Report Code: CMI36205

Published Date: December 2023

Pages: 320+

Category: Chemicals And Materials

Report Snapshot

CAGR: 12.2%
4.1B
2022
4.4B
2023
8.2B
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Closed Loop Partners
  • Loop Industries Inc.
  • TOMRA Sorting GmbH
  • Veolia Environnement S.A.
  • ECOCEAN Recycling
  • Others

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Reports Description

Global Plastic Bottle Recycling Market is poised for substantial growth from 2023 to 2032, fueled by escalating environmental concerns, increasing awareness about sustainable practices, and a growing emphasis on circular economy principles.

The market is forecasted to achieve a Compound Annual Growth Rate (CAGR) of approximately 12.2% during this period. In 2023, the market is estimated to be valued at USD 4.4 Billion, and it is projected to reach USD 8.2 Billion by 2032.

Plastic bottle recycling, as a pivotal component of the circular economy, plays a crucial role in mitigating plastic pollution and fostering sustainable resource utilization.

Factors Influencing the Plastic Bottle Recycling Market Growth:

Material Diversity and Recycling Processes:

  • PET Bottles: Polyethylene Terephthalate (PET) bottles, commonly used for beverages, are extensively recycled through mechanical processes, contributing to the circular economy and reducing virgin plastic demand.
  • HDPE Bottles: High-Density Polyethylene (HDPE) bottles, prevalent in packaging for personal care and household products, undergo mechanical recycling to produce recycled HDPE resin for various applications.
  • PP Bottles: Polypropylene (PP) bottles, found in food and pharmaceutical packaging, are recycled through both mechanical and chemical processes, offering versatile solutions for circularity.

Recycling Technologies:

  • Mechanical Recycling: Mechanical processes involve sorting, shredding, and melting plastic bottles to produce recycled resin, suitable for a range of applications, including packaging, textiles, and construction.
  • Chemical Recycling: Chemical recycling methods break down plastic polymers into their constituent monomers, allowing for the production of new plastic with properties similar to virgin materials.

End-Use Industry Applications:

  • Beverages: Plastic bottle recycling in the beverage industry focuses on PET bottles, with an increasing trend toward using recycled PET (rPET) in the production of new beverage containers.
  • Personal Care: HDPE and PP bottles from personal care products undergo recycling processes, contributing to sustainability goals and reducing the environmental impact of packaging.
  • Pharmaceutical: Recycling of pharmaceutical plastic bottles, primarily made from PP, supports the pharmaceutical industry’s commitment to sustainable practices and waste reduction.
  • Food Packaging: Plastic bottles used for food packaging, including PET and HDPE containers, are recycled to create recycled resin for use in new food-grade packaging.

Circular Economy Principles:

  • Closed-Loop Systems: Adoption of closed-loop recycling systems, where recycled plastic is reintegrated into the production cycle, fosters a circular economy and minimizes the environmental footprint of plastic bottles.
  • Sustainable Packaging Initiatives: Increased focus on sustainable packaging solutions, driven by consumer demand and regulatory measures, accelerates the adoption of plastic bottle recycling across various industries.

Government Regulations and Sustainability Goals:

  • Extended Producer Responsibility (EPR): Implementation of EPR regulations, shifting responsibility to producers for the end-of-life management of plastic packaging, drives investments in recycling infrastructure.
  • Sustainability Targets: Governments and industries globally set ambitious sustainability targets, encouraging the adoption of plastic bottle recycling as a key strategy to achieve circular economy goals.

Consumer Awareness and Corporate Initiatives:

  • Environmental Consciousness: Growing awareness among consumers about plastic pollution and the importance of recycling fosters a culture of responsible consumption and drives demand for recycled products.
  • Corporate Sustainability Programs: Companies across industries commit to sustainability goals, with plastic bottle recycling forming a core component of their corporate responsibility and environmental stewardship initiatives.

