South Africa Recycled Pet Flakes Market Size & Outlook
South Africa recycled pet flakes market, 2018-2030 (US$M)
Related Markets
South Africa recycled pet flakes market highlights
- The South Africa recycled pet flakes market generated a revenue of USD 169.0 million in 2023 and is expected to reach USD 352.6 million by 2030.
- The South Africa 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 169.0 million |
| Market revenue in 2030 | USD 352.6 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, South Africa accounted for 1.7% 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 Middle East & Africa, Gulf Cooperation Council recycled pet flakes market is projected to lead the regional market in terms of revenue in 2030.
- Gulf Cooperation Council is the fastest growing regional market in Middle East & Africa and is projected to reach USD 467.5 million by 2030.
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Recycled PET Flakes Market Scope
Recycled PET Flakes Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 65.21% in 2023. Horizon Databook has segmented the South Africa recycled pet flakes market based on clear, colored covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa is among the leading countries in the world in terms of global recycling rates. Several organizations in the country promote the recycling of PET flakes using environmentally, economically, and socially sustainable models. Petco is one of the prominent organizations that develop recycled polyethylene terephthalate (rPET) flakes.
It provides financial assistance and subsidies to recyclers who have an application product within their value chains. The organization collects and recycles PET flakes with the support of the Government of South Africa. Petco also helps in creating public awareness in South Africa that has a direct positive impact on the demand for recycled polyethylene terephthalate (rPET) flake-based products in the country.
The use of geotextiles promotes environmental sustainability as they act as alternatives to construction materials such as sand and stone used in landfills. Geotextiles also help in reducing carbon dioxide emissions and carbon footprint. These trends are anticipated to fuel the demand for recycled polyethylene terephthalate (rPET) flakes in South Africa in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa recycled pet flakes market , including forecasts for subscribers. This country databook contains high-level insights into South Africa recycled pet flakes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa recycled pet flakes market size, by product, 2018-2030 (US$M)
South Africa Recycled PET Flakes Market Outlook Share, 2023 & 2030 (US$M)
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