PET Bottle Recycling Market Research Report - Global Forecast To 2023

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

ID: MRFR/PNT/2119-CR | December 2018 | Region: Global | 111 pages

Market Snapshots 


PET bottle recycling refers to the process of plastic waste recovery and further processing to turn them into useful products. PET bottle recycling generally encompasses the procedures of waste collection, sorting, shredding, and molding. 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 basic raw material for plastics being petroleum and natural gas, depleting supplies of petroleum makes it economically viable to recycle plastics than produce them from scratch. This coupled with the rising level of awareness about the impact of plastic disposal on the environment foster the growth of the global PET bottle recycling market. Most plastics find their way into landfills where they are incinerated and contribute largely to air as well as land pollution. Realization of the adverse effects of plastics on the environment has evoked a high level of participation of the governments in multiple countries to address the issue which is a key growth influencer of the global PET bottle recycling market. PET bottle find large-scale application in industries such as packaging, consumer products, and beverages. The high strength-to-weight ratio, super flexibility, and high resistance to chemical and physical degradation make them desirable across these industries which augur the growth of the global PET bottle recycling market.


On the downside, lack of awareness regarding waste management and recycling, especially in developing countries of Asia Pacific such as India, Cambodia, and Indonesia restrict the growth of the global PET recycling market. However, raising awareness, economic development, and progressive regulations to support environmental protection and waste management is likely to aid Asia Pacific emerge as the fastest growing market for PET bottle recycling. The Americas is the largest market for PET bottle recycling and accounts for almost 30% of the global market. Meanwhile, the ban on import of plastic waste by emerging economies is likely to uncover lucrative growth prospects for the global PET bottle recycling market.


Report Overview


This MRFR report provides a complete analysis of the global PET bottle recycling market which promotes a better understanding of the market.  A detailed analysis of the market framework along with forecasts of revenue of market segments has been included in the report. A detailed analysis of the key players, their geographical presence, and market share of each player is also discussed thoroughly. For the study, the global PET bottle recycling market has been segmented based on recycling process and application. Critical areas where PET bottle recycling find application such as beverages, personal care, pharmaceuticals, consumer goods, and others are studied in the report. The study finds that the Global PET bottle recycling market finds presence across the key regions of the Americas, Europe, Asia Pacific, and the Middle East & Africa.


Research Methodology:


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.
Players Covered:


Indorama Ventures Public Company Limited, CarbonLITE Industries, Krones Ag, Plastipak Holdings, Inc., UltrePET, LLC, Phoenix Technologies, Clear Path Recycling, Schoeller Group, PFR Nord GmbH, and PolyQuest are the notable players in the global PET bottle recycling market.

Segmental Analysis:
By Recycling Process:



  • Mechanical 

  • Chemical


By Application:



  •  Beverages

  • Personal Care

  • Consumer Goods

  • Pharmaceuticals

  • Others


By Region:



  • The Americas

  • Europe

  • Asia Pacific

  • The Middle East & Africa



Frequently Asked Questions (FAQ) :


The global PET bottle recycling market was valued at USD 4,381.3 Mn in 2017.

The rising level of awareness about the impact of plastic disposal on the environment is noted to be the key growth influencer of the global PET bottle recycling market.

Asia Pacific region to emerge as the fastest growing market for PET bottle recycling.

Realization of the adverse effects of plastics on the environment evoked a high level of participation of key players in multiple countries.

The Americas recorded 30% for the PET bottle recycling market.

The PET bottle recycling process involves several steps and is a growing activity primarily due to growing environmental concern and rising petroleum prices. The report on the global PET bottle recycling market includes vital information such as market value, growth rates, and various factors influencing the market. With 2017 as the base year, the market value was recorded at USD 4,381.3 Mn. Estimations and calculations of market growth suggest a CAGE of 5.28%, which projects an upward trend likely to result in a market value of USD 5,933.6 Mn by the end of 2023.


