Latin America Recycled Pet Flakes Market Size & Outlook
Latin America recycled pet flakes market, 2018-2030 (US$M)
Related Markets
Latin America recycled pet flakes market highlights
- The Latin America recycled pet flakes market generated a revenue of USD 1,351.4 million in 2023.
- The market is expected to grow at a CAGR of 11.6% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,351.4 million |
| Market revenue in 2030 | USD 2,911.9 million |
| Growth rate | 11.6% (CAGR from 2023 to 2030) |
| Largest segment | Clear |
| Fastest growing segment | Clear |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 13.3% of the global recycled pet flakes market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 2,911.9 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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Latin America 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 69.48% in 2023. Horizon Databook has segmented the Latin America recycled pet flakes market based on clear, colored covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America includes countries such as Brazil, Argentina, Peru, Chile, and Venezuela. The increasing demand for food and non-food bottles for use in various industries, coupled with the growing economy of the countries of the region, is majorly driving the growth of recycled polyethylene terephthalate (rPET) flakes market in Central & South America.
The flourishing recycling industry in countries such as Brazil and the surging investments by plastic and plastic recycling companies in Central & South America are anticipated to contribute to the growth of recycled polyethylene terephthalate (rPET) flakes market in the region from 2022 to 2030.
For instance, in November 2021, Amcor developed the lightest 900-ml PET bottle, which can be recycled a number of times. It has been one of the latest developments related to the recycling of PET flakes carried out in Central & South America in recent times.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America recycled pet flakes market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America recycled pet flakes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America recycled pet flakes market size, by country, 2018-2030 (US$M)
Latin America Recycled PET Flakes Market Outlook Share, 2023 & 2030 (US$M)
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