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Written by Alex » Updated on: November 19th, 2024
In December 2023, the price of Recycled PET in the United States for Q4 reached 1479 USD/MT. The latest report by IMARC Group, titled "Recycled PET Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Recycled PET Price Trend. This report delves into the Price of Recycled PET globally, presenting a detailed analysis, along with informative Recycled PET Price Chart. Through comprehensive Recycled PET Price Analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Recycled PET Demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Recycled PET Prices December 2023:
Report Offering:
The study delves into the factors affecting Recycled PET price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/recycled-pet-pricing-report/requestsample
Recycled PET Price Trend- Q4 2023
The recycled polyethylene terephthalate (PET) market is driven by several key factors, reflecting the growing environmental concerns, regulatory support, and technological advancements. Firstly, the increasing awareness among individuals about plastic pollution and its environmental impact is impelling the market growth. People are preferring sustainable packaging solutions to lower their carbon footprint. Consumers and organizations are pushing for eco-friendly alternatives like recycled PET due to its ability to lower carbon footprint compared to virgin PET. In addition, governing agencies of various countries are implementing regulations and policies for promoting recycling. They are mandating stringent guidelines to reduce plastic waste and encourage recycling practices. Apart from this, technological advancements in recycling processes assist in improving the quality and efficiency of recycled PET production. Innovations, such as advanced sorting technologies, chemical recycling, and improved washing techniques, enhance the purity and performance of recycled PET, making it more attractive for various applications, including food and beverage packaging, textiles, and automotive parts. Moreover, using recycled PET can result in cost savings for manufacturers due to lower material costs and potential tax benefits or subsidies associated with sustainable practices. Overall, the recycled PET market is driven by a combination of environmental responsibility, regulatory frameworks, technological progress, and economic benefits.
Recycled PET Market Analysis
The global recycled PET market size reached US$ 6.67 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 11.46 Billion, at a projected CAGR of 6.20% during 2023-2032. During the last quarter of 2023, the prices of recycled PET in the Asia Pacific region experienced fluctuations. These variations were closely linked to the market behavior of its feedstock PET, which is used in downstream applications. In China, the prices of recycled PET initially saw a slight increase from October to November. Furthermore, in Q4 of 2023, the European recycled PET market exhibited similar behavior to the Asian market. As the prices of feedstock PET declined, recycled PET prices also followed a downward trend. In contrast, the recycled PET market in North America performed somewhat better than other global markets during the same quarter. Although prices remained stable within a narrow range, there was noticeable demand from the packaging and plastic industries, which helped sustain the market.
Key Points Covered in the Recycled PET Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
Regional Price Analysis:
Browse More Pricing Reports by IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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