The global Recycled PET Chips market size was valued at US$ 12890 million in 2024 and is forecast to a readjusted size of USD 19000 million by 2031 with a CAGR of 5.8% during review period.
Recycled PET chips are high-quality materials produced from post-consumer PET (polyethylene terephthalate) waste, such as plastic bottles and containers. The recycling process involves collecting, cleaning, and processing these used PET items to create new chip products that can be used in various applications, ranging from textiles to packaging. By transforming waste into reusable materials, recycled PET chips play a crucial role in promoting environmental sustainability and reducing the reliance on virgin PET, which is derived from fossil fuels. The use of recycled PET not only minimizes landfill waste but also decreases energy consumption and greenhouse gas emissions associated with plastic production. This makes recycled PET chips an essential component in the movement toward a circular economy.
Current Market Development
The global market for recycled PET chips is witnessing significant growth, driven by increasing awareness of sustainability and the need for eco-friendly materials. Leading companies in this space, such as Indorama Ventures, Far East New Century, Alpek (DAK Americas), Greentech, and Veolia, collectively account for approximately 13% of the market share. China emerges as the largest market for recycled PET chips, capturing over 40% of the global share due to its robust manufacturing sector and commitment to recycling initiatives. Europe follows closely, with a market share exceeding 20%. This trend indicates a strong demand for recycled materials across various industries, as companies seek to enhance their sustainability profiles and meet regulatory requirements for recycling and waste reduction.
Market Trends and Outlook
In terms of product segmentation, clear PET chips dominate the market, representing over 63% of total sales, while green PET chips hold a smaller share of around 10%. The textile industry is the largest application segment for recycled PET chips, accounting for nearly 83% of the market. This high demand is largely attributed to the growing consumer preference for sustainable fashion and eco-friendly products, as well as the increasing adoption of recycled materials in the production of clothing and textiles. As the global emphasis on environmental responsibility continues to intensify, the market for recycled PET chips is expected to expand further. Innovations in recycling technologies, coupled with heightened consumer awareness of environmental issues, are driving the adoption of recycled materials across multiple sectors. The push towards circular economy practices will likely reshape the future of the recycled PET chips market, fostering opportunities for growth and encouraging manufacturers to invest in sustainable practices, ultimately benefiting both the environment and the economy.
This report is a detailed and comprehensive analysis for global Recycled PET Chips market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Recycled PET Chips market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/MT), 2020-2031
Global Recycled PET Chips market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/MT), 2020-2031
Global Recycled PET Chips market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/MT), 2020-2031
Global Recycled PET Chips market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (US$/MT), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Recycled PET Chips
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Recycled PET Chips market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Indorama Ventures, Far East New Century, Alpek (DAK Americas), Plastipak Holdings, Greentech, Visy, SUEZ, Veolia, Long Fu Huanneng, Jiulong Regeneration Technology, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Recycled PET Chips market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Clear Chip
Brown Chip
Green Chip
Blue Chip
Others
Market segment by Application
Textile
Bottles
Sheet
Strapping
Others
Major players covered
Indorama Ventures
Far East New Century
Alpek (DAK Americas)
Plastipak Holdings
Greentech
Visy
SUEZ
Veolia
Long Fu Huanneng
Jiulong Regeneration Technology
Haili Environmental Technology
Xingke Chemical Fiber
Zhejiang Jiaren New Materials
Guangdong Qiusheng Resources
Baichuan Resource Regeneration Technology
Guangxi Guolong Renewable Resources
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Recycled PET Chips product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Recycled PET Chips, with price, sales quantity, revenue, and global market share of Recycled PET Chips from 2020 to 2025.
Chapter 3, the Recycled PET Chips competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Recycled PET Chips breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Recycled PET Chips market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Recycled PET Chips.
