U.S. Recycled Polyethylene Terephthalate Market Size & Outlook
U.S. recycled polyethylene terephthalate market, 2018-2030 (US$M)
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U.S. recycled polyethylene terephthalate market highlights
- The U.S. recycled polyethylene terephthalate market generated a revenue of USD 799.0 million in 2023 and is expected to reach USD 1,105.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.7% 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 799.0 million |
| Market revenue in 2030 | USD 1,105.4 million |
| Growth rate | 4.7% (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, U.S. accounted for 14.8% 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 North America, U.S. recycled polyethylene terephthalate market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 199.5 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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U.S. 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 34.38% in 2023. Horizon Databook has segmented the U.S. 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 plastic recycling rate in the U.S. is low as the plastic waste generated is exported to other countries for recycling. After the recent ban on plastic waste imports in China, the U.S. is exporting its plastic waste to Southeast Asian countries.
Companies such as Adidas America Inc., Allbirds, Inc., Everlane, Patagonia, Inc., and Nike, Inc. among others are some of the potential customers of recycled PET in the country. In addition, rising demand for electric vehicles in the country is likely to augment the need for lightweight and durable plastic components in order to enhance vehicle efficiency.
This, in turn, is projected to propel the demand for recycled PET over the forecast period. Recycled PET is heavily used in the production of sofa covers, mattresses, and textiles in the U.S. The U.S. has a robust automobile manufacturing sector, which paves the way for increased demand for recycled PET bumpers, mattresses, and other auto components from OEMs.
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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 U.S. recycled polyethylene terephthalate market , including forecasts for subscribers. This country databook contains high-level insights into U.S. recycled polyethylene terephthalate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. recycled polyethylene terephthalate market size, by application, 2018-2030 (US$M)
U.S. Recycled Polyethylene Terephthalate Market Outlook Share, 2023 & 2030 (US$M)
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