PET Bottle Recycling Market Market Research Report By Forecast To 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.) PET Bottle Recycling Market Market Research Report - Forecast to 2023 Pet Bottle Recycling Market Report Information: By Process (Chemical, Mechanical), Application (Beverages, Personal Care, Pharmaceutical, Consumer Goods, And Others), And Region - Global Forecast To 2023 Plastic is produced from non-renewable resources such as petroleum, without which we will experience complications in life. Thus, the cost of plastic material depends on the oil prices. Growing demand for plastics from numerous industries such as packaging, pharmaceutical, beverage, and construction is expected to propel the growth of the recycled plastics market across the globe. The demand for bottled water market is growing in the eastern part of Europe. Thus, the plastic waste management becomes the important issue. Therefore, plastic recycling is one of the preferred solutions adopted by the European countries. Similarly, recycling plastic bottles also helps to conserve natural resources, particularly oil, which is a nonrenewable natural resource. The Environmental Protection Agency (EPA) estimates that recycling one ton of plastic conserves approximately 3.8 barrels of crude oil. However, high operational costs hamper the growth of the market significantly. The global plastic bottle recycling market is expected to show a staggering growth during the forecast period. Report Sample @ https://www.marketresearchfuture.com/sample_request/2865 2 www.marketresearchfuture.com PET Bottle Recycling Market Market Research Report - Forecast to 2023 PET Bottle Recycling Market By Segment 3 www.marketresearchfuture.com PET Bottle Recycling Market Market Research Report - Forecast to 2023 Europe Recycling Industry in Next Five Years In Europe, the interest for recycling continues to encourage consumers for a cleaner environment, but the main motivation for sustained and successful recycling rates has been government legislation. The continuous innovation and demand during the last decade made the PET recycling process and technology to become more dependent on automation, which resulted in cleaner production. With the inevitable trend in the growth of the PET industry, the regenerated fiber market is moving towards saturation and B-to-B grade recycling systems drawing more attention and popularity. In the near future, the B-to-B recycling systems are expected to become market mainstream. Factors such as high valued recovery system, sophisticated technology with low labor input are expected to propel the demand for PET recycling industry. The importance of a high-quality recycled PET is expected to rise in the years to come. The PET Bottle Recycling Market in Eastern Europe still has a long way to go with no proper waste management methods in most of the countries in the region. However, in the last 5 years, there is an increase of production capacities, especially in the CIS countries and Poland. Creating new materials from existing materials uses significantly less energy than raw materials. According to the Environmental Protection Agency, recycling one pound of polyethylene terephthalate (PET), which is the most commonly used plastic material in water bottles, conserves approximately 12,000 BTUs (British thermal units) of heat energy. The recycling process uses up to two-thirds less energy than traditional manufacturing. Thus, it has significantly reduced the pressure on the traditional power grid, which uses the fossil fuels. 4 www.marketresearchfuture.com PET Bottle Recycling Market Market Research Report - Forecast to 2023 Key Players The key players in the global PET bottle recycling market includes Advanced Environmental Recycling Technologies, Inc. (U.S.), Avangard Innovative (U.S.), Phoenix Technologies International LLC (U.S.), UltrePET LLC (U.S.), Evergreen Plastics Ltd (U.S.), Complete Recycling (U.S.), ECO2 Plastics Inc (U.S.), Worldwide Recycler Services, LLC (U.S.) Kuusakoski Oy (Finland), and PlasticsEurope (Belgium). Browse Full Report @ https://www.marketresearchfuture.com/reports/pet-bottle-recycling-market-2865 5 www.marketresearchfuture.com ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. 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Pet Bottle Recycling Market Report Information: By Process (Chemical, Mechanical), Application (Beverages, Personal Care, Pharmaceutical, Consumer Goods, And Others), And Region - Global Forecast To 2023