North America Recycled Polyethylene Terephthalate Market Size & Outlook
North America recycled polyethylene terephthalate market, 2018-2030 (US$M)
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North America recycled polyethylene terephthalate market highlights
- The North America recycled polyethylene terephthalate market generated a revenue of USD 993.8 million in 2023.
- The market is expected to grow at a CAGR of 4.8% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 993.8 million |
| Market revenue in 2030 | USD 1,380.9 million |
| Growth rate | 4.8% (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, North America region accounted for 18.4% 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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North 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 34.67% in 2023. Horizon Databook has segmented the North 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.
The primary factor driving rPET demand in the region is its broad application scope in several key application industries such as FMCG, consumer goods, clothing & textile, and automotive. Various government initiatives toward the recycling of plastics coupled with high investments have resulted in a decent rPET market in the region.
Despite significant investments, most post-consumer PET bottles are majorly exported to Southeast Asian countries for recycling and then re-imported to the respective country in North America in the form of new bottles produced from recycled PET.
According to the World Economic Forum, the outbreak of COVID-19 has made plastic waste management and recycling more complex as the demand for single-use personal protective equipment has increased.
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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 North America recycled polyethylene terephthalate market , including forecasts for subscribers. This continent databook contains high-level insights into North America recycled polyethylene terephthalate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America recycled polyethylene terephthalate market size, by country, 2018-2030 (US$M)
North America Recycled Polyethylene Terephthalate Market Outlook Share, 2023 & 2030 (US$M)
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