PET Bottle Recycling Market Forecast for Next 5 Years of Various Segments Along With Detailed Analysis of Industry Structure
Polyethylene Terephthalate Bottle Recycling Market Report Information: By Process (Chemical, Mechanical), Application (Beverages, Personal Care, Pharmaceutical, Consumer Goods, And Others), And Region – Global Forecast To 2023
Hadapsar, Pune, India – July 30, 2018 /MarketersMedia/ —
PET Bottle Recycling Market Highlights
Market Research Future published a half cooked research report on PET Bottle Recycling Market. The global market for PET Bottle Recycling is majorly driven by factors such as convenience and easy to recyclable among others.
The global market of PET Bottle Recycling is growing rapidly and focusing on scrap recycling. Such recycling system accounts for features such as it reuse, reduced waste and can again use in Organizations. Recycling plastic bottles also helps conserve natural resources, especially oil, which is a non-renewable natural resource available in restricted supply. PET can be recovered and recycled repeatedly by washing and remelting for use in new PET products or it can be chemically broken down into its constituent raw materials and then purified and converted into new PET. Government is also adopting various initiatives for recycling plastic bottles.
Get Sample Report with Complete TOC @ https://www.marketresearchfuture.com/sample_request/2865
Taste the market data and market information presented through more than 15 market data tables and 10 figures spread over 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global PET Bottle Recycling Report -Forecast to 2023”.
Leading Players
The prominent players in the PET bottle recycling includes :
• 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)
• PlasticsEurope (Belgium)
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.
Market Research Future Analysis:
Market Research Future analysis show that the global market of PET bottle recycling market is estimated to grow at faster pace.
Plastic bottle recycling helps reduce carbon dioxide emission and the quantity of waste. Moreover, proper and efficient plastic recycling helps mitigate various environmental threats such as global warming, ozone layer depletion and helps boost the market.
Europe is leading the market of PET bottle recycling while North America and Asia-Pacific are expected to grow rapidly. Factors such as environmental issues and improved quality of recycled products are expected to contribute towards the growth of global PET bottle recycling market. PET is considered as cheaper than HDPE. European packaging makers and brand owners, especially in France, are replacing HDPE with PET in some applications. Moreover, North America continuously looks for ways to make recycling more effective and comprehensive. Moreover, growing emphasis on sustainability, improvements in processing and a broader variety of PET recycled products into high quality resins are the major factors, driving the market of PET bottle recycling in North America.
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
Health Impacts
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.
Early Diners Are Offered Free Customization- Up to 20% @ https://www.marketresearchfuture.com/check-discount/2865
Scope of Report
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.
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.
Contact Info:
Name: Abhishek Sawant
Email: sales@marketresearchfuture.com
Organization: Market Research Future
Address: Market Research Future, Magarpatta Road, Hadapsar, Pune – 411028, Maharashtra, India
Phone: 16468459312
For more information, please visit https://www.marketresearchfuture.com/reports/pet-bottle-recycling-market-2865
Source: MarketersMedia
Release ID: 385949
Copyright © 1999-2013 SproutNews.com
