Germany Recycled Pet Flakes Market Size & Outlook
Germany recycled pet flakes market, 2018-2030 (US$M)
Related Markets
Germany recycled pet flakes market highlights
- The Germany recycled pet flakes market generated a revenue of USD 640.8 million in 2023 and is expected to reach USD 1,271.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 10.3% 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.
Recycled pet flakes market data book summary
| Market revenue in 2023 | USD 640.8 million |
| Market revenue in 2030 | USD 1,271.8 million |
| Growth rate | 10.3% (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, Germany accounted for 6.3% 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 Europe, Italy recycled pet flakes market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 1,061.6 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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Germany 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 79.18% in 2023. Horizon Databook has segmented the Germany recycled pet flakes market based on clear, colored covering the revenue growth of each sub-segment from 2018 to 2030.
Germany is one of the leading countries in Europe in terms of recycling rate. The launch of a one-way bottle deposit system in the country in 2003 has been responsible for the high recycling rate in Germany. Thus, customers in the country can use bottles and return them to this deposit system.
The PET bottle producers in Germany can get back their bottles or send them to recycling companies for the development of new bottles, which can further be used in various applications. The one-way deposit system has proved to be a successful model in the country. The availability of reverse vending machines makes it convenient for consumers to return PET bottles.
The flourishing beverages industry in Germany is one of the major factors driving the growth of recycled polyethylene terephthalate (rPET) flakes market in the country. This industry uses over 34% of recycled flakes to manufacture new PET bottles. In addition, the low price volatility of recycled polyethylene terephthalate (rPET) flakes is one of the factors driving the growth of the market in Germany.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany recycled pet flakes market , including forecasts for subscribers. This country databook contains high-level insights into Germany recycled pet flakes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany recycled pet flakes market size, by product, 2018-2030 (US$M)
Germany Recycled PET Flakes Market Outlook Share, 2023 & 2030 (US$M)
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