Chapter 14 and 15, to describe Recycled PET Chips sales channel, distributors, customers, research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 Market Overview
1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global Recycled PET Chips Consumption Value by Type: 2020 Versus 2024 Versus 2031
1.3.2 Clear Chip
1.3.3 Brown Chip
1.3.4 Green Chip
1.3.5 Blue Chip
1.3.6 Others
1.4 Market Analysis by Application
1.4.1 Overview: Global Recycled PET Chips Consumption Value by Application: 2020 Versus 2024 Versus 2031
1.4.2 Textile
1.4.3 Bottles
1.4.4 Sheet
1.4.5 Strapping
1.4.6 Others
1.5 Global Recycled PET Chips Market Size & Forecast
1.5.1 Global Recycled PET Chips Consumption Value (2020 & 2024 & 2031)
1.5.2 Global Recycled PET Chips Sales Quantity (2020-2031)
1.5.3 Global Recycled PET Chips Average Price (2020-2031)
2 Manufacturers Profiles
2.1 Indorama Ventures
2.1.1 Indorama Ventures Details
2.1.2 Indorama Ventures Major Business
2.1.3 Indorama Ventures Recycled PET Chips Product and Services
2.1.4 Indorama Ventures Recycled PET Chips Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.1.5 Indorama Ventures Recent Developments/Updates
2.2 Far East New Century
2.2.1 Far East New Century Details
2.2.2 Far East New Century Major Business
2.2.3 Far East New Century Recycled PET Chips Product and Services
2.2.4 Far East New Century Recycled PET Chips Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.2.5 Far East New Century Recent Developments/Updates
2.3 Alpek (DAK Americas)
2.3.1 Alpek (DAK Americas) Details
2.3.2 Alpek (DAK Americas) Major Business
2.3.3 Alpek (DAK Americas) Recycled PET Chips Product and Services
2.3.4 Alpek (DAK Americas) Recycled PET Chips Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.3.5 Alpek (DAK Americas) Recent Developments/Updates
2.4 Plastipak Holdings
2.4.1 Plastipak Holdings Details
2.4.2 Plastipak Holdings Major Business
2.4.3 Plastipak Holdings Recycled PET Chips Product and Services
2.4.4 Plastipak Holdings Recycled PET Chips Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.4.5 Plastipak Holdings Recent Developments/Updates
2.5 Greentech
2.5.1 Greentech Details
2.5.2 Greentech Major Business
2.5.3 Greentech Recycled PET Chips Product and Services
2.5.4 Greentech Recycled PET Chips Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.5.5 Greentech Recent Developments/Updates
2.6 Visy
2.6.1 Visy Details
2.6.2 Visy Major Business
2.6.3 Visy Recycled PET Chips Product and Services
2.6.4 Visy Recycled PET Chips Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.6.5 Visy Recent Developments/Updates
2.7 SUEZ
2.7.1 SUEZ Details
2.7.2 SUEZ Major Business
2.7.3 SUEZ Recycled PET Chips Product and Services
2.7.4 SUEZ Recycled PET Chips Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.7.5 SUEZ Recent Developments/Updates
2.8 Veolia
2.8.1 Veolia Details
2.8.2 Veolia Major Business
2.8.3 Veolia Recycled PET Chips Product and Services
2.8.4 Veolia Recycled PET Chips Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.8.5 Veolia Recent Developments/Updates
2.9 Long Fu Huanneng
2.9.1 Long Fu Huanneng Details
2.9.2 Long Fu Huanneng Major Business
2.9.3 Long Fu Huanneng Recycled PET Chips Product and Services
2.9.4 Long Fu Huanneng Recycled PET Chips Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.9.5 Long Fu Huanneng Recent Developments/Updates
2.10 Jiulong Regeneration Technology
2.10.1 Jiulong Regeneration Technology Details
2.10.2 Jiulong Regeneration Technology Major Business
2.10.3 Jiulong Regeneration Technology Recycled PET Chips Product and Services
2.10.4 Jiulong Regeneration Technology Recycled PET Chips Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.10.5 Jiulong Regeneration Technology Recent Developments/Updates
2.11 Haili Environmental Technology
2.11.1 Haili Environmental Technology Details
2.11.2 Haili Environmental Technology Major Business
2.11.3 Haili Environmental Technology Recycled PET Chips Product and Services
