Market Overview:
The global PET recycle cleaning equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for recycled PET products and the growing awareness about environmental protection. The global PET recycle cleaning equipment market can be segmented on the basis of type into I.V. cleaning system and hot wash system. The I.V.
Product Definition:
PET recycle cleaning equipment is used to clean recycled PET pellets. The importance of using PET recycle cleaning equipment is that it helps to remove any contaminants that may be present in the pellets, which could cause problems during the manufacturing process.
I.V. Cleaning System:
I.V. cleaning system is used to clean the inside of a plastic recycling machine (PET bottle washer) and it's growth factor in PET recycle cleaning equipment market is increasing due to growing environmental concerns, government regulations and rising awareness among consumers regarding the environment.
Hot Wash System:
The hot wash system is a closed circuit washing process that uses high temperature water to clean the recyclable plastic containers and bottles. The system works by circulating the washed material through extremely hot water, which melts away any dirt or soil particles. This molten plastic matter then goes through several cycles of rinsing under cold water to get rid of the cleaning solution, which in turn helps in getting rid of bacteria and other harmful substances from recycled plastics.
Application Insights:
Manufacturing application led the global PET recycle cleaning equipment market in 2017, accounting for over 50% of the overall revenue share. The segment is projected to expand further at a steady CAGR owing to rising demand from packaging manufacturers for their products. In addition, growing focus on reducing waste and increasing recycling rates among various manufacturing companies will drive growth over the forecast period.
The recycling segment accounted for another significant revenue share in 2017 and is expected to witness a steady growth rate during the forecast period as recyclable materials are collected based on their weight and volume rather than material type alone. Thus, different types of plastics (PET, PE) have varying degrees of purity that depends upon its degree of separation from other materials such as aluminum & steel etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness a considerable growth rate of 6.8% over the forecast period, owing to rising population and increasing industrialization and economic development in countries such as China, India, Indonesia, Vietnam among others. Increasing demand for recyclable products coupled with growing manufacturing sector is anticipated to drive the regional market further.
The recycling industry has witnessed significant growth across North America on account of stringent government regulations regarding waste management coupled with rising awareness about sustainability issues among manufacturers operating within this region. The U.S., being a developed economy has implemented various policies and strategies for sustainable development which includes waste management practices at both domestic level as well as international level thereby benefitting the overall recycling industry across North America over the forecast period from 2018 to 2030 time frame).
Growth Factors:
- Increasing demand for recycled PET from beverage and packaging industries
- Growing environmental awareness among consumers for recycling of plastic waste
- Stringent government regulations on waste management and increasing landfill costs
- Technological advancements in PET recycle cleaning equipment that improve the efficiency and quality of recycled PET products
- Rising prices of virgin PET resin
Scope Of The Report
Report Attributes
Report Details
Report Title
PET Recycle Cleaning Equipment Market Research Report
By Type
I.V. Cleaning System, Hot Wash System
By Application
Recycling, Manufacturing, Others
By Companies
ASG, GEA, Krones, B + B Anlagenbau, Starlinger, BEIER, STF Group, Knwin Recycle, EREMA, SOREMA, POLYRETEC, BoReTech, SHIBUYA CORPORATION, Qinfeng, Jiangyin Perfect Machinery
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global PET Recycle Cleaning Equipment Market Report Segments:
The global PET Recycle Cleaning Equipment market is segmented on the basis of:
Types
I.V. Cleaning System, Hot Wash System
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
Recycling, Manufacturing, 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:
- ASG
- GEA
- Krones
- B + B Anlagenbau
- Starlinger
- BEIER
- STF Group
- Knwin Recycle
- EREMA
- SOREMA
- POLYRETEC
- BoReTech
- SHIBUYA CORPORATION
- Qinfeng
- Jiangyin Perfect Machinery
Highlights of The PET Recycle Cleaning Equipment 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:
- I.V. Cleaning System
- Hot Wash System
- By Application:
- Recycling
- Manufacturing
- 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 Recycle Cleaning Equipment 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
- Market Entry Strategies
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- Consumer Insights
- 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 recycling equipment is used to clean PET bottles and containers. It uses hot water, detergent, and scrubbing pads to remove the labels, plasticizers, and other contaminants from the PET.
