PET Plastic Bottles Recycling Market Report 2025 (Global Edition)

Global PET Plastic Bottles Recycling Market Report 2025 Market Size Split by Process (Mechanical, Chemical), by Application (Beverages, Personal Care, Pharmaceuticals, Consumer Goods, Others)

PET Plastic Bottles Recycling Market Report Description

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PET Plastic Bottles Recycling Market Insights Video

Competitive Landscape of the PET Plastic Bottles Recycling Market

The competitive landscape of the PET plastic bottle recycling market is characterized by a mix of established players and emerging companies, all striving to enhance their market position through innovation and sustainability initiatives. Key competitors actively focus on expanding their recycling capacities and improving the efficiency of their processes to meet the rising demand for recycled materials. Collaborations and partnerships among companies, governments, and NGOs are increasingly common, aimed at supporting a circular economy and addressing environmental concerns.

In August 2023, Indorama Ventures Public Company Limited, one of the largest producers worldwide of recycled polyethylene terephthalate (PET) resin, disclosed the completion of the expansion of its recycling facility in Brazil, which was funded by a 'Blue Loan' from the International Finance Corporation (IFC), a World Bank member. The developed recycling unit is estimated to have the capability to recycle 50 billion bottles each year. (Source:https://www.indoramaventures.com/en/updates/other-release/2079/indorama-ventures-almost-triples-its-pet-recycling-capacity-in-brazil-supported-by-ifc-blue-loan) In January 2022, Plastipak Packaging Inc., an international leader in plastic container design, manufacturing, and recycling, completed a substantial investment to dramatically increase PET recycling capacity at its Bascharage, Luxembourg, manufacturing facility. The first PET recycling factory in Luxembourg started in 2008, and this current extension boosts yearly production capacity by 136%. (Source:https://www.plastipak.com/plastipak-expands-pet-recycling-capacity-in-luxembourg/)

Top Companies Market Share in PET Plastic Bottles Recycling Industry: (In no particular order of Rank)

• Plastipak Holdings
• Inc. (U.S.)
• Indorama Ventures Public Company Limited (Thailand)
• CarbonLITE Recycling LLC (U.S.)
• Clear Path Recycling LLC (U.S.)
• UltrePET
• LLC (U.S.)
• Veolia Environnement S.A. (France)
• Alpek S.A.B. de C.V. (Mexico)
• Evergreen Plastics
• Inc. (U.S.)
• Far Eastern New Century Corporation (Taiwan)
• KW Plastics (U.S.)
• Loop Industries
• Inc. (Canada)
• Phoenix Technologies International
• LLC (U.S.)
• Visy Industries (Australia)
• PolyQuest
• Inc. (U.S.)
• EnviroPET Global (Netherlands)
• Evergreen Loop Recycling (Japan)
• EcoStar Plastics (U.K.)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the PET Plastic Bottles Recycling Market

Which Region Dominates the PET Plastic Bottles Recycling Market in 2024?

According to Cognitive Market Research, North America currently holds a majority share in the global PET plastic bottles recycling market revenue. The region mainly benefits from highly advanced recycling infrastructure and technologies, which enable efficient collection and processing of PET materials. Stringent regulations and growing consumer awareness about sustainability have led to increased focus on recycling practices, further promoting the market for recycled PET products. The robust presence of major players in the recycling industry fosters innovation and investment in sustainable solutions. The strong marketplace for bottled beverages, coupled with initiatives promoting circular economy practices, also positions North America as a leader in PET plastic bottle recycling.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the global PET plastic bottle recycling market due to rapid urbanization, increased population base, and rising awareness of environmental sustainability. Regional emerging economies like China and India are witnessing majority growth in the consumption of bottled beverages, which is leading to a corresponding increase in PET waste. Government initiatives promoting recycling, along with investments in advanced recycling technologies, are enhancing regional recycling capabilities. Besides, the growing adoption of circular economy principles and heightened consumer demand for eco-friendly products are contributing to the expansion of the PET plastic bottle recycling market in Asia Pacific.

The current report Scope analyzes PET Plastic Bottles Recycling Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America PET Plastic Bottles Recycling

According to Cognitive Market Research, the global PET plastic bottles recycling market size was estimated at USD 4525.2 million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1810.1 million in 2024 and will climb at a CAGR of 3.7% from 2024 to 2031.

