Global Recycled PET Market Size, Share 2025-2034

Global Recycled PET Market: Overview

According to Custom Market Insights (CMI), The Global Recycled PET Market  was valued at USD 11.74 Billion in the year 2025 and it is expected to grow to USD 20.02 Billion by the year 2034 growing at a compound annual growth rate of 6.1% during the forecast period 2025 and 2034.

Increased interest in circular economy and sustainability approaches has guaranteed more focus on global recycled PET (rPET) market. Industry trends indicate that rising environmental awareness and regulatory pressure have compelled producers and consumers to move towards cleaner alternatives to virgin plastics.

While worldwide plastic production keeps on increasing above 400 million metric tons through 2022, most of which has accumulated in landfill areas or bodies of water, rPET is a very appealing option because it creates opportunities for recycling post-consumer PET to produce possibilities for reuse. Amongst policies of key note changing momentum are the European Union Single-Use Plastics Directive and the United States Plastic Waste Reduction and Recycling Act.

In countries like India, Extended Producer Responsibility (EPR) initiatives are encouraging brands to employ greater rPET content in packaging. Such initiatives, along with enhanced technology in PET collection and processing, are not only reducing the environmental footprint of plastic waste but also creating new economic opportunities for sustainable packaging and textile industries.

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Recycled PET Market: Growth Drivers

• Environmental Awareness Growth: As individuals and organizations become increasingly exposed to heightened environmental awareness, there is an increasing need for such environmentally friendly materials as recycled PET (rPET). One-use plastic environmental impact, plastic pollution, and global warming are pushing such change. Businesses are switching to the application of more sustainable methods, and consumers are calling for product products with recycling material incorporated, and this fuels growth in rPET markets. For example, Coca-Cola India rolled out 100% recycled PET (rPET) bottles for its beverages in carbonated form in 250ml and 750ml pack sizes in October 2023 to assist in driving a circular economy.The bottles, which are produced by partners like Moon Beverages and Hindustan Coca-Cola Beverages, feature a Recycle Me Again mark to prompt consumer recycling. This step, together with the use of Affordable Small Sparkling Pack (ASSP) packaging, reduces emissions by as much as 66 percent and is in line with Coca-Colas goal for 100% recyclable packaging by 2025 and 50% recycled content by 2030.

• Policies of the Government:: Governments everywhere are bringing policies into existence that promote recycling and reduce plastic waste, thus fueling the rPET market. Single-use plastic bans and Extended Producer Responsibility (EPR) are some of the policies that compel manufacturers to incorporate recycled material into their products.The guidelines provide a good climate for rPET adoption by different industries.For instance, on February 16, 2022, the Ministry of Environment, Forest and Climate Change launched new Extended Producer Responsibility (EPR) rules for the first time in October 2021 under the Plastic Waste Management Rules 2016. The rules categorize plastic packaging into rigid, flexible, multi-layered, and compostable packaging, for which producers, importers, and brand owners will be held liable for waste by reuse, recycling, and disposal.For the first time, packaging will be obliged to use recycled plastic, at rising percentages from 2025 to 2029. The regulations also include an EPR certificate trading mechanism, a plastic circular economy, and environmentally friendly waste management in India.

• Plastic Waste Crisis:: With the growing plastic waste crisis, recycling and utilization of rPET have gained further attention. Produced by millions of tons annually, plastic waste is generating an urgent need for waste management solutions in a sustainable way. rPET has become a desirable solution by way of transforming waste post-consumer plastic into profitable raw materials so as to deter environmental pollution. For instance, in February 2025, Mexican firm Petgas has developed a pyrolysis machine in Boca del Rio that converts plastic waste into fuels like gasoline, diesel, kerosene, and coke. It can handle 1.5 tons of plastic per week and produces approximately 356 gallons (1,350 liters) of fuel. The process begins with propane but becomes self-sustaining. Petgas asserts that its fuel contains lower sulfur levels and a smaller footprint, and is designed to fight plastic pollution and make waste into a usable commodity. These types of efforts, in combination with conventional recycling initiatives, help mitigate the plastic waste epidemic and support the use of rPET.

