Japan Recycled Pet Flakes Market Size & Outlook, 2023-2030
Japan recycled pet flakes market, 2018-2030 (US$M)
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Japan recycled pet flakes market highlights
- The Japan recycled pet flakes market generated a revenue of USD 669.3 million in 2023 and is expected to reach USD 1,400.2 million by 2030.
- The Japan market is expected to grow at a CAGR of 11.1% 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.
Recycled pet flakes market data book summary
| Market revenue in 2023 | USD 669.3 million |
| Market revenue in 2030 | USD 1,400.2 million |
| Growth rate | 11.1% (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, Japan accounted for 6.6% 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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Japan 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 71.34% in 2023. Horizon Databook has segmented the Japan recycled pet flakes market based on clear, colored covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Plastic Waste Management Institute (PMMI), the average PET plastic recycling rate in Japan for flakes, pellets, and scraps is approximately 84%, which is the highest in Asia Pacific. The country recycles approximately 23% of the plastic waste through mechanical processes and approximately 4% through chemical processes, while the rest of the plastic waste is recycled through thermal processes by burning it to produce energy.
Approximately 30 billion plastic bags per year are used in the country with approximately 740 PET bottles being bought per second in Japan. The government of the country aims to reduce plastic waste generation by approximately 25% by 2030.
Thus, the increasing recycling rate and the rising concerns over reducing plastic waste are expected to create lucrative growth opportunities for recycled polyethylene terephthalate (rPET) flakes market in Japan in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan recycled pet flakes market , including forecasts for subscribers. This country databook contains high-level insights into Japan recycled pet flakes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan recycled pet flakes market size, by product, 2018-2030 (US$M)
Japan Recycled PET Flakes Market Outlook Share, 2023 & 2030 (US$M)
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