Lewes, DE -- (SBWire) -- 06/25/2015 --Report forecast the plastic bottle recycling market in the US to grow at a CAGR of 3.7% over the period 2014-2019.
Recycling of plastic bottles refers to the reuse of plastic material and hence to reduce the amount of waste going into landfills by ultimately converting them into lower or same grade plastic bottles. These bottles are used for various applications depending on their properties. Most plastics are semi-porous and absorb molecules of food or beverage contained. The residue removal is a very tedious task, and any additional heating may damage the plastic. Most recycled plastics are mainly used for making low-grade products.
In order to convert plastic bottles into food-grade plastic, the bottles are hydrolyzed to monomeric form and finally passes through purification and re-polymerization process before converting to a new form. The plastic bottle recycle market is picking up the pace and is expected to grow at a steady rate in the near future, boosted by increased demand for recycled plastic bottles and growing environmental concerns.
The report covers the present scenario and the growth prospects of the recycle market for plastic bottle industry in the US for the period 2015-2019. The report includes the segmentation of market based on the type of plastic bottle recycled.
The Plastic Bottle Recycling Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
According to the report, the growing demand for plastic bottles from various end-user segments such as automotive, healthcare, oil and gas, construction, food and beverage, and household products has stimulated the production of plastic bottles. The scarcity of reserves and rising raw material and commodity prices are creating new prospects in the market. In addition, the recycling industry has grown considerably in the last 10 years, driven by growing environmental concerns
Key players in the plastic bottle recycling market in the US: Advanced Environmental Recycling Technologies, Avangard Innovative, Phoenix Technologies International and UltrePET
Other Prominent Vendors in the market are: CarbonLITE, Complete Recycling, ECO2 Plastics, Evergreen Plastics, National Recycling Technologies, Recycle Clear and Worldwide Recycler Services
Market driver
- Growing prospects for recycled products
- For a full, detailed list, view our report
Market challenge
- Lack of awareness for recycled plastic products
- For a full, detailed list, view our report
Market trend
- Growing environmental concerns boosting plastic recycle market
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 47 pages, "Plastic Bottle Recycling Market in the US 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Type, Key Leading States, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/plastic-bottle-recycling-market-us-2015-2019
Find all Recycling Reports at: http://www.marketresearchreports.com/recycling
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