LONDON--(BUSINESS WIRE)--The global recycle market for plastic bottle industry is poised to grow by USD 3.10 billion during 2020-2024, progressing at a CAGR of about 7% during the forecast period. Request free sample pages
Read the 120-page report with TOC on "Recycle Market for Plastic Bottle Industry Analysis Report by Product (PET, HDPE, PP, and Others), Geography (APAC, Europe, MEA, North America, and South America), and the Segment Forecasts, 2020-2024".
The market is driven by the growing use of plastic bottles and their recycled forms. In addition, the rising focus on recycling of plastic by manufacturing companies is anticipated to boost the growth of the recycle market for plastic bottle industry.
The growing consumer demand for beverages, personal care products, and dairy products has increased the use of plastic bottles across the world. This is resulting in a significant increase in the production of plastic waste. With the growing demand for recycled plastic products, vendors are adopting bottle-to-bottle recycling to produce new plastic bottles from recovered materials. Similarly, recycled plastic from bottles is used to produce low-grade products such as carpets, coatings, insulation material, and high-quality merchandise. Such developments are fueling the growth of the global recycling market for plastic bottle industry.
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Major Five Recycle Market Companies:
Avangard Innovative operates its business through a unified business segment. The company has an LDPE post consumer resin (PCR) plant for extrusion, filtration, optical sorting, and odor and volatile removal.
Carbonlite Inc. operates its business through a unified business segment. The company is involved in the processing of used bottles into bottle-grade PET pellets, which can be used to produce beverage bottles.
ECO2 Plastics operates its business through a unified business segment. The company recycles plastic bottles to produce PET plastic flakes.
Evergreen Plastics operates its business through a unified business segment. The company recycles beverage bottles to offers a wide range of PET resin in flake and pellet forms. It also offers various services such as toll washing, toll flake processing, toll pelletizing, toll grinding, blending, and compounding.
Loop Industries Inc.
Loop Industries Inc. operates its business through a unified business segment. The company produces recycled PET plastics, which can be used for food-grade packaging such as water bottles.
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Recycle Market for Plastic Bottle Industry Product Outlook (Revenue, USD Billion, 2020-2024)
Recycle Market for Plastic Bottle Industry Regional Outlook (Revenue, USD Billion, 2020-2024)
- North America
- South America
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Global Plastic Waste Management Market – Global plastic waste management market by type (disposal, incineration, and recycling) and geography (APAC, Europe, MEA, North America, and South America).
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