2.11.4 Haili Environmental Technology Recycled PET Chips Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.11.5 Haili Environmental Technology Recent Developments/Updates
2.12 Xingke Chemical Fiber
2.12.1 Xingke Chemical Fiber Details
2.12.2 Xingke Chemical Fiber Major Business
2.12.3 Xingke Chemical Fiber Recycled PET Chips Product and Services
2.12.4 Xingke Chemical Fiber Recycled PET Chips Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.12.5 Xingke Chemical Fiber Recent Developments/Updates
2.13 Zhejiang Jiaren New Materials
2.13.1 Zhejiang Jiaren New Materials Details
2.13.2 Zhejiang Jiaren New Materials Major Business
2.13.3 Zhejiang Jiaren New Materials Recycled PET Chips Product and Services
2.13.4 Zhejiang Jiaren New Materials Recycled PET Chips Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.13.5 Zhejiang Jiaren New Materials Recent Developments/Updates
2.14 Guangdong Qiusheng Resources
2.14.1 Guangdong Qiusheng Resources Details
2.14.2 Guangdong Qiusheng Resources Major Business
2.14.3 Guangdong Qiusheng Resources Recycled PET Chips Product and Services
2.14.4 Guangdong Qiusheng Resources Recycled PET Chips Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.14.5 Guangdong Qiusheng Resources Recent Developments/Updates
2.15 Baichuan Resource Regeneration Technology
2.15.1 Baichuan Resource Regeneration Technology Details
2.15.2 Baichuan Resource Regeneration Technology Major Business
2.15.3 Baichuan Resource Regeneration Technology Recycled PET Chips Product and Services
2.15.4 Baichuan Resource Regeneration Technology Recycled PET Chips Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.15.5 Baichuan Resource Regeneration Technology Recent Developments/Updates
2.16 Guangxi Guolong Renewable Resources
2.16.1 Guangxi Guolong Renewable Resources Details
2.16.2 Guangxi Guolong Renewable Resources Major Business
2.16.3 Guangxi Guolong Renewable Resources Recycled PET Chips Product and Services
2.16.4 Guangxi Guolong Renewable Resources Recycled PET Chips Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.16.5 Guangxi Guolong Renewable Resources Recent Developments/Updates
3 Competitive Environment: Recycled PET Chips by Manufacturer
3.1 Global Recycled PET Chips Sales Quantity by Manufacturer (2020-2025)
3.2 Global Recycled PET Chips Revenue by Manufacturer (2020-2025)
3.3 Global Recycled PET Chips Average Price by Manufacturer (2020-2025)
3.4 Market Share Analysis (2024)
3.4.1 Producer Shipments of Recycled PET Chips by Manufacturer Revenue ($MM) and Market Share (%): 2024
3.4.2 Top 3 Recycled PET Chips Manufacturer Market Share in 2024
3.4.3 Top 6 Recycled PET Chips Manufacturer Market Share in 2024
3.5 Recycled PET Chips Market: Overall Company Footprint Analysis
3.5.1 Recycled PET Chips Market: Region Footprint
3.5.2 Recycled PET Chips Market: Company Product Type Footprint
3.5.3 Recycled PET Chips Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Recycled PET Chips Market Size by Region
4.1.1 Global Recycled PET Chips Sales Quantity by Region (2020-2031)
4.1.2 Global Recycled PET Chips Consumption Value by Region (2020-2031)
4.1.3 Global Recycled PET Chips Average Price by Region (2020-2031)
4.2 North America Recycled PET Chips Consumption Value (2020-2031)
4.3 Europe Recycled PET Chips Consumption Value (2020-2031)
4.4 Asia-Pacific Recycled PET Chips Consumption Value (2020-2031)
4.5 South America Recycled PET Chips Consumption Value (2020-2031)
4.6 Middle East & Africa Recycled PET Chips Consumption Value (2020-2031)
5 Market Segment by Type
5.1 Global Recycled PET Chips Sales Quantity by Type (2020-2031)
5.2 Global Recycled PET Chips Consumption Value by Type (2020-2031)
5.3 Global Recycled PET Chips Average Price by Type (2020-2031)
6 Market Segment by Application
6.1 Global Recycled PET Chips Sales Quantity by Application (2020-2031)
6.2 Global Recycled PET Chips Consumption Value by Application (2020-2031)
