July 20, 2022 08:30 ET | Source: Transparency Market Research Transparency Market Research

Albany, New York, UNITED STATES

Wilmington, Delaware, United States, July 20, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - Continuing global shift of packaging businesses and their customers toward sustainability pivots the adoption of recyclable materials, thereby underpinning streams of revenue of recycled PET (r-PET) bottles market. Abundant use of plastics in packaging of myriad food & beverage products presents vast lucrative opportunities in key market segments in recycled PET (r-PET) bottles. The recycled PET (r-PET) bottles market is forecast to advance at a CAGR of 9.6% from 2022 to 2031.

Food-grade r-PET bottles held a major share of the global market—a whopping 92.2%—in 2021. The segment also is expected to present largest opportunity for recycled PET (r-PET) bottles market during the forecast period. The material is characterized with chemical and biological inertness, resistance to microorganisms, and stability, thus spurring the incorporation of these in beverage bottles and food trays.

Globally prominent beverages brands in particular are keen on using bottles made with 100% recycled PET (rPET) plastic. This stridently will enrich the future market outlook for recycled PET (r-PET) bottles. Companies are ramping up their efforts to bolster PET bottles recycling infrastructure and increasing their research spending on developing technologically advanced systems, thus extending the horizon of the recycled PET (r-PET) bottles market.

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Key Findings of Recycled PET (r-PET) Bottles Market Study

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Recycled PET (r-PET) Bottles Market: Key Drivers

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Recycled PET (r-PET) Bottles Market: Regional Growth Dynamics

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Recycled PET (r-PET) Bottles Market: Key Players

Some of the key players in the market are Vanden Global Ltd., CarbonLITE Industries LLC, Pheonix Technologies International LLC, Alpha Group, and Indorama Ventures Public Company Ltd.

Recycled PET (r-PET) Bottles Market Segmentation

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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

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