PET Bottle Recycling Market Synopsis
PET bottles are the leading segment of the plastic bottle recycling market, as it has become the material of choice in the beverage sector, which is leading to most of the rise in the demand for packaged food and beverages. Polyethylene Terephthalate, commonly known as PET or PETE is best known as the clear plastic used for water and soda bottle containers. Plastic bottles are majorly consumed as well as are dumped and to avoid the wastage, recycling of the bottles is carried out on large scale. As a raw material, PET is globally recognized as a safe, non-toxic, strong, lightweight, flexible material that is 100% recyclable. Recycling provides opportunities to reduce both carbon dioxide emissions and the quantities of waste. Moreover, advanced technologies and systems for the collection, sorting and reprocessing of recyclable PETs are creating new opportunities for recycling market.
Government initiatives towards recycling of PET bottles and increased awareness of people are driving the PET bottle recycling market. However, its high operational cost may hamper the growth of the market, significantly.
Get Sample Copy of Global Report “PET Bottle Recycling Market Research – Forecast to 2023” @ https://www.marketresearchfuture.com/sample_request/2865
PET Bottle Recycling:
PET is the most recycled plastic packaging material in Europe. It is expected that the demand for plastic recycling plants in Europe is likely to increase significantly in the years to come. By the end of 2025, sorting and recycling plants with an estimated capacity of 5.2 million tons will be commissioned. As of now, Europe has almost 1,200 active plastic sorting and recycling plants.
In Spain, there isn’t any consumer PET return policy like in the northern EU states and the regulating agencies yet to implement such policies. Most of the plastics end in landfills making the recycling rate low. CICLOPLAST is a Spanish national agency that encourages PET recycling in Spain. It focusses mainly on recycling plastics in the agriculture as that’s where plastic and its chemical compounds cause the most damage. Spain is now investing in the chemical recycling sites.
According to the Environmental Protection Agency (EPA), the current PET bottle recycling rate results in an energy savings equivalent to that consumed by 165,000 U.S. households each year. If the national PET bottle recycling rate increased by just 25 percent, we would avoid the greenhouse gas emissions equivalent to 131 million gallons of gasoline.
PET Bottle Recycling Market Environmental Implications
Reduction in Emissions of Greenhouse Gases
The plastic manufacturing process results in the formation of greenhouse gases, including carbon dioxide, which is responsible for a global warming effect. The recycling of plastic water bottles requires less energy and fossil fuels; it also helps in fewer greenhouse gas emissions. The Environmental Protection Agency estimates that the average family can reduce their carbon dioxide emissions by up to 340 pounds annually simply be recycling their plastic waste
The recycled plastics can have negative impacts on human health. At a basic level, in facilities where manual sorting is still in place, workers may risk injury and disease while sorting materials. There is a risk of plastic waste recycling affecting local populations in countries with less stringent regulations than in the EU.
PET Bottle Recycling Market Key Players
Advanced Environmental Recycling Technologies, Inc. (U.S.), Avangard Innovative (U.S.), Phoenix Technologies International LLC (U.S.), UltrePET LLC (U.S.), Evergreen Plastics Ltd (U.S.), Complete Recycling (U.S.), ECO2 Plastics Inc (U.S.), Worldwide Recycler Services, LLC (U.S.) Kuusakoski Oy (Finland) andPlasticsEurope (Belgium) are some of the prominent players at the forefront of competition in the global PET Bottle Recycling market and are profiled in MRFR Analysis.
PET Bottle Recycling Market – Competitive Analysis
PET Bottle Recycling Market appears to be highly fragmented and competitive owning to the presence of numerous large and small players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.
PET Bottle Recycling Market – Segments
For the convenience of the report and enhanced understanding; The PET Bottle Recycling Market is segmented in to 3key dynamics
Segmentation By Process – Chemical, Mechanical
Segmentation By Application – Beverages, Personal Care, Pharmaceutical, Consumer goods, and others
Segmentation by Regions– Comprises regions – North America, Europe, APAC and Rest of the World.
PET Bottle Recycling Market – Regional Analysis
The recycling industry in Western Europe is dominated by countries such as Germany, U.K., Belgium, Sweden etc. Environmental awareness among consumers and stringent government regulations imposed are responsible for high recycling rates in the region. Various countries have implemented PET bottles returning policy including Germany, Austria, Estonia, Denmark, Netherlands, Norway, Sweden and Switzerland.
The report for Global PET Bottle Recycling Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Detail Analysis of “PET Bottle Recycling Market Global Research Report – Forecast to 2023” @ https://www.marketresearchfuture.com/reports/pet-bottle-recycling-market-2865
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Ask for your specific company profile and country level customization on reports.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar