The global recycled PET market is expected to reach USD 16.2 billion by 2035 and is projected to grow at a CAGR of 6.5% from 2026 to 2035, according to Orion Market Research. Rapid urbanization and population growth in emerging economies, especially in Asia-Pacific and Latin America, are increasing demand for packaged food, beverages, and consumer goods. This drives higher consumption of PET and recycled PET (rPET) as manufacturers adopt sustainable packaging. Improved recycling infrastructure and growing sustainability awareness further support rPET adoption in these regions. For instance, Global Textile Source reports that Ganesha Ecopet, a recycler, has increased its bottle-to-bottle rPET capacity in 2024. The expansion triples the company’s production of bottle-grade recycled PET (rPET) to 42,000 tonnes per year. With a total production capacity of 42000 tonnes of food-grade recycled PET per year, the company serves markets in India, the US, and Europe.
Browse the full report description of “Recycled PET Market Size, Share & Trends Analysis by Type (Bottle-Grade, Fiber-Grade, and Film-Grade), By Source (Post-Consumer and Post-Industrial), By Application (Beverage Bottles, Food Packaging, Textiles & Fibers, Automotive & Electronics, and Others), By End-Users (Packaging, Food & Beverage, Textile & Apparel, Home Furnishings, Automotive, Consumer Goods & Electronics, Personal Care & Cosmetics, and Others) Forecast Period (2026-2035)” at https://www.omrglobal.com/industry-reports/recycled-pet-market
Recycled PET (rPET) offers significant cost advantages over virgin PET primarily due to its lower raw material costs, as it is produced from post-consumer or post-industrial PET waste rather than petrochemical feedstocks, which are subject to crude oil price fluctuations. Producing rPET also consumes less energy compared to manufacturing virgin PET, further reducing production costs. Additionally, sourcing PET from waste streams can lower waste management fees and sometimes provide incentives under government recycling programs. Using rPET helps companies comply with environmental regulations and sustainability commitments, avoiding potential penalties or carbon-related costs. As recycling infrastructure scales up, economies of scale further reduce the cost per kilogram, making rPET an increasingly economical alternative to virgin PET for manufacturers. For instance,
Key Players and Innovations
The key players in the recycled PET market are Indorama Ventures Public Co. Ltd., ALPLA Group, Far Eastern Group, SABIC, Plastipak Holdings, Inc., Carbios, Veolia Environnement, Remondis SE & Co. KG, and Loop Industries Inc., among others.
Market Coverage
Key questions addressed by the report.
Global Recycled PET Market Report Segment
By Type
By Source
By Application
By End-Users
Global Recycled PET Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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