The present invention is in related to a method for recycling a waste polyester material, more particularly to a method for recycling the waste polyester material through a chemical way to produce DMT. It belongs to the technical field of recycling and utilization of waste polyester materials. The present invention adopts the technology of continuous feeding and continuous alcoholysis, so that the material undergoes homogeneous alcoholysis in a melting state, and the required alcoholysis time is short. Two or more alcoholysis tanks are used in series for continuous alcoholysis. The product quality is stable. At the same time, due to the optimization of the amount of EG in the alcoholysis process, distillation and concentration are not required after the alcoholysis step is completed. The alcoholysis product is directly entered into the transesterification tank for the transesterification reaction, and pure DMT products can then be generated.