PET Bottle Recycling Market – Overview
The surging waste levels globally have a huge portion of PET packaging materials, which are inspiring moves to improve their recycling procedures. Reports that scrutinize the packaging and transport industry has been offered by Market Research Future, which generates reports on industry verticals that judge the market development and possibilities. A 5.28 % CAGR is expected to direct the development of the market in the future.
The relatively low cost of procurement had contributed to the rapid adoption of PET material in various packaging applications, which is a key reason adding to the rules being established to improve PET bottle recycling methods. The rising level of environmentally conscious consumers is expected to push the development of the PET bottle recycling market around the world.
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The structuring of the global economies has further deepened the development of the market. The improvements in the production quality are creating a healthy atmosphere for the growth of the market. The increased diversification of the market players has laid down a solid foundation for the growth of the market. The development of modern practices in the production and selling of the goods is motivating the market towards realizing its goals. The relative ease in securing investment is expected to guide the progress of the market in the approaching period. The governments around the world are also playing their role to ensure the excellent development of the market. The need to mitigate risks is expected to influence development in the market on the whole. The strengthening of the distribution channel is expected to create further impetus of the market’s growth.
CarbonLITE Industries, Krones Ag, Plastipak Holdings, Inc., Phoenix Technologies, Clear Path Recycling, Indorama Ventures Public Company Limited, Schoeller Group, UltrePET, LLC, PFR Nord GmbH, and PolyQuest are the remarkable companies functioning in the PET bottle recycling market.
The segmental review of the PET bottle recycling market has been carried out on the basis of the application, recycling process, and region. On the basis of recycling processes, the PET bottle recycling market is segmented into chemical and mechanical. Additionally, the chemical recycling process of PET bottles is additionally segmented into hydrolysis, methanolysis, glycolysis, and other processes. On the basis of applications, the PET bottle recycling market has been segmented into consumer goods, personal care, beverages, pharmaceuticals, and others. On the basis of regions, the PET bottle recycling market has been segmented into Europe, North America, APAC and other regions of the world.
Detailed Regional Analysis
The regional overview of the PET bottle recycling market includes regions such as Europe, North America, APAC and other regions of the world. The PET bottle recycling market in the Americas has acquired a bulk share of the market and is narrowly followed by the European and the Asia Pacific region. These regions are close in terms of market value. The region’s pronounced consumption of PET plastics coupled with the incidence of progressive recycling technology, and growing awareness concerning recycling is anticipated to motivate the market. Rapid economic progress and the occurrence of a huge and increasing population is increasing the generation of plastic waste that is resulting in various policies and regulations in the pursuit of environmental protection and good waste management practices. The administrations in the region are also levying various rules related to waste management, which is motivating the advance of the PET bottle recycling market in the Americas region. The growing volume of recyclable plastic waste and the progressively strict imposition of regulations with respect to waste management is expected to inspire market progress. Furthermore, several European government bodies in this region are keenly growing awareness concerning recycling amongst consumers.
MRFR’s research process adheres to industry-specific standards which meet the diverse needs of the clients. MRFR adopts a robust research approach which ensures a deeper level of understanding of the market. A skilled team of analysts compiles reports using both primary and secondary research methods. Primary research method includes information collected from experts, consumers, and other key level participants across the value chain through which valuable information is collected which otherwise would be difficult to obtain through secondary research. Secondary research process gathers data from information available on public domain such as annual reports, SEC filings, paid databases, whitepaper, and others. Analysts visualize gathered data to provide in-depth attributions regarding the market. Evaluation of the market size is done through the top-down and bottom-up approach.
Table of Contents
1 Executive Summary
2 Market Introduction
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
2.5 Key Takeaways
2.6 Macro Factor Indicators Analysis
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
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List of Tables
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Macro Indicators Influencing the Global Pet Bottle Recycling Market for Top 5 Countries
Table 4 Global Pet Bottle Recycling Market, by Recycling Process, 2016–2023 (Usd Million)
Table 5 Global Pet Bottle Recycling Market, by Application, 2016–2023 (Usd Million)
Table 6 Global Pet Bottle Recycling Market, by Region, 2016-2023 (Usd Million)
Table 7 Americas: Pet Bottle Recycling Market, by Country, 2016–2023 (Usd Million)
List of Figures
Figure 1 Global Pet Bottle Recycling Market: Market Structure
Figure 2 Key Takeaways From the Global Pet Bottle Recycling Market
Figure 3 Research Process of Mrfr
Figure 4 Top-down & Bottom-up Approaches
Figure 5 Market Dynamics Overview
Figure 6 Global Primary Plastics Production, 2015 (Million Tonnes)
Figure 7 Global Plastic Waste by Disposal, 2011–2015 (%)
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