India Recycled Polyethylene Terephthalate Market Size & Outlook
India recycled polyethylene terephthalate market, 2018-2030 (US$M)
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India recycled polyethylene terephthalate market highlights
- The India recycled polyethylene terephthalate market generated a revenue of USD 191.0 million in 2023 and is expected to reach USD 285.7 million by 2030.
- The India 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 191.0 million |
| Market revenue in 2030 | USD 285.7 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, India accounted for 3.5% 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 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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India 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 32.62% in 2023. Horizon Databook has segmented the India 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.
India is among one of the emerging recycling hubs due to the availability of cheap labor, low transportation cost, and government initiatives favoring recycling industry. The increasing ease of doing business is one of the major factors that has increased FII investments in the country among all the sectors, especially information technology, e-commerce, and recycling.
India is witnessing growth in various application industries such as furniture, construction, packaging, and automotive. Rapid industrialization and urbanization have led to the increasing need for food and non-food goods in the region.
Rising disposable income has made it possible and convenient for consumers to afford finished products. Increasing government spending on recycling activities for various products, such as glass, paper, and plastic, has also boosted the demand for recycled products in FMCG sector.
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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 India recycled polyethylene terephthalate market , including forecasts for subscribers. This country databook contains high-level insights into India recycled polyethylene terephthalate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India recycled polyethylene terephthalate market size, by application, 2018-2030 (US$M)
India Recycled Polyethylene Terephthalate Market Outlook Share, 2023 & 2030 (US$M)
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