Plastic use has grown significantly, and PET bottles are used significantly and in high volumes in packaging applications. High volumes of plastic which are highly resistant to physical and chemical degradation have to be recycled to refrain from harming the environment. PET bottles are commonly used in beverages and other consumables packaging such as for mineral water, peanut butter, cooking oils, etc. The large scale of plastic consumption in the packaging sector is highly encouraging of PET bottle recycling so as to increase production efficiency and reduce the environmental impact of the plastics industry. Moreover, in an increasingly environmentally conscious global scenario, governments across the globe are providing support and initiatives in an effort to encourage PET bottle recycling. Non-recycled plastic has terrible effects on the soil and water, causing pollution. As a result, government bodies are targeting increasing plastic recycling. For example, the European Commission has announced a strategy to reduce plastic pollution and ensure the recyclability of all plastic in Europe by 2030. Similar initiatives by other governments are expected to encourage the growth of the global PET bottle recycling market during the review period.


The various challenges that the global PET bottle recycling market faces include a lack of cost-efficient infrastructure, lack of appropriate processing units, and a general lack of public awareness regarding recycling. At present, more plastic is disposed of than recycled which indicates a strong lack of awareness. Examples have been included in the report. Meanwhile, the market is rife with opportunity as several developments are being carried out to design recycle-friendly PET bottles to encourage PET bottle recycling. Initiatives toward increasing awareness and the active participation on the part of manufacturers to encourage recycling via redesigned PET bottles is expected to present the PET bottle recycling market with new directions for growth in the foreseeable future.


The global PET bottle recycling market's various key components have been segmented in the report on the basis of the recycling process, application, and region. Recycling processes used for PET bottle recycling are primarily segmented into chemical and mechanical. Chemicals recycling process of PET bottle is further segmented to include hydrolysis, glycolysis, methanolysis, and other processes. Between the two key segments, the mechanical segment has captured 67.92% share of the global market and is also projected to grow at the highest CAGR during the forecast period. The mechanical process uses a simple process to collect, sort, clean and then reclaim the plastic in a new form which is then used for the manufacturing of new products.


Applications have been segmented to include personal care, pharmaceuticals, consumer goods, beverages, and others. Beverages, having the highest consumption pattern for PET bottles captured the largest share in the market and is expected to retain its dominance while growing at the highest CAGR of 5.99% during the review period due to consistent demand for PET bottles for this application.


Regional Analysis


The Americas PET bottle recycling market acquired a majority share of the market and is closely followed by Europe and the Asia Pacific. These regions are nearly neck and neck in terms of market value. The Americas accounted for a market share of over 30% and will likely reach a market value of USD 1757.3 Mn by the end of the review period. The regions high consumption of PET plastics combined with the presence of advanced recycling technology, and increasing awareness regarding recycling is expected to drive the market. The region's governments are also imposing various regulation related to waste management which is driving the growth of the Americas PET bottle recycling market.


Europe, which displays a similar growth pattern to that of the Americas market holds the second most significant position in terms of market size. The increasing volume of recyclable plastic waste and the increasingly stringent imposition of regulations with regards to waste management are expected to encourage market growth. Moreover, various European government bodies in this region are actively increasing awareness regarding recycling amongst consumers. Implementation of advanced recycling technology is expected to open up opportunities for growth.


The Asia Pacific is the most rapidly growing market with the highest CAGR of 6.59% during the assessment period. Swift economic development and the presence of a huge and growing population combined with increasing generation of plastic waste has resulted in various policies and regulations in the interest of environmental protection and effective waste management. China is a global giant in terms of plastic waste generation and has been established as a leader in scrap consumption. Gradually increasing awareness and demand for effective waste management solutions is expected to bolster and propel the APAC PET bottle recycling market.


The Middle East and Africa is a nascent regional PET bottle recycling market with immense potential for growth. The rapid growth of emerging economies in the Middle East is expected to result in increasing demand for PET bottle recycling as plastic consumption grows in the region. Promising growth is expected from, the region during the assessment period.