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Recycled PET Market: Regional Analysis

• North America: North America, the U.S., Canada, and Mexico specifically, is a leader in adopting recycled PET due to high levels of environmental consciousness, regulation, and corporate green initiatives. The continent is spending heavily on recycling plants to help drive a circular economy. In July 2022, for example, Evergreen commissioned a 54,000 sq. ft. adding four extrusion lines and its Clyde, Ohio plants capacity to 113 million pounds yearly of food-grade rPET. Funded by a $5M investment by Closed Loop Partners and the American Beverage Association, the venture enables Evergreen to move into food-grade rPET production and drive recycling targets worldwide.

• Europe: Europe takes the lead when it comes to recycling with good infrastructure and strict EU policy that demands lower plastic waste and more recycled content in products, driving the rPET market. For example, in February 2025, The European PET industry, worth more than $5.5 billion, is challenged despite encouraging trends such as a 75% collection rate and 24% rPET content in bottles. High rPET prices, lower-cost imports, and sluggish EU recycling sector growth jeopardize long-term sustainability. Stakeholders call for enhanced coordination, harmonized legislation, and a level playing field to ensure competitiveness and prevent problems confronting the EU textiles industry.

• Asia - Pacific: The Asia - Pacific region, consisting of China, India, and Southeast Asia, is seeing fast paced industrialization and urbanization, leading to increased consumption of plastic. Focus is being laid on increasing recycling capacity and adopting sustainable practices to manage plastic waste better. For instance, in August 2023, Amcor signed a deal to purchase Indian flexible packaging company Phoenix Flexibles, which has a plant in Gujarat, for approximately US$20 million. The deal will grow the size of Amcor in India high-growth market, increase machine-direction oriented film technology to provide more sustainable packaging solutions, and increase Amcor product offerings in high-value categories. The transaction is anticipated to close in September 2023.

• LAMEA: The LAMEA market is slowly adopting recycled PET solutions due to heightened environmental consciousness, regulatory changes, and the need for sustainable waste management. Despite the ongoing growth of the market, there is strong potential as countries are investing in recycling technology and infrastructure. In February 2025, The IFC partnered with the Mohinani Group to boost plastic recycling in West Africa through a $37 million loan for Polytank Ghana and Sonnex Packaging Nigeria. The project will create PET recycling facilities manufacturing 15,000 tons of rPET per year, substituting virgin PET in packaging. The initiative will provide 90% of raw materials locally, establish more than 4,000 employment opportunities, and achieve $21 million in yearly import savings, facilitating climate change mitigation and economic development.

Recycled PET Market: SWOT Analysis

• Strengths: The rPET market is sound environmentally as it assists with plastic waste management and sustainability. The increasing awareness of eco-products as well as the circular economy has prompted industries to utilize rPET in packaging. rPET contains good clarity, good quality, and good durability, so a good replacement of virgin PET in various applications, including bottles, fabrics, and film.

• Weaknesses: One of the main flaws in the rPET market is the contamination of PET waste, which can decrease the quality of the end product recycled and restrict its application in food-grade packaging. In addition, the market also has drawbacks in the form of irregular collection systems, high cost of processing, and technological shortcomings in certain regions. These limitations can make the rPET less competitive than virgin PET.

• Opportunities: There is tremendous potential for rPET in developing economies with increasing urbanization, greater green sensitivity, and pro-government policies. New technology, such as chemical recycling and AI-powered sorting equipment, can improve efficiency and product quality. Company sustainability commitments and policy measures like EPR are also creating new market opportunities for recyclates.

• Threats: The rPET business is price-sensitive, particularly if virgin PET is cheaper, delaying the use of recycled material. Variation in regulation across the world and a lack of recycling units in the emerging markets can also restrain growth. Import bans, trade restrictions, and the reluctance of consumers to use recyclable materials are also likely growth deterrents.

Key Players:

• Amcor Ltd
• PLACON
• Clear Path Recycling LLC
• Verdeco Recycling Inc.
• Indorama Ventures Public Ltd.
• Zhejiang Anshun Pettechs Fibre Co. Ltd.
• PolyQuest
• Evergreen Plastics Inc.
• Phoenix Technologies
• Libolon
• Biffa
• Others

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The global Recycled PET Market is segmented as follows:

By Color

• Clear
• Colored

By Grade

• Post-consumer Resin
• Post-commercial Resin
• Post-industrial Resin

By Application

• Food & Beverage Bottles
• Non-food Bottles
• Fiber
• Sheets & Films
• Strapping
• Others (including Rope and Automotive Parts)

On the basis of Geography

North America

• The U.S.
• Canada
• Mexico

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

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