Recycled PET Market Essentails and Business Opportunities by 2023 | Phoenix Technologies Ltd, Arora Fibres, Ecostar Plastics, Zhejiang Anshun Pettechs Fibre Co. Ltd

Marekt Summary:

The recycle PET industry involves recycling of PET bottles, cans, crown-corks, and labels. This is being used increasingly by major manufacturers of bottles and trays. The increasing trend of using sustainable solutions is driving this market growth. Moreover, government initiatives towards recycling of plastic bottles and increased awareness among people are driving the recycled PET market. However, high operational costs may hamper the growth of the market significantly during the review period. The recycled PET market is expected to show staggering growth during the forecast period.

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Leading Companies:

Libolon
Ecostar Plastics (Placon)
Zhejiang Anshun Pettechs Fibre Co. Ltd
Polyquest
Haiyan Haili Green Fiber Co., Ltd.
Arora Fibres
Fromm India
Phoenix Technologies Ltd
Equipolymers
Krones Group
Foss Manufacturing Company

Future Market Analysis:

This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global Recycled PET market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.

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The PET recycling market is predicted to grow at a gradual rate in the near future. The market growth is driven by growing environmental concerns, government policies & regulations, and emission norms. Plastic products decompose slowly, to be precise it takes around 700 years to decompose. Therefore, the companies prefer the landfilling of plastic products. However, governments, especially in European countries, are banning the landfills of plastic product. This is also one of the factors driving the growth of the recycled PET industry. Currently, Europe is dominating the recycled PET market. The role of plastic recyclers in Europe is to promote plastic recycling and creation for the profitable and sustainable environment. Recycled bottles are gaining popularity across the end user industries and the government.

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Scope of the report

This study provides an overview of the global recycled PET market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global recycled PET market by its process, application, and region.

By Process –
Chemical
Mechanical
By Application
Beverages
Personal Care
Pharmaceutical
Consumer goods
Others
By Region
North America
Asia Pacific
Europe
Rest of the World

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This release was published on openPR.