The coronavirus pandemic has sent a shockwave through the plastic recycling industry. Even after a year of the pandemic, frequent curfews, lockdowns, industry closures, and sudden shifts in product demand are influencing the growth of the recycled PET market. Moreover, the price fall of virgin plastic or VPET (Polyethylene Terephthalate) is predicted to lower the demand for RPET (recycled PET). This has altered production activities catering to sheet or thermoform for manufacturers in the U.S., South America, and Europe switching to VPET instead of RPET.
The temporary shutdown of apparel stores and automotive companies has compelled manufacturers in the recycled PET market to acquire a bright spot in the personal protective equipment (PPE) with increase in the demand for facemasks and visors. As such, the production of fibers and RPET is expected to decline, since plastic collection activities are taking place in a staggered manner.
To gauge the scope of customization in our reports Ask for a Sample
Shedding of Tiny Microplastics from RPET-induced Synthetic Garments Create Environmental Issues
The recycled PET market is projected to expand at a favorable CAGR of ~7% during the forecast period. Although RPET is gaining popularity as a sustainable alternative to VPET, the former poses a risk of containing synthetic materials that can shed tiny microplastics, which are potentially harmful to the environment, oceans, and humans. This issue is evident in many synthetic garments. Hence, manufacturers are introducing washing bags such as the brand GuppyFriend, which prevents shedding of tiny microplastics from synthetic garments made of RPET.
Get an idea about the offerings of our report from Report Brochure
Innovative PET Monomer Recycling Process Helps Manufacture Fibers, Food-grade Resins
Companies in the recycled PET market are setting their collaboration wheels in motion to innovate in recycling processes. Axens, IFPEN, and JEPLAN have signed a joint development and commercialization agreement in order to develop, demonstrate, and commercialize an innovative PET monomer recycling process for all types of waste PET materials. Used bottles, films, trays, and textile are being used in new recycling processes.
Manufacturers in the recycled PET market are increasing their R&D in new recycling processes involving glycolysis-based PET depolymerization combined with specific purification steps aiming at removal of organic and inorganic compounds present in waste PET. This transformation leads to the production of purified BHET (Bis [2-HydroxyEthyl] Terephthalate) monomer that can be used to manufacture fibers and food-grade resins.
Beverage Brands Aim for 100% RPET Bottles for Circular Plastic Packaging Solutions
Reusable PET bottles are creating stable revenue streams for companies in the recycled PET market. The innovative ALPHA reusable PET bottle is gaining popularity for its lightweight attributes, which result in decline in transportation cost, carbon dioxide (CO2) emissions, and material consumption.
Danone’s bottled water brand evian and PepsiCo smoothie brand Naked are being highly publicized for utilizing 100% RPET bottles. In order to boost credibility credentials, beverage companies in the recycled PET market are aiming to make all their bottle units 100% RPET by 2025 to march toward a completely circular approach to plastic packaging. The growing consciousness about recycled PET among consumers is one of the driving factors of the market.
Table of Content - https://www.transparencymarketresearch.com/report-toc/82056
100% RPET Popes Mimic Properties of Conventional Ropes to Support Heavy Loads
The recycled PET market is slated to cross the revenue of US$ 11.9 Bn by 2031. Manufacturers are diversifying their production in recycled PET ropes to expand their business streams. Vivens is gaining recognition for developing first-of-its-kind 100% recycled PET ropes that are being crafted in Dubai and Addis Ababa. Stakeholders are anticipated to take cues from such companies to develop 100% RPET ropes that support heavy load, enhanced pressure, and extended UV (ultraviolet) exposure.
Manufacturers in the recycled PET market are gaining a strong research base to develop premium recycled ropes that prevent loose braiding. These ropes are durable with elongation attributes and capable of complimenting the properties of conventional polyester ropes.
Buy Now - https://www.transparencymarketresearch.com/checkout.php?rep_id=82056<ype=S
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
