Global Recycled PET Chips Market is expected to grow with a CAGR of 4.5% during the forecast period of 2022 to 2030.. The Major players profiled in this report include: Clean Tech Incorporated, Clear Path Recycling, MOHAWK INDUSTRIES, INC., CarbonLITE Industries, Visy, Evergreen Plastics, Extrupet, PolyQuest, Phoenix Technologies Ltd., Verdeco Recycling Inc., 4PET Recycling, Far Eastern Group, KYOEI INDUSTORY CO.,LTD. and WELLPINE PLASTIC INDUSTRIAL CO.,LTD. amongst others..
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Polyethylene terephthalate also called as PET, is basically the most widely used plastic, among various other types. These are extensively used in food and beverage and several other industries. In food and beverage industry, this mainly finds application as packaging materials, in the form of bottles, and other containers. PET chips are prepared from these used plastic bottles and containers, by recycling them. These chips are re-used for making plastic bags, bottles, packaging plastics and others.
Numerous researches have demonstrated that the degradation rate of the polymer is enhanced when the size of the polymer is small. The recently growing interest for environmentally sustainable products has found new applications of recycled PET chips in developing sheet and film, new containers for both food and non-food products and in industrial strapping. The increasing awareness regarding the adverse effects of using polyethylene terephthalate for packaging and transportation has resulted in the widespread of a well-established logistic chain including bottles collection, flake production and pellet production.
Recycled PET Chips Market By Type (Clear Chip, Brown Chip, Green Chip, Blue Chip, Others); By Applications (Bottles, Sheet, Fiber, Strapping); By Region (U.S., Rest Of North America, France, UK, Germany, Spain, Italy, Rest Of Europe, China, Japan, India, Southeast Asia, Rest Of Asia Pacific, GCC Countries, Southern Africa, Rest Of MEA, Brazil, Rest Of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2022-2030.
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