Asia Pacific Recycled Pet Flakes Market Size & Outlook
Asia Pacific recycled pet flakes market, 2018-2030 (US$M)
Related Markets
Asia Pacific recycled pet flakes market highlights
- The Asia Pacific recycled pet flakes market generated a revenue of USD 3,078.0 million in 2023.
- The market is expected to grow at a CAGR of 11.3% from 2024 to 2030.
- In terms of segment, clear was the largest revenue generating product in 2023.
- Clear is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 3,078.0 million |
| Market revenue in 2030 | USD 6,516.3 million |
| Growth rate | 11.3% (CAGR from 2023 to 2030) |
| Largest segment | Clear |
| Fastest growing segment | Clear |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Clear, Colored |
| Key market players worldwide | Indorama Ventures PCL ADR, Biffa, Tomra Systems ASA, Verdeco Recycling, Polyquest, Veolia, Pashupati Cotspin, AlEn USA |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 30.3% of the global recycled pet flakes market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 2,911.9 million by 2030.
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Recycled PET Flakes Market Scope
Recycled PET Flakes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific recycled pet flakes market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to recycled pet flakes market will help companies and investors design strategic landscapes.
Clear was the largest segment with a revenue share of 72.26% in 2023. Horizon Databook has segmented the Asia Pacific recycled pet flakes market based on clear, colored covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is characterized by the easy availability of low-cost skilled labor at a large scale. The region also has abundant land. The shift in the global production landscape toward emerging economies of Asia Pacific, including China and India, is expected to positively influence the growth of recycled polyethylene terephthalate (rPET) flakes market in the region over the forecast period.
Asia Pacific is home to several rapidly expanding industries such as construction, automotive, and electronics that present significant growth potential for manufacturers of recycled polyethylene terephthalate (rPET) flakes.
Asia Pacific is the largest producer and consumer of recycled polyethylene terephthalate (rPET) flakebased products globally. Almost all types of application products developed from recycled polyethylene terephthalate (rPET) flakes are produced in the region owing to the presence of large manufacturing facilities and strong recycling industry in Asia Pacific that develop pellets and flakes.
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Our clientele includes a mix of recycled pet flakes market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific recycled pet flakes market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific recycled pet flakes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific recycled pet flakes market size, by country, 2018-2030 (US$M)
Asia Pacific Recycled PET Flakes Market Outlook Share, 2023 & 2030 (US$M)
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