Showing posts with label Recycled PET Staple Fibre. Show all posts
Showing posts with label Recycled PET Staple Fibre. Show all posts

Monday, February 2, 2015

India Recycling PET Market - Discussed Leading Players, Profile, Market Share and Product Portfolio

Recycling PET industry offers numerous advantages mainly, recycling each PET bottle conserves energy to light a 60W bulb up to 6 hours, recycling 1 ton of PET containers save 6 cubic meters of landfill space, recycling 1 ton of PET saves 1.5 tons of carbon dioxide, land filling and incineration. Hence, guided by these eco friendly incentives coupled with transformation of PET waste into large number of allied products, has led to an increasing amount of recycled PET. Recycling activities have also been fueled by consistently rising number of PET bottles recycling units. Since the last decade, a steadily increasing number of products were used to be made from PET bottle flakes. The very early started conversion of PET-scrap to staple fiber was later followed by increasingly higher performance products such as PET straps, PET sheets/film and bottle to bottle recycling as well.

India Recycling PET Market Size, FY’2009-FY’2014
 Although, Indian plastics Industry is characterized by lower growth rates in virgin plastic production and processing, recycling of PET had been a rapidly growing segment in the country. In India, PET bottles have inundated the market in recent years, with annual growth rate in consumption to be over 20%. This raised an issue in the Indian economy regarding the end usage of PET bottles, where the collection rates were as high as 75%.

This has led to the emergence of the concept of recycling PET, which was started way back in 1995, when the government of India insisted to add value to the waste generated from rising post consumer waste PET bottles. This prompted the recycling PET units to look for alternate source in the form of allied products, where this recycled PET waste could be used.

India Recycling PET Market Future Projections on the Basis of Revenues, 2014-2018

Recycling Polyester staple Fiber (RPSF) has been the largest segment in India’s recycling PET market and it has been estimated that the RPSF is going to be the fiber of the future in the entire textile industry. Currently, the market encompasses more than ~% of the recycled polyester, used for the manufacturing of PET staple fiber. There is a growing optimism for the recycled polyester staple fiber market due to increasing use of RPSF by several global brands, as a result of growing environment responsibility.

Polyester sheet has been the second largest market of the recycled PET industry, which contributed a nominal share of ~% during FY’2014. Over the years, the market has showcased deterioration in its share as compared to FY’2009. This has reduced the demand for recycled PET used in manufacturing PET sheets. However, in terms of volume the share of Polyester sheets increased to ~% during FY’2014 from ~% share in FY’2013. PET Straps has been the third largest market of recycled PET Industry in terms of revenues, while it has been the second largest market in terms of production volume. PET Straps contributed a smaller share of ~% during FY’2014, due to the fact that the production of PET strap has been relatively lower. However, it has been observed that above ~% of PET straps gets produced from recycled polyester. Throughout the period, the share of recycled PET straps in terms of revenues has declined in the overall recycled industry where it was recorded at ~% during FY’2009 and ~% in FY’2014.

Recycling PET Industry on the competition side has been so far guided by ~ formal players and ~ informal units involved in the recycling PET business. Some of these units either convert PET bottles into allied products such as PSF, PET sheets or PET straps or either transforms PET bottles into PET flakes, which gets used for further recycling. The competition in the future is going to be characterized by additional increase of the informal PET recycling units.

KEY FACTORS CONSIDERED IN THE REPORT
·         Comprehensive analysis of the PET and Recycling PET market and its segments
·         Comprehensive view on SWOT analysis of the industry, trends and developments and the growth drivers affecting the market.
·         Listed major players and their positioning in the market
·         Identified major industry developments in last few years and assess the future growth of the industry
·         Regulatory framework help to understand investment opportunities and complexity involved


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