China Recycled Polyethylene Terephthalate Market Size & Outlook
China recycled polyethylene terephthalate market, 2018-2030 (US$M)
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China recycled polyethylene terephthalate market highlights
- The China recycled polyethylene terephthalate market generated a revenue of USD 1,074.9 million in 2023 and is expected to reach USD 1,526.9 million by 2030.
- The China market is expected to grow at a CAGR of 5.1% 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 1,074.9 million |
| Market revenue in 2030 | USD 1,526.9 million |
| Growth rate | 5.1% (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, China accounted for 19.9% 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 Asia Pacific, China recycled polyethylene terephthalate market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 102.2 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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China 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 33.23% in 2023. Horizon Databook has segmented the China 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.
China recycled PET market is well-established, however, the import ban on plastic waste is expected to hamper the market growth in the country. China was the largest importer of plastic waste in the world before the ban in December 2018.
Food & beverage containers and bottles segment is expected to witness the highest growth, in terms of both volume and revenue, over the forecast period owing to the growing beverage industry in the country.
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Target buyers of China 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 country-level data and insights on the China recycled polyethylene terephthalate market , including forecasts for subscribers. This country databook contains high-level insights into China recycled polyethylene terephthalate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China recycled polyethylene terephthalate market size, by application, 2018-2030 (US$M)
China Recycled Polyethylene Terephthalate Market Outlook Share, 2023 & 2030 (US$M)
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