According to the survey data, the global recycled PET market is expected to grow at a CAGR of 8% by the end of 2031 to a total value of $4.2 billion as consumer preference for sustainable and recyclable products continues to grow.
Coca-Cola says its plastic bottles are made from an average of 25 percent rPET and 75 percent virgin PET, and it aims to be 50 percent recyclable by 2030.
From September 2021, Coca-Cola UK will convert all of its in-use bottles to 100% recyclable PET. The move will mean that all beverage bottles of 500ml or less, including Coca-Cola Original, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Dr. Pepper and more, will be made from 100% recycled PET and will be sold in Full recycling in the UK by September.
The packaging shift will apply to all bottles of 500ml capacity or less, saving an estimated 29,000 metric tonnes of virgin plastic annually, the equivalent of 2,292 double-decker buses. All Coca-Cola PET (rPET) bottles are recyclable.
At present, plastics account for 50% of PepsiCo's food and beverage packaging materials, and PepsiCo admits that only 14% of the world's plastics are recycled. So next, PepsiCo will recycle plastic bottles into new product production and reduce the use of virgin PET by 35%. For example, PepsiCo transitioned its premium LIFEWTR water brand to 100% rPET in the US in 2020.
For Nestlé Waters, tackling the problem of plastic waste is one of the most critical tasks. “The majority of packaging in Nestlé’s water business is already 100% recyclable or reusable. Building on this, we are committed to making up 50% of PET packaging used globally by 2025, and supporting the development of alternative distribution systems. Promote use," the company said.
In addition, Nestlé's division that sells products such as Biley mineral water and San Pellegrino is also expanding its partnership with supplier Plstrec. By partnering with other suppliers, Nestlé will nearly triple the use of food-grade recycled plastics such as rPET in less than three years.
Danone has announced that by 2025 its packaging will be made from 100 percent recyclable, reusable or compostable materials, and is trying to help develop recycling infrastructure to increase recycling rates.
The Evian brand, owned by Danone, has pledged to use 100% rPET plastic for all plastic bottles by 2025. Currently, Danone uses approximately 14% rPET in the packaging of its drinking water and other beverage products. Now Danone hopes to increase the use of recycled PET packaging to 50% by 2025