U.S. Recycled Pet Flakes Market Size & Outlook, 2023-2030
U.S. recycled pet flakes market, 2018-2030 (US$M)
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U.S. recycled pet flakes market highlights
- The U.S. recycled pet flakes market generated a revenue of USD 1,157.4 million in 2023 and is expected to reach USD 2,420.1 million by 2030.
- The U.S. 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 1,157.4 million |
| Market revenue in 2030 | USD 2,420.1 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, U.S. accounted for 11.4% 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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U.S. 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 85.04% in 2023. Horizon Databook has segmented the U.S. recycled pet flakes market based on clear, colored covering the revenue growth of each sub-segment from 2018 to 2030.
According to the U.S. Environmental Protection Agency (EPA), single-use plastics constitute approximately 50% of the total plastic demand in the country. The plastic recycling rate in the U.S. is low as the plastic waste generated in the country is exported to other countries for recycling.
However, according to the National Association for PET Container Resource (NAPCOR), the PET bottle recycling rate in the U.S. decreased to approximately 26.6% in 2020 from approximately 27.9% in 2019. This is expected to hamper the production of recycled polyethylene terephthalate (rPET) flakes in the country in the coming years.
Companies such as ALLIANCE FIBRES LTD., Sorema, Circularix, and Macquarie Group Limited are some of the potential customers of recycled polyethylene terephthalate (rPET) flakes in the country. In addition, the rising demand for electric vehicles in the U.S. is anticipated to augment the requirement for lightweight and durable plastic components to enhance their efficiency.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. recycled pet flakes market , including forecasts for subscribers. This country databook contains high-level insights into U.S. recycled pet flakes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. recycled pet flakes market size, by product, 2018-2030 (US$M)
U.S. Recycled PET Flakes Market Outlook Share, 2023 & 2030 (US$M)
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