Latin America Recycled Polyethylene Terephthalate Market Size & Outlook
Latin America recycled polyethylene terephthalate market, 2018-2030 (US$M)
Related Markets
Latin America recycled polyethylene terephthalate market highlights
- The Latin America recycled polyethylene terephthalate market generated a revenue of USD 267.1 million in 2023.
- The market is expected to grow at a CAGR of 6.5% 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, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 267.1 million |
| Market revenue in 2030 | USD 415.9 million |
| Growth rate | 6.5% (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, Latin America region accounted for 4.9% 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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Latin America 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 33.88% in 2023. Horizon Databook has segmented the Latin America 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.
Central & South America includes countries such as Brazil, Argentina, Peru, Chile, and Venezuela. The increasing demand for food and non-food bottles across several application industries coupled with growing economies is majorly driving the rPET market in Central & South America.
Booming recycling industry in countries like Brazil, coupled with growing investments by plastic and plastic recycling companies in the region is anticipated to boost the market in the region. For example, Amcor in Ann Arbor developed a lightest 900-ml PET bottle which can be recycled number of times, has been one of the latest product developments in the region towards PET recyclability.
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Target buyers of Latin America 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America recycled polyethylene terephthalate market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America recycled polyethylene terephthalate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America recycled polyethylene terephthalate market size, by country, 2018-2030 (US$M)
Latin America Recycled Polyethylene Terephthalate Market Outlook Share, 2023 & 2030 (US$M)
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