Global Recycled PET Flakes Market Size To Exceed USD 38.23 Billion by 2035 | CAGR of 11.83% : Market Insight Report

RELEASE DATE: Jul 2025 Author: Spherical Insights
The Global Recycled PET Flakes Market Size was Estimated at USD 11.17 Billion in 2024 and is Projected To Reach USD 38.23 Billion by 2035, Growing at a CAGR of 11.83% from 2025 to 2035

Table of Contents

Global Recycled PET Flakes Market Size, Share, and COVID-19 Impact Analysis, By Product (Clear, Colored), By End Use (Fiber, Sheet & Film, Strapping, Food and Beverage Bottles & Containers, Non-food Bottles & Containers, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035


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Recycled PET Flakes Market Summary

The Global Recycled PET Flakes Market Size was Estimated at USD 11.17 Billion in 2024 and is Projected To Reach USD 38.23 Billion by 2035, Growing at a CAGR of 11.83% from 2025 to 2035. The market for recycled PET flakes is expanding significantly due to several causes, such as rising environmental consciousness among consumers, laws encouraging recycling, and the many uses for recycled PET (rPET).  

 

Key Regional and Segment-Wise Insights

  • In 2024, Asia Pacific held the biggest revenue share of 29.62%, dominating the rPET flakes market.
  • In 2024, Clear products held the largest revenue share of 75.37% and led the market based on product.
  • Non-food bottles and containers dominated the market and generated the highest revenue share of 27.3% in 2024 based on end use.

 

Global Market Forecast and Revenue Outlook

  • 2024 Market Size: USD 11.17 Billion
  • 2035 Projected Market Size: USD 38.23 Billion
  • CAGR (2025-2035): 11.83%
  • Asia Pacific: Largest Market in 2024

 

 

The Recycled PET Flakes Market is the market for the flakes made from recycled Polyethylene Terephthalate (PET), a type of plastic that is commonly used in drinking bottles and other containers.  These flakes are made from post-consumer PET bottles and containers that are processed to create the flakes, and then they are used as a raw material in various production processes. Due to the increasing demand for recycled PET flakes in the food and beverage packaging industry, due to the impact on the environment and thermal insulation, the global market is anticipated to grow throughout the forecast period.  A change in the consumer perspective towards plastic waste is driving consumer activism of environmental consciousness.  The growth of the market for rPET flakes globally is partly due to the relatively low production costs of rPET flakes clothing and the government legislation promoting this area.

 

As society becomes more conscious and proactive in trying to eliminate plastic waste, recycling rates are continuing to increase. The expansion of the market is informing vendors in the plastic market because of increased environmental awareness and a shift towards alternative, eco-friendly, and sustainable substitutes for plastic. It is anticipated that the growth in demand for electric vehicles in the United States will raise the need for durable and lightweight plastic parts that improve vehicle efficiency. Additionally, various governmental initiatives for plastic recycling and significant investments have contributed to the evolution of the dimension of the market in this area. Many companies in the market are also focusing on developing eco-friendly packaging materials, in addition to developing technology that assists in keeping plastic packaging waste out of landfills. Many of the major players in the market have engaged in strategic mergers & acquisitions, joint ventures, and new product development to expand their footprint in the global market.

 

Product Insights

 

 

The clear rPET flakes exhibited a preeminent position, accounting for the largest share of the total market in 2024, with total revenue of 75.37%. As the clear recycled polyethylene terephthalate (rPET) flakes show superior durability, this market segment is projected to experience rapid growth in the coming years.  Due to the utilization of clear recycled polyethylene terephthalate (rPET) flakes in food & non-food applications, as well as their low processing costs, all manufacturers utilize them in various applications. Most manufacturers prefer to make bottles and containers using clear rPET flakes, not opaque or colored recycled polyethylene terephthalate (rPET) flakes, because they have features that inhibit the growth of bacteria, mold, and fungus. Also, clear flakes enable easy detection of changes in products packaged in containers and bottles made from rPET. These factors contribute to the rising demand for clear recycled polyethylene terephthalate (rPET) flakes throughout the forecast period.

 

Colored packaging products create a unique look for packaged goods and help develop brands, which drives growth in the forecasted period. Colored recycled polyethylene terephthalate (rPET) flakes are identified as a low-cost and ecologically responsible option for packaging milk and personal care products. Colored recycled PET flakes are used to create product and brand differentiation and permit packaged products to look unique. Nevertheless, the quantity of colored flakes available is limited, and producers tend to prefer green flakes over others. To minimize green flakes, producers eliminate any colors such as orange, purple, red, and brown. Furthermore, since it adds an aesthetic component that fosters segmental growth, they are gaining interest across several international end-use industries, including consumer products, textiles, and food & beverage.

 

End Use Insights

 

 

Non-food bottles and containers were the most prominent portion of the global recycled PET flakes market by revenue, accounting for 27.3% of market share in 2024. The increase in commissioning costs associated with manufacturing units is expected to increase demand for recycled polyethylene terephthalate (rPET) flakes used in non-food bottles and containers, especially in the Asia Pacific region. The establishment of new bottled water manufacturing facilities and the increase in travel across the world, but primarily in Asia Pacific, will increase demand for bottled water and consequently recycled polyethylene terephthalate (rPET) flakes used to manufacture food and drink bottles and containers.

