R-PET Prices

R-PET Prices September 2024

The R-PET prices in the United States for Q3 2024 reached 1150 USD/MT in September. The market displayed stable prices within a limited range, indicating an equilibrium between supply and demand. In spite of economic uncertainties, the R-PET sector in the United States exhibited resilience and the ability to adjust to local requirements and worldwide circumstances.

The price trend for R-PET in China for Q3 2024 settled at 840 USD/MT in September. The market witnessed several seasonal challenges and increased competition from lower-priced options, leading to slight price increases despite overall stability. The region managed economic uncertainties by balancing supply and demand, fostering a careful yet resilient outlook for the R-PET sector.

In Germany, the R-PET prices for Q3 2024 reached 1735 USD/MT in September. The market witnessed significant adjustments. Prices increased from the previous quarter but decreased than the same time previous year, reflecting Europe’s oversupply of feedstocks and reduced demand. As the quarter ended, sentiment remained cautious, balancing supply pressures with steady industry demand.

In Saudi Arabia, the R-PET prices for Q3 2024 reached 835 USD/MT in September. The market remained resilient in Q3 2024, with prices steady despite external pressures. Strong local recycling efforts and consistent demand from key industries contributed to balanced trends, resulting in stable pricing by the end of the quarter.

R-PET Prices June 2024

The R-PET prices in the United States for Q2 2024 reached 1186 USD/MT in June. The market witnessed rising prices due to peak seasonal demand and limited supplies. Increased summer packaging demand and high production and transportation costs boosted market sentiment. A focus on sustainability further heightened demand, challenging efforts to meet industry needs despite attempts to strengthen supply chains.

The price trend for R-PET in China for Q2 2024 settled at 839 USD/MT in June. The market dynamics were shaped by rising demand for eco-friendly materials and ongoing supply constraints. Seasonal increases in summer packaging need added pressure, while higher production costs linked to crude oil further complicate the situation.

In Germany, the R-PET prices for Q2 2024 reached 1342 USD/MT in June. The market experienced significant price fluctuations in the recycled PET (R-PET) prices due to strong demand from the beverage and packaging industries and seasonal trends. Regulatory mandates promoting sustainable materials increased demand, while logistical challenges restricted supply.

In Saudi Arabia, the R-PET prices for Q2 2024 reached 849 USD/MT in June. The market faced ongoing price declines caused by oversupply and weak industrial demand, worsened by seasonal slowdowns. Despite a brief stabilization, economic uncertainties and supply chain issues led to a bearish market outlook.

R-PET Prices March 2024

The R-PET prices in the United States for Q1 2024 reached 1141 USD/MT in March. The market experienced steady growth driven by legislation promoting recycled materials and rising consumer demand for sustainability. However, weather-related logistical challenges and fluctuating demand in textiles and packaging disrupted early stability. Strategic inventory management and consistent supply chains helped the market adapt, resulting in moderate growth by the end of the quarter.

The price trend for R-PET in China for Q1 2024 settled at 809 USD/MT in March. The market faced mixed conditions due to oversupply and cautious demand in the packaging sector. Seasonal stockpiling before the Lunar New Year temporarily slowed trading activities. However, improved supply chain efficiencies and competitive pricing led to a gradual recovery by quarter's end, demonstrating the market's resilience amidst economic uncertainties.

In Germany, the R-PET prices for Q1 2024 reached 1092 USD/MT in March. The market witnessed steady growth due to rising demand for packaging and increased use of recycled materials. While regulatory restrictions on food-grade applications posed challenges, tighter inventories and higher virgin PET prices allowed recyclers to increase their prices. Strong imports and favorable crude oil price trends further supported this positive momentum.

The price trend for R-PET in Saudi Arabia for Q1 2024 settled at 869 USD/MT in March. The market experienced gradual growth due to stable domestic production and effective inventory management. While prices were stable early in the quarter, sporadic demand spikes from the automotive and construction industries emerged.

