Recycled PET (Polyethylene Terephthalate) is a type of plastic made using disposed consumer trash like plastic containers and bottles. PT is a thermoplastic polymer that has its main application in the packaging sector owing to its various properties, such as strength, transparency, and flexibility, which makes it easy to mould into any required shape.
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The plastic is made through various processes by collecting the trash items, cleaning, and shredding them till they turn into small flakes, which are then melted and reformed into new products. The plastic shows resistance to various acids and bases.
The top Recycled PET importers are Vietnam, the United States, and India, while its top exporters are Taiwan, and China.
Procurement Resource does an in-depth analysis of the price 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; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Recycled PET Price chart, including India Recycled PET price, USA Recycled PET price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
The market demand for recycled PET is rising due to the growing environmental concerns about plastic wastage and to consciously reduce the waste in landfill. There has been an increasing focus by the government on implementing laws and policies that allow the recycling of plastic, which is positively impacting the market. In addition, compared to virgin PET, the recycled variant can help reduce the cost of production as it is cheaper to produce. Hence, several businesses are also involved in managing waste products and recycling to lower costs while meeting their sustainability goals and furthering market expansion.
Procurement Resource offers 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 most 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 tracks 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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