Competitive Tracking


Prominent competitors in the global PET bottle recycling market that have been included in MRFR's report include PFR Nord GmbH, Indorama Ventures Public Company Limited, Krones Ag, Schoeller Group, UltrePET, LLC, Clear Path Recycling, PolyQuest, Phoenix Technologies, CarbonLITE Industries, and Plastipak Holdings, Inc.

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TABLE OF CONTENT

2.1 Definition 15

2.2 Scope of the Study 15

2.3 List of Assumptions 16

2.4 Market Structure 16

2.5 Key Takeaways 17

2.6 Macro Factor Indicators Analysis 17

3.1 Research Process 19

3.2 Primary Research 20

3.3 Secondary Research 21

3.4 Market Size Estimation 22

3.5 Forecast Model 22

4.1 Introduction 24

4.2 Drivers 24

4.2.1 Use of PET Bottles in the Packaging Industry 24

4.2.2 Government Support for Recycling Plastic 25

4.2.3 Impact of Plastic Disposal on the Environment 26

4.2.4 Drivers Impact Analysis 27

4.3 Restraint 27

4.3.1 Lack of Awareness Regarding Recycling 27

4.3.2 Restraint Impact Analysis 28

4.4 Opportunities 28

4.4.1 Designing of PET Bottle to Facilitate Recycling 28

4.4.2 Ban on Import of Plastic Waste by Emerging Economies 29

5.1 Supply Chain Analysis 31

5.1.1 Waste Collection 31

5.1.2 Sorting and Shredding 31

5.1.3 Plastic Molding 31

5.1.4 End-Use 31

5.2 Porter’s Five Forces Model 32

5.2.1 Threat of New Entrants 32

5.2.2 Bargaining Power of Suppliers 32

5.2.3 Bargaining Power of Buyers 32

5.2.4 Threat of Substitutes 33

5.2.5 Intensity of Rivalry 33

6.1 Overview 35

6.1.1 Mechanical 35

6.1.2 Chemical 35

6.1.3 Glycolysis 35

6.1.4 Methanolysis 35

6.1.4.1 Hydrolysis 36

6.1.4.2 Other Processes 36

7.1 Overview 38

7.1.1 Beverages 38

7.1.2 Personal Care 38

7.1.3 Consumer Goods 38

7.1.4 Pharmaceuticals 38

7.1.5 Others 38

8.1 Overview 41

8.1.1 Americas 42

8.1.1.1 US 43

8.1.1.2 Canada 44

8.1.1.3 Rest of Americas 45

8.1.2 Europe 46

8.1.2.1 Germany 47

8.1.2.2 UK 48

8.1.2.3 France 49

8.1.2.4 Italy 50

8.1.2.5 Rest of Europe 51

8.1.3 Asia-Pacific 52

8.1.4 China 52

8.1.5 India 54

8.1.6 Japan 55

8.1.7 Rest of Asia-Pacific 56

8.2 Middle East & Africa 57

9.1 Competitive Scenario 59

9.2 Company Benchmarking 60

9.3 Market Share Analysis 61

9.4 Key Developments 62

10.1 Clear Path Recycling 65

10.1.1 Company Overview 65

10.1.2 Financial Overview 65

10.1.3 Product/Services Offered 65

10.1.4 Key Developments 65

10.1.5 SWOT Analysis 65

10.1.6 Key Strategy 66

10.2 Krones AG 67

10.2.1 Company Overview 67

10.2.2 Financial Overview 67

10.2.3 Product/Services Offered 68

10.2.4 Key Developments 68

10.2.5 SWOT Analysis 69

10.2.6 Key Strategy 69

10.3 CarbonLITE Industries 70

10.3.1 Company Overview 70

10.3.2 Financial Overview 70

10.3.3 Products Offered 70

10.3.4 Key Developments (2015–2018) 70

10.3.5 SWOT Analysis 71

10.3.6 Key Strategy 71

10.4 Schoeller Group 72

10.4.1 Company Overview 72

10.4.2 Financial Overview 72

