Canada Recycled Polyethylene Terephthalate Market Size & Outlook
Canada recycled polyethylene terephthalate market, 2018-2030 (US$M)
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Canada recycled polyethylene terephthalate market highlights
- The Canada recycled polyethylene terephthalate market generated a revenue of USD 136.7 million in 2023 and is expected to reach USD 199.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.6% 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.
Recycled polyethylene terephthalate market data book summary
| Market revenue in 2023 | USD 136.7 million |
| Market revenue in 2030 | USD 199.5 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Packaging |
| Fastest growing segment | Building & Construction |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 2.5% of the global recycled polyethylene terephthalate market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. recycled polyethylene terephthalate market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 199.5 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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Canada 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 35.92% in 2023. Horizon Databook has segmented the Canada 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.
Clear type PET bottles were the most recycled PET bottles in 2021. Canada rPET market has been witnessing growth over the past five years due to significant investments in recycling industry. The country has a decent PET bottle collection rate, which, in turn, promotes rPET industry growth in the region.
Several new players are emerging in remote locations of the country owing to a highly segregated population. Most of the Tier I cities have established recycling plants leaving limited scope for expansion of existing facilities and almost no scope for the establishment of new plants.
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Target buyers of Canada 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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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 country-level data and insights on the Canada recycled polyethylene terephthalate market , including forecasts for subscribers. This country databook contains high-level insights into Canada recycled polyethylene terephthalate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada recycled polyethylene terephthalate market size, by application, 2018-2030 (US$M)
Canada Recycled Polyethylene Terephthalate Market Outlook Share, 2023 & 2030 (US$M)
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