Global plastic bottle recycling market was valued US$ XX.23 Bn 2019 and is expected to reach US$ XX.34 Bn by 2027, at a CAGR of X.45% during a forecast period.
Global Plastic Bottle Recycling Market
Recycling process is crucial to balance the environmental condition. The global plastic industries are reliable on the recycling method. As recycling plays an important role in pollution lessening by renovating them into lower grade plastic. This diminishes 〖CO〗_2 releases and the amounts of waste. Furthermore, advance technologies of decomposable plastics are generating new openings for global recycling market.
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
Various aspects are delivering the growth factor for the global plastic bottle recycling market. Technological advancement, processing and sorting technologies in recycling industries are expected to stimulate the market growth in near future. Continuous developments on plastic recycling is documented as another propelling factor for market growth.
The major prominent factor to drive the global plastic bottle recycling market include reduced greenhouse gas emissions, energy conservation, and reduced pollution. Major concern and investment in the market are expected to boost the market growth. Furthermore, initiative by the government towards reprocessing of plastic bottles with amplified awareness among growing population are driving the plastic bottle recycling market.
Features like growing request for fast moving consumer’s goods amongst the population, progress in films for packaging is expected to drive the market growth in the coming years. Furthermore, rising disposable income with increasing demand for safety of food and maintain hygiene among the residents is expected to boost the market currently and during the forecast years. Furthermore, evolution in engineering segment like chemical, medical, pharmaceutical, food and beverages, cosmetics, consumer goods sectors are largely emerging as a huge applicant for targeted material as a result of availability as per consumer’s demand is delivering an open employment for market development.
However, high functioning costs and time required for the process are expected to limit the growth of the market expressively in the coming years. Also, deficiency of awareness about recycled plastic product is another reason to restrain the market demand.
Plastic Bottle Recycling Market Segment analysis
In terms of application, consumer goods sector is anticipated to observe the utmost growth during the forecast period with an estimated CAGR of XX% during the forecast period. Plastic bottle recycling are used for various packaging and manufacturing of several household product and for these applications, it requires properties like puncture resistance, hot lack strength, dart impact, strength and recycled plastic provides all the client needs, and thus growth in the population and advanced lifestyle expected to boost the demand for consumer good and hence considered as a major growth factor for the recycled plastic during the forecast period. Moreover, rising demand for sweaters, fleece jackets, t-shirts, carpeting, insulation for jackets and sleeping bags is expected to supplement market growth. Advancement in the process and technology like manufacturing of equipment’s for recycling process influencing the market demand in consumer goods industries.
Plastic Bottle Recycling Market Regional analysis
Regionally, APAC is predicted to observe the significant market growth at a CAGR of XX% over the forecast period. Growing applications of product together with increasing demand for chemical, cosmetic and consumer goods in the region is likely to boost the market growth. Asia Pacific documented for major revenue holder for the plastic bottle recycling market, followed by markets in North America, Europe, Middle East & Africa and Latin America. Speedy expansion besides developing industrial advancement proceedings in developing economies including India, Indonesia, and China is anticipated to push market growth. Furthermore, existence of large number of market players in the region is estimated to drive the market growth during estimated years.
The objective of the report is to present a comprehensive analysis of the Global Plastic Bottle Recycling Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Plastic Bottle Recycling Market dynamics, structure by analysing the market segments and project the Global Plastic Bottle Recycling Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Plastic Bottle Recycling Market make the report investor’s guide.
Scope of Plastic Bottle Recycling Market
Global Plastic Bottle Recycling Market, By Material
Global Plastic Bottle Recycling Market, By Application
• Food & Beverages
• Personal Care
• Consumer goods
• Cosmetic Product
Global Plastic Bottle Recycling Market, By Region
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Plastic Bottle Recycling Market,
• Advanced Environmental Recycling Technologies
• Indorama Ventures Public Company Limited
• Phoenix Technologies International
• National Recycling Technologies
• Worldwide Recycler Services
• Avangard Innovative
• Re-PET Flaschenrecycling
• ITW Poly Recycling
• Recycle Clear
• Complete Recycling
• ECO2 Plastics
• Evergreen Plastics
• Krones Ag
• Plastipak Holdings, Inc
• Clear Path Recycling
• Schoeller Group
• PFR Nord GmbH
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