Recycle Market for Plastic Bottle Industry by Grade Type and Geography - Forecast and Analysis 2022-2026

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

What will the Recycle Market Size for Plastic Bottle Industry be During the Forecast Period?

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Recycle Market for Plastic Bottle Industry: Key Drivers, Trends, and Challenges

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

• One of the key factors driving the global recycle market growth for plastic bottle industry is the growing use of plastic bottles and their recycled forms.
• The demand for plastic bottles is increasing owing to the rise in demand for various consumer products, such as beverages as well as the growing disposable income.
• The increasing number of plastic bottles being produced is resulting in an increase in the generation of plastic waste.
• With the increasing number of applications of recycled plastic from bottles, the global recycling market for plastic bottle industry will grow at a steady rate in the coming years.
• Innovation and new technologies allow plastic bottles to be recycled and used for different purposes. For instance;
  • Plastic bottles can be hydrolyzed to monomeric form and converted to food-grade plastic post purification and re-polymerization.
• Such factors will also help in reducing the cost of bottle-to-bottle recycling, which will further increase the demand for recycled plastic from bottles. 

Key Recycle Market Trend for Plastic Bottle Industry

• Growing focus on recycling plastic by manufacturing companies is one of the key recycle market trends for plastic bottle industry that is expected to impact the industry positively in the forecast period.
• According to the World Economic Forum, plastic packaging waste leads to a loss of USD 80 billion to USD 120 billion to the global economy every year. Thus, various companies are volunteering to help achieve plastic-free targets. For instance; 
  • Colgate-Palmolive committed to 100% recyclability of packaging across all its product categories by 2025.
  • In 2018, Danone announced that its brand Evian would make all its plastic bottles from 100% recycled plastic by 2025.  
  • 11 other brands, retailers, and packaging companies, such as Mars, M&S, PepsiCo, Unilever, Walmart, and Werner & Mertz have committed to using 100% reusable, recyclable, or compostable packaging by 2025 or earlier.
• Hence, growing commitment from large and popular consumer goods companies will further boost the demand for recycled plastic as well as plastic bottle recycling.

Key Recycle Market Challenge for Plastic Bottle Industry

• One of the key challenges to the global plastic bottle recycling market growth is the low recycling rate.
• The lack of infrastructure related to waste collection and management is a major challenge for the global recycling market for plastic bottle industry.
• The mass production of plastics has been on the rise, creating around 8.3 billion metric tons of plastic in the last six decades, out of which 6.3 billion metric tons became plastic waste and only around 9% were recycled.
• The failure of most material recovery facilities and local authorities in collecting plastic waste due to a lack of resources will further challenge the market growth.
• About 2 billion people across the world do not have access to basic waste collection services.
• By 2050, there will be 12 billion metric tons of plastic in landfills if the present trends continue, with the majority being plastic bottles and containers.
• Such factors are expected to hamper the growth of the global recycling market for plastic bottle industry during the forecast period.

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.

Parent Market Analysis

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.

Who are the Major Recycle Market Vendors for Plastic Bottle Industry?

The report analyzes the market's competitive landscape and 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.
• Worn Again Technologies

 

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.

Product Insights and News

• Amcor Plc - The company offers to recycle polyethylene terephthalate and other plastic resins. 
• Amcor Plc - In January 2022, the company announced a new platform for paper-based packaging products to provide a wide range of features and functional benefits to meet the changing needs of consumers. 

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.

Recycle Market for Plastic Bottle Industry Value Chain Analysis

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.

Which are the Key Regions for Recycle Market For Plastic Bottle Industry?

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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.

What are the Revenue-generating Grade Type Segments in the Recycle Market for Plastic Bottle Industry?

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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.

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What are the Key Data Covered in this Recycle Market for Plastic Bottle Industry Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive recycle market growth for plastic bottle industry during the next five years
• Precise estimation of the recycle market size for plastic bottle industry  and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the recycle market for plastic bottle industry across APAC, Europe, North America, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of recycle market vendors for plastic bottle industry 

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