10.4.3 Product/Services Offered 72

10.4.4 Key Developments 72

10.4.5 SWOT Analysis 73

10.4.6 Key Strategy 73

10.5 PFR Nord GmbH 74

10.5.1 Company Overview 74

10.5.2 Financial Overview 74

10.5.3 Products/Services Offered 74

10.5.4 Key Developments 74

10.5.5 SWOT Analysis 75

10.5.6 Key Strategy 75

10.6 PolyQuest 76

10.6.1 Company Overview 76

10.6.2 Financial Overview 76

10.6.3 Products/Services Offered 76

10.6.4 Key Developments 76

10.6.5 SWOT Analysis 77

10.6.6 Key Strategy 77

10.7 Indorama Ventures Public Company Limited 78

10.7.1 Company Overview 78

10.7.2 Financial Overview 78

10.7.3 Products/Services Offered 80

10.7.4 Key Developments 84

10.7.5 SWOT Analysis 85

10.7.6 Key Strategy 85

10.8 UltrePET, LLC 86

10.8.1 Company Overview 86

10.8.2 Financial Overview 86

10.8.3 Products/Services Offered 86

10.8.4 Key Developments 86

10.8.5 SWOT Analysis 87

10.8.6 Key Strategy 87

10.9 Plastipak Holdings, Inc. 88

10.9.1 Company Overview 88

10.9.2 Financial Overview 88

10.9.3 Products/Services Offered 88

10.9.4 Key Developments 88

10.9.5 SWOT Analysis 89

10.9.6 Key Strategy 89

10.10 Phoenix Technologies 90

10.10.1 Company Overview 90

10.10.2 Financial Overview 90

10.10.3 Products/Services Offered 90

10.10.4 Key Developments 90

10.10.5 SWOT Analysis 91

10.10.6 Key Strategy 91


TABLE 1 MARKET SYNOPSIS 13

TABLE 2 LIST OF ASSUMPTIONS 16

TABLE 3 MACRO INDICATORS INFLUENCING THE GLOBAL PET BOTTLE RECYCLING MARKET FOR TOP 5 COUNTRIES 17

TABLE 4 GLOBAL PET BOTTLE RECYCLING MARKET, BY RECYCLING PROCESS, 2016–2023 (USD MILLION) 36

TABLE 5 GLOBAL PET BOTTLE RECYCLING MARKET, BY APPLICATION, 2016–2023 (USD MILLION) 39

TABLE 6 GLOBAL PET BOTTLE RECYCLING MARKET, BY REGION, 2016-2023 (USD MILLION) 41

TABLE 7 AMERICAS: PET BOTTLE RECYCLING MARKET, BY COUNTRY, 2016–2023 (USD MILLION) 42

TABLE 8 AMERICAS: PET BOTTLE RECYCLING MARKET, BY RECYCLING PROCESS, 2016–2023 (USD MILLION) 42

TABLE 9 AMERICAS: PET BOTTLE RECYCLING MARKET, BY APPLICATION, 2016–2023 (USD MILLION) 43

TABLE 10 US: PET BOTTLE RECYCLING MARKET, BY RECYCLING PROCESS, 2016–2023 (USD MILLION) 43

TABLE 11 US: PET BOTTLE RECYCLING MARKET, BY APPLICATION, 2016–2023 (USD MILLION) 44

TABLE 12 CANADA: PET BOTTLE RECYCLING MARKET, BY RECYCLING PROCESS, 2016–2023 (USD MILLION) 44

TABLE 13 CANADA: PET BOTTLE RECYCLING MARKET, BY APPLICATION, 2016–2023 (USD MILLION) 45

TABLE 14 REST OF AMERICAS: PET BOTTLE RECYCLING MARKET, BY RECYCLING PROCESS, 2016–2023 (USD MILLION) 45

TABLE 15 REST OF AMERICAS: PET BOTTLE RECYCLING MARKET, BY APPLICATION, 2016–2023 (USD MILLION) 46

TABLE 16 EUROPE: PET BOTTLE RECYCLING MARKET, BY COUNTRY, 2016-2023 (USD MILLION) 47

TABLE 17 GERMANY: PET BOTTLE RECYCLING MARKET, BY RECYCLING PROCESS, 2016–2023 (USD MILLION) 47

TABLE 18 GERMANY: PET BOTTLE RECYCLING MARKET, BY APPLICATION, 2016–2023 (USD MILLION) 48

