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Recycled PET Market | Global Industry Report, 2031 Price Fall of VPET Affects Demand for Recycled PET during COVID-19 The coronavirus pandemic has sent a shockwave through the plastic recycling industry. Even after a year of the pandemic, frequent curfews, lockdowns, industry closures, and sudden shifts in product demand are influencing the growth of the recycled PET market. Moreover, the price fall of virgin plastic or VPET (Polyethylene Terephthalate) is predicted to lower the demand for RPET (recycled PET). This has altered production activities catering to sheet or thermoform for manufacturers in the U.S., South America, and Europe switching to VPET instead of RPET.
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