The recycled polyethylene terephthalate (rPET) market is expected to grow from USD 12.76 billion in 2025 to USD 26.78 billion by 2034, at a CAGR of 8.53%. Major companies in the market are using mergers and acquisitions to improve technology for producing rPET packaging. The market is expanding quickly due to growing environmental concerns, higher demand for sustainable packaging, and strong government support for recycling programs.
Recycled Polyethylene Terephthalate Market Key Players
Latest Announcements by Industry Leaders
- In March 2025, according to Peter Voortmans, Commercial Director of Consumer Products Flexibles at Borealis, the new rLLDPE grade is a significant step towards a circular economy for plastics because of its remarkable 85% post-consumer recyclate content. As one of the ways the company is redesigning necessities for sustainable living, Borcycle M CWT120CL will assist clients in reaching their sustainability goals while upholding the high-performance standards necessary for demanding flexible packaging applications.
New Advancements in the Market
- On 10 July 2025, Amcor partnered with Slovenian Food and home care company Mediacor to reveal a “recycle-ready” spouted stand-up pouch for its Nana Brand liquid products in Italy, Germany, and Austria, too.
- On 10 July 2025, Aveint Corporation revealed an oxygen-scavenging additive crafted particularly to enhance the recyclability of polyethylene terephthalate (PET) packaging while expanding product shelf life.
- On 1 November 2024, the world’s first bio-PET Bottle, which was made from utilised cooking oil to lower CO2 emissions, was disclosed at the commercial stage by Indorama Ventures, Neste, Suntory, ENEOS, Iwatani, and Mitsubishi Corporation too.
- On 16 October 2024, Konica Minolta will have been actively using recycled plastics, which contribute to a recycling-oriented society. Recycled plastics for MFP (multi-functional peripherals) created by Konica Minolta are utilised for the SATO holdings corporation's flagship industrial label printer line.
- On 19 June 2025, Top flexible packaging company UFlex revealed that it has launched an FSSAI-compliant single pellet solution for the usage of recycled PET in food and beverage packaging.
- In January 2025, PolyCycl, a Chandigarh-based start-up focused on circular economy technology, revealed the release of their patented technology, which allows conversion of hard-to-recycle plastics into sustainable fuels, renewable chemicals, and food-grade polymers.
- In March 2025, Borealis GmbH, an Austrian plastics manufacturer, revealed the introduction of the Borcycle M CWT120CL, a recycled linear low-density polyethylene (rLLDPE) grade. The newly launched Borcycle M CWT120CL contains 85% post-consumer recyclate, innovated for non-food flexible packaging applications.
- In February 2025, Berry Global Group, Inc., a packaging company, signed a partnership with Mars, a leader in snacks and sweets, to switch all of the packaging for its pantry jars for the M&M’s, SKITTLES, and STARBURST brands to 100% recycled plastic, excluding the jars' lids.
