Plastic Bottle Recycling Market to Grow at 3% CAGR to 2019 Says a New Research Report at ReportsnReports.com
Dallas, TX (PRWEB) May 23, 2015 -- This new research on the plastic bottle recycling market, says global demand for plastic and related products is growing at a significant rate, driven by the various benefits of plastic materials over iron, steel, aluminum, and other metals. Plastic finds its use in various industries such as automotive, healthcare, defense, oil and gas, energy, and others. This is one of the major reasons for plastic recycling being in the spotlight in recent years. In addition, recycling plastic materials, including plastic bottles are important from the environmental point of view. With the proper and efficient recycling of plastic, various environmental threats such as global warming, ozone layer depletion, and pollution can be solved to a great extent. This will help boost the plastic bottle recycling market in the near future.
This complete report on plastic bottle recycling market spread across 58 pages and provides 16 Exhibits to support the market analysis. Read more on the Global Recycle Market for Plastic Bottle Industry 2015-2019 report at http://www.reportsnreports.com/reports/400746-global-recycle-market-for-plastic-bottle-industry-2015-2019.html.
The analysts forecast global plastic bottle recycling market to grow at a CAGR of 3.9% over the period 2014-2019. According to the plastic bottle recycling market report, rapidly growing populations and economic expansion has led to increased demand for energy, basic industrial commodities, and consumer goods. The growing requirement of plastic bottles from automotive, healthcare, oil and gas, construction, food and beverage, household products, and other sectors has increased the demand for plastic bottles and boosted their production. The growing scarcity of natural reserves and rising costs of raw materials are creating newer prospects for recycling of plastic bottles. The rate of recycling of plastic bottles such as HDPE, PET, and PP has been matching with the packaging market for plastic bottles and other materials.
The food packaging industry has propelled the growth of the plastic bottle recycling market. Even as the volume of recycled bottles continues to surge, the rate of recycling remains steady, indicating a parallel surge in using plastic bottles to pack a wider range of products.
Key Market Trends
- Growing Environmental Concerns Boosting the Plastic Recycle Market
- Increase in Plastic Recycling Rate
- Reduction in Recycling Costs
Key Leading Countries: US, China and Germany.
Purchase a Copy of Global Recycle Market for Plastic Bottle Industry 2015-2019 Report at http://www.reportsnreports.com/Purchase.aspx?name=400746.
The following companies are the key players in the global plastic bottle recycling market: Advanced Environmental Recycling Technologies, Avangard Innovative, Phoenix Technologies International and UltrePET. Other Prominent Vendors in the plastic bottle recycling market are: CarbonLITE, Re-PET Flaschenrecycling and ITW Poly Recycling. The report states that the lack of awareness regarding the value and significance of recycled plastic such as HDPE, PET, and PP is a major market challenge.
Other Related Reports:
Industrial Waste Recycling and Services Market in Europe 2015-2019: The report recognizes the following companies as the key players in the Industrial Waste Recycling and Services Market in Europe: Abengoa SA, Befesa Medio Ambiente, S.A., REMONDIS SE & Co. KG, SIMS Metal Management and Suez Environment Company SA.
Other Prominent Vendors in the market are: A.S.A Abfall Service, ALBA, Biffa, TOMRA and Veolia Environnement.
Analysts forecast the Industrial Waste Recycling and Services market in Europe to grow at a CAGR of 8.2 percent over the period 2014-2019. High adoption of waste-to-energy technique is one of the key trends emerging in this market. An effective method of combatting GHG emissions is the adoption of the WTE technique, which involves the conversion of waste materials into energy in the form of heat or electricity. This technique helps eradicate huge amounts of waste and preserves limited fossil fuel reserves for the future.
Global Smart Waste Market 2015-2019: The recognizes the following companies as the key players in the Global Smart Waste Market: Covanta Energy Corp., Republic Services Inc., Suez Environment SA, Veolia North America and Waste Management Inc.
Other Prominent Vendors in the market are: Bigbelly, BRE SMARTWaste, Enerkem, Enevo, Harvest Power, RecycleSmart Solutions and Ros Roca.
One key trend in this market is advances in technology in the waste management process. A wide range of waste management technologies have evolved in the fields of waste collection, transportation, and disposal, including landfilling, composting, recycling, and incineration.
Analysts forecast the Global Smart Waste market to grow at a CAGR of 16.82 percent over the period 2014-2019. According to the report, one of the major drivers in this market is the reduced cost of solid municipal waste collection by the use of smart waste technologies. These technologies use RFID and sensor-based containers to provide real-time easy-to-use web portal services for fill level measurement. They also assist in route planning for municipal waste operators, thereby reducing the logistics cost.
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Ritesh Tiwari, ReportsnReports.com, http://www.reportsnreports.com/, +1 (888) 391-5441, [email protected]
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