The recycled PET bottles market is expected to grow from USD 2.67 billion in 2025 to USD 6.16 billion by 2034, with a CAGR of 9.74% during the forecast period. Recycling PET bottles offers two benefits: it helps the environment and supports profitable business goals. Consumers prefer buying products from companies that use recycled materials in their products and manufacturing processes.
Recycled PET Bottles Market Key Players
Latest Announcements by Industry Leaders
- On 4 December 2024, a greenfield recycling plant, worth INR 220 crores was set up in Uttar Pradesh’s Gorakhpur, which is a joint venture between SLMG beverages and DPIPL and Coca-Cola India whose goal is to generate 36,000 MT of recycled PET Flakes and 24,000 MT of PET granules yearly which solves India’s plastic waste challenge.
Recent Developments
- On 22 August 2024, Packaging and recycling specialist Alpla has partnered with the German startup Sea Me to reveal a new line of reusable PET bottles crafted for cosmetic uses.
- On 22 July 2025, Avient Corporation disclosed the introduction of the first grade in its latest ColourMatrix Amosorb Oxyloop profile of oxygen scavengers, ColourMatrix Amosorb Oxyloop-1.
- On 10 July 2025, Avient Corporation revealed an oxygen-scavenging addictive crafted particularly to develop the recyclability of polyethylene terephthalate (PET) packaging while expanding the product shelf life.
- On 12 March 2025, Jokey disclosed its latest packaging lines that depend on recycled PET. These transparent containers for the pharmaceutical and food sectors use the injection stretch blow moulding procedure. The plastic is made from recycled material.
- On 1 November 2024, the world’s first-ever bio-PET bottle came from using cooking oil and is believed to lessen the reduction of CO2 emissions, revealed at commercial scale by Suntory, Nestle, Indorama Ventures, and Iwatani too.
- On 15 October 2024, top packaging solutions Berry Global revealed a series of clarified polypropylene (PP) bottles for healthcare uses, which serve superior sustainability and developed product protection as compared to regular coloured PET pill bottles.
- On 22 August 2024, the packaging and recycling specialist Alpha partnered with German Startup Sea Me to reveal a new line of reusable PET bottles crafted specifically for cosmetic applications. This acquisition has outcome in the development of Sea Me’s zero packaging system, whose goal is to improve the sustainability of cosmetic packaging.
- On 16 August 2024, Ganesha Ecosphere Limited, which is an industry leader in terms of India’s PET Plastic recycling industry, surpassed the Nifty Smallcap 250 index by almost 2.5 times (54% vs 22%) over the past six months.
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