6.3 Global Recycled PET Chips Average Price by Application (2020-2031)
7 North America
7.1 North America Recycled PET Chips Sales Quantity by Type (2020-2031)
7.2 North America Recycled PET Chips Sales Quantity by Application (2020-2031)
7.3 North America Recycled PET Chips Market Size by Country
7.3.1 North America Recycled PET Chips Sales Quantity by Country (2020-2031)
7.3.2 North America Recycled PET Chips Consumption Value by Country (2020-2031)
7.3.3 United States Market Size and Forecast (2020-2031)
7.3.4 Canada Market Size and Forecast (2020-2031)
7.3.5 Mexico Market Size and Forecast (2020-2031)
8 Europe
8.1 Europe Recycled PET Chips Sales Quantity by Type (2020-2031)
8.2 Europe Recycled PET Chips Sales Quantity by Application (2020-2031)
8.3 Europe Recycled PET Chips Market Size by Country
8.3.1 Europe Recycled PET Chips Sales Quantity by Country (2020-2031)
8.3.2 Europe Recycled PET Chips Consumption Value by Country (2020-2031)
8.3.3 Germany Market Size and Forecast (2020-2031)
8.3.4 France Market Size and Forecast (2020-2031)
8.3.5 United Kingdom Market Size and Forecast (2020-2031)
8.3.6 Russia Market Size and Forecast (2020-2031)
8.3.7 Italy Market Size and Forecast (2020-2031)
9 Asia-Pacific
9.1 Asia-Pacific Recycled PET Chips Sales Quantity by Type (2020-2031)
9.2 Asia-Pacific Recycled PET Chips Sales Quantity by Application (2020-2031)
9.3 Asia-Pacific Recycled PET Chips Market Size by Region
9.3.1 Asia-Pacific Recycled PET Chips Sales Quantity by Region (2020-2031)
9.3.2 Asia-Pacific Recycled PET Chips Consumption Value by Region (2020-2031)
9.3.3 China Market Size and Forecast (2020-2031)
9.3.4 Japan Market Size and Forecast (2020-2031)
9.3.5 South Korea Market Size and Forecast (2020-2031)
9.3.6 India Market Size and Forecast (2020-2031)
9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
9.3.8 Australia Market Size and Forecast (2020-2031)
10 South America
10.1 South America Recycled PET Chips Sales Quantity by Type (2020-2031)
10.2 South America Recycled PET Chips Sales Quantity by Application (2020-2031)
10.3 South America Recycled PET Chips Market Size by Country
10.3.1 South America Recycled PET Chips Sales Quantity by Country (2020-2031)
10.3.2 South America Recycled PET Chips Consumption Value by Country (2020-2031)
10.3.3 Brazil Market Size and Forecast (2020-2031)
10.3.4 Argentina Market Size and Forecast (2020-2031)
11 Middle East & Africa
11.1 Middle East & Africa Recycled PET Chips Sales Quantity by Type (2020-2031)
11.2 Middle East & Africa Recycled PET Chips Sales Quantity by Application (2020-2031)
11.3 Middle East & Africa Recycled PET Chips Market Size by Country
11.3.1 Middle East & Africa Recycled PET Chips Sales Quantity by Country (2020-2031)
11.3.2 Middle East & Africa Recycled PET Chips Consumption Value by Country (2020-2031)
11.3.3 Turkey Market Size and Forecast (2020-2031)
11.3.4 Egypt Market Size and Forecast (2020-2031)
11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
11.3.6 South Africa Market Size and Forecast (2020-2031)
12 Market Dynamics
12.1 Recycled PET Chips Market Drivers
12.2 Recycled PET Chips Market Restraints
12.3 Recycled PET Chips Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of Recycled PET Chips and Key Manufacturers
13.2 Manufacturing Costs Percentage of Recycled PET Chips
13.3 Recycled PET Chips Production Process
13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Recycled PET Chips Typical Distributors
14.3 Recycled PET Chips Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
Indorama Ventures
Far East New Century
Alpek (DAK Americas)
Plastipak Holdings
Greentech
Visy
SUEZ
Veolia
Long Fu Huanneng
Jiulong Regeneration Technology
Haili Environmental Technology
Xingke Chemical Fiber
Zhejiang Jiaren New Materials
Guangdong Qiusheng Resources
Baichuan Resource Regeneration Technology
Guangxi Guolong Renewable Resources
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*If Applicable.
