Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Recycled Polyethylene Terephthalate (rPET) Market (By Product: Clear, Coloured; By End-Use: Fiber, Sheet and Film, Strapping, Food & Beverage Containers and Bottles, Non-Food Containers and Bottles, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026”.
LOS ANGELES, April 04, 2019 (GLOBE NEWSWIRE) -- The international recycled polyethylene terephthalate (rPET) industry size is expected to exceed USD 12.5 billion till 2026 and the market is anticipated to display a CAGR of 8.0% during the prediction years.
The market is driven by Thriving beverage market in APAC countries for instance Vietnam, China, South Korea, India, Japan, and Philippines has been inspiring the development of the rPET market.
Free Download Sample Report Pages for Better understanding@
https://www.acumenresearchandconsulting.com/request-sample/1245
Recycled PET, also referred as recycled polyethylene terephthalate (rPET), is a synthetic compound prepared from used PET products that finds application in an extensive range of end-use businesses. The resins are manufactured from post-consumer PET bottle flakes and are one of the most stable forms of recycled PET.
Clear recycled polyethylene terephthalate (rPET) was the largest product type in the worldwide rPET industry in 2019. It is anticipated to retain its position through 2026 due to high need for bottles and sheets. The segment is extensively used in multiple applications for instance, in manufacture of resins and fibers.
Growing need for recycled polyethylene terephthalate (rPET) in the non-food sector is also projected to advantage the development of the industry over the prediction period. Increasing concerns concerning sustainability of natural resources in emerging countries of North America and Europe are expected to intensify the need for the product over the prediction period.
Spiralling need for food and non-food bottles across a large numeral of end-use businesses and improving financial conditions are the main factors fuelling the need for recycled polyethylene terephthalate (rPET) in Latin America. Growing per capita income, paired with increasing FMCG market, is helping the industry flourish in the region.
View Detail Information with Complete TOC@ https://www.acumenresearchandconsulting.com/recycled-polyethylene-terephthalate-rpet-market
Fiber was the leading end-use segment in the worldwide recycled PET industry. It registers for 44.81% of the industry volume in 2019. High need from the FMCG, automobiles, consumer goods, clothing & accessories, telecom, textile, and home furnishing sectors is contributing to the development of the industry. Fiber is mainly used in making cushions, mattresses, insulation products and car seating.
The global recycled polyethylene terephthalate (rPET) market has been classified into product, end-use and region. Based on product, the global recycled polyethylene terephthalate (rPET) market is segregated into clear and coloured. Based on end-use, the global recycled polyethylene terephthalate (rPET) market is segregated into fiber, sheet and film, strapping, food & beverage containers and bottles, non-food containers and bottles and others. On the basis of region, the global recycled polyethylene terephthalate (rPET) market is bifurcated into North America, Latin America, Europe, Middle East & Africa, and Asia Pacific.
Browse All official Market Research Reports Press Releases@ https://www.acumenresearchandconsulting.com/press-releases
Explore Our Market Blog@ https://www.acumenresearchandconsulting.com/blogs
Asia Pacific was the significant income contributor in 2019. It is composed to be the largest regional industry through 2026. APAC is characterized by obtain ability of an important amount of skilled labour at low cost and easy accessibility of land. Drift in production landscape towards developing economies, predominantly India and China, is expected to optimistically influence the development of the market over the estimated period.
Growing bottle-to-bottle production and thriving beverages industry in Asia Pacific are projected to drive the recycled polyethylene terephthalate (rPET) market over the prediction period. rPET packaging for food & beverages delivers environmental impact resistance and thermal insulation. The packaging also shows to be pocket friendly due to low cost involved in its production. Growing population in developing countries of Latin America and Asia Pacific is possible to gear up the demand for recycled polyethylene terephthalate (rPET) bottles and containers.
The clear recycled polyethylene terephthalate (rPET) segment is leading the industry in 2019. It is projected to show a CAGR of 7.2% in terms of value during the prediction period. This type is the most extensively recycled PET due to the vast usage of clear PET bottles worldwide.
The development of the coloured segment is mainly driven on account of its outstanding strength and durability. The base of few non-food containers and food containers produced from coloured rPET delivers structural strength that aids in storing goods for a long time. These containers offer structural strength paired with lightness and flexibility, when used for packaging purposes.
The prominent companies in the worldwide recycled polyethylene terephthalate (rPET) market are Libolon; Placon; Phoenix Technologies; Clear Path Recycling LLC; Evergreen Plastics, Inc.; Verdeco Recycling, Inc.; PolyQuest; M&G Chemicals; and Zhejiang Anshun Pettechs Fibre Co., Ltd.
INQUIRY BEFORE BUYING@
https://www.acumenresearchandconsulting.com/inquiry-before-buying/1245
The report is readily available and can be dispatched immediately after payment confirmation.
Buy this premium research report –
https://www.acumenresearchandconsulting.com/buy-now/0/1245
Would like to place an order or any question, please feel free to contact at sales@acumenresearchandconsulting.com | +1 407 915 4157
For Latest Update Follow Us:
https://www.facebook.com/acumenresearchandconsulting
https://www.linkedin.com/company/acumen-research-and-consulting/
Browse More Press Releases: http://www.amecoresearch.com/