Growing Market Trends of Recycled PET

September 01, 2022

Due to growing awareness of the negative effects that plastic, which takes approximately 450 years to decompose on average, has on the environment, recycled PET bottles are being used more and more in the production of polyester staple fibre. Numerous governmental and non-governmental organisations, as well as local citizens, are involved in the collection of PET bottles for recycling. The requirement for polyester staple fibre is further increasing due to a growing population and higher standards of life.

Automotive, construction, home furnishings, fashion, and filtration are a few of the major industries that use polyester staple fibre. Over the projection timeframe, rising fabric production investments are anticipated to create enormous potential prospects for PSF in the garment application. Among the most important PSF end consumers in the automobile industry are OEMs.

Polyester can also be produced using recycled plastics. One of the main raw materials used to create polyester staple fibre is PTA, followed by MEG, PET chips, and PET flakes made from recycled bottles. In order to quickly cool down the polymer created from raw components, melt spinning is used. The tow, a bundle of filaments made using the melt spinning technique, is drawn and crimped before being cut into predetermined lengths. The chopped fibres obtained in this way are known as polyester staple fibre.

Additionally, PSF can be produced without using virgin petroleum supplies. Different types of polyester fabrics are made with recycled plastics; for example, Repreve, a fabric that is officially made from recycled materials, is created from used plastic bottles. Both sportswear and swimwear typically use it. Old polyester garments and plastic bottles are regularly recycled by manufacturers, such as Eco Intelligent Polyester, to make new polyesters.

The PET recycling sector has many benefits. In general, recycling PET bottles saves enough energy to power a 60W bulb for up to 6 hours, 1 tone of recycled PET containers saves 6 cubic metres of landfill space, and 1 tone of recycled PET reduces carbon dioxide emissions by 1.5 tones through land filling and burning. Therefore, a growing volume of recycled PET has been produced as a result of these eco-friendly incentives combined with the conversion of PET trash into numerous linked products. The steady increase in PET bottle recycling units has also encouraged recycling efforts. There have been an increasing variety of goods developed from Plastic bottle flakes during the past ten years.

The extremely early conversion of PET waste into staple fibre was subsequently followed by goods with ever-higher performance levels, including PET straps, PET sheets/film, and bottle-to-bottle recycling. Although the manufacture and processing of raw polymers in the Indian plastics industry are characterised by slower development rates, the recycling of PET has been a fast expanding market in the nation. With a consumption growth rate of over 20% annually, PET bottles have flooded the market in India in recent years. Due to high collection rates—up to 75%—for PET bottles, this created a problem for the Indian economy. This has resulted in the notion of PET recycling emerging, which was initiated back in 1995 when the Indian government insisted on adding value to the garbage produced by rising post-consumer PET bottle waste. This pushed the PET recycling units to search for a different source of allied products where they might employ the recycled PET trash.

The major market segment for recycling PET in India has been recycling polyester staple fibre (RPSF), which is predicted to replace all other fibres in the textile industry in the future.The market currently includes more than 20 % of the recycled plastic used to make PET staple fibre. The market for recycled polyester staple fibre is expected to rise optimistically as more international brands embrace RPSF as a result of increased environmental concern. With a negligible share of 20% during FY'2014, polyester sheet was the recycled PET industry's second-largest market. The market has shown degradation in its share over time when compared to FY'2009. As a result, there is less demand for recycled PET, which is used to make PET sheets. Furthermore, in terms of volume, polyester sheets had an increase in share from 20% in FY 2013 to 30% in FY 2014.

PET Straps have been the second-largest market for manufacturing volume in the recycled PET industry, ranking third in terms of sales. Because of the fact that PET strap production was considerably lower in 2014, PET Straps made up a smaller portion of the total during the fiscal year. Nevertheless, it has been noted that more than 40% of PET straps are made from recycled polyester. Recycled PET straps' revenue share in the entire recycled industry has decreased over the course of the time period, falling from 45% in FY 2009 to 25 % in FY 2014.

On the side of the competition, the PET recycling industry has thus far been directed by both formal companies and informal PET recycling business units. Some of these devices either turn PET bottles into complementary goods like PSF, PET sheets, or PET straps or convert Plastic bottles into PET flakes that are utilised for additional recycling. Future competition will be characterised by an expansion of unofficial PET recycling businesses.