Global Recycled PET (r-PET) Bottles Market Size By Product, By Grade, By Recycling Process, By Application, By Geographic Scope And Forecast
Recycled PET (r-PET) Bottles Market Size And Forecast
Recycled PET (r-PET) Bottles Market was valued at USD 2.27 Billion in 2019 and is projected to reach USD 4.14 Billion by 2027, growing at a CAGR of 7.8% from 2020 to 2027.
Global Recycled PET (r-PET) Bottles Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The governments of different countries have forced a ban on the usage of plastic products. Rising government provision for the recycling of products, the shift toward a circular economy and Rise in the demand for bottled water owing to demand safe drinking water are some major factors expected to drive the global recycled PET bottles market. However, the high initial cost associated with the recycling of PET bottles, lack of infrastructure facilities, less awareness about the benefits of plastic recycling between manufacturers and consumers and low collection and recycling rates are few factors anticipated to hamper the market growth.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The Global Recycled PET (r-PET) Bottles Market is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Recycled PET (r-PET) Bottles Market Competitive Landscape
The Global Recycled PET (r-PET) Bottles Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Extrupet Group (Pty) Ltd., Phoenix Technologies International LLC., CarbonLITE Industries LLC, UltrePET, LLC., Vanden Global Ltd., Seiu Japan Co., Ltd., ALPLA Werke Alwin Lehner GmbH & Co KG, SEINAN Corporation, Kuusakoski Oy and Evergreen Plastics, Inc.
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