R-PET Prices December 2023

In the fourth quarter of 2023, the market for r-PET in the USA remained stable due to a consistent supply and reasonable demand. Plentiful stocks in beverage and packaging sectors led to limited trading, maintaining stable prices. The pricing trend, seasonality, and correlation of r-PET stayed steady, with no notable percentage fluctuations during the quarter. The price of r-PET in USA for Q4 2023 reached 1,494 USD/MT in December.

The r-PET market in China experienced a decrease, leading to prices falling to 856 USD/MT in December 2023. The decrease in production costs was caused by the surplus of scrap PET material, leading to a bearish trend. Even though there is enough supply and no shortages, the demand has decreased, especially from the packaging and beverage industries.

By the end of the quarter, r-PET prices in Germany saw a significant decrease, dropping to USD 980/MT in December. The market experienced a decline in prices because of abundant supply and weak demand, but an increase in interest in goods made from recycled materials influenced the market outlook. The price decreased compared to the previous quarter, showing market difficulties.

Regional Coverage

The report provides a detailed analysis of the r-PET market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the r-PET price trend. 

Global R-PET Price

The report offers a holistic view of the global r-PET pricing trends in the form of r-PET price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of r-PET but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed r-PET demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe R-PET Price

Q3 2024:

In the third quarter of 2024, Europe’s R-PET market witnessed a gentle price decline following an early increase in the year. This trend was influenced by an surplus of key feedstocks and moderated demand from sectors like packaging, reflecting the region’s extensive recycling capabilities. Germany, a significant market within Europe, mirrored these regional shifts with notable price adjustments. Despite a quarterly increase, year-over-year prices decreased, emphasizing ongoing market pressures. Additionally, innovations in recycling technologies and circular economy initiatives contributed to supply chain efficiencies. The market concluded the quarter with cautious pricing, demonstrating sensitivity to demand and supply fluctuations and emphasizing the need for balanced growth amidst evolving regulatory and economic landscapes.

Q2 2024:

In Europe, Q2 2024 was marked by consistent R-PET price hikes, because of strong demand for sustainable solutions in consumer and packaging goods. Regulatory compliance and growing eco-consciousness among consumers boosted demand for recycled materials. Germany saw particularly sharp price movements, driven by seasonal demand for R-PET from the beverage sector and logistical bottlenecks that restricted supply. The interplay of these factors, alongside high crude oil prices inflating production costs, reinforced the bullish market sentiment. Despite these pressures, the market demonstrated resilience, reflecting robust industrial activity and adaptability to external economic challenges.

Q1 2024:

During the first quarter of 2024, the European market showcased a steady upward trajectory, largely influenced by tightening inventory levels and surging demand in packaging. Higher crude oil costs offered recyclers the opportunity to push prices upward, while an increase in virgin PET costs reduced competition from alternative materials. Strong imports of recycled plastics and sustained spot trading volumes highlighted the region's growing reliance on R-PET. By the quarter’s end, supply constraints and robust demand from manufacturing sectors solidified the market’s growth, demonstrating resilience amid broader economic pressures.

Q4 2023:

During the fourth quarter of 2023, the European r-PET market faced obstacles characterized by a consistent supply but weak demand. Even with a steady flow of materials coming in, decreased output from key recyclers and increased collection of post-consumer products caused imbalances in supply and demand. The market faced challenges due to poor demand forecasts from industries downstream, particularly in the production of beverage bottles and packaging, despite favorable prices for virgin PET. During the first quarter of 2024, prices went up because of increased demand from packaging industries and dwindling inventory levels, as well as favorable crude oil prices. Regulatory obstacles in utilizing recycled plastics for food packaging, along with competition from virgin PET materials, have affected the market. However, increased demand and higher prices for virgin PET have enabled recyclers to raise R-PET prices. At the end of the quarter, prices continued to increase due to high demand, limited supply, and more imported goods, demonstrating strong market growth in spite of global economic difficulties.

This analysis can be extended to include detailed r-PET price information for a comprehensive list of countries.

