Latest news with #PolyethyleneTerephthalate
Yahoo
4 days ago
- Business
- Yahoo
Recycled PET rPET Market 2025 on Track for USD 26.78 Billion by 2034 Amid Green Push
According to Towards Packaging consultants, the global recycled polyethylene terephthalate (rPET) market is projected to reach approximately USD 26.78 billion by 2034, increasing from USD 11.76 billion in 2024, at a CAGR of 8.53% during the forecast period 2025 to 2034. Ottawa, Aug. 07, 2025 (GLOBE NEWSWIRE) -- The global recycled polyethylene terephthalate (rPET) market size stood at USD 12.76 billion in 2025 and is projected to reach USD 26.78 billion by 2034, according to a study published by Towards Packaging, a sister firm of Precedence market is experiencing robust growth driven by increasing environmental awareness, government regulations promoting plastic recycling, and rising demand for sustainable packaging solutions. Industries such as food and beverage, personal care, and textiles are widely adopting recycled polyethylene terephthalate (rPET) due to its cost-effectiveness and reduced carbon footprint. Technological advancements in recycling methods, such as mechanical and chemical recycling, are enhancing the quality and application range of rPET products. Additionally, growing consumer preference for eco-friendly and recyclable products is encouraging manufacturers to shift toward rPET-based packaging. The market is also benefiting from corporate sustainability initiatives and collaborations focused on building circular economies. What is Recycled Polyethylene Terephthalate (rPET)? Recycled polyethylene terephthalate is a type of plastic material that is produced by recycling used PET (Polyethylene Terephthalate) products, such as water bottles, food containers, and other consumer packaging. PET is a lightweight, strong, and clear plastic commonly used in packaging because of its durability and safety. When these products are collected and processed through mechanical or chemical recycling methods they are transformed into rPET which can be reused in manufacturing new packaging materials. rPET significantly helps reduce plastic waste and reliance on virgin plastic, making it a more sustainable alternative. In packaging, rPET retains the same functional benefits as PET, such as strength, clarity, and resistance to moisture, while contributing to lower environmental impact. It supports circular economy practices, reduces carbon emissions, and meets the rising consumer and regulatory demand for eco-friendly packaging solutions. What Are the Latest Trends in the Recycled Polyethylene Terephthalate Market? Regulatory mandates tighten fast: Governments, including the EU and India, are enforcing stricter minimum recycled content and deposit schemes, forcing brands to adopt rPET or risk non‑compliance fines. Virgin PET undercuts rPET: With oil prices low and subsidies in place, cheapest virgin PET remains hard to beat, rPET loses price competitiveness unless scaled efficiently. Contamination chaos in feedstock: Poor segregation infrastructure and mixed waste streams result in quality issues that limit rPET's usage in food‑grade packaging. Discoloration dents consumer trust: Tinted, inconsistent, or murky rPET scares consumers even when functionally safe, undermining brand credibility. R&D dependency grows: Chemical and molecular recycling innovation is essential to address quality and feedstock limitations, but requires massive capital investment and time. Bottle‑to‑fabric competition intensifies: Demand from textile fiber makers (e.g., Repreve) is pushing rPET supply away from bottle‑to‑bottle recycling, driving up feedstock costs. Textile recycling threatens scale: The push toward textile‑to‑textile recycling may fragment rPET availability for packaging unless policy aligns feedstock flows. Enzymatic and advanced chemical recycling rise The commercialization of enzymatic PET recycling (e.g., Carbios in France) enables closed-loop recycling of colored or multilayer plastics, traditionally unrecyclable by mechanical methods. Micro‑recycling facilities Demand surges for decentralized micro-processing hubs and AI-powered optical sorting to improve feedstock purity, reduce contamination, and enable rural access. Color-specific rPET for brand differentiation Upgraded near-infrared sorting and specialized color additives now support neon and custom‑tinted rPET lines for aesthetic packaging and decorative applications. Supply diversification to non‑packaging and textile applications Expanded rPET usage in automotive interiors, electronics casings, home goods, and textile fibers (e.g., Repreve), creating both positive demand and potential supply competition. Infrastructure scale-up in emerging markets Governments and brands in Asia-Pacific, India, and Africa are investing heavily in collection systems, recycling networks, and regulatory mandates, for example, India's FSSAI and recycled content rules starting April 2025. Digital traceability and supply chain transparency Blockchain and QR-based tracking systems are becoming common to authenticate recycled content and combat contamination, empowering consumers and regulators. Corporate circularity and collaborations intensify. Major players like Indorama Ventures, Coca‑Cola, PepsiCo, and TotalEnergies are forming alliances, launching circular‑hub plants, and committing to high rPET content in is the Potential Growth Rate of the Recycled Polyethylene Terephthalate Market? Environmental awareness and consumer pressure Growing concerns about plastic pollution are pushing consumers and businesses toward sustainable packaging alternatives. This demand is fueling widespread adoption of rPET, especially in food, beverage, and personal care products. Government support and regulatory mandates Governments worldwide are enforcing policies like minimum recycled‑content mandates, deposit return schemes, extended producer responsibility (EPR), and procurement rules to boost rPET use in packaging. Corporate sustainability commitments Major brands such as Coca‑Cola, PepsiCo, Nestlé, Unilever, Evian, and others have pledged to incorporate significant recycled content in packaging, creating consistent, large-scale demand for rPET. Limitations and Challenges in the Recycled Polyethylene Terephthalate Market Limited Availability of High-Quality Feedstock and Quality and Performance Limitations The key players operating in the market are facing issues due to quality limitations and limited availability of high-quality feedstock. Contamination in post-consumer plastic waste (like food residues, mixed materials, and colors) makes it difficult to obtain clean PET for recycling, especially for food-grade applications. Virgin PET is often cheaper to produce, especially when oil prices are low, making rPET less economically attractive without subsidies or mandates, particularly in cost-sensitive markets. Recycled PET may show inferior mechanical properties, such as reduced strength and clarity, which limits its use in high-end or technical applications like pharmaceuticals or premium packaging. In many regions, particularly developing countries, recycling infrastructure is underdeveloped. Poor collection systems and limited technology reduce rPET availability and quality. More Insights of Towards Packaging: Multilayer PET Bottles Market - The multilayer PET bottles market is forecast to grow from USD 10.73 billion in 2025 to USD 18.02 billion by 2034, driven by a CAGR of 5.93% from 2025 to 2034. PET/EVOH/PE Packaging Materials Market - The global PET/EVOH/PE packaging materials market is expected to increase from USD 197.64 million in 2025 to USD 281.79 million by 2034. PET Packaging in Pharmaceutical Market - The PET packaging in the pharmaceutical market is accelerating, with forecasts predicting hundreds of millions in revenue growth between 2025 and 2034. Leak-Proof Flexible Packaging Market - The leak-proof flexible packaging market is booming, poised