The automation trend is likely to add momentum to the global PET Bottle Recycling Business Plan growth. Deployment of technologies, such as robotics and infrared radiation solutions to sort bottles and execute other recycling procedures, is anticipated to propel the global PET Bottle Recycling Business Plan in years to come.

Segmental Outline

The worldwide PET Bottle Recycling Business Plan is assessed in segments to obtain a comprehensive understanding. The market is analyzed based on recycling process and application. By recycling process, the market is segmented into mechanical, methanolysis, glycolysis, and chemical. PET recycling reduces dependency on oil and gas, decreases greenhouse gas emission, and most importantly curb landfills. The availability of different types of recycling procedures gives recyclers the advantage of choices. This is expected to spur the global PET Bottle Recycling Business Plan. By application, the market segments are; pharmaceuticals, consumer goods, beverages, and personal care. An increase in PET packaging application across different verticals can dictate the market progress.

Regional Outlook

APAC is expected to lead in the global market of PET Bottle Recycling Business Plan. MRFR states that the Asia Pacific PET Bottle Recycling Business Plan is likely to surge at a 6.59% CAGR across the review period owing to several factors. Extensive application of PET in the packaging of food and beverages is identified as the major factor for the expansion of regional market. The presence of numerous key players and they adopting strategic PET bottle recycling business plans are expected to support the regional market expansion. The market in India is expected to thrive at 7.49% CAGR in the forecast period due to increase in the population base that is creating the need for more food consumption.

Key Players

MRFR profiled key players of the global PET Bottle Recycling Business Plan. They are; CarbonLITE Industries (USA), Clear Path Recycling (USA), Indorama Ventures Public Company Limited (Thailand), Krones AG (Germany), Plastipak Holdings, Inc. (the USA), Phoenix Technologies (USA), PFR Nord GmbH (Germany), and UltrePET LLC (USA).