Procurement Resource Analyses the Production Cost of Recycled PET in its New Report
Analyses Overview of The New Production Cost Report of Recycled PET
The new report by Procurement Resource, a global procurement research, and consulting firm, looks in-depth into the costs involved in the production of Recycled PET. The comprehensive report analyses the production cost of the material, covering the raw material costs and co-product credit, equipment costs, land and site costs, labour wages, maintenance costs, financing charges, and depreciation costs. The extensive study describes the stepwise consumption of material and utilities along with a detailed process flow diagram. The report also assesses the latest developments within the industry that might influence Recycled PET production costs, looking into the capacity expansions, plant turnarounds, mergers, and looking into the capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Product Definition:
PET, or polyethylene terephthalate, is a kind of polyester that is highly recyclable. PET is a low-cost, lightweight material that is commonly used to make plastic items, notably bottles. When polyethylene terephthalate is recycled, it becomes RPET, the most extensively recycled plastic on the planet. Recycled PET products are incredibly handy, and as a result, they are frequently used.
Factors Impacting the Recycled PET Production Cost:
Concerns about pollution have prompted a surge in demand for environmentally friendly and sustainable packaging, including recycled plastic. Manufacturers of packaging are concentrating on designing sustainable and green packaging that can be recycled and reused. These companies are investing in research and development activities and technology to provide environmentally friendly, cost-effective packaging solutions that do not compromise the degree of protection provided to the packaged goods. Coca-Cola, Danone, and PepsiCo have all advocated for the usage of RPET in their bottles to reach 50% by 2030. PepsiCo has set a goal of using 25% recycled plastic in all beverage bottles by 2025, while Keurig Dr. Pepper has claimed that it would use 25% less virgin plastic by 2025. Machines that are flexible and easy to change are sought by beverage makers in order to meet variations in RPET quality. Manufacturers in the RPET market are expected to benefit from such activities aimed at the development of sustainable packaging materials. These factors are likely to impact the production cost of Recycled PET.
Procurement Resource Assessment of Recycled PET Production:
The production cost report by Procurement Resource assesses the production of Recycled PET via PET. In this process, PET is used as a starting material and its recycling follows multiple steps such as sorting, separation, classification, and rinsing. At last, PET is ground into flake and dried before being reintroduced as a manufacturing material.
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Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertake extensive research to provide our customers with the latest and up-to-date market reports, cost-models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele. We work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. We also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with the updated and reliable data. We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate, so that they can form strategies which ensure their optimum growth.
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