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

  • Published: May 2022
  • Pages: 139
  • SKU: IRTNTR41198
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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

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

Recycle Market Size

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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?

Recycle Market Market segmentation by region

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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?

Recycle Market Segmentation

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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, Market condition analysis for forecast period

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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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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Grade Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Grade Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Grade Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Grade Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Grade Type
      • Exhibit 26: Chart on Comparison by Grade Type
      • Exhibit 27: Data Table on Comparison by Grade Type
    • 5.3 PET - Market size and forecast 2021-2026
      • Exhibit 28: Chart on PET - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on PET - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on PET - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on PET - Year-over-year growth 2021-2026 (%)
    • 5.4 HDPE - Market size and forecast 2021-2026
      • Exhibit 32: Chart on HDPE - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on HDPE - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on HDPE - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on HDPE - Year-over-year growth 2021-2026 (%)
    • 5.5 PP - Market size and forecast 2021-2026
      • Exhibit 36: Chart on PP - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on PP - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on PP - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on PP - Year-over-year growth 2021-2026 (%)
    • 5.6 Others - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by Grade Type
      • Exhibit 44: Market opportunity by Grade Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 India - Market size and forecast 2021-2026
      • Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 UK - Market size and forecast 2021-2026
      • Exhibit 90: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 91: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 92: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.14 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 Amcor Plc
              • Exhibit 101: Amcor Plc - Overview
              • Exhibit 102: Amcor Plc - Business segments
              • Exhibit 103: Amcor Plc - Key news
              • Exhibit 104: Amcor Plc - Key offerings
              • Exhibit 105: Amcor Plc - Segment focus
            • 10.4 Avangard Innovative LP
              • Exhibit 106: Avangard Innovative LP - Overview
              • Exhibit 107: Avangard Innovative LP - Product / Service
              • Exhibit 108: Avangard Innovative LP - Key offerings
            • 10.5 ECO2 PLASTICS Inc.
              • Exhibit 109: ECO2 PLASTICS Inc. - Overview
              • Exhibit 110: ECO2 PLASTICS Inc. - Product / Service
              • Exhibit 111: ECO2 PLASTICS Inc. - Key offerings
            • 10.6 EVERGREEN A GREENBRIDGE Co.
              • Exhibit 112: EVERGREEN A GREENBRIDGE Co. - Overview
              • Exhibit 113: EVERGREEN A GREENBRIDGE Co. - Product / Service
              • Exhibit 114: EVERGREEN A GREENBRIDGE Co. - Key offerings
            • 10.7 Loop Industries Inc.
              • Exhibit 115: Loop Industries Inc. - Overview
              • Exhibit 116: Loop Industries Inc. - Product / Service
              • Exhibit 117: Loop Industries Inc. - Key offerings
            • 10.8 NATIONAL RECOVERY TECHNOLOGIES LLC
              • Exhibit 118: NATIONAL RECOVERY TECHNOLOGIES LLC - Overview
              • Exhibit 119: NATIONAL RECOVERY TECHNOLOGIES LLC - Product / Service
              • Exhibit 120: NATIONAL RECOVERY TECHNOLOGIES LLC - Key offerings
            • 10.9 perPETual Technologies GmbH
              • Exhibit 121: perPETual Technologies GmbH - Overview
              • Exhibit 122: perPETual Technologies GmbH - Product / Service
              • Exhibit 123: perPETual Technologies GmbH - Key offerings
            • 10.10 Phoenix Technologies International LLC
              • Exhibit 124: Phoenix Technologies International LLC - Overview
              • Exhibit 125: Phoenix Technologies International LLC - Product / Service
              • Exhibit 126: Phoenix Technologies International LLC - Key offerings
            • 10.11 PTP GROUP Ltd.
              • Exhibit 127: PTP GROUP Ltd. - Overview
              • Exhibit 128: PTP GROUP Ltd. - Product / Service
              • Exhibit 129: PTP GROUP Ltd. - Key offerings
            • 10.12 UltrePET LLC
              • Exhibit 130: UltrePET LLC - Overview
              • Exhibit 131: UltrePET LLC - Product / Service
              • Exhibit 132: UltrePET LLC - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 133: Inclusions checklist
                • Exhibit 134: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 135: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 136: Research methodology
                • Exhibit 137: Validation techniques employed for market sizing
                • Exhibit 138: Information sources
              • 11.5 List of abbreviations
                • Exhibit 139: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Recycle for Plastic Bottle Industry market growth will increase by $4627.56 million during 2022-2026.
              The recycle for plastic bottle industry market is expected to grow at a CAGR of 7.67% during 2022-2026.
              Technavio has segmented the recycle for plastic bottle industry market by grade type (PET, HDPE, and PP) and geographic (APAC, Europe, North America, Middle East and Africa, South America, APAC, Europe, North America, and South America).
              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 are a few of the key vendors in the recycle for plastic bottle industry market.
              APAC will register the highest growth rate of 51.71% among the other regions. Therefore, the recycle for plastic bottle industry market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the recycle for plastic bottle industry market growth are:
              • The growing use of plastic bottles and their recycled forms
              • Growing focus on recycling plastic by manufacturing companies
              The recycle for plastic bottle industry market vendors should focus on grabbing business opportunities from the pet segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the variables influencing the market growth in the primary regions?
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