Brooklyn, NY -- (SBWire) -- 10/17/2018 --Qyresearchreports include new market research report "Global Recycled PET Chips Market Research Report 2018" to its huge collection of research reports.
This report studies the global Recycled PET Chips market status and forecast, categorizes the global Recycled PET Chips market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China and other regions (India, Southeast Asia, Central & South America, and Middle East & Africa).
Recycling is the collection of used materials that would otherwise be waste to be broken down and remade into new products. Motivations for recycling include environmental sustainability and financial concerns sustainability because the reused material both prevents waste and reduce the consumption of new raw materials, and financial because it can be cheaper to produce different products from recycled materials. One of the main usages of this process is recycling of polymer materials and wastes, specially those made up of polypropylene and polyester.
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This report focuses on Recycled PET Chips. PET, or polyethylene tephthalate, is semi-rigid to rigid, depending on thickness. It makes a good barrier method, especially for use in water bottles, soft and fizzy drink bottles, pots, tubs, oven ready trays, jam jars soft drink bottles. PET can be produced in a thin film, such as that which is used to make Mylar. It is also used for flexible food packaging. When recycled, it is made into fiberfill, carpeting, or non-food containers and bottles.
Recycled PET (RPET) is a viable alternative to virgin PET and can be used in multiple applications. Main application of RPET chips is used to produce fiber, which can be further fabricated as textile or carpets. In 2017, fiber takes 83.27% of total market share. Recycled PET chips can also be used to produce bottles, sheets, film, etc. Over the last several years, RPET has been successfully used in food packaging applications.
The price and demand of Recycled PET is greatly affected by the price of virgin PET chips. When the price of virgin PET chips goes up, the price of Recycled PET chips can also be lifted. The gross margin of the industry is not high due to the immature of the industry, as well as low entry barrier. However, the market space of Recycled PET is huge, as recycle rate of waste bottles has been growing in both developed and developing countries. The Global Recycled PET Chips market size was 7765.03 million USD in 2017 and it will be 11187.38 million USD in 2024, with a Growth Rate of 5.35% from 2017 to 2024.
The global Recycled PET Chips market is valued at 7770 million US$ in 2017 and will reach 11800 million US$ by the end of 2025, growing at a CAGR of 5.4% during 2018-2025.
The major manufacturers covered in this report
Clean Tech Incorporated
Clear Path Recycling
Mohawk Industries Incorporated
CarbonLite Industries
Greentech
Visy
Evergreen Plastics
Extrupet
PolyQuest
Phoenix Technologies
Verdeco Recycling
4PET RECYCLING BV
Far Eastern Group
Kyoei Industry
Wellpine Plastic Industical
Lung Shing International
Longfu Recycling Energy Scientech
Complete table of content is available at: https://www.qyresearchreports.com/report/global-recycled-pet-chips-market-research-report-2018.htm
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Clear Chip
Brown Chip
Green Chip
Blue Chip
Other
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
Bottles
Sheet
Fiber
Strapping
The study objectives of this report are:
To analyze and study the global Recycled PET Chips capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);
Focuses on the key Recycled PET Chips manufacturers, to study the capacity, production, value, market share and development plans in future.
Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
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Global Recycled PET Chips Market Manufacturer, Sales and Segmentation- QYResearchreports