- The key vendors in the plastic bottle recycling market in the US 2015-2019 are Advanced Environmental Recycling Technologies Inc., Avangard Innovative, Phoenix Technologies International, LLC and UltrePET, LLC
London, 05 June 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the plastic bottle recycling market in the US 2015-2019. Growing environmental concerns is one of the key trends boosting plastic recycling market in the US. The demand for plastic and related products in the US is growing at a significant rate, driven by the benefits of plastic materials over metals. The plastic bottle recycling market in the US is estimated to grow at a CAGR of 3.7% over the 2015-2019 period.
The market is observing considerable growth owing to rising environmental concerns, waste management problems, and growing demand for recycled plastic bottles. This has ultimately led to rising participation of small and large vendors in setting up bottling recycle units to meet this demand across end-user segments.
“Plastic recycling capacities, along with the demand for recycled plastic materials, have grown at a considerable rate,” says Faisal Ghaus, Vice President of Technavio Research.
“The rate of plastic bottle recycling has been rising with the success of the packaging market for plastic bottles and other materials.”
To define the market conditions 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.
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