Since the beginning of this year, due to the restrictions on the supply of recycled bottle chips and related recycled material bottles, as well as the rise of energy and transportation costs, the prices of colorless post consumption bottles (PCR) and chips in the global market, especially in Europe, have reached an unprecedented high, and the regulations on increasing the recyclable content of products have been issued in many places in Europe and the United States, It has also been promoting the "explosive demand growth" of major brands.
According to fact According to Mr's data, as consumers' and market preferences for sustainable and recyclable products continue to grow, it is expected that by the end of 2031, the global renewable PET (RPET) market will grow at a CAGR of 8%, with a total amount of US $4.2 billion.
