Recycled Polyethylene Terephthalate Market Estimated At USD 18.46 Billion By 2030
San Francisco, 12 Aug 2022: The Report Recycled Polyethylene Terephthalate Market Size, Share & Trends Analysis Report By Product (Clear, Colored), By End-use (Fiber, Food & Beverage Containers And Bottles), By Region, And Segment Forecasts, 2022 - 2030 The global recycled polyethylene terephthalate market size is expected to reach USD 18.46 billion by 2030, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 7.4% from 2022 to 2030. The growing beverage industry in Asia Pacific countries such as China, Japan, India, Vietnam, South Korea, and the Philippines and the increasing demand for recycled polyethylene terephthalate (rPET) in the non-food sector are expected to boost the market growth over the forecast period. Recycled PET (rPET) is a synthetic material produced from recycled PET products that have a wide range of applications. The resins are made from post-consumer PET bottle splints, which are one of the most durable types o