India Recycled Pet Flakes Market Size & Outlook, 2023-2030
India recycled pet flakes market, 2018-2030 (US$M)
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India recycled pet flakes market highlights
- The India recycled pet flakes market generated a revenue of USD 863.6 million in 2023 and is expected to reach USD 1,832.9 million by 2030.
- The India market is expected to grow at a CAGR of 11.4% 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 863.6 million |
| Market revenue in 2030 | USD 1,832.9 million |
| Growth rate | 11.4% (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, India accounted for 8.5% 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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India 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 72.39% in 2023. Horizon Databook has segmented the India recycled pet flakes market based on clear, colored covering the revenue growth of each sub-segment from 2018 to 2030.
India is one of the emerging recycling hubs in Asia Pacific owing to the easy availability of low-cost labor and the presence of government initiatives favoring the growth of the recycling industry, along with reduced transportation charges. The increasing ease of doing business is one of the key factors leading to the surged financial investments in all sectors, especially information technology, e-commerce, and recycling, in the country.
India is witnessing significant growth in various application industries such as furniture, construction, packaging, and automotive. Ongoing industrialization and urbanization have led to an increasing requirement for food and non-food products in the country.
Rising disposable income has made it possible and convenient for consumers to afford finished products. The aforementioned factors are anticipated to fuel the demand for recycled polyethylene terephthalate (rPET) flakes in the food & beverages and consumer goods industries, as well as in household applications in India.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the India recycled pet flakes market , including forecasts for subscribers. This country databook contains high-level insights into India recycled pet flakes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India recycled pet flakes market size, by product, 2018-2030 (US$M)
India Recycled PET Flakes Market Outlook Share, 2023 & 2030 (US$M)
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