North America R-PET Price

Q3 2024:

During the third quarter of 2024, North America's R-PET market maintained stability with a modest price uptick. This was because of consistent demand for R-PET from the textile and packaging sectors. However, increased recycling outputs led to increased inventories, which further tempered price rises. In line with this, declining prices of essential feedstocks and improved export container accessibility contributed to a balanced market. In the US, prices remained steady within a limited scale, showcasing the market's resilience amid varying global and domestic conditions.

Q2 2024:

During Q2 2024, the R-PET market in North America witnessed a significant rise in prices. This increase was primarily due to strong demand for R-PET from the textile and packaging industries. Additionally, elevated crude oil costs raised production expenses, further pushing R-PET costs upward. The United States emerged as a key market with the most notable price hikes, reflecting a positive market environment. Seasonal factors were pivotal as the packaging sector intensified activities ahead of peak summer sales, further straining the already constrained supply chain. The combination of increasing transportation expenses and rising raw material costs had a substantial impact on the pricing landscape, culminating in a robust market environment for R-PET across North America.

Q1 2024:

During the first quarter of 2024, the R-PET market in North America maintained moderate growth, supported by evolving sustainability mandates and increasing adoption of recycled materials across industries. Initially, steady prices were observed as downstream sectors like textiles and packaging experienced demand volatility. Extreme weather and logistical disruptions further complicated market dynamics, influencing spot trading activities. Toward the quarter's end, legislative pressures promoting recycled content and consumer-driven demand for sustainable products boosted the market. Efficient inventory management and stable supply chains ensured consistent availability, while the market exhibited sensitivity to external factors like constrained shipping capacities and shifts in global demand trends.

Q4 2023:

During the fourth quarter of 2023, pricing in the North American r-PET market remained steady due to moderate demand driven by the growing use of recycled materials in different industries. Plentiful scrap PET material resulted in a plentiful supply, but decreased operation rates from key recyclers and diminished overseas demand negatively affected market sentiment. Nevertheless, there were no reports of any plant closures, demonstrating the general resilience and stability of the market during the quarter. During Q1 2024, prices slightly increased as a result of higher post-consumer product collection and careful investment in response to uncertain downstream demand. The price hike was caused by early increases in spot resin trading due to extreme weather and logistical disruptions, as well as sustained demand driven by sustainability efforts and legislative pressures. Despite global economic pressures and occasional external logistical challenges, the market stayed stable due to effective supply chains and inventory management.

Specific r-PET historical data within the United States and Canada can also be provided.

Middle East and Africa R-PET Price

Q3 2024:

Middle East and Africa's R-PET market remained stable throughout Q3 2024, with minimal price fluctuations. Consistent demand from the textile and packaging industries, coupled with sufficient local recycling supply, underpinned this stability. In Saudi Arabia, the market demonstrated resilience against external pressures, supported by strong local recycling efforts and consistent demand from key industries. Seasonal factors, such as changes in consumer behavior and production cycles, contributed to maintaining a predictable pricing environment. The quarter concluded with balanced trends, showcasing the region’s effective management of supply-demand dynamics despite broader economic uncertainties. Enhanced collaboration between public and private sectors in recycling initiatives also reinforced market stability, highlighting Middle East and Africa's capacity to sustain growth in the R-PET sector.

Q2 2024:

R-PET pricing in the Middle East and Africa during Q2 2024 showed a downward trajectory, shaped by oversupply and reduced demand across key sectors like textiles and packaging. Saudi Arabia, as a regional leader, saw pronounced declines due to seasonal slowdowns and a saturated market. Efforts to stabilize pricing faced challenges from fluctuating economic conditions and global supply chain issues. However, regional interest in recycling and sustainability remained strong, suggesting a potential recovery in the market as industries adapt to shifting consumer and environmental priorities.

