PET Bottle Recycling Market Analysis by Recent Trends, Development by Regions to 2030

0
539

 Market Research Future published a cooked research report on PET Bottle Recycling Market. The PET bottle recycling market has been anticipated to earn revenues worth USD 7358.6 million while expanding at a CAGR of 5.28 % by 2030.

During the forecast period between 2023 and 2030,  the global  PET Bottle Recycling Market appears to grow with astounding opportunities. 

Analyzing the market structure, this report offers insights about factors affecting the market growth. Estimating the market size and forecasting the revenue, this reports covers and observes the competitive developments of market players that include joint ventures, mergers and acquisitions, new product developments, research and developments (R&D), and strategic alliances.

The factors driving the growth of PET bottle recycling include government support for plastic recycling initiatives, the impact of plastic disposal on the environment, and use of preforms for pet bottles in the packaging industry. Other factors aiding the market growth include the ban on import of plastic waste by emerging economies, and designing of PET bottle to facilitate recycling. However, the lack of awareness regarding the recycling phenomenon can hamper market growth.

Detailed Regional Analysis 

The regional analysis of the PET bottle recycling market covers regions such as Europe, Asia Pacific, North America, and the Middle East & Africa (MEA). The Asia Pacific is the biggest regional market. During the forecast period, is expected to grow at 6.59% CAGR due to the rapid urbanization, growing awareness about recycling, government initiatives to encourage recycling, and rising technological advancement. The crucial country-specific markets in this region are China, India, and Japan, followed by the remaining countries of the Asia Pacific region. India is the largest growing regional market, and it is expected to grow at 7.49% CAGR by the end of the forecast period. Among the remaining countries of Asia Pacific region, Indonesia, Malaysia, Philippines, and Thailand.

The MEA region is the second largest market. During the forecast period, it is expected to grow at 5.19% CAGR because used bottles are 10% of the gross urban waste generation. The use of bottles has increased in this region over the past two decades because of the slowly growing urban lifestyle.

Get Sample @ https://www.marketresearchfuture.com/sample_request/2865

During the forecast period, Europe is to emerge as the third largest market due to the presence of strong economies such as France, Germany, and the UK. Other reasons for market growth in this region are government initiatives to encourage recycling and the technological advancement second only to North America. The market growth for Europe is expected to register a 4.89% CAGR during the forecast period. Germany is the largest country-specific market in Europe, and during the forecast period, it is expected to grow at 5.91% CAGR, and its worth is expected to be USD 468.3 million. The countries included in the segment titled "remaining countries of Europe" include the Netherlands, Poland, and Spain.   

The Americas is the fourth largest regional market. In 2017, its value was USD 1,349.6 million. During the forecast period, this market has been anticipated to grow at 4.59% CAGR, and its market value will most probably be USD 1,757.3 million. USA, Canada, and Mexico are the most important country-specific markets in this region, followed by the remaining countries in North America and South America. Technological advancement and the presence of many key players in this region boost the North American market. USA is the biggest country-specific market that is expected to grow at 4.81% CAGR, and its value is expected to rise to USD 1,124.7 million. Among both Americas, due to technological advancement, North America is a bigger market than South America.

Segmental Analysis         

The PET Bottle Recycling Market Challenge Analysis is segmented on the basis of application, recycling process, and region. The application based segmentation segments this market into beverages, consumer goods, personal care, pharmaceuticals, and others. Based on the recycling process, the market has been segmented into chemical and mechanical.

The regions covered in the global market are Europe, Asia Pacific, The Americas (North America & South America), and the Middle East & Africa (MEA).

Competitive Analysis

The market players are observed as being focused on increasing their operations globally and engage in strategic acquisitions to grow in organic cold pressed juices business. The key players profiled in the PET bottle recycling market are CarbonLITE Industries (USA), Clear Path Recycling (USA), Indorama Ventures Public Company Limited (Thailand), Krones AG (Germany), PFR Nord GmbH (Germany), Phoenix Technologies (USA), Plastipak Holdings, Inc. (the USA), and UltrePET LLC (USA).

Browse More Related Reports:

https://www.marketresearchfuture.com/reports/bioplastic-packaging-market-1498 

https://www.marketresearchfuture.com/reports/smart-packaging-market-1981 

https://www.marketresearchfuture.com/reports/retort-packaging-market-2217 

Sponsored
๐Ÿ“ข System Update: Sharkbow Marketplace is Now Open!

We are excited to announce the **launch of the Sharkbow Marketplace!** ๐ŸŽ‰ Now you can:

  • ๐Ÿ›๏ธ List and sell your products โ€“ Open your own store easily.
  • ๐Ÿ“ฆ Manage orders effortlessly โ€“ Track sales and communicate with buyers.
  • ๐Ÿš€ Reach thousands of buyers โ€“ Expand your business with ease.

Start selling today and grow your online business on Sharkbow! ๐Ÿ›’

Open Your Store ๐Ÿš€ โœ–
Search
Sponsored

๐Ÿš€ What Can You Do on Sharkbow?

Sharkbow.com gives you endless possibilities! Explore these powerful features and start creating today:

  • ๐Ÿ“ Create Posts โ€“ Share your thoughts with the world.
  • ๐ŸŽฌ Create Reels โ€“ Short videos that capture big moments.
  • ๐Ÿ“บ Create Watch Videos โ€“ Upload long-form content for your audience.
  • ๐Ÿ“ Write Blogs โ€“ Share stories, insights, and experiences.
  • ๐Ÿ›๏ธ Sell Products โ€“ Launch and manage your online store.
  • ๐Ÿ“ฃ Create Pages โ€“ Build your brand, business, or project.
  • ๐ŸŽ‰ Create Events โ€“ Plan and promote your upcoming events.
  • ๐Ÿ‘ฅ Create Groups โ€“ Connect and build communities.
  • โณ Create Stories โ€“ Share 24-hour disappearing updates.

Join Sharkbow today and make the most out of these features! ๐Ÿš€

Start Creating Now ๐Ÿš€
Categories
Read More
Other
IoT Managed Services Market Business Strategies, Revenue Global Technology, Application, and Growth Rate up to 2031
IoT Managed Services Market size was worth around USD 48.35 billion in 2021 and is predicted...
By KingsResearch Info 2025-04-11 07:00:49 0 341
Other
reparaciรณn ordenadores
TANCRA Systems estรก especializada en reparaciรณn y mantenimiento de equipos...
By John Mark 2022-11-10 09:09:58 0 853
Other
Madurai Car Rental
Rent a car with driver in Madurai at best price. Best car rentals in Madurai. Confirmed cab, real...
By Cab Bazar 2025-01-25 11:58:18 0 846
Other
High Purity Aluminum Market Research Covering Growth Analysis And Industry Trends with Forecast 2030
Various disadvantages and high costs of aluminum over steel are expected to restrain...
By Shaw Melody 2023-06-05 09:22:00 0 603
Shopping
Sex Dolls for a Better Sex Life: Enhancing Intimacy and Pleasure
In recent years, sex dolls have increasingly become a subject of conversation, with many people...
By Lucy Chow 2025-03-03 11:00:45 0 592