Recycled Polyethylene Terephthalate Market Worth $18.46 Billion By 2030
Recycled Polyethylene Terephthalate Industry Overview The global recycled polyethylene terephthalate market size is expected to reach USD 18.46 billion by 2030, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 7.4% from 2022 to 2030. The growing beverage industry in Asia Pacific countries such as China, Japan, India, Vietnam, South Korea, and the Philippines and the increasing demand for recycled polyethylene terephthalate (rPET) in the non-food sector are expected to boost the market growth over the forecast period. Recycled Polyethylene Terephthalate Market Segmentation Grand View Research has segmented the global recycled polyethylene terephthalate (rPET) market based on product, end-use, and region: Based on the Product Insights, the market is segmented into Clear, Colored. The clear segment held the largest revenue share of over 75.0% in 2021. Low energy requirements and ease of bottle-to-bottle recycling are expect...