• According to Cognitive Market Research, the U.S. had a major share in the PET plastic bottles recycling market with a market size of USD 1428.2 million in 2024 and is projected to grow at a CAGR of 3.5% in the forecast period. The market in the U.S. is booming as the government takes more steps to minimize carbon emissions and promote environmentally friendly packaging.
• The Canada PET plastic bottles recycling market had a market share of USD 217.2 million in 2024 and is likely to climb at a CAGR of 4.5% in the forecasted period. Increased awareness about sustainability and curbing waste among businesses and consumers is boosting the market demand for plastic bottle recycling in Canada.
• The Mexico PET plastic bottles recycling market is anticipated to experience growth at a CAGR of 4.2% within the forecast timeframe, with a market size of USD 164.7 million in 2024.

Europe PET Plastic Bottles Recycling

According to Cognitive Market Research, the global PET plastic bottles recycling market size was estimated at USD 4525.2 million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1357.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4% from 2024 to 2031.

• The U.K. PET plastic bottles recycling market had a market share of USD 228.1 million in 2024 and is likely to broaden at a CAGR of 4.8% within the predicted timeframe. The U.K. government has set standards for the incorporation of recycled materials in consumer products, which are predicted to increase the consumption of recycled plastic and encourage businesses to invest in recycling technologies.
• The France PET plastic bottles recycling market is anticipated to develop at a 3.2% CAGR throughout the projected time frame, reaching USD 124.9 million in 2024.
• According to Cognitive Market Research, the German PET plastic bottles recycling market size was valued at USD 268.8 million in 2024 and is projected to evolve at a CAGR of 4.2% through the estimated period. One of the most prevalent initiatives is the implementation of deposit return schemes, which encourage consumers to recycle their plastic bottles by granting reimbursement for returning them. These strategies were established in Germany and have been proven to enhance recycling rates considerably.
• The Italy PET plastic bottles recycling market is projected to witness growth at a CAGR of 3.4% over the forecast time frame, with a market value size of USD 116.8 million in 2024.
• The Russia PET plastic bottles recycling market is likely to witness growth at a CAGR of 3% in the projected period, with a market value size of USD 210.4 million in 2024.
• The Spain PET plastic bottles recycling market is predicted to witness growth at a CAGR of 3.1% during the assessment period, with a market size of USD 111.3 million in 2024.
• The Luxembourg PET plastic bottles recycling market is projected to witness growth at a CAGR of 4.1% in the research time frame, with a market size of USD 42.1 million in 2024.
• The Portugal PET plastic bottles recycling market is anticipated to witness growth at a CAGR of 3.8% during the forecasting time frame, with a market size of USD 28.5 million in 2024.
• The Greece PET plastic bottles recycling market is predicted to witness growth at a CAGR of 4.3% over the assessment period, with a market size of USD 16.3 million in 2024.
• The Rest of Europe's PET plastic bottles recycling market is estimated to witness growth at a CAGR of 2.7% in the forecast period, with a market size of USD 210.4 million in 2024.

Asia Pacific PET Plastic Bottles Recycling

According to Cognitive Market Research, the global PET plastic bottles recycling market size was estimated at USD 4525.2 million, out of which Asia Pacific held the market share of nearly 23% of the global revenue with a market size of USD 1040.8 million in 2024 and will emerge at a CAGR of 7.5% from 2024 to 2031.

• According to Cognitive Market Research, the China PET plastic bottles recycling market size was valued at USD 468.4 million in 2024 and is likely to evolve at a CAGR of 7% in the forecasted period. In China, the PET plastic bottle recycling market expanded extensively, owing to increased environmental consciousness and government recycling initiatives.
• The Japan PET plastic bottles recycling market is expected to flourish at a 6% CAGR throughout the projected time frame, reaching a market value of USD 143.6 million in 2024.
• The India PET plastic bottles recycling market had a market share of USD 124.9 million in 2024 and is likely to climb at a CAGR of 9.3% within the anticipated timeframe. Increased public campaigns and educational programs raising awareness about the importance of recycling are contributing to the expansion of the PET recycling market in India.
• The South Korean PET plastic bottle recycling market is predicted to widen at a CAGR of 6.6% over the forecasted period, with a market size of USD 104.1 million in 2024.
• The Australian PET plastic bottles recycling market is likely to witness growth at a CAGR of 7.2% throughout the predicted timeframe, with a market size of USD 54.1 million in 2024.
• The Southeast Asia PET plastic bottles recycling market is anticipated to experience growth at a CAGR of 8.5% in the forecast timeframe, with a market size of USD 71.8 million in 2024.
• The Rest of Asia Pacific PET plastic bottles recycling market is anticipated to see growth at a CAGR of 7.3% in the forecast period, with a market size of USD 73.9 million in 2024.