Some of the major companies in the pet recycle cleaning equipment market are ASG, GEA, Krones, B + B Anlagenbau, Starlinger, BEIER, STF Group, Knwin Recycle, EREMA, SOREMA, POLYRETEC, BoReTech, SHIBUYA CORPORATION, Qinfeng, Jiangyin Perfect Machinery.
The pet recycle cleaning equipment market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 PET Recycle Cleaning Equipment 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 Recycle Cleaning Equipment Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 PET Recycle Cleaning Equipment 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 Recycle Cleaning Equipment 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 Recycle Cleaning Equipment Market Size & Forecast, 2018-2028 4.5.1 PET Recycle Cleaning Equipment Market Size and Y-o-Y Growth 4.5.2 PET Recycle Cleaning Equipment Market Absolute $ Opportunity
Chapter 5 Global PET Recycle Cleaning Equipment 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 Recycle Cleaning Equipment Market Size Forecast by Type
5.2.1 I.V. Cleaning System
5.2.2 Hot Wash System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global PET Recycle Cleaning Equipment 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 Recycle Cleaning Equipment Market Size Forecast by Applications
6.2.1 Recycling
6.2.2 Manufacturing
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global PET Recycle Cleaning Equipment 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 Recycle Cleaning Equipment 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 Recycle Cleaning Equipment Analysis and Forecast
9.1 Introduction
9.2 North America PET Recycle Cleaning Equipment 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 Recycle Cleaning Equipment Market Size Forecast by Type
9.6.1 I.V. Cleaning System
9.6.2 Hot Wash System
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 Recycle Cleaning Equipment Market Size Forecast by Applications
9.10.1 Recycling
9.10.2 Manufacturing
9.10.3 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 Recycle Cleaning Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe PET Recycle Cleaning Equipment 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 Recycle Cleaning Equipment Market Size Forecast by Type
10.6.1 I.V. Cleaning System
10.6.2 Hot Wash System
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 Recycle Cleaning Equipment Market Size Forecast by Applications
10.10.1 Recycling
10.10.2 Manufacturing
10.10.3 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 Recycle Cleaning Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific PET Recycle Cleaning Equipment 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 Recycle Cleaning Equipment Market Size Forecast by Type
11.6.1 I.V. Cleaning System
11.6.2 Hot Wash System
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 Recycle Cleaning Equipment Market Size Forecast by Applications
11.10.1 Recycling
11.10.2 Manufacturing
11.10.3 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 Recycle Cleaning Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America PET Recycle Cleaning Equipment 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 Recycle Cleaning Equipment Market Size Forecast by Type
12.6.1 I.V. Cleaning System
12.6.2 Hot Wash System
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 Recycle Cleaning Equipment Market Size Forecast by Applications
12.10.1 Recycling
12.10.2 Manufacturing
12.10.3 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 Recycle Cleaning Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) PET Recycle Cleaning Equipment 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 Recycle Cleaning Equipment Market Size Forecast by Type
13.6.1 I.V. Cleaning System
13.6.2 Hot Wash System
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 Recycle Cleaning Equipment Market Size Forecast by Applications
13.10.1 Recycling
13.10.2 Manufacturing
13.10.3 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 Recycle Cleaning Equipment Market: Competitive Dashboard
14.2 Global PET Recycle Cleaning Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ASG
14.3.2 GEA
14.3.3 Krones
14.3.4 B + B Anlagenbau
14.3.5 Starlinger
14.3.6 BEIER
14.3.7 STF Group
14.3.8 Knwin Recycle
14.3.9 EREMA
14.3.10 SOREMA
14.3.11 POLYRETEC
14.3.12 BoReTech
14.3.13 SHIBUYA CORPORATION
14.3.14 Qinfeng
14.3.15 Jiangyin Perfect Machinery