Home Industry Reports Custom Research Blogs About Us Contact us

Plastic Bottle Recycling Market Size & Share, By Material (Polyethylene Terephthalate [PET], High-density Polyethylene [HDPE], Low-density Polyethylene [LDPE], Polypropylene [PP]), Regional Forecast, Industry Players, Growth Statistics Report 2023-2032

Report ID: FBI 1847


Published Date: Oct-2023


Format : PDF, Excel

Market Outlook:

Plastic Bottle Recycling Market size surpassed USD 4.08 Billion in 2022 and is poised to reach USD 7.48 Billion, growing at over 6.09% CAGR between 2023 and 2032. The plastic bottle recycling market is expected to witness significant growth in the coming years due to increasing awareness about the environmental impact of plastic waste and the need for sustainable practices. The market valuation is projected to rise steadily, driven by favorable government regulations, growing consumer consciousness, and innovative recycling technologies.

Base Year Value (2022)

USD 4.08 Billion

18-23 x.x %
24-33 x.x %

CAGR (2023-2032)


18-23 x.x %
24-33 x.x %

Forecast Year Value (2032)

USD 7.48 Billion

18-23 x.x %
24-33 x.x %
Plastic Bottle Recycling Market

Historical Data Period


Plastic Bottle Recycling Market

Largest Region

North America

Plastic Bottle Recycling Market

Forecast Period


Get more details on this report -

Market Dynamics:

Growth Drivers & Opportunities:

- Government Initiatives: Governments around the world are implementing stringent regulations and policies to encourage plastic bottle recycling. Various incentives such as tax benefits, grants, and subsidies are being offered to organizations involved in recycling operations. This has created a favorable environment for market growth.

- Increasing Consumer Awareness: With growing environmental concerns, consumers are becoming more conscious about their consumption patterns. As a result, the demand for sustainable and eco-friendly products, including recycled plastic bottles, is increasing. This presents significant growth opportunities for the market.

- Technological Advancements: The plastic bottle recycling industry is witnessing continuous technological advancements. Innovative recycling technologies, such as chemical recycling and mechanical recycling, are improving the efficiency and quality of recycled plastic bottles. These advancements are attracting investments from both public and private sectors, further boosting market growth.


Industry Restraints & Challenges:

Report Scope

Report CoverageDetails
Segments CoveredMaterial, Technology, Application
Regions Covered• North America (United States, Canada, Mexico)  
• Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe)  
Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC)  
• Latin America (Argentina, Brazil, Rest of South America)  
• Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledVeolia, REMONDIS SE & Co. KG, Suez, Biffa, Republic Services, Stericycle, B&B Plastics, Clean Path Recycling, Custom Polymers, Waste Connections, Plastipak Holdings,, Alpack Plastics

Unlock insights tailored to your business with our bespoke market research solutions - Click to get your customized report now!

- Lack of Infrastructure: One of the key challenges faced by the plastic bottle recycling market is the lack of proper recycling infrastructure. Inadequate collection systems, lack of sorting facilities, and limited recycling capacities hinder the efficient recycling of plastic bottles. Addressing these infrastructure gaps is essential for the growth of the market.

- Contamination Issues: Contamination of plastic bottles with non-recyclable materials poses a significant challenge to the recycling process. Inefficient separation at the source and lack of awareness regarding recyclable materials lead to contamination, reducing the quality of recycled plastic. Developing effective education programs and implementing proper waste management practices can help mitigate this challenge.

- Price Competitiveness: Virgin plastic is often cheaper than its recycled counterparts, creating price competitiveness in the market. This price disparity, coupled with fluctuations in raw material prices, can impact the profitability of recycling processes. Market players need to focus on cost-effective solutions and explore value-added opportunities to overcome this challenge.

In conclusion, the plastic bottle recycling market is poised for growth due to favorable government regulations, increasing consumer awareness, and technological advancements. However, addressing infrastructure gaps, contamination issues, and price competitiveness are essential to unlock the full potential of this market.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Plastic Bottle Recycling Market
Plastic Bottle Recycling Market

Regional Forecast:

The plastic bottle recycling market is projected to witness significant growth in North America, Asia Pacific, and Europe.

