Recycling is the collection of used materials that would otherwise be waste to be broken down and remade into new products. Motivations for recycling include environmental sustainability and financial concerns sustainability because the reused material both prevents waste and reduce the consumption of new raw materials, and financial because it can be cheaper to produce different products from recycled materials. One of the main usages of this process is recycling of polymer materials and wastes, specially those made up of polypropylene and polyester.

This report focuses on Recycled PET Chips. PET, or polyethylene tephthalate, is semi-rigid to rigid, depending on thickness. It makes a good barrier method, especially for use in water bottles, soft and fizzy drink bottles, pots, tubs, oven ready trays, jam jars soft drink bottles. PET can be produced in a thin film, such as that which is used to make Mylar. It is also used for flexible food packaging. When recycled, it is made into fiberfill, carpeting, or non-food containers and bottles.
The main market for recycled PET chips is China, accounting for about 60%. Europe was next at 10%.
Major manufacturers are Lung Shing International, Longfu Recycling Energy Scientech, Clean Tech Incorporated, Clear Path Recycling, etc.

Market Analysis and Insights: Global Recycled PET Chips Market
In 2020, the global Recycled PET Chips market size was US$ 9172.6 million and it is expected to reach US$ 13260 million by the end of 2027, with a CAGR of 5.4% during 2021-2027.
Global Recycled PET Chips Scope and Market Size
Recycled PET Chips market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Recycled PET Chips market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.

Segment by Type, the Recycled PET Chips market is segmented into
Clear Chip
Brown Chip
Green Chip
Blue Chip
Others

Segment by Application, the Recycled PET Chips market is segmented into
Bottles
Sheet
Fiber
Strapping
Others

Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Competitive Landscape and Recycled PET Chips Market Share Analysis
Recycled PET Chips market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2016-2021. Details included are company description, major business, Recycled PET Chips product introduction, recent developments, Recycled PET Chips sales by region, type, application and by sales channel.

The major companies include:
Clean Tech Incorporated
Clear Path Recycling
Mohawk Industries Incorporated
CarbonLite Industries
Greentech
Visy
Evergreen Plastics
Extrupet
PolyQuest
Phoenix Technologies
Verdeco Recycling
4PET RECYCLING BV
Far Eastern Group
Kyoei Industry
Wellpine Plastic Industical
Lung Shing International
Longfu Recycling Energy Scientech
Suzhou Jiulong Recy & Tech