Global rPET market to exceed $4 billion in 2031 as beverage giants step up their game.
According to Fact. M.R., the global recycled PET market is expected to grow at a compound annual growth rate of 8% to a total of $4.2 billion by the end of 2031 as consumer preference for sustainable and recyclable products continues to grow.
As per Zion Research findings, plastics and polymers took over metals and other conventional materials in nearly all the end-user applications due to their characteristics such as lightweight, excellent barrier properties and cost-effectiveness. Polymers are widely used in various packaging materials, owing to which rPET has replaced most of the conventional materials in food & beverage packaging with carbonated soda filling machine.
These factors have contributed to substantial growth in the global rPET market over the past few years. The use of advanced technologies in rPET production processes enables the manufacturers to produce high-quality, cost-competitive packaging materials.
Furthermore, replacing virgin plastic with rPET for food & beverage packaging can help cut down more than 16 million tons of CO2 emissions annually. This will also reduce the impact on natural resources and the environment.
Here’s a look at the efforts of beverage giants like Coca-Cola, Pepsi and Nestle in rPET packaging.
01.
Coca-Cola
Coca-Cola says their plastic bottles are made from an average of 25% rPET and 75% virgin PET. Their goal is to reach 50% recyclability by 2030.
From September 2021, Coca-Cola U.K. will convert all its in-use bottles to 100% recyclable PET.
The move will mean that all bottles for drinks of 500ml or less, including Coca-Cola Original, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite and Dr. Pepper brands, will be made from 100% recycled PET and entirely made recyclable in the U.K. by September.
The packaging shift will apply to all bottles of 500 ml or less, saving an estimated 29,000 metric tons of virgin plastic per year, the equivalent of 2,292 double-decker buses. All Coca-Cola’s PET (rPET) bottles are recyclable.
As well as 100% recyclable bottles and cans, Coca-Cola has also been involved in developing rPET bottle deposit schemes worldwide. In 2017, Coca-Cola European Partners announced a collaboration with Closed Loop Recycling to establish a U.K. broad bottle recycling scheme based on a pay-as-you throw principle for drinks containers.
02.
PepsiCo
Currently, plastic makes up more than 50% of Pepsi’s food and beverage packaging materials. Pepsi admits that only 14% of plastic is recycled globally. So next, Pepsi will recycle plastic bottles into new product production and reduce the amount of virgin PET used by 35 percent. For example, Pepsi is transitioning its premium LIFEWTR bottled water business plan to 100% rPET in the U.S. by 2020. Additionally, the company has announced the expansion of its partnership with Loop™ to include Canada and Ireland. PepsiCo is also working on using recycled plastic in Aquafina bottles.
PepsiCo has pledged to make all of its plastic bottles across the globe recyclable by 2025. PepsiCo says it will work with partners to develop new packaging designs and manufacturing standards that extend the life of plastic products, improve recycling rates and eliminate the amount of virgin plastic needed to make its bottles.
03.
Nestlé
For Nestlé’s water business, addressing plastic waste is one of the most critical tasks. “Most of the packaging in Nestlé’s water business is already 100% recyclable or reusable. Building on this, we are committed to recycled PET accounting for 50% of PET packages used globally by 2025 and to support the roll-out of alternative distribution systems.” The company said.
In addition, Nestlé’s division, which sells products such as Billet mineral water and St. Péroux, is expanding its partnership with supplier Plastic. By partnering with other suppliers, Nestlé will nearly triple the use of food-grade recycled plastics, such as rPET, in less than three years.
Nestlé is also working with academics and industry partners in the effort to develop standardized ways to better quantify the recyclability of packages.” It added.
In 2019, Nestlé Waters was set to launch the world’s first recyclable pet bottle for members of its premium water business plan, Perrier and S.Pellegrino. Made with an innovative combination of rPET (recycled plastic) and PET (Virgin plastic), the new packaging is designed to deliver on crucial consumer drivers, optimizing convenience and portability.
04.
Danone
Danone announced that by 2025 its packaging will be made of 100% recyclable, reusable or compostable materials and is trying to help develop a recycling infrastructure to increase recycling rates.
Danone’s Evian brand has pledged to have all of its plastic bottles made of 100% rPET plastic by 2025. Danone currently uses about 14 percent rPET in the packaging of its bottled water startup and other soft drink filling machine factories. Now, Danone hopes to increase the use of recycled PET packaging to 50 percent by 2025.
Danone has said that its sustainable packaging strategy considers the entire life cycle of its packaging and aims to reduce overall environmental impact. It encourages consumers to recycle their water bottles at drop-off points located at local shops and public spaces.
05.
Pernod Ricard
Pernod Ricard is the world’s second-largest drinks company (behind Diageo), with more than 200 brands in its collection, including Chivas Regal, Ballantine’s and Havana Club.
Pernod Ricard has partnered with Closed Loop Partners to launch its own bottle deposit return schemes worldwide.
Pernod Ricard said that within three years, its first deposit return scheme will be introduced in the U.K., where consumers will pay an extra charge of 8 pence (10 cents) per Chivas Regal bottle returned to the retailer through any of the company’s distribution channels for recycling.
06.
Starbucks
Starbucks recently partnered with The World Wildlife Fund to address the global threat of ocean plastic pollution. Starbucks is also trying to work with suppliers, customers and communities to develop recycling infrastructure, increase consumer awareness about recycling solutions and engage partners towards achieving 100% recycled product in the U.S. Starbucks offer a 10-cent discount to customers with reusable cups at more than 7,000 company-operated stores. In addition, 100% of its tea bags and coffee filters are made from unbleached, renewable fibre or compostable materials. Starbucks is also working with Closed Loop Partners and others to develop a bottle deposit return scheme.
Starbucks has committed to serve more than 1 billion recyclable cups per year by 2025; pursue opportunities to reduce or eliminate plastic packaging; cut down on energy use throughout its supply chain, including store lighting; and work closely with partners such as NRDC and WWF to develop recycling infrastructure.
07.
AB InBev
Anheuser-Busch InBev, the world’s largest brewer, announced an ambitious goal to reduce the weight of plastic in its plastic bottles and another packaging by 5% by 2020. The company plans to reduce plastic in its packaging by an additional 20% by 2025.
A.B. InBev’s commitment includes:
- Inspiring consumer action for increased recycling and re-use of plastic bottles.
- Reducing new bottles’ environmental impact.
- Ensuring water security.
The brewer is also committed to eliminating 30% of the company’s carbon emissions by 2025 and reducing water use in breweries, where possible, through improved process efficiencies. The commitment aims to protect local watersheds and help address water scarcity issues.
08.
Reference:
- https://www.globenewswire.com/en/news-release/2021/07/07/2258842/28124/en/Global-Recycled-Polyethylene-Terephthalate-rPET-Market-2021-2028-Changing-Consumer-Behavior-Towards-Sustainability-Ban-on-Landfills-Driving-Growth.html
- https://www.grandviewresearch.com/industry-analysis/recycled-polyethylene-terephthalate-pet-market
- https://www.ktvn.com/story/44966323/recycled-pet-rpet-market-size-future-growth-global-survey-competitive-vendors-in-top-regions-business-challenges-geographical-segmentation-latest
- https://plasticsinpackaging.com/global-rpet-market-to-exceed-4bn-by-2031/
09.
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