Recycled Polyethylene Terephthalate Market Segment Leading & Anticipated to DomiPosted by Priya on July 23rd, 2018 Recycled Polyethylene Terephthalate Overview to 2023 Recycled polyethylene terephthalate (RPET) material is produced by grounding the post-consumer material into flakes. RPET is widely used for producing food & beverage containers and bottles due to less energy consumption, low cost, and reduced environmental impact. It finds application in fibers, industrial strapping, sheet & film, food, and beverage bottles, and containers. Get your Sample Research Paper now @ https://www.marketresearchfuture.com/sample_request/5812 Companies such as Coca-Cola and PepsiCo have increased recycled content in the bottled beverages. PepsiCo has joined new plastics economy initiative in 2017 to accomplish its goal of 100% recyclable plastic usage by 2025.The new plastic initiative is a three-year initiative aimed at bringing together all the stakeholders to encourage the use of recyclable plastic. Key Players Some of the key players in the global recycled polyethylene terephthalate market are Placon (U.S.), Clear Path Recycling (U.S.), Verdeco Recycling Inc. (U.S.), Indorama Ventures Public Company Limited (Thailand), M & G Chemicals (Luxembourg), Zhejiang Anshun Pettechs Fiber Co., Ltd (China), PolyQuest (U.S.), Evergreen Plastics (U.S.), Phoenix Technologies (U.S.), Montello SPA (Italy), and LIBOLON (Taiwan). Intended Audience
Browse complete report @ https://www.marketresearchfuture.com/reports/recycled-polyethylene-terephthalate-market-5812 Increasing demand from the packaging industry for the sustainable material source is driving the growth of the RPET market. Growing environmental concerns and supportive government policies are stimulating the demand for various applications. Rising consumption of the packaging and food & beverage products due to number of benefits associated such as increased shelf life is slated to uplift market growth over the forecast period further. Rising awareness among consumers regarding plastic wastage is influencing the government to take initiatives aimed at promoting recycling across the globe. Some of the initiatives taken are NAPCOR (U.S.), Petcore (EUROPE) and Green Fence Policy (China) that are aimed at reducing plastic waste and promote recycling as part of long-term sustainability outlook. RPET usage is increasing in place of a virgin PET due to factors such as reduced energy consumption. The product demand is increasing from the textile and apparel industry due to changing fashion trends and rising per capita disposable income. However, cloth manufacturing using RPET fiber requires a huge investment in weaving machines due to a thickness that might restrict the threat of new entrants into the market. Growing demand for packaged beverages and food products due to convenience and improved product quality is propelling the market growth. Like it? Share it! More by this author |