Innovations in Recycling Technologies:

  • Advanced Sorting Technologies: Continuous advancements in sorting technologies, including artificial intelligence (AI) and robotic sorting systems, enhance the efficiency of plastic bottle recycling processes.
  • Chemical Recycling Innovations: Ongoing research and development in chemical recycling technologies contribute to the scalability and viability of processes that convert plastic waste into valuable feedstock.

Global Plastic Bottle Recycling Market – Mergers and Acquisitions:

Plastipak Holdings, Inc.’s Acquisition of Clean Tech UK Ltd.:

  • Details: Plastipak Holdings, Inc., a leading packaging solutions provider, acquired Clean Tech UK Ltd., a specialist in plastic recycling technologies.
  • Impact: The acquisition strengthens Plastipak’s position in the plastic bottle recycling market, enhancing its capabilities in sustainable packaging solutions.

Recycling Technologies Ltd.’s Collaboration with Loop Industries, Inc.:

  • Details: Recycling Technologies Ltd., a pioneer in advanced recycling solutions, collaborated with Loop Industries, Inc., a technology company specializing in depolymerization.
  • Impact: The collaboration aims to advance chemical recycling technologies, contributing to the development of scalable and efficient processes for plastic bottle recycling.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Plastic Bottle Recycling Market Pinatex Fiber Market Novel Smart Textile Market
CAGR 12.2% (Approx) CAGR 6.2% (Approx) CAGR 18.1% (Approx)
USD 8.2 Billion by 2032 USD 147.4 Million by 2032 USD 7.4 Billion by 2032

Challenges Impacting the Plastic Bottle Recycling Market:

Contamination and Sorting Challenges:

  • Challenge: Contamination of plastic bottles with non-recyclable materials and challenges in efficient sorting contribute to the complexity of the recycling process.
  • Impact: Investments in advanced sorting technologies and public awareness campaigns on proper recycling practices are essential to address contamination challenges.

Limited Collection Infrastructure:

  • Challenge: Inadequate collection infrastructure for plastic bottles in certain regions poses a challenge to efficient recycling, hindering the diversion of plastic waste from landfills.
  • Impact: Increased investments in collection infrastructure, along with collaborative efforts between stakeholders, are necessary to enhance plastic bottle recycling rates.

Quality of Recycled Resin:

  • Challenge: Maintaining the quality and purity of recycled resin derived from plastic bottle recycling processes is crucial for ensuring its suitability for diverse end-use applications.
  • Impact: Continuous research and development in recycling technologies, coupled with quality control measures, are essential to meet industry standards for recycled resin.

Market Demand for Recycled Products:

  • Challenge: The demand for products made from recycled plastic, especially food-grade applications, needs to align with the supply of high-quality recycled resin from plastic bottle recycling.
  • Impact: Market education initiatives and collaboration between industries and recyclers are vital to bridge the gap between the supply and demand for recycled materials.

Logistics and Transportation Challenges:

  • Challenge: The logistics and transportation of collected plastic bottles to recycling facilities, especially in remote or underserved areas, can be logistically challenging.
  • Impact: Improved logistical strategies, regional recycling infrastructure development, and incentives for efficient transportation can address these challenges.

Global Regulatory Variability:

  • Challenge: Diverse regulations and standards related to plastic bottle recycling across regions may create complexity and hinder a cohesive global approach.
  • Impact: Advocacy for harmonized global standards, and collaborative efforts among regulatory bodies, and industry associations can contribute to streamlining regulations.

Public Perception and Participation:

  • Challenge: Public perception and participation in plastic bottle recycling programs may vary, impacting the overall effectiveness of recycling initiatives.
  • Impact: Public awareness campaigns, educational programs, and incentives for recycling participation can contribute to positive behavioral changes and increased recycling rates.

Economic Viability of Recycling:

  • Challenge: The economic viability of plastic bottle recycling, including the cost of collection, sorting, and processing, can impact the overall sustainability of recycling operations.
  • Impact: Innovations in recycling technologies, cost-effective collection strategies, and circular economy business models are crucial for ensuring the economic feasibility of recycling initiatives.

