Plastic Bottle Recycling Market Overview
Plastic bottle recycling involves processes such as waste collection, sorting, shredding, and molding with the aim of conversion into lower or same grade plastic bottles. Market Research Future (MRFR) has recently published an exhaustive study on the global plastic recycling market after meticulous scrutinization of the pertinent factors that could affect the market growth over the forecast period of 2017-2022. MRFR's study has projected that the market would capture a steady CAGR over the forecast period.
Plastics have become the global menace and has evoked major concerns on a worldwide scale. Plastic possesses a high strength-to-weight ratio and is highly resistant to chemical as well as physical degradation, which makes recycling necessary to curb further production of the product.
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- National Recycling Technologies
- Phoenix Technologies International
- Evergreen Plastics
- Recycle Clear
- Worldwide Recycler Services
- Avangard Innovative
- Complete Recycling
- Advanced Environmental Recycling Technologies
- ECO2 Plastics are the key players in the global plastic bottle recycling market.
The global plastic bottle recycling market has been segmented based on material and application.
By material, the plastic bottle recycling market has been segmented into PET, PP, HDPE, PVC, LDPE, and others. PET segment accounts for the largest share of the market since it is counted among the most recycled plastic materials. The HDPE and PP material segments follow the PET segment.
By application, the plastic bottle recycling market has been segmented into Food Beverages, Personal Care, Pharmaceutical, Consumer goods, and others. The food beverage segment is likely to be major revenue generator over the forecast period. Towering demand for food and beverages is boosting the growth of the segment. The pharmaceutical industry and personal care industry are also major application area for plastic bottle recycling market.
Plastic Bottle Recycling Market Regional Analysis
Region-wise, the plastic bottle recycling market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
North America is the largest market for plastic bottle recycling. The presence of an established FB industry in the region which has shifted its focus to the recycling plastic bottles to minimize damage to the environment has generated huge demand within the market. Moreover, governments measures to support recycling of plastics along with increasing awareness on the part of manufacturers has driven the market considerably. Additionally, various end-use industries are preferring the use of recycled bottles over normal plastic bottles, which too remains a key growth motivator.
The APAC market is anticipated to establish itself as an important revenue pocket for plastic bottle recycling. Increased demand for packaged food products purveyed by changing lifestyle and increasing purchasing power is expected to drive the market over the forecast period.
Europe region is also expected to experience growth spurts over the forecast period. Various stringent regulations enacted by the government to curb environmental pollution heightened awareness, and augmented demand for recycled plastic bottles from end-use industries is expected to augur the growth of the market.
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TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.3 MARKET STRUCTURE:
1.3.1 GLOBAL PLASTIC BOTTLE RECYCLING MARKET: BY MATERIAL
1.3.2 GLOBAL PLASTIC BOTTLE RECYCLING MARKET: BY APPLICATION
1.3.3 GLOBAL PLASTIC BOTTLE RECYCLING MARKET: BY REGION
2 RESEARCH METHODOLOGY
2.1 RESEARCH TYPE
2.2 PRIMARY RESEARCHPT
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS FORECAST
2.4.2 MARKET SIZE ESTIMATION
2.4.3 MARKET CRACKDOWN DATA TRIANGULATION
3 MARKET DYNAMICS
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
LIST OF TABLES
TABLE 1 GLOBAL PLASTIC BOTTLE RECYCLING MARKET, BY MATERIAL
TABLE 2 GLOBAL PLASTIC BOTTLE RECYCLING MARKET, BY APPLICATION
TABLE 3 GLOBAL PLASTIC BOTTLE RECYCLING MARKET, BY REGIONS
TABLE 4 NORTH AMERICA PLASTIC BOTTLE RECYCLING MARKET, BY COUNTRY
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