plastic bottle recycling market in the US to grow at a CAGR of 3.7% over the period 2014-2019

Recycling of plastic bottles refers to the reuse of plastic material and hence to reduce the amount of waste going into landfills by ultimately converting them into lower or same grade plastic bottles. These bottles are used for various applications depending on their properties. Most plastics are semi-porous and absorb molecules of food or beverage contained. The residue removal is a very tedious task, and any additional heating may damage the plastic. 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 and growing environmental concerns.

Technavio's analysts forecast the plastic bottle recycling market in the US to grow at a CAGR of 3.7% over the period 2014-2019.

Covered in this report

The report covers the present scenario and the growth prospects of the recycle market for plastic bottle industry in the US for the period 2015-2019. The report includes the segmentation of market based on the type of plastic bottle recycled.

Technavio's report, the Plastic Bottle Recycling Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key vendors

Advanced Environmental Recycling Technologies
Avangard Innovative
Phoenix Technologies International
UltrePET

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Other prominent vendors

CarbonLITE
Complete Recycling
ECO2 Plastics
Evergreen Plastics
National Recycling Technologies
Recycle Clear
Worldwide Recycler Services

Market driver

Growing prospects for recycled products
For a full, detailed list, view our report

Market challenge

Lack of awareness for recycled plastic products
For a full, detailed list, view our report

Market trend

Growing environmental concerns boosting plastic recycle market
For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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