PET is one of the most widely used plastics in food containers and beverages such as bottles or tableware. And PET is also one of the most widely recycled plastics. rPET（Recycled Polyethylene Terephthalate）is a product by recycling PET which is the most common applicated in clothing. During the development of rPET technology and the emphasis on eco-environmental in recent years, rPET has set off a trend in Europe and America.
In terms of policy, the European Union has promulgated the prohibition about selling and using the disposable plastic products such as tableware, cups and plates, etc. starting from July 2021. And the European Union is gradually expanding the scope of plastic reduction to achieve at least 25% usage rate of recycled plastic by 2025. In addition, many major brands in the United States have also added regulations requiring the use of recycled plastics. Such as Coca-Cola company, it expects to sell in every beverage bottle containing 50% recycled content by 2030. It's the same situation about increasing to use recycled plastics in other countries. Canada will ban a part of disposable plastic products by 2022, and other countries such as New Zealand and China also plan the restriction by 2025.
In terms of economy and production, the demand for rPET has risen in response to the plastic restriction policies of single-use plastic products in various countries. According to Grand View Research, the global rPET market has reached 8.56 billion U.S. dollars in the 2020. The compound annual growth rate (CAGR) will reach 6.7% from 2021 to 2028.
Therefore, Yaopack which manufactures plastic food containers in Taiwan are plan to use 70-80% of recycled plastics in the food containers. It is not only to keep up with advanced countries such as Europe and the United States, but also for the future development of sustainable operations.
Reference resources：https://www.grandviewresearch.com/industry-analysis/recycled-polyethylene-terephthalate-pet-market
