The demand for recycled polyethylene terephthalate (rPET) is accelerating worldwide as industries shift to greener materials and governments push for stronger recycling mandates. According to a new study by DataM Intelligence, the global rPET market, worth US$10.5 billion in 2023, is set to grow to US$17.4 billion by 2031, achieving a CAGR of 6.5% during 2024–2031.

Factors Driving Market Growth

  • Policy enforcement: International recycling targets and packaging laws are propelling rPET adoption.

  • Corporate action: Global brands are embedding rPET in their supply chains to meet sustainability goals.

  • Technology upgrades: Advances in mechanical and chemical recycling are ensuring higher-quality output.

  • Rising eco-awareness: Consumers are increasingly favoring products with recycled content.

Challenges in the Market

  • Cost pressures compared to virgin PET.

  • Variability in raw materials, leading to inconsistent rPET quality.

  • Regulatory differences across countries, complicating trade.

Regional Highlights

  • Asia-Pacific continues to dominate, driven by large-scale investments and government-backed programs.

  • Europe benefits from advanced recycling infrastructure and strict environmental policies.

  • North America shows consistent growth, supported by corporate ESG commitments and consumer demand.

Recent Developments (2025)

  • The market size increased to US$11.74 billion in 2025, underscoring continued industry expansion.

  • New chemical recycling plants launched in 2025 expanded the availability of food-grade rPET.

  • Supply chain pressures in 2025 emphasized the importance of local recycling infrastructure and diversification.

Outlook

The recycled PET market is set for long-term growth, with packaging, textiles, and consumer products fueling demand. As the global economy moves toward circularity, rPET will remain a critical component of sustainability strategies worldwide.

About DataM Intelligence
DataM Intelligence is a leading Market Research and Consulting firm, offering 6,300+ reports across 40+ sectors, supporting 200+ global companies in 50+ countries. With deep insights and robust methodologies, DataM delivers end-to-end business solutions.

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