Recycled PET Price Chart, Historical and Forecast Analysis | Procurement Resource
Polyethylene Terephthalate (PET), derived from recycled consumer waste such as plastic bottles and containers, constitutes a specific type of plastic. This thermoplastic polymer finds primary use in packaging due to its diverse attributes, including robustness, transparency, and adaptability, enabling effortless molding into desired shapes.
The manufacturing process involves several stages: gathering discarded items, cleaning, and shredding them into small flakes. These fragments are then melted and reshaped to form new products. Notably, this plastic displays resilience against various acids and bases.
Vietnam, the United States, and India rank among the principal importers of Recycled PET, while Taiwan and China stand out as its primary exporters.
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Key Details About the Recycled PET Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Recycled PET price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Recycled PET Price trends, including India Recycled PET price, USA Recycled PET price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Recycled PET Price Trend:
The surge in demand for recycled PET stems from heightened environmental awareness regarding plastic waste and the concerted effort to decrease landfill overflow. Government initiatives emphasizing plastic recycling have significantly influenced this trend, contributing to a positive market impact. Moreover, the use of recycled PET, cheaper to produce than virgin PET, aids in cutting production expenses. Consequently, numerous enterprises are actively engaged in waste management and recycling, not only to reduce costs but also to align with sustainability objectives, thus fostering market growth.
Key Players:
- B. Schoenberg & Co., Inc
- UltrePET, LLC
- Carbonlite Inc.
- Suez Recycling & Recovery Holdings
- KW Plastics
News & Recent Development
- 06 February 2023- The Indian Oil Corporation (IOC) has pushed for decarbonisation and will be recycling 100 million dumped bottles of cold drinks, mineral water and PET bottles.
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