QYR Market Research Global Recycled PET Chips market research | Page 5

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The price and demand of Recycled PET is greatly affected by
the price of virgin PET chips. When the price of virgin PET chips
goes up, the price of Recycled PET chips can also be lifted. The
gross margin of the industry is not high due to the immature of
the industry, as well as low entry barrier. However, the market
space of Recycled PET is huge, as recycle rate of waste bottles
has been growing in both developed and developing countries.
The Global Recycled PET Chips market size was 7765.03 million
USD in 2017 and it will be 11187.38 million USD in 2024, with a
Growth Rate of 5.35% from 2017 to 2024.
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