 

The fiber segment is growing at the fastest rate overall due to its use in the manufacture of blankets, carpets, clothing, and other textile-related products. Fiber is made by two methods: chemically and physically, the products created by the chemical process are considered value-added products. The market for recycled polyethylene terephthalate (rPET) flakes will also be driven globally by government regulations and the low cost to produce clothing using rPET flakes. The market will be driven by growing global investments in sports, creating opportunities for the sports clothing, apparel, and accessories market, and creating demand for fibers made from rPET flakes.

 

Region Insights

In 2024, Asia-Pacific emerged as the leading market for rPET flakes, with a market revenue share of 29.62%. The region's dominance was partly due to the presence of large food and beverage industries, which actively attempt to increase recycled investments. It is also important to note that during the forecast period, the shift in the global industrial landscape towards developing economies (China, India, etc.) will positively affect the growth rate of the Asia-Pacific market. The region's ability to meet packaging sustainability targets has increased significantly due to several ambitious local and international investments in PET collection and mechanical recycling infrastructure. The region has several burgeoning industries such as construction, automotive, and electronics, which provide substantial growth opportunities for rPET flakes producers.

 

North America Recycled PET Flakes Market Trends

A customer preference for circular economy products, coupled with a growing number of sustainable packaging regulations, has increased demand in North America. In North America, regulations, advances in sorting technology, and demand for sustainability from consumers have contributed to a burgeoning plastic recycling system.  Industrial-grade rPET production is trending upward as major food and beverage companies commit to 50% recycled content in PET packaging by 2030.  Public-private partnerships are strengthening contemporary recycling systems and plugging the gap between supply and demand.  This is bringing capital expenditures into the region for collecting, sorting, and washing.  The strong demand for rPET flake in the region is forecasted to continue with sizeable expenditures from consumer packaged goods companies, including Coca-Cola, PepsiCo, and Nestle Waters, to significantly increase post-consumer recycled content in packaging.

 

U.S. Recycled PET Flakes Market Trends

US state-level EPR programs, in addition to initiatives like the Break Free From Plastic Pollution Act, create positive financial incentives for end users of rPET.  Companies in the fast-moving consumer goods (FMCG) sector are gaining better market share through the sourcing off-take agreements. Improvements to flake quality and yield with more investments in bottle-to-bottle recycling and near-infrared sorting technology are paving the way forward.

 

Europe Recycled PET Flakes Market Trends

The EU Packaging and Packaging Waste regulation, which specifies that bottles must contain at least 30-50% recycled PET by 2035, is propelling rPET business in Europe.  This regulation signals an EU-27 plan to create mechanical recycling networks on scale and to pilot strategic investment in chemical recycling projects.  The use of recycled PET flakes for food contact applications and its rapid consumer acceptance is propelling the market upwards.  Innovative packaging is one of the primary market drivers for food-grade material expansion.  The investment case is bolstered by Green Dot and Ecolabel programs that guarantee premium pricing for rPET. Circular procurement efforts by governments and merchants push volume demand.

 

Key Recycled PET Flakes Companies:

The following are the leading companies in The recycled PET flakes market. These companies collectively hold the largest market share and dictate industry trends.

  • Clear Path Recycling LLC
  • Verdeco Recycling
  • Veolia Umweltservice GmbH
  • RAHSAM Co.
  • PolyQuest
  • Biffa
  • GSM Plastic Industries
  • Evergreen Plastics, Inc.
  • TOMRA System ASA
  • Polyvim LLC
  • AlEn USA
  • Indorama Ventures Public Ltd.
  • AMAANI POLYFLAKES
  • Pashupati Polytex Pvt. Ltd.
  • RCS Entsorgung GmbH
  • LANGGENG JAYA GROUP
  • Others

 

Recent Developments

  • In May 2025, In Gujarat, Chemco Group and Kandoi Group of Industries have jointly invested RS 450 crore to establish two manufacturing facilities for flexible intermediate bulk container (FIBC) bags made of recycled PET (rPET). The investment will be used to create industrial packaging solutions at greenfield locations in Dahej and Vapi. The two facilities will utilize a closed-loop process from collecting and washing PET bottles to tape extrusion, weaving, and final manufacture. The companies claim that together, these plants will recycle more than 10 million PET bottles each day, or approximately 3.6 billion bottles each year. The closed-loop process will all be powered with renewable energy.

 

  • In October 2024, The Coca-Cola Company has complete the nationwide distribution of its Coca-Cola Trademark products (Coca-Cola, Diet Coke, Coke Zero, and flavored varieties) in 20-ounce bottles constructed from 100% recycled plastic for the first time. This is the first time we will see a sparkling brand in the United States embark on 100% recycled plastic bottles.  By 2024, it is expected that almost 80 million pounds of new plastic, or about 2 billion bottles, will not be used. This will not only reduce waste, energy use, and carbon emissions but also contribute to Coca-Cola's World Without Waste initiative and goal of 50% recycled content in all bottles and cans by 2030.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the recycled pet flakes market based on the below-mentioned segments: 

 

Global Recycled PET Flakes Market, By Product

  • Clear
  • Colored

 

Global Recycled PET Flakes Market, By End Use

  • Fiber
  • Sheet & Film
  • Strapping
  • Food & beverage bottles & containers
  • Non-food bottles & containers
  • Others

 

Global Recycled PET Flakes Market, By Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

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