Recycled Polyethylene Terephthalate Market Size Is Expected To Reach USD 14.40 Billion By 2028
San Francisco, 20 May 2021: The Report Recycled Polyethylene Terephthalate Market Size, Share & Trends Analysis Report By Product (Clear, Colored), By End Use (Fiber, Food & Beverage Containers & Bottles), By Region, And Segment Forecasts, 2021 - 2028 The global recycled polyethylene terephthalate market size is expected to reach USD 14.40 billion by 2028, according to a new study by Grand View Research, Inc., growing at a CAGR of 6.7% over the forecast period. The growing beverage industry in countries, such as China, India, Japan, South Korea, Vietnam, and the Philippines, as well as increasing demand for Recycled Polyethylene Terephthalate (rPET) in non-food sectors, is expected to drive the global market over the forecast period. Recycled PET is a synthetic compound prepared from used PET products, which finds application in a wide range of end-use industries. The resins are produced from post-consumer PET bottle flakes and are one of the most stable forms of recy