Canada Recycled Pet Flakes Market Size & Outlook
Canada recycled pet flakes market, 2018-2030 (US$M)
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Canada recycled pet flakes market highlights
- The Canada recycled pet flakes market generated a revenue of USD 955.0 million in 2023 and is expected to reach USD 1,950.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 10.7% 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 955.0 million |
| Market revenue in 2030 | USD 1,950.9 million |
| Growth rate | 10.7% (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, Canada accounted for 9.4% 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 North America, U.S. recycled pet flakes market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,420.1 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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Canada 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 84.1% in 2023. Horizon Databook has segmented the Canada recycled pet flakes market based on clear, colored covering the revenue growth of each sub-segment from 2018 to 2030.
Recycled polyethylene terephthalate (rPET) flakes market in Canada is expected to grow at a significant rate during the forecast period owing to the increasing prices and the surging import volume of colored and clear recycled polyethylene terephthalate (rPET) flake-based products in the country. Clear PET bottles were the most recycled PET bottles in Canada in 2022.
The growing investments by the Government of Canada in the recycling industry are fueling the growth of recycled polyethylene terephthalate (rPET) flakes market in the country. Canada has a decent PET bottle collection rate, which, in turn, promotes the growth of recycled polyethylene terephthalate (rPET) flakes market in the country.
Several new players such as Repro Plastics Canada Inc., Ac Recycling Ltd.C O Sinoshi Inc., Ceva Logistics Canada Corp., and Jiesen Trading Co. Inc. are emerging in remote locations of the country owing to its highly segregated population.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada recycled pet flakes market , including forecasts for subscribers. This country databook contains high-level insights into Canada recycled pet flakes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada recycled pet flakes market size, by product, 2018-2030 (US$M)
Canada Recycled PET Flakes Market Outlook Share, 2023 & 2030 (US$M)
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