for a revenue surge into the hundreds of millions from 2025 to 2034. North America Packaging Market - The North America packaging market is forecasted to expand from USD 333.86 billion in 2025 to USD 488.92 billion by 2034, growing at a CAGR of 4.33% from 2025 to 2034. Glass-to-Plastic Packaging Market - The glass-to-plastic packaging market is booming, poised for a revenue surge into the hundreds of millions from 2025 to 2034. Recycled Packaging for Apparel Market - The recycled packaging for the apparel market is booming, poised for a revenue surge into the hundreds of millions from 2025 to 2034. Cellulose Film Packaging Market - The cellulose film packaging market is forecast to grow from USD 940.11 million in 2025 to USD 1532.98 million by 2034, driven by a CAGR of 5.63% from 2025 to 2034. Sustainable Minimalistic Tableware Packaging Market - The global sustainable minimalistic tableware packaging market is booming, poised for a revenue surge into the hundreds of millions from 2025 to 2034. Stretch Wrap Packaging Market - The global stretch wrap packaging market is booming, poised for a revenue surge into the hundreds of millions from 2025 to 2034. Regional Analysis: Who is the Leader in the Recycled Polyethylene Terephthalate Market? Asia Pacific dominates the recycled polyethylene terephthalate market due to several key factors. Rapid urbanization, rising population, and increasing consumption of packaged food and beverages have led to high PET usage and a growing demand for sustainable packaging. Countries like China, India, and Japan have established large-scale recycling infrastructures and are investing heavily in advanced recycling technologies. Government initiatives promoting plastic waste reduction and circular economy practices further support market growth. Additionally, the presence of major textile and packaging industries in the region boosts demand for rPET in various applications, including fabrics and containers. Cost-effective labor and manufacturing advantages also make Asia-Pacific a global hub for rPET production and export, contributing to its dominant market position. China Market Trends China is the largest consumer and producer of rPET in Asia-Pacific. The country has an extensive plastic collection and recycling network, supported by government initiatives aimed at reducing plastic waste. China's vast textile industry also drives demand for rPET fibers. Despite the "National Sword" policy banning foreign waste imports, domestic recycling has grown stronger and more regulated. India Market Trends India is rapidly emerging in the rPET market due to its growing packaged goods sector, supportive recycling regulations (e.g., Extended Producer Responsibility), and rising environmental awareness. The Food Safety and Standards Authority of India (FSSAI) now allows the use of rPET in food packaging, boosting local demand and domestic recycling efforts. Japan Market Trends Japan has one of the highest PET bottle recycling rates globally, exceeding 85%. The country excels in waste segregation and uses advanced recycling technologies. Strict environmental regulations and strong consumer participation support its rPET market. Japan also exports high-quality recycled resin, especially for textile and packaging use. South Korea Market Trends South Korea has a well-structured waste management system and is investing in high-tech recycling solutions. Its focus on smart cities and sustainable development encourages greater use of rPET, particularly in consumer goods packaging and electronics. Indonesia Market Trends Indonesia is expanding its rPET capacity with foreign investments and public-private partnerships. Initiatives such as the National Plastic Action Partnership aim to reduce ocean plastic and improve plastic circularity, helping Indonesia grow as a key rPET player in Southeast Asia. How is the Opportunistic Rise of North America in the Recycled Polyethylene Terephthalate Market? North America is the fastest-growing region in the recycled polyethylene terephthalate market due to strong regulatory support, rising consumer demand for sustainable products, and increasing investment in advanced recycling technologies. Governments and states are implementing strict policies on single-use plastics and promoting minimum recycled content in packaging. Major brands are committing to circular economy goals, driving up the demand for rPET in food, beverage, and personal care industries. Additionally, the region benefits from improved recycling infrastructure, public-private partnerships, and innovation in chemical recycling methods, which enhance the quality and versatility of rPET, accelerating market growth across various sectors. U.S. Market Trends The U.S. leads rPET market growth in North America, driven by aggressive sustainability goals from large corporations like Coca-Cola, PepsiCo, and Nestlé USA, which are pushing for higher recycled content in packaging. Multiple states, such as California and New York, have enacted laws requiring minimum percentages of rPET in beverage containers. Investments in advanced mechanical and chemical recycling facilities, along with support from the U.S. Environmental Protection Agency (EPA), are accelerating innovation. Consumer awareness and demand for eco-friendly products further boost rPET usage across industries. Canada Market Trends Canada is rapidly advancing in plastic waste reduction policies, especially through its Zero Plastic Waste initiative and national ban on certain single-use plastics. Provinces like British Columbia and Ontario have strong Extended Producer Responsibility (EPR) frameworks, encouraging companies to incorporate rPET in their products. Canadian retailers and brands are also shifting toward circular packaging, increasing domestic demand. The government's collaboration with recycling companies to enhance infrastructure and technology further strengthens Canada's rPET market growth. How Big is the Success of the European Recycled Polyethylene Terephthalate Market? Europe is experiencing notable growth in the recycled polyethylene terephthalate market due to stringent environmental regulations, strong political commitment to sustainability, and widespread consumer demand for eco-friendly packaging. The European Union's directives, such as the Single-Use Plastics Directive and the Packaging and Packaging Waste Regulation, mandate minimum recycled content in plastic bottles and promote a circular economy. Countries like Germany, France, and the Netherlands have highly efficient waste collection and sorting systems that ensure a steady supply of high-quality PET waste for recycling. Many European brands and retailers are committing to carbon-neutral goals and incorporating more rPET in their products. Investment in advanced recycling technologies and cross-border recycling collaborations further supports market growth across the region, making Europe a leader in sustainable plastic innovation. How Crucial is the Role of Latin America in the Recycled Polyethylene Terephthalate Market? Latin America is growing at a notable rate in the recycled polyethylene terephthalate market due to increasing awareness about plastic pollution, rising demand for sustainable packaging, and supportive government initiatives. Countries like Brazil, Mexico, and Chile are leading the way with strong bottle-to-bottle recycling programs and partnerships between private companies and local governments. The expansion of collection systems and investment in recycling infrastructure are improving the quality and availability of PET feedstock. Major global beverage and consumer goods companies operating in the region are committing to sustainability targets, driving demand for rPET. Growing participation from informal recycling sectors and public education campaigns is also helping improve recycling rates, making Latin America an emerging and important player in the global rPET