North America:

In North America, the increasing awareness about the detrimental impacts of plastic waste on the environment has led to a surge in plastic bottle recycling initiatives. Moreover, the stringent regulations imposed by governments to promote sustainable waste management practices have also contributed to the growth of the market in this region.

Asia Pacific:

The Asia Pacific region is anticipated to witness exponential growth in the plastic bottle recycling market. Rapid industrialization, urbanization, and increasing consumerism have led to a significant rise in plastic consumption, resulting in a growing need for effective recycling. Furthermore, several countries in the region, including China and India, have adopted various policies to encourage the recycling of plastic bottles.


Europe is at the forefront of plastic bottle recycling, with advanced recycling facilities and well-established infrastructure. The region has also implemented strict regulatory frameworks to promote the circular economy and achieve recycling targets. The growing awareness among consumers regarding the environmental impact of plastic waste has further bolstered the demand for plastic bottle recycling in this region.

Get more details on this report -

Segmentation Analysis:

1. Material Type:

- Sub-Segment: PET Bottles

PET (polyethylene terephthalate) bottles are one of the most widely used plastic bottles, commonly found in beverage packaging. The PET bottles sub-segment holds a significant share in the overall market due to its extensive use in the carbonated drinks, water, and ready-to-drink beverage industries. The increasing demand for PET bottle recycling is driven by the growing concerns over environmental sustainability and the rising preference for recycled materials in packaging.

2. Recycling Process:

- Sub-Segment: Mechanical Recycling

Mechanical recycling involves the physical transformation of plastic bottles into reusable materials. It includes processes like sorting, cleaning, shredding, and melting of plastic bottles to obtain plastic flakes or pellets that can be used for the production of new products. Mechanical recycling is widely adopted due to its cost-effectiveness and ability to retain the quality and properties of the recycled material, making it suitable for various applications.

Get more details on this report -

Competitive Landscape:

The competitive landscape of the plastic bottle recycling market features several prominent players, including:

1. Advanced Environmental Recycling Technologies, Inc. (AERT)

2. Avangard Innovative LP

3. Clear Path Recycling (Loop Industries)

4. Container Recycling Institute

5. Kuusakoski Oy

6. Plastipak Holdings, Inc.

7. Suez SA

8. Veolia Environment S.A.

9. Waste Management, Inc.

10. Wellman Advanced Materials

These market players are actively involved in strategic initiatives, such as collaborations, mergers and acquisitions, and technological advancements, to strengthen their market position and contribute to the growth of the plastic bottle recycling market.

Our Clients

Why Choose Us

Specialized Expertise: Our team comprises industry experts with a deep understanding of your market segment. We bring specialized knowledge and experience that ensures our research and consulting services are tailored to your unique needs.

Customized Solutions: We understand that every client is different. That's why we offer customized research and consulting solutions designed specifically to address your challenges and capitalize on opportunities within your industry.

Proven Results: With a track record of successful projects and satisfied clients, we have demonstrated our ability to deliver tangible results. Our case studies and testimonials speak to our effectiveness in helping clients achieve their goals.

Cutting-Edge Methodologies: We leverage the latest methodologies and technologies to gather insights and drive informed decision-making. Our innovative approach ensures that you stay ahead of the curve and gain a competitive edge in your market.

Client-Centric Approach: Your satisfaction is our top priority. We prioritize open communication, responsiveness, and transparency to ensure that we not only meet but exceed your expectations at every stage of the engagement.

Continuous Innovation: We are committed to continuous improvement and staying at the forefront of our industry. Through ongoing learning, professional development, and investment in new technologies, we ensure that our services are always evolving to meet your evolving needs.

Value for Money: Our competitive pricing and flexible engagement models ensure that you get maximum value for your investment. We are committed to delivering high-quality results that help you achieve a strong return on your investment.

Select Licence Type

Single User

US$ 4250

Multi User

US$ 5050

Corporate User

US$ 6150

Plastic Bottle Recycling Market Size & Share, By M...

RD Code : 24