The global Plastic Bottle Recycling market was valued at US$ 3673 million in 2020 and it is expected to reach US$ 6105.9 million by the end of 2027, growing at a CAGR of 7.5% during 2021-2027.
Plastic bottle recycling refers to the process of recovering waste or scrap plastic bottle and reprocessing the materials into functional and useful products. The goal of recycling plastic bottle is to reduce high rates of plastic pollution while putting less pressure on virgin materials to produce brand new plastic products. This approach helps to conserve resources and diverts plastics from landfills or unintended destinations such as oceans.
In 2019, Europe is the largest plastic bottle recycling production area, accounting for about 47%, followed by North America, accounting for about 28%.
Leading suppliers in the worldwide are UltrePET, CarbonLITE, Veolia Group, etc. which takes a combined share of less than 20% in 2019.
Global Plastic Bottle Recycling Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Plastic Bottle Recycling Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are UltrePET, CarbonLITE, Veolia Group, Evergreen Plastics, Shazil, Indorama Ventures, Avangard Innovative, Clear Path Recycling, Longfu Recycling Energy Scientech, Incom Recycle, FENC, Seiwa Group, Kyoei Industry, J&T Recycling, Tobe-Shoji, Far Eastern Ishizuka Green PET, Utsumi Recycle Systems, Toyo Seikan and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- PET Recycling
- HDPE Recycling
Segment by Application
- Food and Beverage Packaging
- Sheet and Film
Table of Content:
1 Plastic Bottle Recycling Market Overview
2 Plastic Bottle Recycling Market Competition by Manufacturers
3 Plastic Bottle Recycling Retrospective Market Scenario by Region
4 Global Plastic Bottle Recycling Historic Market Analysis by Type
5 Global Plastic Bottle Recycling Historic Market Analysis by Application
6 Key Companies Profiled
7 Plastic Bottle Recycling Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Plastic Bottle Recycling Market Dynamics
10 Global Plastic Bottle Recycling Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.