TABLE 19 UK: PET BOTTLE RECYCLING MARKET, BY RECYCLING PROCESS, 2016–2023 (USD MILLION) 48

TABLE 20 UK: PET BOTTLE RECYCLING MARKET, BY APPLICATION, 2016–2023 (USD MILLION) 49

TABLE 21 FRANCE: PET BOTTLE RECYCLING MARKET, BY RECYCLING PROCESS, 2016–2023 (USD MILLION) 49

TABLE 22 FRANCE: PET BOTTLE RECYCLING MARKET, BY APPLICATION, 2016–2023 (USD MILLION) 50

TABLE 23 ITALY: PET BOTTLE RECYCLING MARKET, BY RECYCLING PROCESS, 2016–2023 (USD MILLION) 50

TABLE 24 ITALY: PET BOTTLE RECYCLING MARKET, BY APPLICATION, 2016–2023 (USD MILLION) 51

TABLE 25 REST OF EUROPE: PET BOTTLE RECYCLING MARKET, BY RECYCLING PROCESS, 2016–2023 (USD MILLION) 51

TABLE 26 REST OF EUROPE: PET BOTTLE RECYCLING MARKET, BY APPLICATION, 2016–2023 (USD MILLION) 52

TABLE 27 CHINA: PET BOTTLE RECYCLING MARKET, BY RECYCLING PROCESS, 2016–2023 (USD MILLION) 53

TABLE 28 CHINA: PET BOTTLE RECYCLING MARKET, BY APPLICATION, 2016–2023 (USD MILLION) 53

TABLE 29 INDIA: PET BOTTLE RECYCLING MARKET, BY RECYCLING PROCESS, 2016–2023 (USD MILLION) 54

TABLE 30 INDIA: PET BOTTLE RECYCLING MARKET, BY APPLICATION, 2016–2023 (USD MILLION) 54

TABLE 31 JAPAN: PET BOTTLE RECYCLING MARKET, BY RECYCLING PROCESS, 2016–2023 (USD MILLION) 55

TABLE 32 JAPAN: PET BOTTLE RECYCLING MARKET, BY APPLICATION, 2016–2023 (USD MILLION) 55

TABLE 33 REST OF ASIA-PACIFIC: PET BOTTLE RECYCLING MARKET, BY RECYCLING PROCESS, 2016–2023 (USD MILLION) 56

TABLE 34 REST OF ASIA-PACIFIC: PET BOTTLE RECYCLING MARKET, BY APPLICATION, 2016–2023 (USD MILLION) 56

TABLE 35 MIDDLE EAST & AFRICA: PET BOTTLE RECYCLING MARKET, BY RECYCLING PROCESS, 2016–2023 (USD MILLION) 57

TABLE 36 MIDDLE EAST & AFRICA: PET BOTTLE RECYCLING MARKET, BY APPLICATION, 2016–2023 (USD MILLION) 57

TABLE 37 ACQUISITION: KEY DEVELOPMENT ANALYSIS, 2016 – 2018 62

TABLE 38 EXPANSION: KEY DEVELOPMENT ANALYSIS, 2015 – 2018 63

TABLE 39 COLLABORATIONS: - KEY DEVELOPMENT ANALYSIS, 2017 TO 2018 63

TABLE 40 CLEAR PATH RECYCLING: PRODUCTS/SERVICES OFFERED 65

TABLE 41 KRONES AG: PRODUCTS/SERVICES OFFERED 68

TABLE 42 KRONES AG: KEY DEVELOPMENTS 68

TABLE 43 SCHOELLER GROUP: PRODUCTS/SERVICES OFFERED 72

TABLE 44 PFR NORD GMBH: PRODUCTS/SERVICES OFFERED 74

TABLE 45 POLYQUEST: PRODUCTS/SERVICES OFFERED 76

TABLE 46 INDORAMA VENTURES PUBLIC COMPANY LIMITED: PRODUCTS/SERVICES OFFERED 80

TABLE 47 INDORAMA VENTURES PUBLIC COMPANY LIMITED: KEY DEVELOPMENTS 84

TABLE 48 ULTREPET, LLC: PRODUCTS/SERVICES OFFERED 86

TABLE 49 ULTREPET, LLC: KEY DEVELOPMENTS 86

TABLE 50 PLASTIPAK HOLDINGS, INC.: PRODUCTS/SERVICES OFFERED 88

TABLE 51 PLASTIPAK HOLDINGS, INC.: KEY DEVELOPMENTS 88

TABLE 52 PHOENIX TECHNOLOGIES.: PRODUCTS/SERVICES OFFERED 90

TABLE 53 PHOENIX TECHNOLOGIES.: KEY DEVELOPMENTS 90



FIGURE 1 GLOBAL PET BOTTLE RECYCLING MARKET: MARKET STRUCTURE 16

FIGURE 2 KEY TAKEAWAYS FROM THE GLOBAL PET BOTTLE RECYCLING MARKET 17

FIGURE 3 RESEARCH PROCESS OF MRFR 19

FIGURE 4 TOP-DOWN & BOTTOM-UP APPROACHES 22

FIGURE 5 MARKET DYNAMICS OVERVIEW 24

FIGURE 6 GLOBAL PRIMARY PLASTICS PRODUCTION, 2015 (MILLION TONNES) 25

FIGURE 7 GLOBAL PLASTIC WASTE BY DISPOSAL, 2011–2015 (%) 26

FIGURE 8 DRIVERS IMPACT ANALYSIS: PET BOTTLE RECYCLING MARKET 27

FIGURE 9 RESTRAINT IMPACT ANALYSIS: PET BOTTLE RECYCLING MARKET 28

FIGURE 10 SUPPLY CHAIN: GLOBAL PET BOTTLE RECYCLING MARKET 31

FIGURE 11 GLOBAL PET BOTTLE RECYCLING MARKET, BY RECYCLING PROCESS, 2017 (%) 36

FIGURE 12 GLOBAL PET BOTTLE RECYCLING MARKET, BY APPLICATION, 2017 (IN %) 38

FIGURE 13 GLOBAL PET BOTTLE RECYCLING MARKET SHARE, BY REGION, 2017 (% SHARE) 41

FIGURE 14 EUROPE: PET BOTTLE RECYCLING MARKET SHARE, BY COUNTRY, 2017 (% SHARE) 46

FIGURE 15 ASIA-PACIFIC: PET BOTTLE RECYCLING MARKET SHARE, BY COUNTRY, 2017 (% SHARE) 52

FIGURE 16 GLOBAL PET BOTTLE RECYCLING MARKET: COMPETITIVE BENCHMARKING 60

FIGURE 17 GLOBAL PET BOTTLE RECYCLING MARKET: MARKET SHARE ANALYSIS 61

FIGURE 18 CLEAR PATH RECYCLING: SWOT ANALYSIS 65

FIGURE 19 KRONES AG: TOTAL REVENUE, 2015-2017 (USD MILLION) 67

FIGURE 20 KRONES AG: REGIONAL REVENUE SHARE, 2017 (%) 68

FIGURE 21 KRONES AG: SWOT ANALYSIS 69

FIGURE 22 CARBONLITE INDUSTRIES: SWOT ANALYSIS 71

FIGURE 23 SCHOELLER GROUP: SWOT ANALYSIS 73

FIGURE 24 PFR NORD GMBH: SWOT ANALYSIS 75

FIGURE 25 POLYQUEST: SWOT ANALYSIS 77

FIGURE 26 INDORAMA VENTURES PUBLIC COMPANY LIMITED: TOTAL REVENUE, 2015–2017 (USD MILLION) 78

FIGURE 27 INDORAMA VENTURES PUBLIC COMPANY LIMITED: SEGMENTAL REVENUE SHARE, 2017 (%) 79

FIGURE 28 INDORAMA VENTURES PUBLIC COMPANY LIMITED: REGIONAL REVENUE SHARE, 2017 (%) 79

FIGURE 29 INDORAMA VENTURES PUBLIC COMPANY LIMITED: SWOT ANALYSIS 85

FIGURE 30 ULTREPET, LLC: SWOT ANALYSIS 87

FIGURE 31 PLASTIPAK HOLDINGS, INC.: SWOT ANALYSIS 89

FIGURE 32 PHOENIX TECHNOLOGIES: SWOT ANALYSIS 91



Global PET Bottle Recycling Market- Competitive Landscape


Market Research Future includes following key players for global PET Bottle Recycling market research study: Phoenix Technologies, Clear Path Recycling, Schoeller Group, PFR Nord GmbH, PolyQuest.


The market share analysis is derived by considering various factors such as financial position, segmental R&D investment, product innovations, corporate strength, product portfolio, strategy analysis, and, key innovations in the market among other factors. The major players holding prominent position in the Market Indorama Ventures Public Company Limited, CarbonLITE Industries, Krones Ag, Plastipak Holdings, Inc., UltrePET, LLC, among others.


According to MRFR analysis, Indorama Ventures Public Company Limited is currently leading the global PET Bottle recycling market with 38% market share. It is one of the leading PET manufacturers across the globe. It operates through three business segments which include feedstock, PET, and fibers. It offers feedstock, PET, packaging, fibers, and recycled products. It is one of the largest polyesters fiber producers in Thailand. It focuses on the expansion of its presence into various potential markets such as the US and Europe through acquisitions with a focus to become a global PET manufacturer.


