Market Overview:
The global PET bottle recycling market is expected to grow at a CAGR of 6.5% during the forecast period 2018-2030. The market growth is attributed to the increasing awareness about environmental protection and rising demand for recycled PET products. In terms of recycling process, the chemical process segment is expected to dominate the global PET bottle recycling market during the forecast period owing to high efficiency and low cost as compared to other processes. In terms of application, food & beverages segment is projected to be the fastest growing segment in terms of value due to increase in demand for packaged food items and rise in disposable income across developing countries.
Product Definition:
PET Bottle Recycling is the process of recycling polyethylene terephthalate (PET) bottles into new PET bottles. The importance of PET Bottle Recycling is that it reduces the amount of waste that ends up in landfills, and it also saves energy because recycled plastic requires less processing than virgin plastic.
Global PET Bottle Recycling Market Size Growth Rate by Recycling Process: 2016 VS 2021 VS 2027:
Global PET Bottle recycling market was valued at USD 2.3 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.5% from 2021 to 2027. Increasing demand for recycled content in various industries including food & beverage, personal care & cosmetics, pharmaceuticals, and others is anticipated to drive the market over the forecast period. The U.S.
Chemical:
Chemical is used in the process of PET bottle recycling for removing plasticizer and other harmful components from the recycled bottles. The chemical is also used to dissolve metals from their compounds. It has wide applications in various industries such as agriculture, pharmaceuticals, oil & gas and water treatment among others. Chemical industry growth on account of increasing demand for plastics coupled with rising investments in R&D has resulted into innovation of new processes that are cost effective and result oriented which further drives market growth globally.
Application Insights:
The food and beverages application segment led the global PET bottle recycling market in 2016, accounting for over 60.0% share of the total revenue. The growing packaging industry on account of increasing consumer demand for packaged food products is expected to drive growth over the forecast period.
PET bottles are widely used in several applications including pharmaceuticals, personal care and cosmetics, household cleaners and detergents as well as automotive industries owing to their properties such as high durability along with easy cleaning ability which makes them suitable for various end-use industries globally. Increasing use of recycled plastics in automobile manufacturing is expected to drive demand from 2018 to 2030 thereby benefitting overall market growth during the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and accounted for a share of over 34%. The region is expected to witness significant growth over the forecast period owing to increasing awareness regarding PET bottle recycling among consumers. In addition, growing demand for bottled water coupled with rising disposable income is anticipated to drive the market in Asia Pacific.
The European market was valued at USD X billion in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing to stringent regulations against single-use plastics enforced by various governments across Europe. Moreover, recovery of manufacturing sectors along with technological developments such as 3D printing will boost product demand over the forecast period.
North America emerged as one of the major markets accounting for 21% share in total revenue generated globally through recycling processes using plastic bottles or containers. Increasing consumption rates of alcoholic beverages are estimated as one factor responsible for driving this regional industry growth through 2025 21).
Growth Factors:
- Increasing environmental awareness among people about the benefits of recycling PET bottles.
- Government initiatives and regulations to promote PET bottle recycling.
- Rise in number of beverage companies using recycled PET bottles for their products.
- Growing demand for recycled PET resin in the manufacturing of plastic products.
Scope Of The Report
Report Attributes
Report Details
Report Title
PET Bottle Recycling Market Research Report
By Type
Global PET Bottle Recycling Market Size Growth Rate by Recycling Process: 2016 VS 2021 VS 2027, Chemical, Mechanical
By Application
Food & Beverages, Personal Care, Pharmaceutical, Consumer Goods, Others
By Companies
Advanced Environmental Recycling Technologies, Avangard Innovative, Phoenix Technologies, UltrePET, Evergreen Plastics, Complete Recycling, ECO2 Plastics, Kuusakoski, PlasticsEurope, Clear Path Recycling, Clean Tech Incorporated, CarbonLite Industries, Envision Plastics Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global PET Bottle Recycling Market Report Segments:
The global PET Bottle Recycling market is segmented on the basis of:
Types
Global PET Bottle Recycling Market Size Growth Rate by Recycling Process: 2016 VS 2021 VS 2027, Chemical, Mechanical
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverages, Personal Care, Pharmaceutical, Consumer Goods, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Advanced Environmental Recycling Technologies
- Avangard Innovative
- Phoenix Technologies
- UltrePET
- Evergreen Plastics
- Complete Recycling
- ECO2 Plastics
- Kuusakoski
- PlasticsEurope
- Clear Path Recycling
- Clean Tech Incorporated
- CarbonLite Industries
- Envision Plastics Industries
Highlights of The PET Bottle Recycling Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Global PET Bottle Recycling Market Size Growth Rate by Recycling Process: 2016 VS 2021 VS 2027
- Chemical
- Mechanical
- By Application:
- Food & Beverages
- Personal Care
- Pharmaceutical
- Consumer Goods
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the PET Bottle Recycling Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
PET Bottle recycling is the process of breaking down PET plastic bottles into their component parts so that they can be reused. This process begins by sorting the bottles into three categories based on their level of contamination: clean, contaminated, and mixed. Clean PET bottles are then washed and cut into small pieces to make them easier to recycle. Contaminated PET bottles must be cleaned before they can be recycled, as these contain harmful chemicals that could contaminate other materials during the recycling process. Mixed PET bottle types contain both clean and contaminated plastics, which makes them difficult to recycle completely.
