Recycled PET Market Global Research TO 2023 By Top Manufacturers - Phoenix Technologies Ltd, Ecostar Plastics (Placon), Arora Fibres, Haiyan Haili Green Fiber Co., Ltd.

Recycled PET includes two methods as the mechanical recycling method and chemical recycling. The mechanical recycling is majorly preferred. The goal of recycling plastics is to reduce high rates of plastic pollution with less emphasis on virgin materials to produce new plastic products by conserving energy. The post customer recycled PET industry started as a result of environmental pressure to boost waste management. The recycling process helps to reduce the land pollution taking place which is done by converting the bottles into lower or same grade type.

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Top Manufacturers:

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

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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Markket Research Analysis:

Manufacturing, transporting, and putting off municipal solid wastes like plastic ends up in gas emissions that lure heat within the planet’s atmosphere. These gases are released at every stage of a product’s life cycle, contributing to climate change. If the bottle is incinerated, it releases carbon dioxide as a by-product, which contributes to the increase in the rate of global warming. If the bottles are landfilled, it will slowly decompose and unleash gas, a gas which is over 21 times stronger than carbon dioxide. Moreover, materials that are disposed of in landfills have to be replaced by new products manufactured from raw materials, and the extraction of raw materials requires fossil fuel combustion, which releases more carbon dioxide into the atmosphere and reduces a non-renewable resource.

Factors such as rising disposable incomes and government actions to improve drinking water conditions are likely to drive demand for bottled water across markets. Moreover, excellent strength and durability are expected to drive segment growth over the forecast period. The base of food containers and some non-food containers give structural strength, which aids in extending storage time of goods. These products also offer lightness & flexibility when used for packaging purposes.

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This release was published on openPR.