Pet Plastic Recycling Industry 
                      
Summary 
Pet Plastic Recycling Industry By Recycling Process (Chemical, Mechanical), Application (Beverages, 
Personal Care, Pharmaceutical, Consumer Goods, And Others), And Region - Global Forecast To 2023 
Pet Plastic Recycling Industry Overview 
The global Pet Plastic Recycling Industry is expected to exhibit a robust 5.28% CAGR over the forecast 
period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). 
The global Pet Plastic Recycling Industry is expected to be mainly driven by the growing demand for 
recycling due to the growing awareness about the environmental benefits of recycling plastic materials. 
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Competitive Analysis 
Leading players in the global Pet Plastic Recycling Industry include PolyQuest, PFR Nord GmbH, Schoeller 
Group, Clear Path Recycling, Phoenix Technologies, UltrePET LLC, Plastipak Holdings Inc., Krones AG, 
CarbonLITE Industries, and Indorama Ventures Public Company Limited.  
Segmentation: 
The global Pet Plastic Recycling Industry is segmented on the basis of recycling process, application, and 
region. 
By application, the global Pet Plastic Recycling Industry is segmented into beverages, personal care 
products, consumer goods, pharmaceuticals, and others. The beverages segment is expected to dominate 
the global Pet Plastic Recycling Industry over the forecast period due to the longstanding use of plastics 
for packaging beverages. The growing demand for packaged beverages in developing economies could 
also play a key role in the growth of this segment, which is expected to exhibit a CAGR of close to 6% over 
the forecast period.  
Regional Analysis: 
The Americas are the dominant force in the global Pet Plastic Recycling Industry, followed by Europe and 
Asia Pacific, which are also expected to hold considerable shares in the market over the forecast period. 
The Americas account for more than 30% of the global Pet Plastic Recycling Industry and are likely to 
remain the dominant segment in the global market over the forecast period due to the high production 
of beverages, personal care products, and pharmaceuticals in this region and the high use of plastics for 
packaging the same. The widespread popularity and distribution of leading brands like Coca Cola and 
PepsiCo is likely to drive the Pet Plastic Recycling Industry in the Americas over the forecast period.  
The increasing demand for personal care products and beverages in emerging Asia Pacific economies is 
likely to be a major driver for the global Pet Plastic Recycling Industry over the forecast period, as the 
growing disposable income of consumers in Asia Pacific has driven the demand for several household 
necessities such as cleaning products, as well as luxury products such as beverages and personal care 
products, which are often packaged in PET bottles. The Asia Pacific market for PET bottle recycling is 
expected to exhibit a strong 6.59% CAGR over the forecast period.  
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About Market Research Future 
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