used for flexible food packaging. When recycled, it is made into fiberfill, carpeting, or non-food containers and bottles. Recycled PET (RPET) is a viable alternative to virgin PET and can be used in multiple applications. Main application of RPET chips is used to produce fiber, which can be further fabricated as textile or carpets. In 2017, fiber takes 83.27% of total market share. Recycled PET chips can also be used to produce bottles, sheets, film, etc. Over the last several years, RPET has been successfully used in food packaging applications. The price and demand of Recycled PET is greatly affected by the price of virgin PET chips. When the price of virgin PET chips goes up, the price of Recycled PET chips can also be lifted. The gross margin of the industry is not high due to the immature of the industry, as well as low entry barrier. However, the market space of Recycled PET is huge, as recycle rate of waste bottles has been growing in both developed and developing countries. The Global Recycled PET Chips market size was 7765.03 million USD in 2017 and it will be 11187.38 million USD in 2024, with a Growth Rate of 5.35% from 2017 to 2024.
By Market Verdors:
Clean Tech Incorporated
Clear Path Recycling
Mohawk Industries Incorporated
CarbonLite Industries
Greentech
Visy
Evergreen Plastics
Extrupet
PolyQuest
Phoenix Technologies
Verdeco Recycling
4PET RECYCLING BV
Far Eastern Group
Kyoei Industry
Wellpine Plastic Industical
Lung Shing International
Longfu Recycling Energy Scientech
Suzhou Jiulong Recy & Tech
By Types:
Clear Chip
Brown Chip
Green Chip
Blue Chip
By Applications:
Bottles
Sheet
Fiber
Strapping
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Recycled PET Chips Revenue
1.4 Market Analysis by Type
1.4.1 Global Recycled PET Chips Market Size Growth Rate by Type: 2021 VS 2027
1.4.2 Clear Chip
1.4.3 Brown Chip
1.4.4 Green Chip
1.4.5 Blue Chip
1.5 Market by Application
1.5.1 Global Recycled PET Chips Market Share by Application: 2022-2027
1.5.2 Bottles
1.5.3 Sheet
1.5.4 Fiber
1.5.5 Strapping
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global Recycled PET Chips Market
1.8.1 Global Recycled PET Chips Market Status and Outlook (2016-2027)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global Recycled PET Chips Production Capacity Market Share by Manufacturers (2016-2021)
2.2 Global Recycled PET Chips Revenue Market Share by Manufacturers (2016-2021)
2.3 Global Recycled PET Chips Average Price by Manufacturers (2016-2021)
2.4 Manufacturers Recycled PET Chips Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global Recycled PET Chips Sales Volume Market Share by Region (2016-2021)
3.2 Global Recycled PET Chips Sales Revenue Market Share by Region (2016-2021)
3.3 North America Recycled PET Chips Sales Volume
3.3.1 North America Recycled PET Chips Sales Volume Growth Rate (2016-2021)
3.3.2 North America Recycled PET Chips Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.4 East Asia Recycled PET Chips Sales Volume
3.4.1 East Asia Recycled PET Chips Sales Volume Growth Rate (2016-2021)
3.4.2 East Asia Recycled PET Chips Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.5 Europe Recycled PET Chips Sales Volume (2016-2021)
3.5.1 Europe Recycled PET Chips Sales Volume Growth Rate (2016-2021)
3.5.2 Europe Recycled PET Chips Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.6 South Asia Recycled PET Chips Sales Volume (2016-2021)
3.6.1 South Asia Recycled PET Chips Sales Volume Growth Rate (2016-2021)
3.6.2 South Asia Recycled PET Chips Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.7 Southeast Asia Recycled PET Chips Sales Volume (2016-2021)
3.7.1 Southeast Asia Recycled PET Chips Sales Volume Growth Rate (2016-2021)
3.7.2 Southeast Asia Recycled PET Chips Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.8 Middle East Recycled PET Chips Sales Volume (2016-2021)
3.8.1 Middle East Recycled PET Chips Sales Volume Growth Rate (2016-2021)
3.8.2 Middle East Recycled PET Chips Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.9 Africa Recycled PET Chips Sales Volume (2016-2021)
3.9.1 Africa Recycled PET Chips Sales Volume Growth Rate (2016-2021)
3.9.2 Africa Recycled PET Chips Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.10 Oceania Recycled PET Chips Sales Volume (2016-2021)
3.10.1 Oceania Recycled PET Chips Sales Volume Growth Rate (2016-2021)
3.10.2 Oceania Recycled PET Chips Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.11 South America Recycled PET Chips Sales Volume (2016-2021)
3.11.1 South America Recycled PET Chips Sales Volume Growth Rate (2016-2021)
3.11.2 South America Recycled PET Chips Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.12 Rest of the World Recycled PET Chips Sales Volume (2016-2021)
