The report explained the driving factors and the opportunities to grow USD 4,170.90 million at a CAGR 5% during the forecast period. the plastic recycling market at a better pace. The estimated revenue during the forecast period has been mentioned. The competitive landscape and the demand-supply chain in the regional markets is also depicted. The market players are in progress with innovative, cheap and developed technologies. The market will propel during the forecast period and will achieve high shares in the Global Plastic Bottle Recycling Market.
The above report completely analyzes the methodology of the market trend of the Plastic Recycling Market in terms of organizing, collecting, and analyzing correct data. The overall structure of the Global Plastic Bottle Recycling Market is rising, the growth and production of the market shows that in the coming future the market will be having profitable shares.
As per the regional analysis, North America is expected to hold the maximum plastic bottle recycling market share in the global market. The demand for PET bottles has been increasing so rapidly. The major regions where the market has been split on the basis of regions are Europe, North America, Asia Pacific, Latin America, and Middle East & Africa.
The NA region leads the recycling market as there is increased awareness about the environment. The developing countries have more demand as compared to these countries. In regions of the US, PET bottle recycling is driving at a higher pace. There are various applications where the plastic bottles are being used and are in high demand for example, pharmaceuticals, energy drinks and other liquids and other packaging products.
In the APAC region, the increased population and rising demands for the plastic bottles along with the awareness to maintain the ecological balance. The companies are growing in terms of collecting and recycling the plastic at a higher range as compared to other regions and this region will also provide better market shares in the forecast period.
In the European countries, there are many stringent laws in terms of environmental conditions that will fuel the Plastic Bottle Recycling Market in the coming years. The other regions like The middle east and Latin America are also slower movements in recycling the plastic wastes to create quality products.
The plastic bottle recycling market is moderately competitive and there are several production companies that are in the market but few major players are dominant. These share a prominent share in the global market and are expanding their boundaries across the globe. The initiatives have been taken and the new technical strategies and collaborations have increased the profitability of these companies.
Below are some of the key market players in the Global Plastic Bottle Recycling Market:
The COVID-19 outbreak is affecting the countries and the global plastic bottle recycling market at a wider level. The supply-chain demand market has been affected so vigorously. The single-use plastic packaging and medical supplies are at the surge. Also, the governments have suspended the ban on single-use plastic bags and bottles. This is one of the factors that has dipped the global market shares of the Global Plastic Bottle Recycling Market.
There was a negative impact on the engineering plastic industry during the Covid-19 outbreak. On the other side, there are several difficulties in collection and sorting of mixed plastics, however, the less availability of resources had an adverse effect on the plastic bottle recycling market as per the report analysis.
The Global Plastic Bottle Recycling Market is segmented on the basis of Source, Raw Material, Recycling Methods, End User and the region.For Example:
Plastic FilmsSynthetic FibersRigid Plastics & FoamsOthers (auto-parts, electrical goods, furniture and others)
Polyethylene (PE) – LPDE & HDPEPolypropylene (PP)Polyvinyl Chloride (PVC)Polystyrene (PS)Polyamide (PA)PolycarbonateAcrylonitrile-butadiene StyreneOther plastics under SPI code 7
Heat compressionDistributed recyclingPyrolysisOthers
Building & Construction (Lumber, Pipe, Furnishings, and Carpets & Rugs and Others)TextilesAutomotive (Batteries, Others)Electrical & ElectronicsOthers (Agriculture, Aerospace and other industries)
North AmericaEuropeMiddle East & AfricaSouth America
The plastic bottle recycle market is picking up the pace and is expected to grow at a steady rate in the near future, boosted by increased demand for recycled plastic bottles. The low cost, light weight, and easy handling of the plastic packaging has made this market really popular in the past few years and is growing rapidly. The manufacturers also prefer the usage of plastic packaging as it is a cheap mode of production and will not hamper the quality of the product.
There are various factors that are boosting the Plastic Bottle Recycling market such as energy conservation, reduced pollution and the reduced emission of the greenhouse gases. Moreover, almost all the governments of the countries are taking initiatives to enhance the awareness for the increased production of the recycling products. Plastic is one of the major products in this area that has been recycled for several applications. It is expected that with the increased demands and the usage of such products the production will increase and will show staggering growth during the forecast period.
The recycling of plastic bottles is becoming one of the major markets and is being carried out at a very large scale. The recycling is the only process wherein the reuse of the plastics is done. The recycling helps the environment to lower the pollution levels by converting the lower grade plastic to usable products. The disposal of waste has been a major concern to reduce the CO2 emissions and to lower the pollution levels. The advanced technologies and new processes have introduced various collection, sorting and reprocessing of the plastics and this has created new opportunities for the Global Plastic Bottle Recycling Market.The waste plastics are converted into a polymer that is known as Polyethylene terephthalate (PET) that refers to a thermoplastic polymer resin and this is highly used for the manufacturing of the plastic bottles. The PET bottles are more lighteighted, durable, non-reactive, transparent and thermally stable in nature. These bottles are getting more popularity in the market because of the various shapes and less manufacturing cost. The packaging of drinking water and other sweet beverages is really in service these days. The other applications for the PET bottles are used in packaging solutions for salad dressings, medicines, dish detergents, household cleaners, and mouthwashes.
|Market Size||USD 4,170.90 billion|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Cospack America Corporation,Amcor Limited,BERICAP GmbH & Co. KG,Rexam, Inc.,Berry Global, Inc,Graham Packaging Company Inc.,Container Corporation of Canada,Ontario Plastic Container Producers Ltd.,Constar Internationals, Inc.,Alpha Packaging,Alpack Plastics,Plastipak Holdings, Inc.,Resilux NV|
|Key Market Opportunities||advanced technologies and new processes|
|Key Market Drivers||increased awareness towards the environment the advanced recycling processes|
Sorting and reprocessing of recyclable plastics and advanced technologies and systems for the collection, are creating new opportunities for Plastic Bottle Recycling Market in the future.
North America, Europe, APAC, and Rest of the World (ROW) are the essential regions streaming with high market value for Plastic Bottle Recycling Market.
The UltrePET, avangard innovative, phoenix technologies international, advanced environmental recycling technologies, CarbonLITE are the pivotal factors leading the plastic bottle recycling market’s growth.
North America is dominating the market of recycling market of plastic bottles growth.
The major segments involved in recycling are Raw Material Type and Application Type.