Global – Analysts at Technavio have forecast that the global recycling market for plastic bottles will experience a compound annual growth rate of 3.9% over the period from 2014 to 2019.
‘The plastic bottle recycle market is picking up pace and is expected to grow at a steady rate in the near future, boosted by the increasing demand for recycled plastic bottles and growing environmental concerns,’ states the company.
This ‘in-depth market analysis’ from Technavio is based on inputs from industry experts. The report covers the present situation as well as growth prospects, including segmentation of the market based on type of plastic bottle recycled. It also incorporates information on the key vendors operating in the market including, for example, Avangard Innovative, UltrePET and Phoenix Technologies International.