Germany Recycled Polyethylene Terephthalate Market Size & Outlook
Germany recycled polyethylene terephthalate market, 2018-2030 (US$M)
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Germany recycled polyethylene terephthalate market highlights
- The Germany recycled polyethylene terephthalate market generated a revenue of USD 266.0 million in 2023 and is expected to reach USD 396.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.9% 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 266.0 million |
| Market revenue in 2030 | USD 396.8 million |
| Growth rate | 5.9% (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, Germany accounted for 4.9% 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 Europe, Germany recycled polyethylene terephthalate market is projected to lead the regional market in terms of revenue in 2030.
- Netherlands is the fastest growing regional market in Europe and is projected to reach USD 89.9 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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Germany 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 33.42% in 2023. Horizon Databook has segmented the Germany 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.
Germany is one of the leading countries in Europe in terms of recycling rate. The launch of a one-way bottle deposit system in 2003 is responsible for the high recycling rate in the country. Thus, customers can use the bottle and return it to the deposit system.
The PET bottle producers, on the other hand, can get back the material or send it to recycling companies that produce new bottles, which can further be used in various applications.
The one-way deposit system has proved to be a successful model. The availability of reverse vending machines makes it convenient for consumers to return the PET bottles. Beverage industry in Germany is one of the major factors driving the rPET market.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Germany recycled polyethylene terephthalate market , including forecasts for subscribers. This country databook contains high-level insights into Germany recycled polyethylene terephthalate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany recycled polyethylene terephthalate market size, by application, 2018-2030 (US$M)
Germany Recycled Polyethylene Terephthalate Market Outlook Share, 2023 & 2030 (US$M)
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