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
Contact:
Ken Research
Ankur Gupta, Head
Marketing & Communications
query@kenresearch.com
+91-11-47017199
