China Recycled Pet Flakes Market Size & Outlook, 2023-2030
China recycled pet flakes market, 2018-2030 (US$M)
Related Markets
China recycled pet flakes market highlights
- The China recycled pet flakes market generated a revenue of USD 904.7 million in 2023 and is expected to reach USD 1,968.0 million by 2030.
- The China market is expected to grow at a CAGR of 11.7% 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 904.7 million |
| Market revenue in 2030 | USD 1,968.0 million |
| Growth rate | 11.7% (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, China accounted for 8.9% 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 Asia Pacific, China recycled pet flakes market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,968.0 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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China 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 73.45% in 2023. Horizon Databook has segmented the China 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 China is well established. However, the ban on plastic waste imports in the country is expected to hamper the growth of the market in the country from 2022 to 2030.
China was the largest importer of plastic waste in the world before the imposition of the import ban on plastic waste in the country in December 2018. Citing environmental and health concerns at the World Trade Organization in July 2017, the government of the country announced a ban on the import of 24 types of waste.
Of these, five are different types of plastics. The imposition of the ban in China has redirected plastic waste to Southeast Asian countries in large volumes. This has led plastic recyclers in China to relocate to Southeast Asian countries. The ban on plastic imports in the country is anticipated to continue negatively impacting the growth of recycled polyethylene terephthalate (rPET) flakes market in China in the coming years as well.
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Horizon Databook provides a detailed overview of country-level data and insights on the China recycled pet flakes market , including forecasts for subscribers. This country databook contains high-level insights into China recycled pet flakes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China recycled pet flakes market size, by product, 2018-2030 (US$M)
China Recycled PET Flakes Market Outlook Share, 2023 & 2030 (US$M)
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