The Global Recycled PET Chips Market was valued at USD 7068.76 million in 2023 and is projected to reach USD 9691.41 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 5.40% during the forecast period (2023–2029). This robust growth is fueled by tightening global plastic waste regulations, escalating corporate sustainability commitments, and rising consumer demand for products made from recycled content.

As the world intensifies its focus on a circular economy, the key players in the recycled PET chips market are at the forefront of innovation, creating high-quality rPET from post-consumer and post-industrial waste. In this blog, we profile the Top 10 Companies in the Recycled PET Chips Industry—a dynamic group of recyclers, manufacturers, and sustainability pioneers building a cleaner future for plastics.

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🔟 1. Indorama Ventures Public Company Limited

Headquarters: Bangkok, Thailand
Key Offering: Clear, Blue, Green, and Custom Colored rPET Chips

Indorama Ventures is a global leader in PET production and a major force in recycling. Through its subsidiaries, including PHP Fibers and Custom Polymers, the company operates advanced recycling facilities across North America, Europe, and Asia, producing food-grade and non-food-grade rPET chips for a wide array of applications.

Sustainability Initiatives:

• Target to recycle a minimum of 750,000 tons of PET annually by 2025

• Significant investments in bottle-to-bottle recycling technology

• Partnerships with major brands to close the loop on packaging

Download FREE Sample Report:
Global Recycled PET Chips Market – View in Detailed Research Report

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9️⃣ 2. Alpek S.A.B. de C.V. (DAK Americas)

Headquarters: San Pedro Garza García, Mexico
Key Offering: rPET Flake, Pellets, and Staple Fiber

Alpek, through its subsidiary DAK Americas, is one of the largest producers of PET and rPET in the Americas. Its operations include extensive PET recycling capabilities, turning used bottles into high-quality rPET chips used for packaging, textiles, and strapping.

Sustainability Initiatives:

• Operates one of the largest PET recycling plants in the United States

• Focus on developing advanced recycling processes to improve rPET purity

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8️⃣ 3. Far Eastern Group (FENC)

Headquarters: Taipei, Taiwan
Key Offering: Eco-Friendly rPET Chips for Bottles and Fibers

Far Eastern Group is a diversified conglomerate with a strong presence in the polyester value chain. Its operations include the production of virgin and recycled PET, with a growing emphasis on creating high-value rPET chips to meet the demands of the Asian market and global brand owners.

Sustainability Initiatives:

• Investment in chemical recycling technologies to complement mechanical recycling

• Active participation in promoting circular economy models across Asia

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7️⃣ 4. Plastipak Holdings, Inc. (Clean Tech)

Headquarters: Plymouth, Michigan, USA
Key Offering: Food-Grade rPET Pellets (CleanPET®)

Clean Tech, a division of Plastipak Holdings, is a premier recycling company specializing in converting post-consumer PET bottles into high-quality, food-grade rPET resin. Their CleanPET® product is widely used by leading beverage companies for new bottle production.

Sustainability Initiatives:

• Pioneer in bottle-to-bottle recycling in North America

• Continuous innovation in wash-line and purification technology

Download FREE Sample Report:
Global Recycled PET Chips Market – View in Detailed Research Report

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6️⃣ 5. Biffa plc

Headquarters: High Wycombe, United Kingdom
Key Offering: rPET Flakes and Pellets from UK-sourced waste

Biffa is a leading UK waste management company that has vertically integrated into rPET production. Their state-of-the-art plastics recycling facility produces food-grade rPET, directly supporting the UK’s Plastic Packaging Tax and circular economy goals.

Sustainability Initiatives:

• Investment of over £27.5 million in advanced plastic recycling infrastructure

• Commitment to processing over 1.3 billion bottles annually

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5️⃣ 6. Phoenix Technologies International LLC

Headquarters: Bowling Green, Ohio, USA
Key Offering: Ultra-Clean, FDA-Compliant rPET

Phoenix Technologies is a globally recognized producer of post-consumer rPET, known for its stringent quality control and focus on food-contact applications. The company’s proprietary processes ensure its rPET chips meet the highest purity standards demanded by brand owners.

Sustainability Initiatives:

• Specialization in producing resin suitable for direct food contact

• Long-term supply agreements with global packaging converters

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4️⃣ 7. Evergreen Plastics

Headquarters: Clyde, Ohio, USA
Key Offering: rPET Flakes and Pellets (ALPET®)

Evergreen Plastics, a subsidiary of APG, operates one of the most advanced PET recycling plants in North America. The company transforms recycled bottles into ALPET® rPET, which is used for a variety of applications, from new bottles and jars to sheet and strapping.

Sustainability Initiatives:

• Advanced material separation and cleaning technologies

• Focus on creating a closed-loop system for PET packaging

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3️⃣ 8. Verdeco Recycling, Inc.

Headquarters: Iva, South Carolina, USA
Key Offering: Custom-Engineered rPET Compounds

Verdeco Recycling specializes in producing high-performance, customized rPET compounds. The company works closely with customers to develop rPET solutions tailored for specific performance requirements in packaging and industrial applications.

Sustainability Initiatives:

• Emphasis on creating value-added recycled products

• Partnerships with material science companies to enhance rPET properties

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2️⃣ 9. Kw Plastics

Headquarters: Troy, Alabama, USA
Key Offering: rPET and rPP (Polypropylene) Flakes/Pellets

KW Plastics is one of the world’s largest plastics recyclers, with a massive operation focused on HDPE, PP, and PET. Their recycling division processes enormous volumes of post-consumer plastic, producing rPET chips that supply various manufacturing sectors.

Sustainability Initiatives:

• Massive scale operations diverting significant waste from landfills

• Continuous investment in sorting and processing automation

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1️⃣ 10. Extrupet Group

Headquarters: Gauteng, South Africa
Key Offering: Food-Grade rPET Flakes (FibrePET®)

Extrupet is a leading recycler in Africa, playing a critical role in the continent’s circular economy. The company produces high-quality, food-safe rPET chips, primarily used in the manufacturing of new PET bottles and polyester staple fiber.

Sustainability Initiatives:

• Key player in developing recycling infrastructure in Southern Africa

• Production of rPET that meets stringent international safety standards

Get Full Report Here:
Global Recycled PET Chips Market – View in Detailed Research Report

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🌍 Outlook: The Future of Recycled PET Chips Is High-Value and Circular

The recycled PET chips market is experiencing a fundamental transformation. While traditional non-food applications like fiber still consume the majority of rPET, the industry is rapidly scaling advanced recycling technologies to meet the surging demand for food-grade rPET from brand owners and legislators.

📈 Key Trends Shaping the Market:

• Mandatory recycled content laws (e.g., EU Single-Use Plastics Directive, California’s SB 54)

• Advancements in decontamination and super-clean recycling processes

• Growing corporate commitments to using 100% recycled or renewable packaging

• Increased investment in chemical recycling to handle hard-to-recycle PET waste streams

Get Full Report Here:
Global Recycled PET Chips Market – View in Detailed Research Report

The companies listed above are not only processing plastic waste—they are engineering the building blocks for a sustainable future.