The project report includes Present Market Position and Expected Future Demand, Market Size, Statistics, Trends, SWOT Analysis and Forecasts. Report provides a comprehensive analysis from industry covering detailed reporting and evaluates the position of the industry by providing insights to the SWOT analysis of the industry.
Poly-Ethylene Terephthalate (PET) is one of the most widely used plastics today. PET bottles are ubiquitous in our day-to-day lives–one has to just look around to spot a PET bottle containing mineral water or soft drink or used for other applications. PET bottles, post use, still carry a lot of value, and recycled PET (r-PET) can be used in a wide variety of applications. This makes post-consumer PET bottles a very sought after item by waste collectors. Discarded PET bottles fetch waste collectors Rs. 20-25/kg. These bottles are bought by kabadiwallahs or waste traders, who employ people to segregate, sort and further sell it to large vendors or recyclers. The caps, neck rings, labels (non-PET components) are removed, and the bottles are shredded, washed, and sold as what is called ‘washed flakes’. These washed flakes are then used to make (predominantly) polyester fiber, which is used as filling material for cushions, pillows, and converted to fabrics for use in clothing, upholstery, etc. These end products
sell at anywhere between Rs. 50-60/kg; the market for r-PET products is quite large. There are 40+ large manufacturers across India who uses r-PET as raw material. The PET recycling business can be estimated (roughly) to be around Rs. 5,000- 10,000 crore in a given year in India.
PET Recycling
Discarded PET bottles are collected, sorted, cleaned, shredded, and made into ‘washed flakes,’ which are then used to produce a variety of products, starting from polyester fiber, which is used for a variety of applications like filling material for cushions, pillows, and converted to fabrics for use in clothing, upholstery, etc. Recycled PET (a small percentage) is also used for the manufacture of PET straps, monoYarn, sheets etc.
Value Chain of PET Recycling
There are a large number of people involved in the PET recycling business, starting from the waste collectors and kabadiwallahs to the small and medium traders, recyclers, and manufacturers who use recycled PET for various products. The chart above provides a simplistic illustration of the participants in the PET recycling business in India.
Recycled PET (washed flakes from post-consumer PET bottles) are used for making any of the following products.
• Fiber fill denotes applications where short fibers are used to fill cushions, pillows etc.
• Polyester Staple Fiber (PSF) is further used in making a wide range of fabrics (clothing, upholstery etc.)
• POY (partially oriented yarn)/PTY is another type of polyester yarn that is used to produce texturized yarn that goes into making fabrics.
Polyester Texturized Yarn is one of the products from the scrap of PET bottles as value addition product.
Polyester fibre is one of the most used commercial fibres across the world. These are strong synthetic fibres made by blending the alcohol and acid and initiating a chain reaction. Strong and big molecules are generated in this reaction with repetitive structure. Yarns are commercially used interlocked fibres of continuous length majorly used for weaving and knitting. The Polyester Yarn is one of the finest and synthetic yarns that are used for various purposes like Embroidery, sewing, knitting, weaving and so forth. Such yarns are also called PY. Such yarns are created when MEG and PTA are spun directly. The Polyester yarns brought a revolution in the global textile industry.
There are basically three types of Polyester yarns:
Polyester Yarns – These are hugely demanded yarns in the global market made from PET Polyester. The PET Polyester is also called Polyethylene Terephthalate. These yarns are immensely used in the modern fibre manufacturing industries. PY is strong and compelling. These are used in both the multi yarn and mono yarn forms. PY has a selection of qualities, High tenacity PY are used for making light fabrics like organdie and voile while the regular tenacity PY is used to make lingerie while the low tenacity or duller version of PY are used to make blouse and shirts.
Spun Yarns – Created by using PCDT or cut PET, Spun yarns are a popular Polyester yarn type. The polyester fibres are spun together to create spun yarns. Such yarns are primarily used for the purposes like knitting and weaving. The use of spun yarn can also be seen in consumer fabrics, embroidery and home furnishings.
Textured Yarns – It is created by twisting and drawing of polyester POY. The PET multi yarn is used in its creation.
The global Polyester Yarn market size is expected to gain market growth in the forecast period of 2021 to 2025, with a CAGR of 7.4% in the forecast period of 2021 to 2025 and will expected to reach USD 110580 million by 2025, from USD 83210 million.
It is intended to prepare a Feasibility Report to install a Polyester Texturized Yarn production facility with a capacity of 6000 MT per year as a Green Field Project.
