MarketSegmentation
By
Product Type:
Recycled PET (rPET
Recycled HDPE
Recycled LDPE
Recycled PP
Others By Application: Food & Beverages
Personal Care Pharmaceuticals
Market Value
Global Market Size (2023): USD 32.69 billion
Projected Market Size (2032): USD
52.03 billion
Compound Annual Growth Rate (CAGR): 5.30% (2025-2032)24
North America Market Size (2023): USD 9.31 billion
North America CAGR: 4.54% (20252032)
Market Opportunities
Sustainability Initiatives: Risi
recyclable packaging solution
Technological Advancements: plastics and improved recyclin
Emerging Markets: Growth in increased packaged food cons
Regulatory Support: Governm food-grade recycled materials.
Regional Analysis
North America: Significant growth with a market size of USD 9.31 billion in 2023; steady CAGR of 4.54% from 2025 to 2032.
Europe: Key players include Germany, the UK, and France; characterized by stringent food safety regulations.
Asia-Pacific: Rapid growth in countries like China, Japan, and India due to urbanization and increased disposable income.
Middle East & Africa: Growth driven by rising awareness of food safety and hygiene, notably in Saudi Arabia and the UAE.
South & Central America: Expanding markets in Brazil and Argentina, supported by the growing food and beverage industry.
About Us
•Established in 2015, 24Chemical Research specializes in providing comprehensive chemical industry research and analysis to support businesses in making well-informed decisions in this ever-evolving sector. Since our inception, we have been dedicated to delivering in-depth market research, identifying key trends, opportunities, and challenges shaping the global chemical industry.