market. How does the Middle East and Africa lead the Recycled Polyethylene Terephthalate Market? The Middle East and Africa (MEA) presents a rising opportunity for the recycled polyethylene terephthalate market, thanks to growing consumer demand for packaged goods, expanding recycling infrastructure, and supportive government initiatives. Rapid urbanization and rising disposable incomes, particularly in Saudi Arabia, UAE, and Egypt, are fueling demand for bottled beverages and on‑the‑go food products, driving rPET uptake in packaging. Governments in the Gulf, including the UAE's Circular Economy Policy and Abu Dhabi's 'Mission to Zero,' are incentivizing rPET adoption through regulations, certification schemes, and reverse vending systems. Major recycling collaborations, such as partnerships involving Veolia, Bee'ah, and Agthia, plus investment in new food‑grade rPET plants, are strengthening local capacity and supply stability. Meanwhile, Saudi Arabia is leading regional growth, backed by substantial funding and new recycling facilities targeting high post-consumer PET Outlook Source Insights The bottles and containers segment is the dominant part of the recycled polyethylene terephthalate market because of its high demand in the food, beverage, and personal care industries. rPET is widely used to make water bottles, soft drink containers, and packaging for shampoos and detergents due to its strength, clarity, and safety for food contact. With increasing environmental concerns, many brands are choosing rPET for packaging to reduce plastic waste and meet sustainability goals. The films and sheets segment is the fastest-growing part of the recycled polyethylene terephthalate market due to its increasing use in packaging, agriculture, construction, and electronics. rPET films and sheets are lightweight, strong, and recyclable, making them a popular choice for flexible packaging, protective coverings, and insulation materials. Many industries are switching to rPET-based films to reduce plastic waste and meet sustainability targets. In food packaging, rPET sheets help keep products fresh while being safe for contact with food. The demand is also growing in electronics and automotive applications where clear, durable, and cost-effective materials are needed. As more companies and governments support eco-friendly materials, rPET films and sheets are being used more widely, driving rapid growth in this segment. Grade Insights The Grade A segment is the dominant part of the recycled polyethylene terephthalate market because it offers the highest quality and purity. It is mostly used in food and beverage packaging since it meets safety standards for direct contact with food. Grade A rPET is clear, strong, and looks almost like new plastic, making it ideal for making bottles and containers. Many global brands prefer Grade A rPET to meet their sustainability goals while maintaining product quality and safety. The Grade B segment is the fastest-growing part of the recycled polyethylene terephthalate market because it is more affordable and suitable for non-food applications. It is commonly used in textiles, strapping, automotive parts, and construction materials where high purity is not required. As demand rises for cost-effective recycled materials in these industries, Grade B rPET becomes a popular choice. Its growing use in developing countries and for industrial purposes is helping this segment expand quickly in the global market. Form Insights The rPET flakes segment dominates the recycled polyethylene terephthalate market due to its versatility, cost-effectiveness, and widespread application across various industries. These flakes are easy to produce and are widely used in manufacturing packaging materials, textile fibers, and automotive components. Their compatibility with existing production systems makes them a preferred choice for manufacturers seeking sustainable alternatives. Additionally, growing environmental regulations and consumer demand for eco-friendly products have increased the adoption of rPET flakes. Their consistent quality, recyclability, and availability further contribute to their dominance, making them a critical component in the global shift toward circular economy practices. The rPET chips segment is the fastest growing in the recycled polyethylene terephthalate market due to its high purity, superior quality, and increasing demand in high-end applications such as food-grade packaging and beverage bottles. These chips undergo advanced recycling processes, making them suitable for direct contact with consumables, aligning with stringent safety and regulatory standards. The rising emphasis on sustainability by major consumer goods companies is also driving demand for rPET chips. Additionally, technological advancements in bottle-to-bottle recycling and strong support from government initiatives promoting circular economy practices further accelerate the growth of this segment in the global market. By Product The clear segment is the dominant segment in the recycled polyethylene terephthalate market because clear PET is easier to recycle and retains a higher value after processing. It allows for greater flexibility in reuse, especially in food-grade applications, as it can be more easily converted into new clear or colored products. Clear rPET is widely used in the production of beverage bottles, containers, and packaging films because it provides a clean, transparent appearance that appeals to consumers and maintains product visibility. Brands prefer clear rPET as it closely resembles virgin plastic in both look and quality. Additionally, the recycling process for clear PET requires fewer additives and less processing than colored PET, making it more efficient and cost-effective, further supporting its dominant market position. The colored segment is the fastest-growing part of the recycled polyethylene terephthalate market due to its increasing use in non-food applications such as textiles, automotive parts, and industrial packaging. Colored rPET is more affordable than clear rPET and is suitable for products where appearance is less important. As industries look for cost-effective and eco-friendly materials, colored rPET is becoming a popular choice. Its growing acceptance in various sectors is helping this segment expand quickly in the global market. End-Use Insights The fibers segment is the dominant end-use segment in the recycled polyethylene terephthalate market because a large portion of recycled PET is used to produce polyester fibers for textiles. These fibers are widely used in clothing, home furnishings, carpets, and automotive upholstery due to their durability and low cost. The fashion and textile industries prefer rPET fibers as a sustainable alternative to virgin polyester. Increasing demand for eco-friendly fabrics and growing awareness of circular fashion further support the dominance of this segment. The food and beverage containers and bottles segment is the fastest-growing end-use segment in the recycled polyethylene terephthalate market due to increasing demand for sustainable packaging solutions. rPET is widely used to produce bottles and containers for water, soft drinks, juices, and packaged foods because it is safe, lightweight, and recyclable. Leading brands are adopting rPET packaging to meet environmental goals and comply with regulations on recycled content. Growing consumer awareness and preference for eco-friendly products further fuel the rapid growth of this Breakthroughs in the Global Market: In July 2025, Mediacor signed a collaboration with Amcor plc, a packaging company, to introduce a Two-liter spouted stand-up bag for liquids that is suitable for recycling in Austria, Germany, and Italy. The recently introduced packaging solution comes from the Nana brand from which sells eco-friendly cleaning supplies. In June 2025, Uflex, a flexible packaging company, revealed the introduction of a