Recycled PET Market COVID-19 Growth And Change FMI Market Research Industry Trends and Forecast

The Recycled PET Market research report systematically explains each and every aspect related to the Global Recycled PET Market, which facilitates the report’s reader to study and evaluate the upcoming market trend. and execute the analytical data to promote the business. The key players dominate the operations in the industry attributable to their strong geographical reach and huge production facilities.

This study is one of the most complete documentation that catches every one of the aspects of the advancing Recycled PET Market. Recycled PET Market concentrates on offering an exhaustive examination of the plans of action, key methodologies, and individual portions of the overall industry of the absolute most conspicuous players in this scene.

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• The bottles & jars segment is experiencing unmatchable demand in the recycled PET Market, especially from the beverage industry. This is attributable to the fact that, bottles & jars offer precise packaging, high impact capability, and pricing affordability to end users.
• Prominent packaging manufacturers are adopting stretch blow molding technology to design and manufacture a wide variety of recycled PET packaging solutions, as this technology offers high output quantities and fine dimensional accuracy.
• The beverage industry has been identified as the key end user of recycled PET packaging solutions, as this sector generates constant demand for recycled PET packaging bottles & jars for packing and storing drinking water as well as carbonated and non-carbonated drinks.

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Recycled PET Market: Competition Landscape

Leading packaging manufacturers across continents have shifted their focus from conventional packaging solutions to environment-friendly rigid and flexible packaging solutions. This notable shift towards eco-friendly packaging solutions is majorly driven by increasing focus on reducing unnecessary plastic waste and high customer preference towards sustainable and eco-friendly packaging solutions over conventional ones.

Polyethylene terephthalate (PET) is a safe, robust, and transparent plastic material that can be recycled several times. To gain the most benefits from this scenario, leading packaging manufacturers are focusing on offering a wide range of recycled PET packaging products.

• In November 2019, Berry Global Group, Inc, one of the leading packaging solution manufacturers, introduced Verdant PCR bottles, RPET bottles, tubes, jars, and closures for beauty and personal care products.
• In November 2019, ALPLA Werke Alwin Lehner GmbH & Co KG launched 100 % recycled PET packaging bottles that are specially designed for the dairy industry.
• In November 2019, ALPLA Werke Alwin Lehner GmbH & Co KG acquired SUMINCO S.A. and REPLACAL S.L. to expand its recycling activities.

About Recycled PET Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global recycled PET market, analyzing historical demand from 2014-2021 and forecast statistics for 2022-2029. The report provides growth projections of the recycled PET market on the basis of product (bottles & jars, clamshells & containers, trays & punnets, pouches, and others {cups, bows, etc.}), technology (stretch blow molding, injection molding, extrusion blow molding, and thermoforming), and end use (beverages, food, pharmaceuticals & healthcare, homecare & personal care, electricals & electronics, chemicals & petrochemicals, and others), across seven major regions. Furthermore, the scope of the report focuses on recycled PET consumed in the packaging industry.

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Key Segments Covered in Recycled PET Packaging Industry Research

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