Recycled Polyethylene Terephthalate Market 2018 Sales Strategy, Revenue Generation | Top 10 Key Players & Forecast to 2023

Global Recycled Polyethylene Terephthalate Market Information: By Product (Clear, Colored), Application (Fiber, Strapping, Sheet & Film, Food & Non-Food Bottles, and Others), Region- Forecast Till 2023

Pune, India - September 13, 2018 /MarketersMedia/ —

Recycled polyethylene terephthalate (RPET) is widely used plastic in the packaging industry due to a reduction in greenhouse emissions, sustainability, and low cost. RPET bottles can be of two types, crystal, and color. Clear RPET is being increasingly used in the beverages and water bottle packaging due to improved product performance. Colored RPET usage is rising in food and non-food containers due to structural strength which will improve the product shelf life. The product finds application in fiber, food and non-food products, sheet & film, and strapping. Among these, RPET is majorly used for producing fiber due to less energy consumption and reduced carbon emission. The fiber produced from RPET is widely used in textile industry due to fiber strength and durability. Increasing film and sheets usage in the packaging industry is escalating the product demand. Furthermore, it is increasingly used for packaged food and non-food products due to its light weight and environmental efficiency.

Get your sample copy now @ https://www.marketresearchfuture.com/sample_request/5812

Global top 10 Key Players

Some of the key players in the global recycled polyethylene terephthalate market are Placon (U.S.), Clear Path Recycling (U.S.), Verdeco Recycling Inc. (U.S.), Indorama Ventures Public Company Limited (Thailand), M & G Chemicals (Luxembourg), Zhejiang Anshun Pettechs Fiber Co., Ltd (China), PolyQuest (U.S.), Evergreen Plastics (U.S.), Phoenix Technologies (U.S.), Montello SPA (Italy), and LIBOLON (Taiwan).

Intended Audience

Recycled polyethylene terephthalate manufacturers
Traders and distributors of recycled polyethylene terephthalate
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratory

Increasing demand from the packaging industry for the sustainable material source is driving the growth of the RPET market. Growing environmental concerns and supportive government policies are stimulating the demand for various applications. Rising consumption of the packaging and food & beverage products due to number of benefits associated such as increased shelf life is slated to uplift market growth over the forecast period further. Rising awareness among consumers regarding plastic wastage is influencing the government to take initiatives aimed at promoting recycling across the globe. Some of the initiatives taken are NAPCOR (U.S.), Petcore (EUROPE) and Green Fence Policy (China) that are aimed at reducing plastic waste and promote recycling as part of long-term sustainability outlook. RPET usage is increasing in place of a virgin PET due to factors such as reduced energy consumption.

Companies such as Coca-Cola and PepsiCo have increased recycled content in the bottled beverages. PepsiCo has joined new plastics economy initiative in 2017 to accomplish its goal of 100% recyclable plastic usage by 2025.The new plastic initiative is a three-year initiative aimed at bringing together all the stakeholders to encourage the use of recyclable plastic.

The product demand is increasing from the textile and apparel industry due to changing fashion trends and rising per capita disposable income. However, cloth manufacturing using RPET fiber requires a huge investment in weaving machines due to a thickness that might restrict the threat of new entrants into the market. Growing demand for packaged beverages and food products due to convenience and improved product quality is propelling the market growth.

Browse complete report now @ https://www.marketresearchfuture.com/reports/recycled-polyethylene-terephthalate-market-5812

Regional Analysis

Asia Pacific is the fastest growing region for RPET due to the prevalence of prominent players in the textile industry. Growing packaging industry in India and China is majorly influencing the RPET market coupled with rising consumer awareness regarding advantages of recycled products. Initiative taken by the Government of India in 2018 to ban plastic use is expected to drive the market for RPET.

Additionally, Indian Ministry of environmental, forest, and climate change has banned recycling of imported PET bottles to emphasize on similar waste generated within the country. Some of the Indian States such as Himachal Pradesh, Uttarakhand, and Maharashtra have banned the usage of PET bags to promote green revolution and decrease plastic waste.

North America is witnessing a significant growth as a result of increasing contribution of market players towards the use of recyclable plastics. For instance, Nestle Waters has launched new recycling labeling across all the major U.S. bottled brand to encourage all Americans for recycling plastic.

Contact Info:
Name: Abhishek
Organization: Market Research Future

Source URL: https://marketersmedia.com/recycled-polyethylene-terephthalate-market-2018-sales-strategy-revenue-generation-top-10-key-players-forecast-to-2023/406931

For more information, please visit https://www.marketresearchfuture.com/reports/recycled-polyethylene-terephthalate-market-5812

Source: MarketersMedia

Release ID: 406931