single-pellet solution that complies with FSSAI regulations for using recycled PET in packaging for food. This creative product combines virgin and recycled PET into a single pellet, similar to simplifying the procedure for the use of recycled materials in their packaging in order to comply with the Extended Guidelines for Producer Responsibility. In March 2025, Borealis GmbH, a chemicals company, revealed the launch of the Borcycle M CWT120CL, linear low-density polyethylene (rLLDPE) that has been recycled 85% post-consumer recyclable, made for flexible packaging applications other than food. Access our exclusive, data-rich dashboard dedicated to the Recycled Polyethylene Terephthalate (rPET) Market – built specifically for decision-makers, strategists, and industry leaders. The dashboard features comprehensive statistical data, segment-wise market breakdowns, regional performance shares, detailed company profiles, annual updates, and much more. From market sizing to competitive intelligence, this powerful tool is your one-stop solution and strategic gateway to navigating the global rPET market with confidence. Access Now: Recycled Polyethylene Terephthalate Market Players Placon Clear Path Recycling LLC Verdeco Recycling, Inc. Indorama Ventures Public Ltd. Zhejiang Anshun Pettechs Fibre Co., Ltd. PolyQuest Evergreen Plastics, Inc. Phoenix Technologies Libolon Biffa Recycled Polyethylene Terephthalate Market Segments By Source Bottles and Containers Films and Sheets Others By Grade Grade A Grade B By Form rPET Flakes rPET Chips By Product Clear Colored By End-Use Fibers Films and Sheets Strapping Food and Beverage Containers and Bottles Non-Food Containers and Bottles Others By Region North America U.S. Canada Europe Germany UK France Italy Spain Sweden Denmark Norway Asia Pacific China Japan India South Korea Thailand Latin America Brazil Mexico Argentina Middle East and Africa (MEA) South Africa UAE Saudi Arabia Kuwait Invest in Our Premium Strategic Solution: Become a Valued Research Partner with Us - Schedule a meeting: Request a Custom Case Study Built Around Your Goals: sales@ About Us Towards Packaging is a global consulting and market intelligence firm specializing in strategic research across key packaging segments including sustainable, flexible, smart, biodegradable, and recycled packaging. We empower businesses with actionable insights, trend analysis, and data-driven strategies. Our experienced consultants use advanced research methodologies to help companies of all sizes navigate market shifts, identify growth opportunities, and stay competitive in the global packaging industry. Stay Connected with Towards Packaging: Find us on Social Platforms: LinkedIn | Twitter | Instagram Subscribe to Our Newsletter: Towards Sustainable Packaging Read Our Printed Chronicle: Packaging Web Wire APAC: +91 9356 9282 04 | Europe: +44 778 256 0738 | North America: +1 8044 4193 44 Our Trusted Data Partners: Precedence Research | Statifacts |Towards Automotive | Towards Healthcare | Towards Food and beverages | Towards Chemical and Materials | Towards Consumer Goods | Towards Dental | Towards EV Solutions | Nova One Advisor | Healthcare Web Wire | Packaging Web Wire | Automotive Web WireSign in to access your portfolio
News18
01-08-2025
- Business
- News18
Recycled-PET industry faces crisis amid proposed policy dilution
New Delhi, Aug 1 (PTI) The recycled PET industry is facing a crisis amid poor uptake of recycled plastic by major brand owners over policy ambiguity stemming from proposed amendments to the Plastic Waste Management (PWM) Rules. According to the Association of PET Recyclers (Bharat), a coalition of companies in India dedicated to the responsible recycling of PET (Polyethylene Terephthalate) materials, massive investments are at risk as brand owners delay compliance with recycled plastic targets. Despite the Ministry of Environment, Forest and Climate Change (MoEFCC) mandating the use of 30 per cent recycled content in rigid Category-1 PET packaging used by beverage companies – effective from April 1, 2025, brand owners are delaying compliance, citing PWM Rules. The MoEFCC's proposed amendment, issued on June 3, 2025, allows brand owners to carry forward shortfalls in meeting the 30 per cent r-PET target for food contact applications for 2025-26 over the next three years. This leeway, according to industry insiders, has emboldened some brand owners to assume an eventual rollback or relaxation of the target, resulting in delayed or avoided purchase of r-PET. The r-PET industry has so far invested an estimated Rs 7,500-8,000 crore, with a total planned capacity of 4 lakh metric tonnes, of which 1.5 lakh MT is already operational and FSSAI-authorised, and another 1.5 lakh MT scheduled to become FSSAI authorised soon. Industry voices warn that this disconnect between policy intention and ground-level implementation may undo years of progress and jeopardize India's international climate and sustainability commitments. 'Recyclers have taken bold steps, investing in world-class food-grade compliant r-PET plants. But if enforcement remains weak and brand owners keep defaulting, we fear the entire circular economy framework could collapse, in similar lines to what is happening in EU Nations," Shailendra Singh, Director General, APR (Association of PET Recyclers), Bharat, said. As India positions itself as a global champion of sustainable development, the disconnect between regulatory ambitions and on-ground reality now poses a serious threat to the credibility of its green transition narrative. PTI DRR DR DR view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
01-08-2025
- Business
- Mint
Recycled-PET industry faces crisis amid proposed policy dilution
New Delhi, Aug 1 (PTI) The recycled PET industry is facing a crisis amid poor uptake of recycled plastic by major brand owners over policy ambiguity stemming from proposed amendments to the Plastic Waste Management (PWM) Rules. According to the Association of PET Recyclers (Bharat), a coalition of companies in India dedicated to the responsible recycling of PET (Polyethylene Terephthalate) materials, massive investments are at risk as brand owners delay compliance with recycled plastic targets. Despite the Ministry of Environment, Forest and Climate Change (MoEFCC) mandating the use of 30 per cent recycled content in rigid Category-1 PET packaging used by beverage companies - effective from April 1, 2025, brand owners are delaying compliance, citing PWM Rules. The MoEFCC's proposed amendment, issued on June 3, 2025, allows brand owners to carry forward shortfalls in meeting the 30 per cent r-PET target for food contact applications for 2025-26 over the next three years. This leeway, according to industry insiders, has emboldened some brand owners to assume an eventual rollback or relaxation of the target, resulting in delayed or avoided purchase of r-PET. The r-PET industry has so far invested an estimated ₹ 7,500-8,000 crore, with a total planned capacity of 4 lakh metric tonnes, of which 1.5 lakh MT is already operational and FSSAI-authorised, and another 1.5 lakh MT scheduled to become FSSAI authorised soon. Industry voices warn that this disconnect between policy intention and ground-level implementation may undo years of progress and jeopardize India's international climate and sustainability commitments. "Recyclers have taken bold steps, investing in world-class food-grade compliant r-PET plants. But if enforcement remains weak and brand owners keep defaulting, we fear the entire circular economy framework could collapse, in similar lines to what is happening in EU Nations," Shailendra Singh, Director General, APR (Association of PET Recyclers), Bharat, said. As India positions itself as a global champion of sustainable development, the disconnect between regulatory ambitions and on-ground reality now poses a serious threat to the credibility of its green transition narrative.
