Europe Recycled Pet Flakes Market Size & Outlook
Europe recycled pet flakes market, 2018-2030 (US$M)
Related Markets
Europe recycled pet flakes market highlights
- The Europe recycled pet flakes market generated a revenue of USD 2,268.0 million in 2023.
- The market is expected to grow at a CAGR of 10.1% 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, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,268.0 million |
| Market revenue in 2030 | USD 4,457.3 million |
| Growth rate | 10.1% (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, Europe region accounted for 22.3% 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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Europe 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 77.2% in 2023. Horizon Databook has segmented the Europe 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 are sustainable raw materials used for developing various products. Their increasing consumption for manufacturing different products has resulted in a reduced number of plastic landfills across Europe.
The recycling process of PET flakes consumes lesser energy than the energy consumed during the production of virgin PET. The landfill ban has been imposed for decades in a number of European countries such as France, Denmark, Germany, and Austria.
High landfill tipping fees and dumping tariffs, as well as the deployment of costly functional waste management systems and high closing costs of landfills in the region, have encouraged the locals in Europe to switch to recycled polyethylene terephthalate (rPET) flake-based products.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe recycled pet flakes market , including forecasts for subscribers. This continent databook contains high-level insights into Europe recycled pet flakes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe recycled pet flakes market size, by country, 2018-2030 (US$M)
Europe Recycled PET Flakes Market Outlook Share, 2023 & 2030 (US$M)
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