PET Bottle Recycling Market Research Report - Forecast to 2023

PET Bottle Recycling Market Research Report Global Forecast to 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
PET Bottle Recycling Market
Pet Bottle Recycling Market Report Information: By Process (Chemical, Mechanical), Application (Beverages, Personal Care,
Pharmaceutical, Consumer Goods, And Others), And Region - Global Forecast To 2023
Market Synopsis of PET Bottle Recycling Market:
PET bottles are the leading segment of the plastic bottle recycling market, as it has become the material of choice in the beverage sector, which is
leading to most of the rise in the demand for packaged food and beverages. Polyethylene Terephthalate, commonly known as PET or PETE is best
known as the clear plastic used for water and soda bottle containers. Plastic bottles are majorly consumed as well as are dumped and to avoid the
wastage, recycling of the bottles is carried out on large scale. As a raw material, PET is globally recognized as a safe, non-toxic, strong, lightweight,
flexible material that is 100% recyclable. Recycling provides opportunities to reduce both carbon dioxide emissions and the quantities of waste.
Moreover, advanced technologies and systems for the collection, sorting and reprocessing of recyclable PETs are creating new opportunities for recycling
market.
Government initiatives towards recycling of PET bottles and increased awareness of people are driving the PET bottle recycling market. However, its
high operational cost may hamper the growth of the market, significantly.
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PET Bottle Recycling Market
Regional Analysis
Global PET bottle recycling market is growing rapidly owing to factors such as growing prospects for recycled product, growing environmental concerns and
among other. Currently Europe is dominating the PET bottle recycling market. The role of plastic recyclers in Europe is to promote plastic recycling and creation
for profitable and sustainable environment. Recycled bottles are gaining popularity across end user industries and the government is also adopting new measures
for recycling PET bottles.
Key Players:
The key players of global PET bottle recycling market include 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) and PlasticsEurope (Belgium).
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PET Bottle Recycling Market
Segmentation
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Pet Bottle Recycling Market Report Information: By Process (Chemical, Mechanical), Application (Beverages, Personal Care, Pharmaceutical, Consumer Goods, And Others), And Region - Global Forecast To 2023 Market Synopsis: Plastic is produced from non-renewable resources such as petroleum, without which we will experience complications in life. Thus, the cost of plastic material depends on the oil prices. Growing demand for plastics from numerous industries such as packaging, pharmaceutical, beverage, and construction is expected to propel the growth of the recycled plastics market across the globe. The demand for bottled water market is growing in the eastern part of Europe. Thus, the plastic waste management becomes the important issue. Therefore, plastic recycling is one of the preferred solutions adopted by the European countries. Similarly, recycling plastic bottles also helps to conserve natural resources, particularly oil, which is a non-renewable natural resource. The Environmental Protection Agency (EPA) estimates that recycling one ton of plastic conserves approximately 3.8 barrels of crude oil. However, high operational costs hamper the growth of the market significantly. The global plastic bottle recycling market is expected to show a staggering growth during the forecast period. Request Report Sample @ https://www.marketresearchfuture.com/sample_request/2865