Asia Pacific Recycled Polyethylene Terephthalate Market Size & Outlook
Asia Pacific recycled polyethylene terephthalate market, 2018-2030 (US$M)
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Asia Pacific recycled polyethylene terephthalate market highlights
- The Asia Pacific recycled polyethylene terephthalate market generated a revenue of USD 2,436.4 million in 2023.
- The market is expected to grow at a CAGR of 5.3% from 2024 to 2030.
- In terms of segment, packaging was the largest revenue generating application in 2023.
- Building & Construction is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 2,436.4 million |
| Market revenue in 2030 | USD 3,488.6 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Packaging |
| Fastest growing segment | Building & Construction |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Building & Construction, Packaging, Electrical & Electronics, Textiles, Automotive |
| Key market players worldwide | PLACON, Indorama Ventures PCL ADR, Biffa, Verdeco Recycling, Polyquest, Phoenix Technologies, Libolon |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 45.1% of the global recycled polyethylene terephthalate 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 415.9 million by 2030.
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Recycled Polyethylene Terephthalate Market Scope
Recycled Polyethylene Terephthalate Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific recycled polyethylene terephthalate 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 polyethylene terephthalate market will help companies and investors design strategic landscapes.
Packaging was the largest segment with a revenue share of 33.93% in 2023. Horizon Databook has segmented the Asia Pacific recycled polyethylene terephthalate market based on building & construction, packaging, electrical & electronics, textiles, automotive covering the revenue growth of each sub-segment from 2018 to 2030.
Recycled PET market is the largest in Asia Pacific on account of the presence of a strong manufacturing industry wherein rPET is widely used across several applications. Wide customer base, government initiatives, and cheap production cost are expected to drive the rPET market growth.
Asia Pacific will continue to be the largest market for rPET owing to a strong network of manufacturing facilities located in economically viable countries in the region. High import of post-consumer PET bottles coupled with primary production sites due to relaxed regulations is expected to drive the market growth.
Asia Pacific is characterized by the availability of a significant amount of skilled labor at low cost and the easy availability of land. The shift in production landscape toward emerging economies, particularly China and India, is expected to positively influence the market growth over the forecast period.
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Target buyers of Asia Pacific recycled polyethylene terephthalate market databook
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Our clientele includes a mix of recycled polyethylene terephthalate market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific recycled polyethylene terephthalate market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific recycled polyethylene terephthalate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific recycled polyethylene terephthalate market size, by country, 2018-2030 (US$M)
Asia Pacific Recycled Polyethylene Terephthalate Market Outlook Share, 2023 & 2030 (US$M)
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