Yahoo
15-07-2025
- Business
- Yahoo
[Latest] Global Recycled Ocean Plastics Market Size/Share Worth USD 3.50 Billion by 2034 at a 6.81% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT Analysis)
[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Recycled Ocean Plastics Market size & share revenue was valued at approximately USD 1.82 Billion in 2024 and is expected to reach USD 1.93 Billion in 2025 and is expected to reach around USD 3.50 Billion by 2034, at a CAGR of 6.81% between 2025 and 2034. The key market players listed in the report with their sales, revenues and strategies are Ocean Plastic Technologies, United By Blue, Patagonia Inc., 4Ocean, Textil Santanderina, SEAQUAL INITIATIVE, Waterhaul, BIONIC, Bureo, Aquafil S.p.A., Tide Ocean S.A., Plastix, POPSICASE, Parley and others. Austin, TX, USA, July 15, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled 'Recycled Ocean Plastic Market Size, Trends and Insights By Source (Bottles, Fibers, Foams, Others), By Polymer Type (Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polyurethane (PUR)), By Industry (Packaging, Building & Construction, Automotive, Furniture, Aerospace and Defence), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034' in its research database. 'According to the latest research study, the demand of global Recycled Ocean Plastics Market size & share was valued at approximately USD 1.82 Billion in 2024 and is expected to reach USD 1.93 Billion in 2025 and is expected to reach a value of around USD 3.50 Billion by 2034, at a compound annual growth rate (CAGR) of about 6.81% during the forecast period 2025 to 2034.' Click Here to Access a Free Sample Report of the Global Recycled Ocean Plastics Market @ Overview As per the industry experts at CMI, the global Recycled Ocean Plastic Market is developing strongly with myriad applications for materials that are both sustainable and traceable. Major companies are increasing their capabilities in the collection, processing, and certification of plastic waste retrieved from oceans. In North America, companies are making advancements with AI-based sorting technologies and digital traceability systems. European leaders focus on eco-certifications as well as closed-loop supply chains which support circular economy and climate objectives. From the Asia-Pacific region, there is an increase in recycling infrastructure to satisfy the demand from textile, packaging, consumer goods markets. Sustainability combined with compliance to rules spanning multiple countries fuels innovation across regions. Key Trends & Drivers Rising Environmental Awareness Among Consumers And Brands: Growing global concern over ocean pollution and marine biodiversity loss is pushing both consumers and companies to adopt recycled ocean plastics. People are now more willing to pay for sustainable products, and brands are rebranding themselves as eco-conscious. Right from the start, Nike and Patagonia have been prominently at the forefront of adopting Unifi's Repreve technology between 2022 and 2024. Apparel lines boasting their utilization of ocean-bound recycled polyester were launched by these firms. There is widespread acceptance globally for Adidas' Parley shoes, which were introduced with marine plastic. The 2023 Consumer Report suggested a staggering rise in consumer preference for those goods to be sustainable, standing at 46%. This growing awareness continues to shape brand strategies across industries. Adoption Of Eco-Friendly Materials Accelerated By Corporate Sustainability Goals: Corporate ESG targets have made the use of recycled ocean plastic in manufacturing and procurement strategies more favourable. In June 2025, Swedish textile recycler Syre struck a multi-million-ton supply deal with Gap and Target for marine waste polyester recycled out of nylon. These brands aim to meet net-zero commitments under the Science Based Targets initiatives. Retail history is marked by this deal as it stands as one of the largest ocean plastics retail agreements ever made. From 2023 to 2025, aligned ESG sourcing saw a 37% increase in the textile industry. Companies are embedding metrics linked to sustainability into procurement frameworks. This trend secures long-term demand for inputs that are certified as recycled deep-sea waste plastics designed for offshore certified closed-loop reprocessing systems. Request a Customized Copy of the Recycled Ocean Plastics Market Report @ Global Policy Shifts Are Increasing The Sourcing Contracts For Recycled Plastics: International and ocean plastic policies are. In December 2024, the U.S. government banned single-use plastics in all federal operations. At the same time, Canada and the EU put new bans on non-recyclable and virgin plastic packaging due to Canada's and the EU's legislation in replacing non-recyclable packaging, demand as well as compliance arose. companies resolved their demands by switching to recyclable content, which maintained legal limits. Thus, it triggered explosive growth in Recycled Plastics Sourcing Contracts which is changing the legislative approach to design solutions, such as seeing overall procurement approaches change after that event. Compliance-driven replacements have become the strongest drivers of growth in recycled plastics use. Growth Of Circular Economy Initiatives Across The Globe: The reallocation of resources and focus on recovering ocean plastic is supported by global circular economy initiatives. Recently, major development banks like the European Investment Bank announced plans to fund marine plastic removal infrastructure with USD 3.5 billion. These funds contribute towards regional recycling plants, job creation, and novel sorting technologies. The initiative aims to improve material traceability to support international sustainability targets. This initiative, supported by the UN and World Bank, stretches across Africa, Southeast Asia, and South America which bolsters regional supply chains. Enhanced resource productivity is now a focal point in environmental finance investment strategy. Report Scope Feature of the Report Details Market Size in 2025 USD 1.93 Billion Projected Market Size in 2034 USD 3.50 Billion Market Size in 2024 USD 1.82 Billion CAGR Growth Rate 6.81% CAGR Base Year 2024 Forecast Period 2025-2034 Key Segment By Source, Polymer Type, Industry and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research. (A free sample of the Recycled Ocean Plastics report is available upon request; please contact us for more information.) Our Free Sample Report Consists of the following: Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report. The COVID-19 Pandemic Outbreak Impact Analysis is included in the package. About 220+ Pages Research Report (Including Recent Research) Provide detailed chapter-by-chapter guidance on the Request. Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2025 Includes Tables and figures have been updated. The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis Custom Market Insights (CMI) research methodology (Please note that the sample of the Recycled Ocean Plastics report has been modified to include the COVID-19 impact study prior to delivery.) Request a Customized Copy of the Recycled Ocean Plastics Market Report @ SWOT Analysis Strengths: Recycled ocean plastic offers strong environmental appeal by addressing marine pollution while promoting circular economy practices. It aligns with growing consumer and corporate demand for sustainable materials. Companies benefit from positive brand image and regulatory incentives tied to eco-friendly sourcing. Technological advancements in sorting and processing have improved the material's quality and scalability. Brands like Adidas, Patagonia, and Dell have successfully incorporated it into premium products. These factors position recycled ocean plastic as a high-impact, value-driven material in global markets. Weaknesses: Despite its benefits, recycled ocean plastic often suffers from contamination, degradation, and high collection costs. Material inconsistency