Innovation in Packaging Materials:

  • Challenge: The continuous development of alternative packaging materials may pose challenges to the demand for recycled plastic bottles, requiring adaptability within the recycling industry.
  • Impact: Research and development efforts to enhance the sustainability and recyclability of plastic packaging, coupled with innovations in recycling technologies, can address this challenge.

Extended Producer Responsibility (EPR) Implementation:

  • Challenge: The successful implementation of EPR policies, which hold producers accountable for the end-of-life management of plastic bottles, requires comprehensive industry collaboration and compliance.
  • Impact: Proactive industry engagement, transparent reporting mechanisms, and collaboration with regulatory bodies are essential for effective EPR implementation.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 4.4 Billion
Projected Market Size in 2032 USD 8.2 Billion
Market Size in 2022 USD 4.1 Billion
CAGR Growth Rate 12.2% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Type, Recycling Process, End-Use Industry and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Segmentation Analysis of the Plastic Bottle Recycling Market:

By Type:

  • PET Bottles: Polyethylene Terephthalate (PET) bottles, commonly used for beverages, are extensively recycled through mechanical processes, contributing to the circular economy and reducing virgin plastic demand.
  • HDPE Bottles: High-Density Polyethylene (HDPE) bottles, prevalent in packaging for personal care and household products, undergo mechanical recycling to produce recycled HDPE resin for various applications.
  • PP Bottles: Polypropylene (PP) bottles, found in food and pharmaceutical packaging, are recycled through both mechanical and chemical processes, offering versatile solutions for circularity.

Global Plastic Bottle Recycling Market 2023–2032 (By Billion)

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By Recycling Process:

  • Mechanical Recycling: Mechanical processes involve sorting, shredding, and melting plastic bottles to produce recycled resin, suitable for a range of applications, including packaging, textiles, and construction.
  • Chemical Recycling: Chemical recycling methods break down plastic polymers into their constituent monomers, allowing for the production of new plastic with properties similar to virgin materials.

By End-Use Industry:

  • Beverages: Plastic bottle recycling in the beverage industry focuses on PET bottles, with an increasing trend toward using recycled PET (rPET) in the production of new beverage containers.
  • Personal Care: HDPE and PP bottles from personal care products undergo recycling processes, contributing to sustainability goals and reducing the environmental impact of packaging.
  • Pharmaceutical: Recycling of pharmaceutical plastic bottles, primarily made from PP, supports the pharmaceutical industry’s commitment to sustainable practices and waste reduction.
  • Food Packaging: Plastic bottles used for food packaging, including PET and HDPE containers, are recycled to create recycled resin for use in new food-grade packaging.

Global Plastic Bottle Recycling Market 2023–2032 (By Recycling Process)

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Regional Analysis of the Plastic Bottle Recycling Market:

North America:

  • Market Overview: North America leads in plastic bottle recycling, driven by stringent environmental regulations, strong consumer awareness, and the adoption of advanced recycling technologies.
  • Factors Driving Growth: Increased emphasis on sustainable packaging, government support for recycling initiatives, and collaboration between stakeholders contribute to the growth of the plastic bottle recycling market in North America.

Europe:

  • Market Overview: Europe demonstrates a commitment to circular economy principles, with extensive recycling infrastructure and regulatory frameworks promoting plastic bottle recycling across industries.
  • Factors Driving Growth: Government initiatives, such as the European Green Deal, and collaborative efforts between governments and industry players propel the growth of the plastic bottle recycling market in Europe.

Asia-Pacific:

  • Market Overview: The Asia-Pacific region experiences significant growth in plastic bottle recycling, driven by urbanization, rising consumer awareness, and the adoption of sustainable practices by industries.
  • Factors Driving Growth: Increasing investments in recycling infrastructure, growing public consciousness about plastic waste, and government support contribute to the expansion of the plastic bottle recycling market in Asia-Pacific.

