PET Bottle Recycling Market Worth USD 7358.6 Million By 2030

New York, USA, Jan. 17, 2023 (GLOBE NEWSWIRE) -- PET Bottle Recycling Market Overview

According to a Comprehensive Research Report by Market Research Future (MRFR), “Pet Bottle Recycling Market Information By Recycling Process, by Application, and Region - Forecast till 2030”, the market is estimated to grow at a 5.28% CAGR to reach USD 7358.6 Million by 2030.

Market Synopsis

PET or Polyethylene Terephthalate is generally found in perishable food containers, beverage bottles, and mouthwash. This plastic type is considered to be one of the safe ones but it absorbs the odors and flavors of the edible content that is stored in them.

PET bottle recycling can be described as the process by which plastic waste is recovered and the waste material is turned into useful products. Recycling PET bottles helps foster the chances of reusing plastic material. The pollution levels go down when PET bottles are converted into lower-grade plastics. The carbon dioxide emission level declines while waste generation is reduced with the PET bottle recycling process.

PET bottle recycling process is vastly used in applications like beverages, personal care, packaging, pharmaceuticals, and consumer goods. Out of these, this process is extensively used in packaging. PET bottle recycling is carried out by mechanical recycling as well as chemical recycling.