3.12.1 Rest of the World Recycled PET Chips Sales Volume Growth Rate (2016-2021)
3.12.2 Rest of the World Recycled PET Chips Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
4 North America
4.1 North America Recycled PET Chips Consumption by Countries
4.2 United States
4.3 Canada
4.4 Mexico
5 East Asia
5.1 East Asia Recycled PET Chips Consumption by Countries
5.2 China
5.3 Japan
5.4 South Korea
6 Europe
6.1 Europe Recycled PET Chips Consumption by Countries
6.2 Germany
6.3 United Kingdom
6.4 France
6.5 Italy
6.6 Russia
6.7 Spain
6.8 Netherlands
6.9 Switzerland
6.10 Poland
7 South Asia
7.1 South Asia Recycled PET Chips Consumption by Countries
7.2 India
7.3 Pakistan
7.4 Bangladesh
8 Southeast Asia
8.1 Southeast Asia Recycled PET Chips Consumption by Countries
8.2 Indonesia
8.3 Thailand
8.4 Singapore
8.5 Malaysia
8.6 Philippines
8.7 Vietnam
8.8 Myanmar
9 Middle East
9.1 Middle East Recycled PET Chips Consumption by Countries
9.2 Turkey
9.3 Saudi Arabia
9.4 Iran
9.5 United Arab Emirates
9.6 Israel
9.7 Iraq
9.8 Qatar
9.9 Kuwait
9.10 Oman
10 Africa
10.1 Africa Recycled PET Chips Consumption by Countries
10.2 Nigeria
10.3 South Africa
10.4 Egypt
10.5 Algeria
10.6 Morocco
11 Oceania
11.1 Oceania Recycled PET Chips Consumption by Countries
11.2 Australia
11.3 New Zealand
12 South America
12.1 South America Recycled PET Chips Consumption by Countries
12.2 Brazil
12.3 Argentina
12.4 Columbia
12.5 Chile
12.6 Venezuela
12.7 Peru
12.8 Puerto Rico
12.9 Ecuador
13 Rest of the World
13.1 Rest of the World Recycled PET Chips Consumption by Countries
13.2 Kazakhstan
14 Sales Volume, Sales Revenue, Sales Price Trend by Type
14.1 Global Recycled PET Chips Sales Volume Market Share by Type (2016-2021)
14.2 Global Recycled PET Chips Sales Revenue Market Share by Type (2016-2021)
14.3 Global Recycled PET Chips Sales Price by Type (2016-2021)
15 Consumption Analysis by Application
15.1 Global Recycled PET Chips Consumption Volume by Application (2016-2021)
15.2 Global Recycled PET Chips Consumption Value by Application (2016-2021)
16 Company Profiles and Key Figures in Recycled PET Chips Business
16.1 Clean Tech Incorporated
16.1.1 Clean Tech Incorporated Company Profile
16.1.2 Clean Tech Incorporated Recycled PET Chips Product Specification
16.1.3 Clean Tech Incorporated Recycled PET Chips Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.2 Clear Path Recycling
16.2.1 Clear Path Recycling Company Profile
16.2.2 Clear Path Recycling Recycled PET Chips Product Specification
16.2.3 Clear Path Recycling Recycled PET Chips Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.3 Mohawk Industries Incorporated
16.3.1 Mohawk Industries Incorporated Company Profile
16.3.2 Mohawk Industries Incorporated Recycled PET Chips Product Specification
16.3.3 Mohawk Industries Incorporated Recycled PET Chips Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.4 CarbonLite Industries
16.4.1 CarbonLite Industries Company Profile
16.4.2 CarbonLite Industries Recycled PET Chips Product Specification
16.4.3 CarbonLite Industries Recycled PET Chips Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.5 Greentech
16.5.1 Greentech Company Profile
16.5.2 Greentech Recycled PET Chips Product Specification
16.5.3 Greentech Recycled PET Chips Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.6 Visy
16.6.1 Visy Company Profile
16.6.2 Visy Recycled PET Chips Product Specification
16.6.3 Visy Recycled PET Chips Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.7 Evergreen Plastics
16.7.1 Evergreen Plastics Company Profile
16.7.2 Evergreen Plastics Recycled PET Chips Product Specification
16.7.3 Evergreen Plastics Recycled PET Chips Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.8 Extrupet
16.8.1 Extrupet Company Profile
16.8.2 Extrupet Recycled PET Chips Product Specification
16.8.3 Extrupet Recycled PET Chips Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.9 PolyQuest
16.9.1 PolyQuest Company Profile
16.9.2 PolyQuest Recycled PET Chips Product Specification
16.9.3 PolyQuest Recycled PET Chips Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.10 Phoenix Technologies
16.10.1 Phoenix Technologies Company Profile
16.10.2 Phoenix Technologies Recycled PET Chips Product Specification
16.10.3 Phoenix Technologies Recycled PET Chips Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.11 Verdeco Recycling
16.11.1 Verdeco Recycling Company Profile
16.11.2 Verdeco Recycling Recycled PET Chips Product Specification
16.11.3 Verdeco Recycling Recycled PET Chips Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.12 4PET RECYCLING BV
16.12.1 4PET RECYCLING BV Company Profile
