Plastic Bottle Recycling Market Size, Share, Growth Rate, Trends, Analysis, Future scope, Forecast to 2022

15/apr/2019 11:57:02 MRFR Contatta l'autore

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Summary

Global Plastic Bottle Recycling Market, By Material (PET, PP, HDPE, PVC, LDPE, and others), By Application (Food & Beverages, Personal Care, Pharmaceutical, Consumer goods, and others) - Forecast 2016-2022

Plastic Bottle Recycling Market – Overview

Recycling of plastic bottles means the reuse of plastic material and converting them into lower or same grade plastic bottles, hence to reduce the amount of waste going into landfills. These bottles are used in various applications. Most recycled plastics are mainly used for making low-grade products. In order to convert plastic bottles into food-grade plastic, the bottles are hydrolyzed to monomeric form and finally passes through purification and re-polymerization process before converting to a new form. 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.

Recycling plastic water bottles helps to conserve natural resources, especially oil, which is a non-renewable natural resource available in restricted supply. Recycling of one ton of plastic conserves approximately 3.8 barrels of crude oil, estimated by the Environmental Protection Agency (EPA).

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According to a recent study report published by the Market Research Future, The global market of Plastic Bottle Recycling is booming and expected to gain prominence over the forecast period. The Global Plastic Bottle Recycling market is forecasted to demonstrate an exponential growth by 2023, surpassing its previous growth records in terms of value with a whooping, CAGR during the estimated period (2017 – 2023).

Regional Analysis of Global Plastic Bottle Recycling Market

 Global is growing rapidly owing to factors such as growing prospects for recycled product, and growing environmental concerns among others. Currently North America is dominating the market of recycling market of plastic bottles. Food & beverages industry leads the market in the developed region like U.S. and helps to boost the market of bottle recycling. Additionally, recycled bottles are gaining popularity across the end user industries and the governments are also adopting new measures for recycling.

Plastic Bottle Recycling Market Key Players
The key players of global Plastic Bottle Recycling Market report include- Advanced Environmental Recycling Technologies, Avangard Innovative, Phoenix Technologies International, UltrePET, CarbonLITE, Complete Recycling, ECO2 Plastics, Evergreen Plastics, National Recycling Technologies, Recycle Clear, Worldwide Recycler Services, among others.

Target Audience

Manufactures

Raw Materials Suppliers

Aftermarket suppliers

Research Institute

Potential Investors

 

Global Plastic Bottle Recycling Market - Competitive Analysis

Global Plastic Bottle Recycling Market appears to be highly fragmented and competitive owning to the presence of numerous large and small players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.

Manufacturers operating in the market strive to deliver innovative solutions that improve the design and manufacturing processes of business around the world. Focusing upon the competitive edge, Plastic Bottle Recycling manufacturers strive to develop products that can deliver optimal efficient, convenience and reliability. Utilizing their international and regional presence, these manufacturers assure their customers with the consistency in product & service quality. Manufacturers strive to develop their product portfolio with a wide range of Plastic Bottle Recycling for every application.

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