Global Plastic Bottle Recycling Market Research Report 2022

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.
Market Analysis and Insights: Global Plastic Bottle Recycling Market
Due to the COVID-19 pandemic, the global Plastic Bottle Recycling market size is estimated to be worth US$ 4278.4 million in 2022 and is forecast to a readjusted size of US$ 6602.8 million by 2028 with a CAGR of 7.5% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, PET Recycling accounting for % of the Plastic Bottle Recycling global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Fiber segment is altered to an % CAGR throughout this forecast period.
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 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
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 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
PET Recycling
HDPE Recycling
Others
Segment by Application
Fiber
Food and Beverage Packaging
Sheet and Film
Others
By Company
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
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina