Global PET Bottles Recycling Market Overview:
PET bottle recycling plays an important role in reducing environmental impacts. PET bottles are widely used in beverages and household products. PET bottle recycling process includes collecting the used bottles, arranging them according to the colors and their quality, and finally cleansing and shredding them into flakes or pellets. The global PET bottle recycling market is expected to witness significant growth due to increasing awareness about plastic pollution and its environmental effects. In addition to traditional beverage packaging, demand for recycled PET (rPET) is growing in a number of different sectors such as packaging, personal care and textile due to its cost-effectiveness, which is expected to fuel growth in the market. Further, stringent regulations by government including ban on plastic, extended producer responsibility and recycling initiatives is expected to expand the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
High Adoption of Mechanical Recycling Process Due to Low to Zero Risk of Releasing Toxic Substances and Innovation in Sorting Technologies Such as Integration of AI and Robotics to Improve Efficiency
Market Growth Drivers:
Growing Awareness About Environmental Concerns Due to Plastic Pollutions and Growing Demand of Recycled PET Bottles Due to Its Cost Effectiveness Compared to Bottles Made With Virgin PET
Challenges:
Limited Collection Infrastructure Facilities in Some Regions or Countries
Restraints:
Quality Degradation During Recycling and Contamination Issues Is Likely to Affect The Market
Opportunities:
Strict Regulations Towards the Plastic Waste and Government Programs for Waste Recycling
Competitive Landscape:
The key players are targeting the innovations of the Solutions with better quality, better technical characteristics. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market.
Some of the key players profiled in the report are Indorama Ventures Public Company Ltd (Thailand), Waste Management Inc. (United States), Veolia Environnement S.A. (France), Berry Global Inc. (United States), Republic Services, Inc. (United States), Waste Connections, Inc. (United States), Neo Group UAB (Lithuania), Renewi PLC (United Kingdom), Plastipak Holdings Inc. (United States), Covanta Energy Corporation (United States), Cleanaway Waste Management Limited (Australia) and Ganesha Ecosphere (India). Analyst at AMA Research see United States Players to retain maximum share of Global PET Bottles Recycling market by 2030. Considering Market by Bottle Type, the sub-segment i.e. Clear will boost the PET Bottles Recycling market. Considering Market by Recycling Process, the sub-segment i.e. Chemical will boost the PET Bottles Recycling market.
What Can be Explored with the PET Bottles Recycling Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global PET Bottles Recycling Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in PET Bottles Recycling
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global PET Bottles Recycling market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in PET Bottles Recycling market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Waste Recycling Service Providers, Plastic Manufacturers, Packaging Companies, Venture Capitalists and Private Equity Firms, End Users, Government Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.