Brazil Recycled Pet Flakes Market Size & Outlook
Brazil recycled pet flakes market, 2018-2030 (US$M)
Related Markets
Brazil recycled pet flakes market highlights
- The Brazil recycled pet flakes market generated a revenue of USD 516.7 million in 2023 and is expected to reach USD 1,083.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 11.2% 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.
Recycled pet flakes market data book summary
| Market revenue in 2023 | USD 516.7 million |
| Market revenue in 2030 | USD 1,083.1 million |
| Growth rate | 11.2% (CAGR from 2023 to 2030) |
| Largest segment | Clear |
| Fastest growing segment | Clear |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 5.1% of the global recycled pet flakes market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Argentina recycled pet flakes market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 1,092.2 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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Brazil 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 70.43% in 2023. Horizon Databook has segmented the Brazil recycled pet flakes market based on clear, colored covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil has one of the best PET recycling ratios in the Central & South America. Growing investments from major plastic corporations in the country to improve their recycling capacities are further expected to surge the production of recycled PET in Brazil.
For instance, in October 2022, Indorama Ventures Public Company Limited (IVL), in partnership with Coca-Cola Beverages Philippines, announced the official opening of its PET Value bottle-to-bottle recycling plant in the Philippines.
A number of regulations related to packaged food products and food packaging materials are implemented in Brazil by Anvisa the National Health Surveillance Agency of the country. These regulations related are expected to drive the demand for recycled polyethylene terephthalate (rPET) flakes in Brazil as they provide necessary properties to the plastics.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil recycled pet flakes market , including forecasts for subscribers. This country databook contains high-level insights into Brazil recycled pet flakes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil recycled pet flakes market size, by product, 2018-2030 (US$M)
Brazil Recycled PET Flakes Market Outlook Share, 2023 & 2030 (US$M)
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