Recycled PET Foam Market Growth: Global Analysis

The Global Recycled PET Foam Market was valued at US $ 551.6 Million in 2022 and is expected to reach US $ 1013.5 Million by 2030 growing at a CAGR of 7.9% during the forecast period 2023 – 2030
Moreover, the packaging industry is undergoing a significant transformation, with a shift towards sustainable packaging solutions. Recycled PET foam is gaining traction as a preferred material for protective packaging due to its cushioning properties and ability to absorb shocks. This has led to a reduction in the use of traditional, non-biodegradable packaging materials, positively impacting the environment and reducing the carbon footprint.