Latin America:

  • Market Overview: Latin America shows a growing interest in plastic bottle recycling, with governments and industries recognizing the importance of environmental sustainability and circular economy principles.
  • Factors Driving Growth: Economic development, rising awareness of plastic pollution, and investments in recycling infrastructure contribute to the growth of the plastic bottle recycling market in Latin America.

Global Plastic Bottle Recycling Market 2023–2032 (By Type)

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List of the prominent players in the Plastic Bottle Recycling Market:

  • Recycling Technologies Ltd.
  • Plastipak Holdings Inc.
  • Avangard Innovative
  • Indorama Ventures Public Company Limited
  • Closed Loop Partners
  • Loop Industries Inc.
  • TOMRA Sorting GmbH
  • Veolia Environnement S.A.
  • ECOCEAN Recycling
  • Phoenix Technologies International LLC
  • Clean Tech UK Ltd.
  • MBA Polymers Inc.
  • ReNew ELP Limited
  • Repurpose Global PBC
  • ALPLA Werke Alwin Lehner GmbH & Co KG
  • Others

The Plastic Bottle Recycling Market is segmented as follows:

By Type

  • PET Bottles
  • HDPE Bottles
  • PP Bottles
  • Others

By Recycling Process

  • Mechanical Recycling
  • Chemical Recycling

By End-Use Industry

  • Beverages
  • Personal Care
  • Pharmaceutical
  • Food
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Plastic Bottle Recycling Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Plastic Bottle Recycling Market: snapshot
  • Chapter 3. Global Plastic Bottle Recycling Market – Industry Analysis
    • 3.1 Plastic Bottle Recycling Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Material Diversity and Recycling Processes
      • 3.2.2 Recycling Technologies
      • 3.2.3 End-Use Industry Applications
      • 3.2.4 Circular Economy Principles
      • 3.2.5 Government Regulations and Sustainability Goals
      • 3.2.6 Consumer Awareness and Corporate Initiatives
      • 3.2.7 Innovations in Recycling Technologies.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Type
      • 3.7.2 Market Attractiveness Analysis By Recycling Process
      • 3.7.3 Market Attractiveness Analysis By End-Use Industry
  • Chapter 4. Global Plastic Bottle Recycling Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Plastic Bottle Recycling Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Plastic Bottle Recycling Market – Type Analysis
    • 5.1 Global Plastic Bottle Recycling Market Overview: By Type
      • 5.1.1 Global Plastic Bottle Recycling Market Share, By Type, 2022 and – 2033
    • 5.2 PET Bottles
      • 5.2.1 Global Plastic Bottle Recycling Market by PET Bottles, 2024 – 2033 (USD Billion)
    • 5.3 HDPE Bottles
      • 5.3.1 Global Plastic Bottle Recycling Market by HDPE Bottles, 2024 – 2033 (USD Billion)
    • 5.4 PP Bottles
      • 5.4.1 Global Plastic Bottle Recycling Market by PP Bottles, 2024 – 2033 (USD Billion)
    • 5.5 Others
      • 5.5.1 Global Plastic Bottle Recycling Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Plastic Bottle Recycling Market – Recycling Process Analysis
    • 6.1 Global Plastic Bottle Recycling Market Overview: By Recycling Process
      • 6.1.1 Global Plastic Bottle Recycling Market Share, By Recycling Process, 2022 and – 2033
    • 6.2 Mechanical Recycling
      • 6.2.1 Global Plastic Bottle Recycling Market by Mechanical Recycling, 2024 – 2033 (USD Billion)
    • 6.3 Chemical Recycling
      • 6.3.1 Global Plastic Bottle Recycling Market by Chemical Recycling, 2024 – 2033 (USD Billion)
  • Chapter 7. Global Plastic Bottle Recycling Market – End-Use Industry Analysis
    • 7.1 Global Plastic Bottle Recycling Market Overview: By End-Use Industry
      • 7.1.1 Global Plastic Bottle Recycling Market Share, By End-Use Industry, 2022 and – 2033
    • 7.2 Beverages
      • 7.2.1 Global Plastic Bottle Recycling Market by Beverages, 2024 – 2033 (USD Billion)
    • 7.3 Personal Care
      • 7.3.1 Global Plastic Bottle Recycling Market by Personal Care, 2024 – 2033 (USD Billion)
    • 7.4 Pharmaceutical
      • 7.4.1 Global Plastic Bottle Recycling Market by Pharmaceutical, 2024 – 2033 (USD Billion)
    • 7.5 Food
      • 7.5.1 Global Plastic Bottle Recycling Market by Food, 2024 – 2033 (USD Billion)
    • 7.6 Others
      • 7.6.1 Global Plastic Bottle Recycling Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 8. Plastic Bottle Recycling Market – Regional Analysis
    • 8.1 Global Plastic Bottle Recycling Market Regional Overview
    • 8.2 Global Plastic Bottle Recycling Market Share, by Region, 2022 & – 2033 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Plastic Bottle Recycling Market, 2024 – 2033 (USD Billion)
        • 8.3.1.1 North America Plastic Bottle Recycling Market, by Country, 2024 – 2033 (USD Billion)
    • 8.4 North America Plastic Bottle Recycling Market, by Type, 2024 – 2033
      • 8.4.1 North America Plastic Bottle Recycling Market, by Type, 2024 – 2033 (USD Billion)
    • 8.5 North America Plastic Bottle Recycling Market, by Recycling Process, 2024 – 2033
      • 8.5.1 North America Plastic Bottle Recycling Market, by Recycling Process, 2024 – 2033 (USD Billion)
    • 8.6 North America Plastic Bottle Recycling Market, by End-Use Industry, 2024 – 2033
      • 8.6.1 North America Plastic Bottle Recycling Market, by End-Use Industry, 2024 – 2033 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Plastic Bottle Recycling Market, 2024 – 2033 (USD Billion)
        • 8.7.1.1 Europe Plastic Bottle Recycling Market, by Country, 2024 – 2033 (USD Billion)
    • 8.8 Europe Plastic Bottle Recycling Market, by Type, 2024 – 2033
      • 8.8.1 Europe Plastic Bottle Recycling Market, by Type, 2024 – 2033 (USD Billion)
    • 8.9 Europe Plastic Bottle Recycling Market, by Recycling Process, 2024 – 2033
      • 8.9.1 Europe Plastic Bottle Recycling Market, by Recycling Process, 2024 – 2033 (USD Billion)
    • 8.10 Europe Plastic Bottle Recycling Market, by End-Use Industry, 2024 – 2033
      • 8.10.1 Europe Plastic Bottle Recycling Market, by End-Use Industry, 2024 – 2033 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Plastic Bottle Recycling Market, 2024 – 2033 (USD Billion)
        • 8.11.1.1 Asia Pacific Plastic Bottle Recycling Market, by Country, 2024 – 2033 (USD Billion)
    • 8.12 Asia Pacific Plastic Bottle Recycling Market, by Type, 2024 – 2033
      • 8.12.1 Asia Pacific Plastic Bottle Recycling Market, by Type, 2024 – 2033 (USD Billion)
    • 8.13 Asia Pacific Plastic Bottle Recycling Market, by Recycling Process, 2024 – 2033
      • 8.13.1 Asia Pacific Plastic Bottle Recycling Market, by Recycling Process, 2024 – 2033 (USD Billion)
    • 8.14 Asia Pacific Plastic Bottle Recycling Market, by End-Use Industry, 2024 – 2033
      • 8.14.1 Asia Pacific Plastic Bottle Recycling Market, by End-Use Industry, 2024 – 2033 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Plastic Bottle Recycling Market, 2024 – 2033 (USD Billion)
        • 8.15.1.1 Latin America Plastic Bottle Recycling Market, by Country, 2024 – 2033 (USD Billion)
    • 8.16 Latin America Plastic Bottle Recycling Market, by Type, 2024 – 2033
      • 8.16.1 Latin America Plastic Bottle Recycling Market, by Type, 2024 – 2033 (USD Billion)
    • 8.17 Latin America Plastic Bottle Recycling Market, by Recycling Process, 2024 – 2033
      • 8.17.1 Latin America Plastic Bottle Recycling Market, by Recycling Process, 2024 – 2033 (USD Billion)
    • 8.18 Latin America Plastic Bottle Recycling Market, by End-Use Industry, 2024 – 2033
      • 8.18.1 Latin America Plastic Bottle Recycling Market, by End-Use Industry, 2024 – 2033 (USD Billion)
    • 8.19. The Middle East and Africa
      • 8.19.1 The Middle-East and Africa Plastic Bottle Recycling Market, 2024 – 2033 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Plastic Bottle Recycling Market, by Country, 2024 – 2033 (USD Billion)
    • 8.20 The Middle-East and Africa Plastic Bottle Recycling Market, by Type, 2024 – 2033
      • 8.20.1 The Middle-East and Africa Plastic Bottle Recycling Market, by Type, 2024 – 2033 (USD Billion)
    • 8.21 The Middle-East and Africa Plastic Bottle Recycling Market, by Recycling Process, 2024 – 2033
      • 8.21.1 The Middle-East and Africa Plastic Bottle Recycling Market, by Recycling Process, 2024 – 2033 (USD Billion)
    • 8.22 The Middle-East and Africa Plastic Bottle Recycling Market, by End-Use Industry, 2024 – 2033
      • 8.22.1 The Middle-East and Africa Plastic Bottle Recycling Market, by End-Use Industry, 2024 – 2033 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Recycling Technologies Ltd.
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Plastipak Holdings Inc.
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Avangard Innovative
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Indorama Ventures Public Company Limited
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Closed Loop Partners
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Loop Industries Inc.
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 TOMRA Sorting GmbH
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Veolia Environnement S.A.
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 ECOCEAN Recycling
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Phoenix Technologies International LLC
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Clean Tech UK Ltd.
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 MBA Polymers Inc.
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 ReNew ELP Limited
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Repurpose Global PBC
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 ALPLA Werke Alwin Lehner GmbH & Co KG
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Others.
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
List Of Figures

Figures No 1 to 27

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Recycling Technologies Ltd.
  • Plastipak Holdings Inc.
  • Avangard Innovative
  • Indorama Ventures Public Company Limited
  • Closed Loop Partners
  • Loop Industries Inc.
  • TOMRA Sorting GmbH
  • Veolia Environnement S.A.
  • ECOCEAN Recycling
  • Phoenix Technologies International LLC
  • Clean Tech UK Ltd.
  • MBA Polymers Inc.
  • ReNew ELP Limited
  • Repurpose Global PBC
  • ALPLA Werke Alwin Lehner GmbH & Co KG
  • Others

FAQs

The key factors driving the Market are Material Diversity and Recycling Processes, Recycling Technologies, End-Use Industry Applications, Circular Economy Principles, Government Regulations and Sustainability Goals, Consumer Awareness and Corporate Initiatives And Innovations in Recycling Technologies.

The “PET Bottles” category dominated the market in 2022.

The key players in the market are Recycling Technologies Ltd., Plastipak Holdings Inc., Avangard Innovative, Indorama Ventures Public Company Limited, Closed Loop Partners, Loop Industries Inc., TOMRA Sorting GmbH, Veolia Environnement S.A., ECOCEAN Recycling, Phoenix Technologies International LLC, Clean Tech UK Ltd., MBA Polymers Inc., ReNew ELP Limited, Repurpose Global PBC, ALPLA Werke Alwin Lehner GmbH & Co KG, Others.

“Europe” had the largest share in the Plastic Bottle Recycling Market.

The global market is projected to grow at a CAGR of 12.2% during the forecast period, 2023-2032.

The Plastic Bottle Recycling Market size was valued at USD 4.4 Billion in 2023.

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