Europe Recycled Polyethylene Terephthalate Market Size & Outlook
Europe recycled polyethylene terephthalate market, 2018-2030 (US$M)
Related Markets
Europe recycled polyethylene terephthalate market highlights
- The Europe recycled polyethylene terephthalate market generated a revenue of USD 1,164.1 million in 2023.
- The market is expected to grow at a CAGR of 5.2% 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, Netherlands is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,164.1 million |
| Market revenue in 2030 | USD 1,665.0 million |
| Growth rate | 5.2% (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, Europe region accounted for 21.5% 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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Europe 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 35.01% in 2023. Horizon Databook has segmented the Europe 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 is a sustainable source of raw material, and its increasing consumption has reduced plastic landfills. The recycling process of PET consumes less energy compared to the production of virgin PET.
The landfill ban has been in place for decades in many European countries such as France, Denmark, Germany, and Austria. High landfill tipping fees, dumping tariffs, functional waste management systems, and closing costs of landfills have encouraged the locals to switch to rPET products in the region.
Zero Waste Europe is an organization, which works with the European Commission to bring residual waste close to zero. As landfill taxes in some countries are extremely high, the cost of dumping sometimes is more than the cost of recycling PET.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe recycled polyethylene terephthalate market , including forecasts for subscribers. This continent databook contains high-level insights into Europe recycled polyethylene terephthalate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe recycled polyethylene terephthalate market size, by country, 2018-2030 (US$M)
Europe Recycled Polyethylene Terephthalate Market Outlook Share, 2023 & 2030 (US$M)
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