Recycled PET Industry to Demonstrate Robust Growth Rate, Says Merchant Research & Consulting in Its Topical Report
By Business Wire News
By Business Wire News
Post-consumer PET recycling is a prospective business whose importance could be hardly overestimated due to ever-present environmental concerns and high value of PET among all other recyclables. PET products actually have a very slow decomposition rate and are non-degradable plastics in normal conditions. The PET bottle was patented in 1973, and its first recycling started in 1977. Since that time, the PET recycling industry has been exhibiting a steady growth rate driven by multiple factors: general PET consumption rise backed by affiliated industries (e.g. such country as Australia alone consumes over 100,000 tons of PET each year); improvements in waste reduction regulation and waste management techniques (these directly affect recycling rates); new theoretical insights into social change and consumption patterns (e.g. popularity of social marketing interventions and other similar approaches focused on waste reduction and environmental protection); continued development of technologies and numerous innovations at all stages of PET recycling, recovery and waste separation (PET recycling cost reduction has been a general trend over years); behaviour changes demonstrated by businesses, policy-makers and ordinary consumers; origination of responsible market facilitators from NGOs to such specialized entities as a council for PET bottle recycling in Tokyo; to name only a few. In global terms, PET recycling structure is as follows (by the end-market): fibre market (carpets, apparel, etc) – about 70%; liquid containers (food and non-food grades) – 12%; films – 11%; industrial strapping – 4%; other (automotive parts, packaging, etc) – 3% (some volumes of recycled PET are involved in exports).
However, end-use split for recycled PET shows large variance from region to region (large variance is also demonstrated by different countries and even cities with such leaders as Amsterdam, which recycles 43% of all waste and 64% of household waste). Fibres dominate the recycled PET market in the USA, where half of all polyester carpets is made from recycled PET, while Europe prefers to use reclaimed PET for bottle production. Experts predict that post-consumer PET recycling will hit 13 million tons by 2018. However, environmental concerns may trigger the opposite, less comfortable, dynamics for the PET recycling industry. There exist opinions that plastic bottles should be banned, but more reasonable solution will be to phase out all products that can not be continually reused or up-cycled in their present form.
More information on the PET market can be found in the in-demand topical research report “Polyethylene Terephthalate (PET) 2015 World Market Outlook and Forecast up to 2019” prepared by Merchant Research & Consulting Ltd.
Title: Polyethylene Terephthalate (PET) 2015 World Market Outlook and Forecast up to 2019
Price: US$ 4,500.00
This research study is a reliable source of cutting-edge data on the performance of the worldwide PET market; it contains a clear description of the current industry state, historical insights and also a set of forecasts through 2019. The report gives access to updated statistics on the PET production, demand, foreign trade and prices at the global, regional and country scales. This report also provides a through overview of the competitive landscape along with detailed profiles of the top market players, points out the promising opportunities as well as the major challenges of the market, examines the main factors shaping the market and also explores the situation in the upstream and downstream markets.
Reasons to Buy:
- enrich knowledge of the global PET market scenario;
- become aware of the top trends in the world PET market;
- get access to detailed statistics on production, consumption and foreign trade;
- learn about the historical development of the PET market;
- gain a clear understanding of emerging market opportunities;
- find out useful information on competitive pressures within the market and, thus, create successful market strategies;
- get an idea of possible future development trends of the PET market.
More topical reports by Merchant Research & Consulting can be found at the website.
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