According to CITIC Securities' analysis, the dual forces of policy mandates and brands' emphasis on ESG (Environmental, Social, and Governance) criteria are propelling the recycled PET (rPET) industry towards unprecedented growth. Projections suggest that global demand for rPET will surge to 27.35 million tons by 2030. However, the prevailing physical recycling approach grapples with constraints such as limited raw material availability—primarily sourced from waste bottle flakes—and product degradation, which diminish its value-added potential. The resolution to this dilemma lies in advancements in chemical and enzymatic technologies. These innovative methods offer a broader spectrum of raw material compatibility and boast conversion rates that are 10-25% higher. The superior quality of rPET products manufactured through these processes is poised to unlock a ten-million-ton incremental market, commanding a green premium ranging from 10% to 35%. Consequently, the profit margin per ton of rPET is anticipated to reach RMB 3,500-4,000. As such, companies specializing in chemical or enzymatic technologies are poised to secure a pioneering edge in this burgeoning market.