makes it less suitable for some industrial applications. Complex logistics and manual sorting limit scalability, especially in regions with poor waste infrastructure. Certification processes and traceability systems are expensive and time-consuming. There's also a limited supply of ocean plastic relative to global demand for recycled materials. These weaknesses can hinder adoption unless addressed by technological and policy support. Opportunities: Rising global awareness of ocean pollution is creating vast opportunities for recycled marine plastic across sectors like packaging, textiles, automotive, and furniture. Government regulations on single-use plastics and mandates for recycled content open new markets. Technological innovations like AI sorting, chemical recycling, and blockchain traceability can improve efficiency and transparency. Partnerships with coastal communities and NGOs can expand collection capacity. Corporate ESG goals are fueling demand for verified sustainable materials. These trends collectively support long-term market growth. Threats: The recycled ocean plastic market faces threats from greenwashing, lack of global recycling standards, and competition from other sustainable materials like bioplastics. Market dependency on voluntary clean-up initiatives can make supply unpredictable. Rising raw material costs and economic instability may discourage investment in recycling infrastructure. Limited public awareness in developing regions slows adoption. Regulatory changes or trade restrictions could also affect cross-border plastic waste flows. We must mitigate these threats through policy, innovation, and public education. Request a Customized Copy of the Recycled Ocean Plastics Market Report @ Key questions answered in this report: What is the size of the Recycled Ocean Plastics market and what is its expected growth rate? What are the primary driving factors that push the Recycled Ocean Plastics market forward? What are the Recycled Ocean Plastics Industry's top companies? What are the different categories that the Recycled Ocean Plastics Market caters to? What will be the fastest-growing segment or region? In the value chain, what role do essential players play? What is the procedure for getting a free copy of the Recycled Ocean Plastics market sample report and company profiles? Key Offerings: Market Share, Size & Forecast by Revenue | 2025−2034 Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions Competitive Landscape – Top Key Vendors and Other Prominent Vendors Buy this Premium Recycled Ocean Plastics Research Report | Fast Delivery Available - [220+ Pages] @ Regional Perspective The Recyled Ocean Plastics Market can be divided across different regions such as North America, Europe, Asia-Pacific, and LAMEA. This is a cursory overview of each region: North America: Including the United States, Canada, Mexico and nearby countries, North America is a mature market for recycled ocean plastics driven by political intervention and sustainability frameworks from corporations. Both U.S. and Canadian industries are at the forefront of adopting packaging and consumer goods integration with ocean plastics while Mexico improves its infrastructure for collection systems in a timely manner. The United States EPA has legally mandated 30% recycled content in Federal procurement of plastic products which will go into effect in July of 2024. Canada sponsored EPR frameworks in 2023 mandating brands to cover costs for recycling ocean plastics which drove them to co-sponsor legislation concerning EPR systems for recycling plastic waste as well. Pilot projects for coastal clean-up zones aim to prevent plastic pollution into waterways around Mexico by 2025. These initiatives focus more on policy rather than strategy to gain scale within markets or sustain regional supply chains. Furthermore, these regions intend to enhance investment in digital traceability alongside recovery networks that span across borders. Europe: Germany, France, the UK, Italy, Spain, Netherlands and Russia make up Europe which has been leading in the global market for ocean plastics due to their robust policies focusing on circular economies. European wide policies like PPWR and the Green Deal set limitations on providing minimum recycled content as well as funding recovery of ocean plastics. The Netherlands was set to spend USD 0.2B in chemical recycling facilities for ocean plastics by march 2025. Moreover, Germany's 2023 mandate resulted in 20% ocean plastic incorporation into industrial goods. While France had incorporated recycled plastics to public infrastructure by mid-2022, the UK expanded caps-on-bottle collection through EPR in 2024. Western Europe leads these trends for supply chain accountability and eco-certifications. It is thus conclusive that Europe stands out as a hub of innovation and policy on the entire value chain of recycled ocean plastic. Asia Pacific: This region with China, India, Japan, South Korea, Australia and Taiwan is one of the leading culprits and is also emerging as a leader in recovering ocean plastics. Countries such as Japan and South Korea are concentrating on advanced sorting and chemical recycling while India and Southeast Asia focus more on expanding collection networks. In June 2025, China initiated a project to establish coastal plastic recycling hubs with an investment of USD 0.013 billion. India incorporated ocean plastics into the framework of Swachh Bharat waste management clusters in 2023. In 2024, Japan demonstrated reuse diversification by using marine plastics in school uniforms. Through its ReMade in Australia campaign of 2024 Australia has comprehensive national goals. A mix of innovation and regulation along with scale public-private collaboration defines the region's approaches to tackling issues. LAMEA: Inclusive of Brazil, countries from the Middle East and African economies make up LAMEA. This region demonstrates a growing commitment to ocean plastic recovery, although infrastructural challenges remain. Brazil is a leader in the region with its community-based coastal collections and federal program supporting 50 new recovery hubs by 2025. In 2023, the UAE initiated the first PET chemical recycling plant for ocean bound plastic waste in the Middle East. Efforts are being made across Africa as well, including South Africa's 2022 pledge of a national target of 35% plastic recycling by 2025. Recovery approaches largely utilize public-private partnerships or are led by non-governmental organizations. Regardless of inequitable policy implementation frameworks, this area through grassroots innovations is advancing towards meeting objectives. Investment from global sustainability funds is also increasing across LAMEA. These strategies are steadily enhancing the capacity of the region in the global ocean plastic market. Request a Customized Copy of the Recycled Ocean Plastics Market Report @ (We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.) Still, Looking for More Information? Do OR Want Data for Inclusion in magazines, case studies, research papers, or Media? Email Directly Here with Detail Information: support@ Browse the full 'Recycled Ocean Plastic Market Size, Trends and Insights By Source (Bottles, Fibers, Foams, Others), By Polymer Type (Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polyurethane (PUR)), By Industry (Packaging, Building & Construction, Automotive, Furniture, Aerospace and Defence), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034' Report at The following is a list of the prominent players in the Recycled Ocean Plastic Market: Ocean Plastic Technologies United By Blue Patagonia Inc. 4Ocean Textil Santanderina SEAQUAL INITIATIVE Waterhaul BIONIC Bureo Aquafil S.p.A. Tide Ocean S.A. Plastix POPSICASE Parley Others Click Here to Access a Free Sample Report of the Global Recycled Ocean Plastics Market @ Spectacular Deals Comprehensive coverage Maximum number of market tables and figures The subscription-based option is offered. Best price guarantee Free 35% or 60 hours of customization. Free post-sale service assistance. 