Recycled PET (Polyethylene Terephthalate) is a type of plastic made using disposed consumer trash like plastic containers and bottles. PT is a thermoplastic polymer that has its main application in the packaging sector owing to its various properties, such as strength, transparency, and flexibility, which makes it easy to mould into any required shape.
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The plastic is made through various processes by collecting the trash items, cleaning, and shredding them till they turn into small flakes, which are then melted and reformed into new products. The plastic shows resistance to various acids and bases.
The top Recycled PET importers are Vietnam, the United States, and India, while its top exporters are Taiwan, and China.
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 chart, 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 market demand for recycled PET is rising due to the growing environmental concerns about plastic wastage and to consciously reduce the waste in landfill. There has been an increasing focus by the government on implementing laws and policies that allow the recycling of plastic, which is positively impacting the market. In addition, compared to virgin PET, the recycled variant can help reduce the cost of production as it is cheaper to produce. Hence, several businesses are also involved in managing waste products and recycling to lower costs while meeting their sustainability goals and furthering market expansion.
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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