PET Bottle Recycling Business Plan
Posted by sagark on July 8th, 2020
PET Bottle Recycling Business Plan Overview
Growing awareness about the adverse impact of plastic waste on the environment is the major driver for the global PET Bottle Recycling Business Plan over the forecast period. As plastics are nonbiodegradable, they have created an immense problem for the environment due to their widespread and longstanding use.
Leading players in the global PET Bottle Recycling Business Plan include PolyQuest, PFR Nord GmbH, Schoeller Group, Clear Path Recycling, Phoenix Technologies, UltrePET LLC, Plastipak Holdings Inc., Krones AG, CarbonLITE Industries, and Indorama Ventures Public Company Limited.
The global PET Bottle Recycling Business Plan is segmented on the basis of recycling process, application, and region.
By recycling process, the global PET Bottle Recycling Business Plan is segmented into mechanical and chemical. The mechanical recycling segment dominates the global PET Bottle Recycling Business Plan and is likely to exhibit the highest CAGR over the forecast period. The segment accounted for a whopping 67.92% of the market in 2017.
The Americas are the dominant force in the global PET Bottle Recycling Business Plan, followed by Europe and Asia Pacific, which are also expected to hold considerable shares in the market over the forecast period. The Americas account for more than 30% of the global PET Bottle Recycling Business Plan and are likely to remain the dominant segment in the global market over the forecast period due to the high production of beverages, personal care products, and pharmaceuticals in this region and the high use of plastics for packaging the same. The widespread popularity and distribution of leading brands like Coca Cola and PepsiCo is likely to drive the PET Bottle Recycling Business Plan in the Americas over the forecast period.
The increasing demand for personal care products and beverages in emerging Asia Pacific economies is likely to be a major driver for the global PET Bottle Recycling Business Plan over the forecast period, as the growing disposable income of consumers in Asia Pacific has driven the demand for several household necessities such as cleaning products, as well as luxury products such as beverages and personal care products, which are often packaged in PET bottles. The Asia Pacific market for PET bottle recycling is expected to exhibit a strong 6.59% CAGR over the forecast period.Recycling Business, Pet Bottle, Business Plan, Bottle Recycling, Recycling, Plan, Pet
Turn Your Hobby Into A Business
Whether you want a full time income, or are just trying to supplement your income with a side hustle, now is your chance to turn your hobby into a business!