Japan Recycled Polyethylene Terephthalate Market Size & Outlook
Japan recycled polyethylene terephthalate market, 2018-2030 (US$M)
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Japan recycled polyethylene terephthalate market highlights
- The Japan recycled polyethylene terephthalate market generated a revenue of USD 297.5 million in 2023 and is expected to reach USD 421.6 million by 2030.
- The Japan 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 297.5 million |
| Market revenue in 2030 | USD 421.6 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, Japan accounted for 5.5% 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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Japan 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 35.46% in 2023. Horizon Databook has segmented the Japan 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.
According to Plastic Waste Management Institute (PMMI), the country’s average PET plastic recycling rate is around 84%, the highest in Asia Pacific. The country recycles 23% of the plastic waste through mechanical recycling, 4% through chemical recycling, and the rest through thermal recycling by burning the plastic to produce energy.
In the fiscal year 2022, around 85.8% of PET bottles were recycled in Japan. The government aims to reduce plastic waste generation by 25% by 2030. Thus, the increasing recycling rate and increasing concern over reducing plastic waste are expected to create lucrative growth opportunities for the rPET market in the country in coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan recycled polyethylene terephthalate market , including forecasts for subscribers. This country databook contains high-level insights into Japan recycled polyethylene terephthalate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan recycled polyethylene terephthalate market size, by application, 2018-2030 (US$M)
Japan Recycled Polyethylene Terephthalate Market Outlook Share, 2023 & 2030 (US$M)
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