Procurement Resource Evaluates the Price Trends of Recycled PET in its Latest Insights and Dashboard
Price Trends of Recycled PET in its Latest Insights and Dashboard
Procurement Resource does an in-depth analysis of the market trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Recycled PET price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends. Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; Customisation of price currencies and units and downloading of price information as excel files that can be used offline. The pricing database and analysis of Recycled PET can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
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Product Description:
Known as PET, a kind of polyester, polyethylene terephthalate is a highly recyclable plastic material. PET is commonly utilised to make plastic products, especially bottles, as it is lightweight, affordable, and readily available. The most popular recycled plastic in the world is known as RPET after polyethylene terephthalate is recycled. Because recycled PET products are so practical, they are widely used.
Also Check Acetic Acid Production Cost Report – https://www.procurementresource.com/production-cost-report-store/recycled-pet
Regions Covered to Evaluate Recycled PET Price Trend:
- North America
- South America
- Europe
- The Asia Pacific
- The Middle East
- Africa
Industrial Uses Impacting Recycled PET Price Trend:
Consumers’ shifting attitudes toward sustainability is the main force behind the market’s expansion. The introduction of landfill bans in some developed nations in North America and Europe will also probably increase demand for the product over the forecast period. Recycled polyethylene terephthalate (rPET) is in high demand in these regions due to its wide range of applications in a number of key sectors, including FMCG, apparel & textiles, consumer goods, and automotive.
Key Market Players:
- B. Schoenberg & Co., Inc
- UltrePET, LLC
- Carbonlite Inc.
- Suez Recycling & Recovery Holdings
- KW Plastics
News and Events:
R-PET clear flake and food-grade pellet prices rose by triple digits in February because of strong demand and constrained supply. The 100 EUR/MT price rise meant a sizable margin gain in addition to the 44 EUR/MT increase in clear bottle trash purchase expenses. Additionally, the cost of buying mixed bottle waste increased by 25 EUR/MT, while the cost of coloured flake increased by more. R-PET supply remained limited as a result of the lack of PET bottle scrap. The demand for R-PET increased concurrently, and an increasing number of brand owners were dissatisfied with the shortage of material for fresh sustainability initiatives.
About Us:
Procurement Resource is Claight’s subscription-based SaaS platform providing in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent. We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data. To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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