London, 19 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the Global Recycle Market for Plastic Bottle Industry 2015-2019, which is expected to grow at a CAGR of 3.9% during the forecast period of 2014-2019.
“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,” says Faisal Ghaus, Vice President of Technavio.
“The food packaging industry has propelled the growth of the 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 Drivers
- Growing Prospects for Recycled Products
- Lower GHG Emissions
- Increased Regulations and Legislative Pressure
Key Market Trends
- Growing Environmental Concerns Boosting the Plastic Recycle Market
- Increase in Plastic Recycling Rate
- Reduction in Recycling Costs
Key Market Vendors
- Advanced Environmental Recycling Technologies
- Avangard Innovative
- Phoenix Technologies International
- UltrePET
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
