Recycling is the collection of used materials that would otherwise be waste to be broken down and remade into new products. Motivations for recycling include environmental sustainability and financial concerns sustainability because the reused material both prevents waste and reduce the consumption of new raw materials, and financial because it can be cheaper to produce different products from recycled materials.
Global Recycled PET Chips Market is expected to grow with a CAGR of 4.5% during the forecast period of 2018 to 2026. The study analyzes the market in terms of revenue and sales volume across all the major markets.
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Participants operating in this market are Clean Tech Incorporated, Clear Path Recycling, MOHAWK INDUSTRIES, INC., CarbonLITE Industries, Visy, Evergreen Plastics, Extrupet, PolyQuest, Phoenix Technologies Ltd., Verdeco Recycling Inc., 4PET Recycling, Far Eastern Group, KYOEI INDUSTORY CO., LTD. and WELLPINE PLASTIC INDUSTRIAL CO., LTD. amongst others.
The market growth rate in around the globe can vary from region to region, for which the report presents the full analysis based on different geographic areas. Information on the technical tactics that are followed in the market, applications are provided exclusively in the Recycled PET Chips Market report. At the same time, the report provides data analyzed based on cost structure statistics for raw material collection, efficient product manufacturing, safe delivery, and overall after-sales costs.
This report covers the comprehensive analysis of tendencies involving key Recycled PET Chips Market drivers and restraints affecting. The review also includes another section highlighting the recycled pet chips trends. The study maps and profiles leading players from the worldwide market together with their industry plans and improvements in the business.
The Recycled PET Chips Market report provides both, qualitative and quantitative research of the market, as well as provides worthy insights into the rational scenario and favored development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players.
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As per estimates, more than 60% of the PET bottles used in Europe are recycled every year. However, as far as developing countries like India and China are concerned, not even 25% of them are recycled. In these countries, rising government initiatives towards environmental protection would fuel the PET chips recycling industry in coming years.
Scope of the Report:
The Recycled PET Chips market report offers a clear sense of different consumer groups and their needs to help product owners meet the requirements and generate profitability. Furthermore, the report aims at outlining whom the business owners operating in the market and also what are the main alternatives and competitive offerings are. Defining the major challenges and problems remains the key focus of the study.
By the product type, the market is primarily split into:
Clear Chip, Brown Chip, Green Chip, Blue Chip, Others
By the end users/application, this report covers the following segments:
Bottles, Sheet, Fiber, Strapping
Recycled PET Chips Market – by Region:
- The UK
- Rest of Europe
- Southeast Asia
- Rest of Asia Pacific
Middle East and Africa
- GCC Countries
- Southern Africa
- Rest of Middle East and Africa
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- Rest of Latin America
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