Plastic Bottle Recycling Market Size, Share, and Analysis, By Material, By Application, By Technology and Regional Forecasts, 2022

Plastic Bottle Recycling Market Size, Share, and Analysis, By Material (Polyethylene Terephthalate {PET}, Polypropylene {PP}, High-density Polyethylene {HDPE}, Low-density Polyethylene {LDPE}, Polyvinyl Chloride {PVC} and Other), By Application (Non-Food Packaging, Food Packaging, Construction, Automotive, and Others), By Technology (Chemical, Dissolution, Mechanical, Organic, Other) and Regional Forecasts, 2022-2032.

New York, May 26, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Plastic Bottle Recycling Market Size, Share, and Analysis, By Material, By Application, By Technology and Regional Forecasts, 2022-2032" - https://www.reportlinker.com/p06458669/?utm_source=GNW PRODUCT OVERVIEW:Plastic Bottle Recycling market size was valued at USD 4.27 billion in 2021 and projected to grow from USD 4.8 billion in 2023 to USD 7.93 billion by 2032, exhibiting a CAGR of 5.8% during the forecast period.Plastic bottle recycling is a process to recover scrap plastic waste and reprocessing it into useful products. Recycling plastic reduces the plastic pollution as they are non-biodegradable and has less pressure on virgin materials to produce new plastic products and aiding in conserving resources. Recycled plastics have limited use. Plastic bottles used for packaging food & beverage and the recycling of plastic has several uses in applications like films, consumer products, beauty care products, and pharmaceuticals.MARKET HIGHLIGHTSPlastic Bottle Recycling Market is expected to project a CAGR of 5.8% during the forecast period, 2022-2032Plastic Bottle Recycling market is expected to reach USD 7.93 billion, growing at a CAGR of 5.8% during forecast period owing to the rising application of restrictions on use of single-use polymer along with the government initiatives are awaited to drive the growth of plastic bottle recycling market. The development & transformation of products like films, containers, bottles, and cutlery utilizing Post-Consumer Recycled (PCR) plastics will aid in the growth of Plastic Bottle Recycling market.PLASTIC BOTTLE RECYCLING MARKET SEGMENTATION:Polyethylene Terephthalate (PET) segment is expected to dominate in 2022-2032Plastic Bottle Recycling Market is classified based on the Material into Polyethylene Terephthalate {PET}, Polypropylene {PP}, High-density Polyethylene (HDPE), Low-density Polyethylene {LDPE}, Polyvinyl Chloride {PVC} and Other. Polyethylene terephthalate is expected to dominate the market during the forecast period owing to the utilization of PET for food packaging and bottling. PET is lightweight, non-toxic and durable which creates demand in packaging of food & beverage products.Non-Food Packaging segment is expected to dominate in the forecast periodMARKET DYNAMICS: Growth Drivers• Increasing Adoption of Recycled Products is Expected to Boost the Market Growth• Rising Awareness on Utilization of Recycled Plastic Will Aid in the Market GrowthRestraintPreference for Virgin Plastics May Hamper the Market GrowthPLASTIC BOTTLE RECYCLING MARKET:• The Coca-Cola Company Incorporated• Ultra Poly Corporation• KW Plastics• MBA Polymers • CarbonLite Industries LLC• Clear Path Recycling• Veolia • Custom Polymers• Suez • B. Schoenberg & Co.• Fresh Pak Corporation• B&B Plastics• Envision Plastics Industries LLC • Green Line Polymers• Plastipak Holdings• Jayplas• Other Prominent PlayersRegional AnalysisPlastic Bottle Recycling Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific region dominated the Plastic Bottle Recycling Market in 2021 and is also expected to dominate the same over the forecast period owing to the countries in this region using Recycled Plastic and presence of key market players in this region who are focusing on recycling of plastic bottles. The rising growth of packaging industry is expected to accelerate the market in this region. PLASTIC BOTTLE RECYCLING MARKET SEGMENTS:Material • Polyethylene Terephthalate {PET}• Polypropylene {PP}• High-density Polyethylene {HDPE}• Low-density Polyethylene {LDPE}• Polyvinyl Chloride {PVC}• OtherApplication • Non-Food Packaging• Food Packaging• Construction• Automotive• OthersTechnology • Chemical• Dissolution• Mechanical• Organic• OtherReasons to Purchase this Report.• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysisRead the full report: https://www.reportlinker.com/p06458669/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. 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