Recycling Industry for Plastic Bottles – Global Market Research & Analysis from Technavio
By Business Wire News
By Business Wire News
Technavio has published a new report on the global recycling market for the plastic bottle industry,which is expected to grow at a CAGR of nearly 4% from 2015-2019.
Recycling market segmentation including type and geography
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation per type of bottle recycled, including polyethylene terephthalate (PET), high-density polyethylene (HDPE) and polypropylene (PP).
Additionally, analysts have segmented market projections by key geography, focusing on the APAC region, EMEA and the Americas.
“The global demand for plastic and related products is growing at a significant rate, driven by the benefits that plastic has over other materials like iron, steel, aluminum and other metals,” says Faisal Ghaus, Vice President of Technavio.
“Proper and efficient plastic recycling can help mitigate various environmental threats like global warming, ozone layer depletion and pollution, thus boosting the plastic recycling market over the forecast period.”
Plastic recycling: Market scope and calculation of market size
This report covers the present scenario and growth prospects in the global recycling market for the plastic bottle industry from 2015-2019. The report presents the vendor landscape and a corresponding detailed analysis of the top vendors in the market.
Industry analysis includes:
- Key Vendors:
- Advanced Environmental Recycling Technologies
- Avangard Innovative
- Phoenix Technologies International
- Market Growth Drivers:
- Growing Prospects for Recycled Products
- Lower GHG Emissions
- Market Challenges:
- Lack of Awareness for Recycled Plastic Products
- Inefficient Waste Segregation System Leading to Contamination
- Market Trends:
- Growing Environmental Concerns Boosting the Plastic Recycle Market
- Increase in Plastic Recycling Rate
View the global recycling market for the plastic bottle industry report.
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