Gulf Cooperation Council Recycled Pet Flakes Market Size & Outlook
Gulf Cooperation Council recycled pet flakes market, 2018-2030 (US$M)
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Gulf Cooperation Council recycled pet flakes market highlights
- The Gulf Cooperation Council recycled pet flakes market generated a revenue of USD 213.4 million in 2023 and is expected to reach USD 467.5 million by 2030.
- The Gulf Cooperation Council market is expected to grow at a CAGR of 11.9% 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 213.4 million |
| Market revenue in 2030 | USD 467.5 million |
| Growth rate | 11.9% (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, Gulf Cooperation Council accounted for 2.1% 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 Middle East & Africa, Gulf Cooperation Council recycled pet flakes market is projected to lead the regional market in terms of revenue in 2030.
- Gulf Cooperation Council is the fastest growing regional market in Middle East & Africa and is projected to reach USD 467.5 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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Gulf Cooperation Council 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 66.21% in 2023. Horizon Databook has segmented the Gulf Cooperation Council recycled pet flakes market based on clear, colored covering the revenue growth of each sub-segment from 2018 to 2030.
GCC countries are among the most polluted areas in the world. High emissions of greenhouse gases, such as nitrogen dioxide and sulfur dioxide owing to the overutilization of subsidized energy, the unprecedented infrastructural activities, and the presence of a number of cement plants have led to a high level of pollution in these countries.
The frequent occurrence of sandstorms in GCC countries highly affects the distribution of pollutants in these geographies. The governments of GCC countries have taken certain measures to reduce the number of landfills for decreasing the pollution rate in these countries.
A major part of landfills in GCC countries consists of plastic waste, which can be easily recycled for the development of PET flakes. All these factors together are expected to positively influence the growth of the market for recycled polyethylene terephthalate (rPET) flakes in GCC countries during the forecast period.
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Target buyers of Gulf Cooperation Council recycled pet flakes market databook
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Our clientele includes a mix of recycled pet flakes market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Gulf Cooperation Council recycled pet flakes market , including forecasts for subscribers. This country databook contains high-level insights into Gulf Cooperation Council recycled pet flakes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Gulf Cooperation Council recycled pet flakes market size, by product, 2018-2030 (US$M)
Gulf Cooperation Council Recycled PET Flakes Market Outlook Share, 2023 & 2030 (US$M)
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