Q1 2024:

The Middle East and Africa R-PET market demonstrated resilience in Q1 2024, navigating regional supply surpluses and global economic pressures with strategic adaptability. Early-quarter stability shifted as moderate demand growth from construction and automotive sectors drove sporadic price increases. Despite uncertainties from global oil price fluctuations and the availability of virgin PET, the region leveraged strong domestic production and efficient inventory management. Steady restocking activities and an uptick in spot purchases supported market performance. By the quarter's end, higher upstream PET costs and a renewed focus on sustainability in key industries contributed to moderate price growth, reflecting the region's capacity to handle external challenges.

Q4 2023:

In Q4 2023, the Middle East and Africa region saw a downturn in the market for r-PET due to high supply and low demand from the bottles and textile sectors. Nevertheless, consistent demand from the automotive and construction industries offered assistance. Decreasing prices of new PET material and difficulties in collecting used products caused complications in the market, especially in Saudi Arabia. Trading was quiet because of low demand and suppliers being reluctant to raise prices. In the beginning of 2024, Saudi Arabia began with stable prices despite worries about demand and excess supply, but experienced small rises because of occasional increase in demand and limited supply. February stayed calm despite tensions in the region, as a result of well-maintained inventories and consistent production.

In addition to region-wise data, information on r-PET prices for countries can also be provided.

Asia Pacific R-PET Price

Q3 2024:

During the third quarter of 2024, the Asia Pacific R-PET market experienced a gentle upward trend, achieving greater price stability than in previous periods. This stability was supported by stable demand for R-PET from packaging industries and an oversupply situation, reflecting the region's robust recycling infrastructure. China, a key player in the region, faced unique disputes like intense competition from lower-priced alternatives and seasonal variations, resulting in slight price increases. Additionally, expanding e-commerce and increasing consumer awareness about sustainability drove demand across multiple sectors. The region adeptly balanced supply and demand, maintaining a stable pricing environment despite global economic uncertainties. Enhanced logistics and regional trade agreements also facilitated smoother supply chain operations, reinforcing APAC's position in the global market.

Q2 2024:

The Asia Pacific region displayed varied R-PET pricing trends during Q2 2024, with a focus on sustainability driving demand across packaging and textile sectors. Supply chain constraints, including freight challenges and raw material availability, impacted pricing dynamics. China played a pivotal role, experiencing pronounced fluctuations due to its status as a manufacturing hub. Seasonal factors like increased summer packaging demand added pressure to already tight supplies. Meanwhile, regional sustainability initiatives and consumer preference for eco-friendly products fueled long-term optimism in the market, despite short-term price volatility.

Q1 2024:

The market for R-PET in Asia Pacific during the first quarter of 2024 witnessed a blend of challenges and recovery phases. While the quarter began with stability driven by demand from construction and automotive sectors, oversupply and subdued consumption in packaging led to price declines. In addition to this, seasonal influences, such as Lunar New Year stockpiling, created temporary stagnation in spot transactions, impacting market liquidity. However, improved operational efficiency, competitive pricing, and lower plastic costs encouraged a gradual rebound by the end of the quarter.

Q4 2023:

In the fourth quarter of 2023, the Asia Pacific r-PET market faced a decrease in demand from downstream sectors, specifically for recycled beverage bottles and packaging materials. Recyclers faced obstacles due to lower prices of new PET material and a higher rate of collecting used products, impeding market expansion. There was a decrease in prices from the previous quarter, with no reported plant shutdowns. By the beginning of Q1 2024, the market was steady in terms of pricing, but by March, it decreased as a result of oversupply, poor demand, and careful buying behaviors. Temporary interruptions occurred due to seasonal stockpiling during the Lunar New Year, but adequate inventories and effective supply chains kept supply levels steady. The quarter finished with a minor recovery but still saw a decrease in prices overall, showing cautious investment and typical demand from classic industries.

This r-PET price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America R-PET Price

The analysis of r-PET prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

R-PET Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “R-PET Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of r-PET pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of r-PET at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of r-PET price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing r-PET price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

R-PET Market Analysis

The global r-PET market size reached 4.9 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 9.5 Million Tons, at a projected CAGR of 7.70% during 2023-2032.

