Apr 15 2009
The consumption graph of plastics across the globe is increasing swiftly, owing to the enhanced benefits displayed by plastics over other heavier metals. With plastics finding application in a wide range of manufacturing industries, recycling of the material is of critical importance from the environment's point of view. Issues such as depleting ozone layer, emission of harmful gases, growing concern about the waste management have all propelled plastic bottle recycling market.
Capacity to recycle plastics and demand for recycled plastics continue to grow and exceed the volume of waste plastics collected each year. Even as the volume of recycled bottles continue to surge, the rate of recycling remains steady indicating a parallel surge in using plastic bottles to pack a wider range of products. Majority of the recycled plastics markets are stable and expanding in several regions. Recycled PET is predominantly consumed as fiber for textiles and carpets, while recycled HDPE is consumed in the manufacture of bottles. New end-use applications such as corrugated paper coating, waterproof shipping containers and other food packaging, impel the demand growth for recycled PET. Growing popularity of plastic lumber and garden plastic products such as chairs and fences impel the growth of recycled HDPE plastics.
Plastic Bottle Recycling: A Global Strategic Business Report
Asia-Pacific represents the largest as well as the fastest growing market for plastic bottle recycling. PET constitutes the largest plastic bottle-recycling segment in Asia-Pacific. The market for HDPE plastic bottle recycling in Europe is forecast to experience steady growth over the years 2006 through 2015.
Key recyclers dominating the global plastic bottle recycling market include Amcor Pet Packaging Company, Avangard Innovative, Cadillac Products Inc., ECO2 Plastics Inc, Environmental Recycling Group, Envision Plastics, Graham Recycling, KW Plastics, Mohawk Industries Inc, Phoenix Technologies International LLC, Signode Plastic Recycling Alliance, Sun Valley Worldwide Inc, UltrePET LLC, United Resource Recovery Corporation, and Waste Management Recycle America, among others.
"Plastic Bottle Recycling: A Global Strategic Business Report" from Global Industry Analysts, Inc. provides a comprehensive review of market trends, drivers, product profile, players, recent developments, mergers, acquisitions, and other strategic industry activities. The plastic bottle recycling market is analyzed in tons by the following geographic regions - US, Canada, Japan, Europe, Asia-Pacific and Rest of World; and recycled materials - PET, HDPE and Other Materials. Analytics for the period 2006-2015 provide a comprehensive understanding of the market.