Italy Recycled Pet Flakes Market Size & Outlook, 2023-2030
Italy recycled pet flakes market, 2018-2030 (US$M)
Related Markets
Italy recycled pet flakes market highlights
- The Italy recycled pet flakes market generated a revenue of USD 737.2 million in 2023 and is expected to reach USD 1,405.8 million by 2030.
- The Italy market is expected to grow at a CAGR of 9.7% 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 737.2 million |
| Market revenue in 2030 | USD 1,405.8 million |
| Growth rate | 9.7% (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, Italy accounted for 7.2% 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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Italy 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 75.52% in 2023. Horizon Databook has segmented the Italy recycled pet flakes market based on clear, colored covering the revenue growth of each sub-segment from 2018 to 2030.
The establishment of plastic recycling plants has increased in Italy over the past decade owing to the rise in the consumption of recycled polyethylene terephthalate (rPET) flakes in diverse end-use industries of the country.
Recently, Italy has started investing in the installation of industrial machines to cater to demand generated in the country owing to the increasing consumption of packaged food products and beverages, apparel, and others.
Companies in Italy are investing increasingly in research and development activities to produce recycled polyethylene terephthalate (rPET) flakes to cater to this demand. These trends are anticipated to positively impact the consumption of recycled polyethylene terephthalate (rPET) flakes in the country, thereby fueling the growth of the market in Italy over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy recycled pet flakes market , including forecasts for subscribers. This country databook contains high-level insights into Italy recycled pet flakes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy recycled pet flakes market size, by product, 2018-2030 (US$M)
Italy Recycled PET Flakes Market Outlook Share, 2023 & 2030 (US$M)
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