• r-PET is widely utilized in the packaging sector because of its outstanding strength, transparency, and food contact safety. It is frequently used in the production of bottles for drinks like water, soda, and juice. For instance, in September 2023, Sidel introduced the StarLiteR, a bottle base made from 100% r-PET, to help carbonated soft drink packaging manufacturers adopt material circularity more effectively. Moreover, containers, clamshell packaging, and trays for a variety of food items, such as fruits, salads, and ready-to-eat (RTE) meals are manufactured using r-PET. The global RTE food market reached US$ 181.5 Billion in the year 2023. The IMARC Group anticipates that the market will reach US$ 262.4 Billion by 2032, showing a growth rate (CAGR) of 4.18% between 2024 and 2032. Being environment-friendly, it is a popular choice for packaging solutions due to its capacity to safeguard the integrity and safety of food items. The demand for r-PET in the packaging industry is driven by a focus on sustainability and meeting regulatory standards.
• The shift towards a circular economy is a key factor positively influencing the market. A model of circular economy focuses on reusing, recycling, and recovering materials to establish a closed-loop system, reducing waste and environmental impact. This method is becoming more popular around the world as industries are more frequently embracing circular economy principles. In April 2024, Coca-Cola launched 500ml bottles made of 100% r-PET in Hong Kong to support recycling and sustainability efforts, with the goal of achieving completely recyclable packaging by 2025 and incorporating 50% recycled materials by 2030. This project was a component of their worldwide campaign to decrease plastic waste and promote a circular economy.
• R-PET is widely employed in the textile industry for the production of polyester fibers. These fibers are twisted into threads and materials that are later utilized for different textile purposes, such as apparel, household textiles, and industrial fabrics. For example, in November 2023, Pure Trade showcased the flexibility of recycled r-PET by designing high-quality packaging and textile products for Givenchy and Lancôme, incorporating diverse textures and elegant designs. These collections, made entirely of r-PET, emphasize sustainability and eco-friendly luxury. Additionally, r-PET fibers are frequently used in the production of sportswear, outdoor gear, and casual wear because of their strong, moisture-wicking, and comfortable qualities.
• R-PET is used to make construction materials like insulation panels, roofing tiles, and composite materials. These materials take advantage of the strength, durability, and thermal insulation features of r-PET. It is also employed in geotextiles for soil stabilization and erosion control in civil engineering endeavors.

R-PET News

The report covers the latest developments, updates, and trends impacting the global r-PET market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in r-PET production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the r-PET price trend.

Latest developments in the R-PET industry:

• August 2023: Coca-Cola India introduced its first 1-liter bottle made entirely of r-PET for Kinley, utilizing recycled PET approved by FSSAI for food contact purposes. Srichakra Polyplast created the r-PET using Starlinger's bottle-to-bottle recycling technology.
• January 2024: Circularix entered into a supply agreement with Republic Services to acquire postconsumer PET flake from Republic's Polymer Centers in order to create food-grade r-PET pellets at its Hatfield, Pennsylvania location. The goal of the agreement was to improve internal recycling abilities and back up sustainability pledges for beverage and CPG firms.

Product Description

Recycled polyethylene terephthalate (r-PET) is a type of plastic made from recycled post-consumer PET products like beverage bottles and packaging materials using a recycling method. It consists of gathering and organizing PET waste, then cleaning, shredding it into small flakes, and melting it to create pellets. It comes in various forms, including flakes, pellets, fibers, and sheets and films, each offering distinct properties.

R-PET is appreciated for its positive effects on the environment because it assists in lessening plastic waste in landfills and oceans, decreases greenhouse gas emissions by reducing the need for new PET, and preserves natural resources. It plays a key role in circular economy principles, emphasizing the design of products for recyclability and multiple uses.

R-PET offers outstanding durability, transparency, and food-safe properties, which enable its use in various applications. Its adaptability permits usage across multiple sectors like packaging, textiles, automotive, construction, and consumer goods.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of r-PET pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting r-PET price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The r-PET price charts ensure our clients remain at the forefront of the industry.