The global market of PET Bottle Recycling is growing rapidly and focusing on scrap recycling. Such recycling system accounts for features such as it reuse, reduced waste and can again use in Organizations. Recycling plastic bottles also helps conserve natural resources, especially oil, which is a non-renewable natural resource available in restricted supply. PET can be recovered and recycled repeatedly by washing and remelting for use in new PET products or it can be chemically broken down into its constituent raw materials and then purified and converted into new PET. Government is also adopting various initiatives for recycling plastic bottles.
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Key Players of PET Bottle Recycling Market:
- Advanced Environmental Recycling Technologies, Inc.(U.S.)
- Avangard Innovative (U.S.)
- Phoenix Technologies International LLC (U.S.)
- UltrePET LLC (U.S.)
- Evergreen Plastics Ltd (U.S.)
- Complete Recycling (U.S.)
- ECO2 Plastics Inc (U.S.)
- Worldwide Recycler Services, LLC (U.S.)
- Kuusakoski Oy (Finland)
- PlasticsEurope (Belgium)
Market Research Future Analysis:
Market Research Future analysis show that the global market of PET bottle recycling market is estimated to grow at faster pace.
Plastic bottle recycling helps reduce carbon dioxide emission and the quantity of waste. Moreover, proper and efficient plastic recycling helps mitigate various environmental threats such as global warming, ozone layer depletion and helps boost the market. Europe is leading the market of PET bottle recycling while North America and Asia-Pacific are expected to grow rapidly. Factors such as environmental issues and improved quality of recycled products are expected to contribute towards the growth of global PET bottle recycling market. PET is considered as cheaper than HDPE. European packaging makers and brand owners, especially in France, are replacing HDPE with PET in some applications. Moreover, North America continuously looks for ways to make recycling more effective and comprehensive. Moreover, growing emphasis on sustainability, improvements in processing and a broader variety of PET recycled products into high quality resins are the major factors, driving the market of PET bottle recycling in North America.
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global PET Bottle Recycling Market, By Process
5 Global PET Bottle Recycling Market, By Application
5.2 Food & Beverages
5.3 Personal Care
5.5 Consumer goods
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