PET Bottle Recycling Market

Pet Bottle Recycling Market By Recycling Process (Chemical, Mechanical), Application (Beverages, Personal Care, Pharmaceutical, Consumer Goods, And Others), And Region - Global Forecast To 2023

PET Bottle Recycling Market Market Research
Report By Forecast To 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
PET Bottle Recycling Market Market Research Report - Forecast to 2023
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
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 nonrenewable 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.
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PET Bottle Recycling Market Market Research Report - Forecast to 2023
PET Bottle Recycling Market By Segment
PET Bottle Recycling Market Market Research Report - Forecast to 2023
Europe Recycling Industry in Next Five Years
In Europe, the interest for recycling continues to encourage consumers for a cleaner environment, but the main motivation
for sustained and successful recycling rates has been government legislation.
The continuous innovation and demand during the last decade made the PET recycling process and technology to become
more dependent on automation, which resulted in cleaner production. With the inevitable trend in the growth of the PET
industry, the regenerated fiber market is moving towards saturation and B-to-B grade recycling systems drawing more
attention and popularity. In the near future, the B-to-B recycling systems are expected to become market mainstream.
Factors such as high valued recovery system, sophisticated technology with low labor input are expected to propel the
demand for PET recycling industry. The importance of a high-quality recycled PET is expected to rise in the years to come.
The PET Bottle Recycling Market in Eastern Europe still has a long way to go with no proper waste management methods in
most of the countries in the region. However, in the last 5 years, there is an increase of production capacities, especially in
the CIS countries and Poland.
Creating new materials from existing materials uses significantly less energy than raw materials. According to the
Environmental Protection Agency, recycling one pound of polyethylene terephthalate (PET), which is the most commonly
used plastic material in water bottles, conserves approximately 12,000 BTUs (British thermal units) of heat energy. The
recycling process uses up to two-thirds less energy than traditional manufacturing. Thus, it has significantly reduced the
pressure on the traditional power grid, which uses the fossil fuels.
PET Bottle Recycling Market Market Research Report - Forecast to 2023
Key Players
The key players in the global PET bottle recycling market includes 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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