Some of the key players operating in the pet bottle recycling market are Advanced Environmental Recycling Technologies, Avangard Innovative, Phoenix Technologies, UltrePET, Evergreen Plastics, Complete Recycling, ECO2 Plastics, Kuusakoski, PlasticsEurope, Clear Path Recycling, Clean Tech Incorporated, CarbonLite Industries, Envision Plastics Industries.
The pet bottle recycling market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 PET Bottle Recycling Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 PET Bottle Recycling Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 PET Bottle Recycling Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the PET Bottle Recycling Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global PET Bottle Recycling Market Size & Forecast, 2018-2028
4.5.1 PET Bottle Recycling Market Size and Y-o-Y Growth
4.5.2 PET Bottle Recycling Market Absolute $ Opportunity
Chapter 5 Global PET Bottle Recycling Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 PET Bottle Recycling Market Size Forecast by Type
5.2.1 Global PET Bottle Recycling Market Size Growth Rate by Recycling Process: 2016 VS 2021 VS 2027
5.2.2 Chemical
5.2.3 Mechanical
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global PET Bottle Recycling Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 PET Bottle Recycling Market Size Forecast by Applications
6.2.1 Food & Beverages
6.2.2 Personal Care
6.2.3 Pharmaceutical
6.2.4 Consumer Goods
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global PET Bottle Recycling Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 PET Bottle Recycling Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America PET Bottle Recycling Analysis and Forecast
9.1 Introduction
9.2 North America PET Bottle Recycling Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America PET Bottle Recycling Market Size Forecast by Type
9.6.1 Global PET Bottle Recycling Market Size Growth Rate by Recycling Process: 2016 VS 2021 VS 2027
9.6.2 Chemical
9.6.3 Mechanical
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America PET Bottle Recycling Market Size Forecast by Applications
9.10.1 Food & Beverages
9.10.2 Personal Care
9.10.3 Pharmaceutical
9.10.4 Consumer Goods
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe PET Bottle Recycling Analysis and Forecast
10.1 Introduction
10.2 Europe PET Bottle Recycling Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe PET Bottle Recycling Market Size Forecast by Type
10.6.1 Global PET Bottle Recycling Market Size Growth Rate by Recycling Process: 2016 VS 2021 VS 2027
10.6.2 Chemical
10.6.3 Mechanical
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe PET Bottle Recycling Market Size Forecast by Applications
10.10.1 Food & Beverages
10.10.2 Personal Care
10.10.3 Pharmaceutical
10.10.4 Consumer Goods
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific PET Bottle Recycling Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific PET Bottle Recycling Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific PET Bottle Recycling Market Size Forecast by Type
11.6.1 Global PET Bottle Recycling Market Size Growth Rate by Recycling Process: 2016 VS 2021 VS 2027
11.6.2 Chemical
11.6.3 Mechanical
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific PET Bottle Recycling Market Size Forecast by Applications
11.10.1 Food & Beverages
11.10.2 Personal Care
11.10.3 Pharmaceutical
11.10.4 Consumer Goods
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America PET Bottle Recycling Analysis and Forecast
12.1 Introduction
12.2 Latin America PET Bottle Recycling Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America PET Bottle Recycling Market Size Forecast by Type
12.6.1 Global PET Bottle Recycling Market Size Growth Rate by Recycling Process: 2016 VS 2021 VS 2027
12.6.2 Chemical
12.6.3 Mechanical
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America PET Bottle Recycling Market Size Forecast by Applications
12.10.1 Food & Beverages
12.10.2 Personal Care
12.10.3 Pharmaceutical
12.10.4 Consumer Goods
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) PET Bottle Recycling Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) PET Bottle Recycling Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) PET Bottle Recycling Market Size Forecast by Type
13.6.1 Global PET Bottle Recycling Market Size Growth Rate by Recycling Process: 2016 VS 2021 VS 2027
13.6.2 Chemical
13.6.3 Mechanical
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) PET Bottle Recycling Market Size Forecast by Applications
13.10.1 Food & Beverages
13.10.2 Personal Care
13.10.3 Pharmaceutical
13.10.4 Consumer Goods
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 PET Bottle Recycling Market: Competitive Dashboard
14.2 Global PET Bottle Recycling Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Advanced Environmental Recycling Technologies
14.3.2 Avangard Innovative
14.3.3 Phoenix Technologies
14.3.4 UltrePET
14.3.5 Evergreen Plastics
14.3.6 Complete Recycling
14.3.7 ECO2 Plastics
14.3.8 Kuusakoski
14.3.9 PlasticsEurope
14.3.10 Clear Path Recycling
14.3.11 Clean Tech Incorporated
14.3.12 CarbonLite Industries
14.3.13 Envision Plastics Industries
