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PET Bottle Recycling Market Research and Synopsis By Chemical and Mechanical Process | Global Forecast for next 5 years
Mar 26, 2018 (AB Digital via COMTEX) --

Pet Bottle Recycling Market Report Information: By Process (Chemical, Mechanical), Application (Beverages, Personal Care, Pharmaceutical, Consumer Goods, And Others), And Region - Global Forecast To 2023 

Global PET Bottle Recycling Market, By Process (Chemical, Mechanical), By Application (Beverages, Personal Care, Pharmaceutical, Consumer goods, and others) - Forecast 2016-2023. 

Market Synopsis:     

Plastic is produced from non-renewable resources such as petroleum, without which we will experience complications in life. Thus, the cost of plastic material depends on the oil prices. Growing demand for plastics from numerous industries such as packaging, pharmaceutical, beverage, and construction is expected to propel the growth of the recycled plastics market across the globe. 

The demand for bottled water market is growing in the eastern part of Europe. Thus, the plastic waste management becomes the important issue. Therefore, plastic recycling is one of the preferred solutions adopted by the European countries. Similarly, recycling plastic bottles also helps to conserve natural resources, particularly oil, which is a non-renewable natural resource. The Environmental Protection Agency (EPA) estimates that recycling one ton of plastic conserves approximately 3.8 barrels of crude oil. However, high operational costs hamper the growth of the market significantly. The global plastic bottle recycling market is expected to show a staggering growth during the forecast period. 

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PET Bottle Recycling: 

PET is the most recycled plastic packaging material in Europe. It is expected that the demand for plastic recycling plants in Europe is likely to increase significantly in the years to come. By the end of 2025, sorting and recycling plants with an estimated capacity of 5.2 million tons will be commissioned. As of now, Europe has almost 1,200 active plastic sorting and recycling plants. 

In Spain, there isn’t any consumer PET return policy like in the northern EU states and the regulating agencies yet to implement such policies. Most of the plastics end in landfills making the recycling rate low. CICLOPLAST is a Spanish national agency that encourages PET recycling in Spain. It focusses mainly on recycling plastics in the agriculture as that’s where plastic and its chemical compounds cause the most damage. Spain is now investing in the chemical recycling sites. 

Environmental Implications 

Reduction in Emissions of Greenhouse Gases 

The plastic manufacturing process results in the formation of greenhouse gases, including carbon dioxide, which is responsible for a global warming effect. The recycling of plastic water bottles requires less energy and fossil fuels; it also helps in fewer greenhouse gas emissions. The Environmental Protection Agency estimates that the average family can reduce their carbon dioxide emissions by up to 340 pounds annually simply be recycling their plastic waste 

Health Impacts 

The recycled plastics can have negative impacts on human health. At a basic level, in facilities where manual sorting is still in place, workers may risk injury and disease while sorting materials. There is a risk of plastic waste recycling affecting local populations in countries with less stringent regulations than in the EU. 

Europe Recycling Industry in Next Five Years 

In Europe, the interest for recycling continues to encourage consumers for a cleaner environment, but the main motivation for sustained and successful recycling rates has been government legislation. 

The continuous innovation and demand during the last decade made the PET recycling process and technology to become more dependent on automation, which resulted in cleaner production. With the inevitable trend in the growth of the PET industry, the regenerated fiber market is moving towards saturation and B-to-B grade recycling systems drawing more attention and popularity. In the near future, the B-to-B recycling systems are expected to become market mainstream. Factors such as high valued recovery system, sophisticated technology with low labor input are expected to propel the demand for PET recycling industry. The importance of a high-quality recycled PET is expected to rise in the years to come. 

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The PET recycling industry in Eastern Europe still has a long way to go with no proper waste management methods in most of the countries in the region. However, in the last 5 years, there is an increase of production capacities, especially in the CIS countries and Poland.

Creating new materials from existing materials uses significantly less energy than raw materials. According to the Environmental Protection Agency, recycling one pound of polyethylene terephthalate (PET), which is the most commonly used plastic material in water bottles, conserves approximately 12,000 BTUs (British thermal units) of heat energy. The recycling process uses up to two-thirds less energy than traditional manufacturing. Thus, it has significantly reduced the pressure on the traditional power grid, which uses the fossil fuels. 

The key players in the global

The report for Global PET Bottle Recycling Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.       

 

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

 

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.



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