PET Bottle Recycling Market 2019 Highlights by Competitive Scenario with Impact of New Innovations, Drivers and Challenges 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

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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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.

Segment 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

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.

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Table of Contents

1 Executive Summary

2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
2.5 Key Takeaways
2.6 Macro Factor Indicators Analysis

3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model

Continued.........

List of Tables

Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Macro Indicators Influencing the Global Pet Bottle Recycling Market for Top 5 Countries
Table 4 Global Pet Bottle Recycling Market, by Recycling Process, 2016–2023 (Usd Million)
Table 5 Global Pet Bottle Recycling Market, by Application, 2016–2023 (Usd Million)
Table 6 Global Pet Bottle Recycling Market, by Region, 2016-2023 (Usd Million)
Table 7 Americas: Pet Bottle Recycling Market, by Country, 2016–2023 (Usd Million)
Table 8 Americas: Pet Bottle Recycling Market, by Recycling Process, 2016–2023 (Usd Million)
Table 9 Americas: Pet Bottle Recycling Market, by Application, 2016–2023 (Usd Million)
Table 10 Us: Pet Bottle Recycling Market, by Recycling Process, 2016–2023 (Usd Million)

Continued.........

List of Figures

Figure 1 Global Pet Bottle Recycling Market: Market Structure
Figure 2 Key Takeaways From the Global Pet Bottle Recycling Market
Figure 3 Research Process of Mrfr
Figure 4 Top-down & Bottom-up Approaches
Figure 5 Market Dynamics Overview
Figure 6 Global Primary Plastics Production, 2015 (Million Tonnes)
Figure 7 Global Plastic Waste by Disposal, 2011–2015 (%)
Figure 8 Drivers Impact Analysis: Pet Bottle Recycling Market
Figure 9 Restraint Impact Analysis: Pet Bottle Recycling Market
Figure 10 Supply Chain: Global Pet Bottle Recycling Market

Continued......

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