Recycled Polyethylene Terephthalate Market Size to Reach USD 16.63 Billion in 2030 | Emergen Research
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Thursday, May 26, 2022
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VANCOUVER, BC, May 26, 2022 /PRNewswire/ --The global recycled Polyethylene Terephthalate (rPET) market size reached USD 9.25 Billion in 2021 and is expected to register a significantly rapid revenue CAGR during the forecast period, according to latest analysis by Emergen Research.
Key Points:
- VANCOUVER, BC, May 26, 2022 /PRNewswire/ --The global recycled Polyethylene Terephthalate (rPET) market size reached USD 9.25 Billion in 2021 and is expected to register a significantly rapid revenue CAGR during the forecast period, according to latest analysis by Emergen Research.
- Moreover, heating rPET products for reusability degrades durability, which would gradually lead to being dumped in landfills as waste.
- The global recycled PET market is expected to register a CAGR of 6.7% over the forecast period and revenue is projected to increase from USD 9.25 Billion in 2021 to USD 16.63 Billion in 2030.
- Emergen Research has segmented recycled PET market on the basis of type, product, source, application, and region: