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Technavio analysts have forecasted that the recycle market share for plastic bottle industry will surge by USD 4.62 billion by 2026 at an accelerating CAGR of 7.67%.
The recycle market for plastic bottle industry report extensively covers market segmentation by grade type (PET, HDPE, PP, and others) and geography (APAC, Europe, North America, Middle East and Africa, and South America).
The recycle market for plastic bottle industry report also offers information on several market vendors, including Amcor Plc, Avangard Innovative LP, Complete Recycling LLC, ECO2 PLASTICS Inc., Ecoplast Solutions, Envipco Holding N.V., EREMA Engineering Recycling Maschinen und Anlagen Ges.m.b.H., EVERGREEN A GREENBRIDGE Co., Ioniqa Technologies B.V., Loop Industries Inc., MoistureShield, NATIONAL RECOVERY TECHNOLOGIES LLC, perPETual Technologies GmbH, Phoenix Technologies International LLC, PlastiKetic Co., PTP GROUP Ltd., Recycle Clear, UltrePET LLC, United Resource Recovery Corp., and Worn Again Technologies among others. Furthermore, this report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches
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Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growing use of plastic bottles and their recycled forms is notably driving the recycle market growth for plastic bottle industry, although factors such as the low recycling rate may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the recycling market for the plastic bottle industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Recycle Market Driver for Plastic Bottle Industry
Key Recycle Market Trend for Plastic Bottle Industry
Key Recycle Market Challenge for Plastic Bottle Industry
This recycle market for plastic bottle industry analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global recycling market for the plastic bottle industry as a part of the global environmental and facilities services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the recycle market for plastic bottle industry during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the recycle market for plastic bottle industry encompasses successful business strategies deployed by the key vendors. The recycle market for plastic bottle industry is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The recycle market for plastic bottle industry forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the recycle market for plastic bottle industry, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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52% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for the recycling of plastic bottles in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The rapid population and economic growth have resulted in increased consumption of beverages and bottled water, which has led to a rise in the use of plastic bottles and subsequent waste generation. This will facilitate the recycle market for plastic bottle industry growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2021, the outbreak of COVID-19 hampered the growth of the market in the region, owing to the temporary closure of several recycling plants under the lockdown measures implemented by the governments of different countries. This adversely affected supply chain activities in the region. Other factors such as price war, along with the growing application and focus on recycled plastic, will result in the moderate growth of the recycle market for plastic bottle industry in the region during the forecast period.
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The recycle market for plastic bottle industry share growth by the PET segment will be significant during the forecast period. IRV encourages consumers to return their containers for recycling and claim deposit refunds. This method has helped communities in countries such as Lithuania, Turkey, and Australia to reduce litter by collecting many PET beverage containers. This will drive the market growth through this segment in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the recycle market for plastic bottle industry size and actionable market insights on post COVID-19 impact on each segment.
Recycle Market Scope for Plastic Bottle Industry |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.67% |
Market growth 2022-2026 |
$4.62 billion |
Market structure |
Fragmented |
YoY growth (%) |
7.03 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 52% |
Key consumer countries |
US, China, India, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Amcor Plc, Avangard Innovative LP, Complete Recycling LLC, ECO2 PLASTICS Inc., Ecoplast Solutions, Envipco Holding N.V., EREMA Engineering Recycling Maschinen und Anlagen Ges.m.b.H., EVERGREEN A GREENBRIDGE Co., Ioniqa Technologies B.V., Loop Industries Inc., MoistureShield, NATIONAL RECOVERY TECHNOLOGIES LLC, perPETual Technologies GmbH, Phoenix Technologies International LLC, PlastiKetic Co., PTP GROUP Ltd., Recycle Clear, UltrePET LLC, United Resource Recovery Corp., and Worn Again Technologies |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Grade Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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