CarbonLITE Industries holds the Second largest market share of the market with 28.0%. It is a wholly owned subsidiary of HPC Industries, LLC. It is a major producer of food-grade post-consumer recycled PET bottles in the US. The company specializes in the recycling of used plastic bottles into bottle-grade PET resin flakes and pellets and largely caters to the food & beverage industry. It focused on increasing revenue through collaborations and partnerships with plastic producing industries and government authorities.


Krones Ag holds the third largest market with the market share of 13% of the total market in PET Bottle recycling market. It is a wholly owned subsidiary of Krones Group. Krones AG is engaged in the development and manufacturing of machines, complete lines for recycled bottles, cans and related packaging, process technology, and intralogistics. The company operates primarily from the US and has its reach in various other countries such as Germany, China, India, South Africa, UAE, and the UK. It has a major production facility in Debrecen, Hungary.


Plastipak Holdings holds the market share of 10 % of the global market. It is one of the leaders in the rigid plastic packaging and recycling industries with 50 years of market experience. It caters to various markets including aerosol, consumer cleaning, automotive, industrial & agricultural products, personal care, and alcoholic beverages among others. It has a global presence in North America, South America, Europe, Africa, and Asia. It operates through more than 60 production sites around the world and has four recycling centers in the UK, Luxembourg, Dundee, and France. mainly focuses on developing advanced innovative technology and superior products. It also focuses on improving its relationship with valuable customers, suppliers, and its business partners.


UltrePET, LLC (UltrePET) holds 7 % of the global market share. It is one of the leading providers of high-quality PET in pellet and flake form. It is the first ISO-certified PET recycler in the US. The company serves customers in the US and Canada. It recycles PET and other plastic resins and is one of the largest FDA-approved PET resin suppliers to the bottle and sheet markets in North America. It focuses on offering cost-effective solutions which lead to positive and long-term impact on the environment. It aims to produce a superior post-consumer recycled resin for FDA approved application at a cost-effective price.


Intended Audience



  • Manufactures

  • Aftermarket suppliers

  • Potential Investors

  • Regional Manufacturers’ Associations

  • Plastics Scraps Suppliers

  • Traders, Distributors, and Suppliers of Recycled Plastics

  • Government & Regional Agencies and Research Organizations