16.12.2 4PET RECYCLING BV Recycled PET Chips Product Specification
16.12.3 4PET RECYCLING BV Recycled PET Chips Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.13 Far Eastern Group
16.13.1 Far Eastern Group Company Profile
16.13.2 Far Eastern Group Recycled PET Chips Product Specification
16.13.3 Far Eastern Group Recycled PET Chips Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.14 Kyoei Industry
16.14.1 Kyoei Industry Company Profile
16.14.2 Kyoei Industry Recycled PET Chips Product Specification
16.14.3 Kyoei Industry Recycled PET Chips Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.15 Wellpine Plastic Industical
16.15.1 Wellpine Plastic Industical Company Profile
16.15.2 Wellpine Plastic Industical Recycled PET Chips Product Specification
16.15.3 Wellpine Plastic Industical Recycled PET Chips Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.16 Lung Shing International
16.16.1 Lung Shing International Company Profile
16.16.2 Lung Shing International Recycled PET Chips Product Specification
16.16.3 Lung Shing International Recycled PET Chips Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.17 Longfu Recycling Energy Scientech
16.17.1 Longfu Recycling Energy Scientech Company Profile
16.17.2 Longfu Recycling Energy Scientech Recycled PET Chips Product Specification
16.17.3 Longfu Recycling Energy Scientech Recycled PET Chips Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.18 Suzhou Jiulong Recy & Tech
16.18.1 Suzhou Jiulong Recy & Tech Company Profile
16.18.2 Suzhou Jiulong Recy & Tech Recycled PET Chips Product Specification
16.18.3 Suzhou Jiulong Recy & Tech Recycled PET Chips Production Capacity, Revenue, Price and Gross Margin (2016-2021)
17 Recycled PET Chips Manufacturing Cost Analysis
17.1 Recycled PET Chips Key Raw Materials Analysis
17.1.1 Key Raw Materials
17.2 Proportion of Manufacturing Cost Structure
17.3 Manufacturing Process Analysis of Recycled PET Chips
17.4 Recycled PET Chips Industrial Chain Analysis
18 Marketing Channel, Distributors and Customers
18.1 Marketing Channel
18.2 Recycled PET Chips Distributors List
18.3 Recycled PET Chips Customers
19 Market Dynamics
19.1 Market Trends
19.2 Opportunities and Drivers
19.3 Challenges
19.4 Porter's Five Forces Analysis
20 Production and Supply Forecast
20.1 Global Forecasted Production of Recycled PET Chips (2022-2027)
20.2 Global Forecasted Revenue of Recycled PET Chips (2022-2027)
20.3 Global Forecasted Price of Recycled PET Chips (2016-2027)
20.4 Global Forecasted Production of Recycled PET Chips by Region (2022-2027)
20.4.1 North America Recycled PET Chips Production, Revenue Forecast (2022-2027)
20.4.2 East Asia Recycled PET Chips Production, Revenue Forecast (2022-2027)
20.4.3 Europe Recycled PET Chips Production, Revenue Forecast (2022-2027)
20.4.4 South Asia Recycled PET Chips Production, Revenue Forecast (2022-2027)
20.4.5 Southeast Asia Recycled PET Chips Production, Revenue Forecast (2022-2027)
20.4.6 Middle East Recycled PET Chips Production, Revenue Forecast (2022-2027)
20.4.7 Africa Recycled PET Chips Production, Revenue Forecast (2022-2027)
20.4.8 Oceania Recycled PET Chips Production, Revenue Forecast (2022-2027)
20.4.9 South America Recycled PET Chips Production, Revenue Forecast (2022-2027)
20.4.10 Rest of the World Recycled PET Chips Production, Revenue Forecast (2022-2027)
20.5 Forecast by Type and by Application (2022-2027)
20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2022-2027)
20.5.2 Global Forecasted Consumption of Recycled PET Chips by Application (2022-2027)
21 Consumption and Demand Forecast
21.1 North America Forecasted Consumption of Recycled PET Chips by Country
21.2 East Asia Market Forecasted Consumption of Recycled PET Chips by Country
21.3 Europe Market Forecasted Consumption of Recycled PET Chips by Countriy
21.4 South Asia Forecasted Consumption of Recycled PET Chips by Country
21.5 Southeast Asia Forecasted Consumption of Recycled PET Chips by Country
21.6 Middle East Forecasted Consumption of Recycled PET Chips by Country
21.7 Africa Forecasted Consumption of Recycled PET Chips by Country
21.8 Oceania Forecasted Consumption of Recycled PET Chips by Country
21.9 South America Forecasted Consumption of Recycled PET Chips by Country
21.10 Rest of the world Forecasted Consumption of Recycled PET Chips by Country
22 Research Findings and Conclusion
23 Methodology and Data Source
23.1 Methodology/Research Approach
23.1.1 Research Programs/Design
23.1.2 Market Size Estimation
23.1.3 Market Breakdown and Data Triangulation
23.2 Data Source
23.2.1 Secondary Sources
23.2.2 Primary Sources
23.3 Disclaimer
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
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