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PET Bottle Recycling Market 2019 To Worth USD 5,933.6 Mn at CAGR of 5.28% By 2023 | Worldwide Overview By Size, Share, Growth Factors and Leading Players With Detailed Analysis of Industry Structure

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PET Bottle Recycling Market 2019 To Worth USD 5,933.6 Mn at CAGR of 5.28% By 2023 | Worldwide Overview By Size, Share, Growth Factors and Leading Players With Detailed Analysis of Industry Structure

August 31
08:33 2019
PET Bottle Recycling Market 2019 To Worth USD 5,933.6 Mn at CAGR of 5.28% By 2023 | Worldwide Overview By Size, Share, Growth Factors and Leading Players With Detailed Analysis of Industry Structure

PET Bottle Recycling Market
PET Bottle Recycling Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Recycling Process (Chemical, Mechanical), Application (Beverages, Personal Care, Pharmaceutical, Consumer Goods, And Others), And Region – Global Forecast To 2023

Global PET Bottle Recycling Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.

Market Research Future (MRFR) indicates a CAGR of 5.28% in the global PET bottle recycling market over the forecast period of 2018-2023.  The global PET bottle recycling market was valued at USD 4,381.3 Mn in 2017 and is due to reach USD 5,933.6 Mn by the end of 2023.

The market players are observed as being focused on increasing their operations globally and engage in strategic acquisitions to grow in organic cold pressed juices business.

The key players profiled in the PET bottle recycling market are CarbonLITE Industries (USA), Clear Path Recycling (USA), Indorama Ventures Public Company Limited (Thailand), Krones AG (Germany), PFR Nord GmbH (Germany), Phoenix Technologies (USA), Plastipak Holdings, Inc. (the USA), and UltrePET LLC (USA). 

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The development of human civilization has caused multiple adverse effects on the earth’s environment. Rapid urbanization and industrialization are the main roots of deploying all the harmful pollutants in the surrounding ecosystem. plastic is one such product that adversely affects the wildlife, ecosystem, as well as humans. Chlorinated plastic releases hazardous chemicals into the environment which the dissolves into the groundwater and other water bodies, causing serious harm to the living beings that are dependent on this water. 

The most common plastic product that is observed in the waste is PET bottle. Changing lifestyle and inclination towards packaged beverages and other packaged consumer products are leading to the extensive utilization of PET bottles, which is creating heaps of these bottles in the waste management plants. Today, plastic is being utilized at an alarming scale in packaging industry due to its durability, property of increasing the shelf life of products, and resistance towards physical degradation. But, the disposal of plastic in a conventional way is resulting in the emission of harmful greenhouse gases into the atmosphere. These plastic products are either burned or thrown into the ocean through sewage, which then comes in direct contact with the marine ecosystem, causing harm to the life that is flourishing in the ocean. Increasing awareness regarding the harmful effects caused by plastic on the ecosystem is contributing for popularizing the concept of recycling.

Various methods are being utilized for management and disposal of plastic waste. Among these, recycling is the apt solution for proper disposal of these bottles. The process of PET bottle recycling has been optimized over the course of time. All thanks to the rapid technological advancement. Availability of equipment and devices required to run a recycling plant successfully is propelling the growth of the PET Bottle Recycling Market. PET bottle recycling is carried out using major two processes such as mechanical and chemical recycling processes. Utilization of these methods ensures the optimum recycling of plastic without leaving any harmful residue behind. 

With increasing environmental awareness, various packaging brands and consumer products companies are promoting the idea of recycling the plastic that is left behind as waste product. The government in various regions are banning plastic products to reduce the adverse effects that are caused on the environment due to improper disposal of plastic. Various non-governmental organizations are also running multiple campaigns to bring awareness to the public. These initiatives are majorly contributing to the expansion of the PET bottle recycling market at a CAGR of 5.28% during the forecast period of 2018-2023. It is also anticipated that the PET bottle recycling market will surpass the valuation of USD 5,933.6 Mn by the end of the review period.

Segmental Analysis         

The PET bottle recycling market is segmented on the basis of application, recycling process, and region. The application based segmentation segments this market into beverages, consumer goods, personal care, pharmaceuticals, and others. Based on the recycling process, the market has been segmented into chemical and mechanical.

The regions covered in the global market are Europe, Asia Pacific, The Americas (North America & South America), and the Middle East & Africa (MEA).

Detailed Regional Analysis 

The regional analysis of the PET bottle recycling market covers regions such as Europe, Asia Pacific, North America, and the Middle East & Africa (MEA). The Asia Pacific is the biggest regional market. During the forecast period, is expected to grow at 6.59% CAGR due to the rapid urbanization, growing awareness about recycling, government initiatives to encourage recycling, and rising technological advancement. The crucial country-specific markets in this region are China, India, and Japan, followed by the remaining countries of the Asia Pacific region. India is the largest growing regional market, and it is expected to grow at 7.49% CAGR by the end of the forecast period. Among the remaining countries of Asia Pacific region, Indonesia, Malaysia, Philippines, and Thailand.

The MEA region is the second largest market. During the forecast period, it is expected to grow at 5.19% CAGR because used bottles are 10% of the gross urban waste generation. The use of bottles has increased in this region over the past two decades because of the slowly growing urban lifestyle.

During the forecast period, Europe is to emerge as the third largest market due to the presence of strong economies such as France, Germany, and the UK. Other reasons for market growth in this region are government initiatives to encourage recycling and the technological advancement second only to North America. The market growth for Europe is expected to register a 4.89% CAGR during the forecast period. Germany is the largest country-specific market in Europe, and during the forecast period, it is expected to grow at 5.91% CAGR, and its worth is expected to be USD 468.3 million. The countries included in the segment titled “remaining countries of Europe” include the Netherlands, Poland, and Spain.   

The Americas is the fourth largest regional market. In 2017, its value was USD 1,349.6 million. During the forecast period, this market has been anticipated to grow at 4.59% CAGR, and its market value will most probably be USD 1,757.3 million. USA, Canada, and Mexico are the most important country-specific markets in this region, followed by the remaining countries in North America and South America. Technological advancement and the presence of many key players in this region boost the North American market. USA is the biggest country-specific market that is expected to grow at 4.81% CAGR, and its value is expected to rise to USD 1,124.7 million. Among both Americas, due to technological advancement, North America is a bigger market than South America.

Get More Information on PET Bottle Recycling Market Research Report – Global Forecast To 2023 @ https://www.marketresearchfuture.com/reports/pet-bottle-recycling-market-2865 

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) 
Table 8 Americas: Pet Bottle Recycling Market, by Recycling Process, 2016–2023 (Usd Million) 
Table 9 Americas: Pet Bottle Recycling Market, by Application, 2016–2023 (Usd Million) 
Table 10 Us: Pet Bottle Recycling Market, by Recycling Process, 2016–2023 (Usd Million)

Continued……….

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 (%) 
Figure 8 Drivers Impact Analysis: Pet Bottle Recycling Market 
Figure 9 Restraint Impact Analysis: Pet Bottle Recycling Market 
Figure 10 Supply Chain: Global Pet Bottle Recycling Market

Continued………

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