Mexico Recycled Pet Flakes Market Size & Outlook
Mexico recycled pet flakes market, 2018-2030 (US$M)
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Mexico recycled pet flakes market highlights
- The Mexico recycled pet flakes market generated a revenue of USD 832.8 million in 2023 and is expected to reach USD 1,672.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 10.5% 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 832.8 million |
| Market revenue in 2030 | USD 1,672.3 million |
| Growth rate | 10.5% (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, Mexico accounted for 8.2% 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 North America, U.S. recycled pet flakes market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,420.1 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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Mexico 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 83.21% in 2023. Horizon Databook has segmented the Mexico recycled pet flakes market based on clear, colored covering the revenue growth of each sub-segment from 2018 to 2030.
Recycled polyethylene terephthalate (rPET) flakes market in Mexico is projected to grow significantly from 2022 to 2030 owing to the rising construction spending in the country and the increasing inclination of consumers toward sustainable and lightweight building materials in place of conventional materials.
In November 2021, a highway developed from approximately 4.04 million tons of recycled plastics, which is equivalent to approximately 35,000 plastic packaging solutions, was inaugurated in Guanajuato in central Mexico. The ban on plastic imports by China has paved the way for Mexico-based plastic recyclers.
Moreover, new investment opportunities in the plastic recycling industry of the country are expected to further fuel the growth of recycled polyethylene terephthalate (rPET) flakes market in Mexico during the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico recycled pet flakes market , including forecasts for subscribers. This country databook contains high-level insights into Mexico recycled pet flakes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico recycled pet flakes market size, by product, 2018-2030 (US$M)
Mexico Recycled PET Flakes Market Outlook Share, 2023 & 2030 (US$M)
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