25% discount on your next purchase. Service guarantees are available. Personalized market brief by author. Browse More Related Reports: Ethylene Acrylic Acid Copolymer Market: Ethylene Acrylic Acid Copolymer Market Size, Trends and Insights By Type (20wt% Comonomers, 9wt% Comonomers, 5wt% Comonomers), By Application (Adhesives, Barrier Coatings, Inks), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034 Automotive Plastic Compounding Market: Automotive Plastic Compounding Market Size, Trends and Insights By Type (Polypropylene (PP), Polyethylene (PE), ABS, Nylon 6, Nylon 66, Thermoplastic Elastomers(TPE), Styrene acrylonitrile(SAN), Others), By Application (Interior, Exterior, Under the Hood, Structural Parts, Electrical Components & Lighting, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034 Aluminium & Copper Finished Products Market: Aluminium & Copper Finished Products Market Size, Trends and Insights By Product Type (Enamel Copper Winding Wire, Enamel Aluminium Winding Wire, Enamel Copper Strip, Enamel Aluminium Strip, Paper Covered Copper Conductors, Paper Covered Aluminium Conductors, Bare Copper Conductors, Bunch Copper Conductors, Copper PV Ribbon (Interconnect Ribbon), Aluminium PV Ribbon (Interconnect Ribbon), Copper Solar PVC Cables, Aluminium Solar PVC Cables, Copper Industrial Cables, Aluminium Industrial Cables, Multi Paper Covered Copper Cables, Copper Bus Bar, Copper Foil, Copper Continuous Transposed Conductors (CTC), Aluminium Continuous Transposed Conductors (CTC)), By End-use Industry Analysis (Electrical Equipment & Appliances, Power Transmission & Distribution, Automotive Industry, Renewable Energy, Electronics and Telecommunications, Industrial Machinery, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034 Industrial Lubricant Market: Industrial Lubricant Market Size, Trends and Insights By Type (Conventional, Synthetic, Bio-based/re-refined., Others), By Application (Manufacturing, Transportation Equipment, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034 US Masterbatch Market: US Masterbatch Market Size, Trends and Insights By Type (White, Black, Color, Additive, Others), By End Use Industry (Packaging, Consumer Goods, Building & Construction, Agriculture, Automotive, Others), By Polymer (Polypropylene (PP), Polyethylene (PE), Polyvinyl Chloride (PVC), Others), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034 Commercial Single-ply Membrane Market: Commercial Single-ply Membrane Market Size, Trends and Insights By Membrane Type (Thermoplastic, TPO, PVC, Others), By Application (Industrial, Commercial, Residential, Institutional), By Installation (Mechanically Attached System, Fully Adhered System, Induction-Welded Roof Installation System), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034 Isoprene Rubber Latex Market: Isoprene Rubber Latex Market Size, Trends and Insights By End-use Industry (Medical, Consumer Goods, Industrial), By Application (Medical Gloves, Condoms, Medical Balloons, Catheters, Adhesives), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034 Synthetic Polyisoprene Rubber Market: Synthetic Polyisoprene Rubber Market Size, Trends and Insights By Product Type (Standard Synthetic Polyisoprene Rubber, High-Purity Synthetic Polyisoprene Rubber, Reinforced Synthetic Polyisoprene Rubber), By Application (Tires, Medical Industry, Consumer Goods, Adhesives and Sealants, Packaging Industry, Textiles and Footwear, Industrial Equipment & Machinery), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034 The Recycled Ocean Plastic Market is segmented as follows: By Source Bottles Fibers Foams Others By Polymer Type Polyethylene Terephthalate (PET) High-Density Polyethylene (HDPE) Low-Density Polyethylene (LDPE) Polyurethane (PUR) By Industry Packaging Building & Construction Automotive Furniture Aerospace and Defence Click Here to Get a Free Sample Report of the Global Recycled Ocean Plastics Market @ Regional Coverage: North America U.S. Canada Mexico Rest of North America Europe Germany France U.K. Russia Italy Spain Netherlands Rest of Europe Asia Pacific China Japan India New Zealand Australia South Korea Taiwan Rest of Asia Pacific The Middle East & Africa Saudi Arabia UAE Egypt Kuwait South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America This Recycled Ocean Plastics Market Research/Analysis Report Contains Answers to the following Questions. Which Trends Are Causing These Developments? Who Are the Global Key Players in This Recycled Ocean Plastics Market? What are Their Company Profile, Product Information, and Contact Information? What Was the Global Market Status of the Recycled Ocean Plastics Market? What Was the Capacity, Production Value, Cost and PROFIT of the Recycled Ocean Plastics Market? What Is the Current Market Status of the Recycled Ocean Plastics Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Recycled Ocean Plastics Market by Considering Applications and Types? What Are Projections of the Global Recycled Ocean Plastics Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports? What Is Recycled Ocean Plastics Market Chain Analysis by Upstream Raw Materials and Downstream Industry? What Is the Economic Impact On Recycled Ocean Plastics Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends? What Are Market Dynamics of Recycled Ocean Plastics Market? What Are Challenges and Opportunities? What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Recycled Ocean Plastics Industry? Click Here to Access a Free Sample Report of the Global Recycled Ocean Plastics Market @ Reasons to Purchase Recycled Ocean Plastics Market Report Recycled Ocean Plastics Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors. Recycled Ocean Plastics Market report outlines market value (USD) data for each segment and sub-segment. This report indicates the region and segment expected to witness the fastest growth and dominate the market. Recycled Ocean Plastics Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region. The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled. Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players. The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions. Recycled Ocean Plastics Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain. Reasons for the Research Report The study provides a thorough overview of the global Recycled Ocean Plastics market. Compare your performance to that of the market as a whole. Aim to maintain competitiveness while innovations from established key players fuel market growth. Buy this Premium Recycled Ocean Plastics Research Report | Fast Delivery Available - [220+ Pages] @ What does the report include? Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Recycled Ocean Plastics market analysis. The competitive environment of current and potential participants in the Recycled Ocean Plastics market is covered in the report, as well as those companies' strategic product development ambitions. According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions. For each segment mentioned above, actual market sizes and forecasts have been given. Who should buy this report? Participants and stakeholders worldwide Recycled Ocean Plastics market should find this report useful. The research will be useful to all market participants in the Recycled Ocean Plastics industry. Managers in the Recycled Ocean Plastics sector are interested in publishing up-to-date and projected data about the worldwide Recycled Ocean Plastics market. Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Recycled Ocean Plastics products' market trends. Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. Request a Customized Copy of the Recycled Ocean Plastics Market Report @ About Custom Market Insights: Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work toward achieving sustainable growth in their respective domains. CMI offers a comprehensive solution, from data collection to investment advice. Our company's expert analysis digs out essential factors that help us understand the significance and impact of market dynamics. The professional experts utilize client insights to inform strategies for estimating future declines, forecasting opportunities for growth, and conducting consumer surveys. 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Yahoo
09-07-2025
- Health
- Yahoo
InspireMD Announces U.S. Commercial Launch of CGuard® Prime Carotid Stent System for the Prevention of Stroke
MIAMI, July 09, 2025 (GLOBE NEWSWIRE) -- InspireMD, Inc. (Nasdaq: NSPR), developer of the CGuard Prime carotid stent system for the prevention of stroke, today announced the official commercial launch of the CGuard Prime carotid stent system in the U.S., following its premarket application (PMA) approval from the U.S. Food and Drug Administration (FDA). The CGuard Prime was engineered specifically to minimize both early and late embolism risk by effectively trapping potential emboli against the arterial wall while preserving external carotid artery perfusion. This innovative device features three key advantages: First, a dual layer design that combines the largest open-cell frame with the smallest mesh pore size available. Second, the MicroNet™, a bio-stable mesh crafted from a single 20 μm Polyethylene Terephthalate (PET) strand that traps and seals thrombus and plaque against the vessel wall to prevent embolization. Third, SmartFit™ technology eliminates the need for tapered versions while ensuring precise vessel wall apposition. 'Our U.S. commercial launch marks a pivotal milestone in InspireMD's expansion history, having already secured double-digit market share across more than 30 countries,' said Marvin Slosman, Chief Executive Officer of InspireMD. 'We've spent the past year meticulously preparing for this moment, assembling a world-class commercial team comprised of industry veterans with deep expertise and longstanding relationships. Backed by this all-star team and a robust operational infrastructure, we are poised to execute a highly impactful U.S. launch. We're incredibly grateful to everyone who contributed to making this possible and couldn't be more excited about the road ahead.' 'Treating patients with the CGuard Prime system is incredibly meaningful, both personally, for the advancement of innovation at OhioHealth, and for the field of carotid intervention as a whole,' said Dr. D. Chris Metzger, System Vascular Chief at OhioHealth. 'CGuard's unique design makes a real difference in addressing the complexities of carotid artery disease, offering enhanced embolic protection without compromising deliverability. My experience using the system—both in clinical trials and now in practice—reinforces how much demand there is for safer, less invasive alternatives, particularly for patients at higher risk of stroke. This technology represents an important advancement in how we approach stroke prevention in the U.S.' 'Our team at Ballad Health is thrilled to have contributed to the journey of this novel next generation carotid device. From initiating the first C-GUARDIANS enrollments in 2021 and leading enrollment throughout the trial to supporting the first commercial case by Dr. Chris Metzger, we have been a crucial contributor to the full life cycle of this technology to date. Our efforts reflect the commitment of the Ballad Health System to advancing innovation to improve patient care and offering the latest in medical breakthrough technologies,' shared Alan Levine, Chairman and CEO, Ballad Health. About CGuard PrimeThe CGuard Prime Carotid Stent System is a novel mesh-covered carotid stent designed to improve patient safety through sustained embolic protection. CGuard Prime combines the largest open-cell frame of available carotid stents with the smallest mesh pore size, preventing plaque protrusion through the stent, for lasting embolic protection demonstrated beyond five years. About InspireMD, seeks to utilize its proprietary MicroNet mesh technology to make its products the industry standard for carotid stenting by providing outstanding acute results and durable, stroke-free long-term outcomes. InspireMD's common stock is quoted on Nasdaq under the ticker symbol NSPR. We routinely post information that may be important to investors on our website. For more information, please visit Forward Looking Statements This press release contains 'forward-looking statements.' Forward-looking statements include, but are not limited to, statements regarding InspireMD or its management team's expectations, hopes, beliefs, intentions or strategies regarding future events, future financial performance, strategies, expectations, competitive environment and regulation, including potential U.S. commercial launch and expectations regarding the exercise of any warrants. Such statements may be preceded by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential', 'scheduled' or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the company's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with our history of recurring losses and negative cash flows from operating activities; substantial doubt about our ability to continue as a going concern; significant future commitments and the uncertainty regarding the adequacy of our liquidity to pursue our complete business objectives; our need to raise additional capital to meet our business requirements in the future and such capital raising may be costly or difficult to obtain and could dilute out stockholders' ownership interests; market acceptance of our products; an inability to secure and maintain regulatory approvals for the sale of our products; negative clinical trial results or lengthy product delays in key markets; our ability to maintain compliance with the Nasdaq listing standards; our ability to generate revenues from our products and obtain and maintain regulatory approvals for our products; our ability to adequately protect our intellectual property; our dependence on a single manufacturing facility and our ability to comply with stringent manufacturing quality standards and to increase production as necessary; the risk that the data collected from our current and planned clinical trials may not be sufficient to demonstrate that our technology is an attractive alternative to other procedures and products; intense competition in our industry, with competitors having substantially greater financial, technological, research and development, regulatory and clinical, manufacturing, marketing and sales, distribution and personnel resources than we do; entry of new competitors and products and potential technological obsolescence of our products; inability to carry out research, development and commercialization plans; loss of a key customer or supplier; technical problems with our research and products and potential product liability claims; product malfunctions; price increases for supplies and components; insufficient or inadequate reimbursement by governmental and other third-party payers for our products; our efforts to successfully obtain and maintain intellectual property protection covering our products, which may not be successful; adverse federal, state and local government regulation, in the United States, Europe or Israel and other foreign jurisdictions; the fact that we conduct business in multiple foreign jurisdictions, exposing us to foreign currency exchange rate fluctuations, logistical and communications challenges, burdens and costs of compliance with foreign laws and political and economic instability in each jurisdiction; the escalation of hostilities in Israel, which could impair our ability to manufacture our products; and current or future unfavorable economic and market conditions and adverse developments with respect to financial institutions and associated liquidity risk. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's web site at The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise. Investor Contacts:Webb CampbellGilmartin Group LLCwebb@ investor-relations@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