South America PET Plastic Bottles Recycling

According to Cognitive Market Research, the global PET plastic bottles recycling market size was estimated at USD 4525.2 million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 226.2 million in 2024 and will climb at a CAGR of 4.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil PET plastic bottles recycling market size was valued at USD 96.8 million in 2024 and is estimated to develop at a CAGR of 5.5% throughout the projection period. In Brazil, the growth of the PET plastic bottle recycling market is mainly influenced by the implementation of the National Policy on Solid Waste, which promotes recycling and responsible waste management practices.
• Argentina's PET plastic bottles recycling market had a market share of USD 38 million in 2024 and is likely to climb at a CAGR of 5.8% within the forecasted period. The Argentine government has introduced regulations aimed at reducing plastic waste, including initiatives to promote the use of recycled materials in packaging.
• Colombia PET plastic bottles recycling market is projected to witness growth at a CAGR of 4.7% within the forecast timeframe, with a market size of USD 20.1 million in 2024.
• Peru PET plastic bottles recycling market is projected to witness growth at a CAGR of 5.1% throughout the anticipated period, with a market size of USD 18.6 million in 2024.
• Chile PET plastic bottles recycling market is likely to observe growth at a CAGR of 5.2% within the estimated time frame, with a market size of USD 16.3 million in 2024.
• The Rest of Latin America's PET plastic bottles recycling market is estimated to see growth at a CAGR of 4% in the forecast period, with a market size of USD 36.4 million in 2024.

Middle East and Africa PET Plastic Bottles Recycling

According to Cognitive Market Research, the global PET plastic bottles recycling market size was estimated at USD 4525.2 million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 90.5 million in 2024 and will climb at a CAGR of 5.2% from 2024 to 2031.

• The GCC countries PET plastic bottles recycling market is anticipated to flourish at a CAGR of 6% during the forecast period, reaching USD 38.7 million in 2024. Governments in these countries are implementing stringent regulations and initiatives aimed at reducing plastic waste, such as the Saudi Green Initiative, which aims to increase recycling rates significantly.
• The Egypt PET plastic bottles recycling market is expected to develop at a 5.5% CAGR over the forecast period, reaching USD 9.5 million in 2024.
• The South Africa PET plastic bottles recycling market is predicted to widen at a CAGR of 6.2% within the forecast timeframe, with a market size of USD 14.3 million in 2024. The South African government has set regulations that mandate companies to implement recycling initiatives, which creates a supportive environment for market growth.
• The Turkey PET plastic bottles recycling market is projected to witness growth at a CAGR of 4.7% in the forecasted period, with a market size of USD 7.8 million in 2024.
• The Nigeria PET plastic bottles recycling market is expected to increase at a CAGR of 4.3% over the projected time frame, with a market size of USD 9.5 million by 2024.
• The Rest of the MEA PET plastic bottles recycling market is predicted to rise at a CAGR of 4.2% in the forecast period, with a market size of USD 10.7 million in 2024.

PET Plastic Bottles Recycling Market Analysis

How are Segments Performing in the Global PET Plastic Bottles Recycling Market?

PET Plastic Bottles Recycling Market Process Segment Analysis

According to Cognitive Market Research, mechanical recycling is the leading category in the PET plastic bottle recycling market, primarily due to its established processes and lower costs. This method involves collecting, sorting, and cleaning used PET bottles before grinding them into flakes. These flakes are then washed, dried, and melted to produce recycled PET pellets, which can be used to create new products. Mechanical recycling is widely adopted due to its simplicity and efficiency, making it a preferred choice for many manufacturers.

Chemical recycling is the fastest-growing segment in the PET plastic bottle recycling market, owing to emerging technological innovations and increasing environmental concerns. This process involves breaking down PET into its basic monomers, which can then be repolymerized to produce high-quality PET comparable to virgin material. Chemical recycling offers several advantages, including the ability to recycle contaminated or mixed plastics that are not suitable for mechanical recycling.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of PET Plastic Bottles Recycling Industry. Request a Free Sample PDF!

PET Plastic Bottles Recycling Market Application Segment Analysis

According to Cognitive Market Research, the beverages sector is the dominant application category in the PET plastic bottles recycling market, primarily due to their widespread use for soft drinks, water, juices, and other beverages. The lightweight and durable nature of PET makes it an ideal choice for packaging in this industry, leading to a high volume of PET bottles entering the recycling stream. The established infrastructure for recycling these bottles, combined with increasing consumer awareness about environmental sustainability, fuels the need for recycled PET in beverage packaging.

The personal care sector is the fastest-growing segment in the PET plastic bottles recycling market, attributed to the rising consumer demand for sustainable packaging solutions in personal care products such as shampoos, conditioners, lotions, and cosmetics. As brands continuously focus on environmental responsibility and seek to reduce their carbon footprints, the use of recycled PET in packaging has gained significant market traction. Emerging innovations in recycling technologies and the availability of high-quality recycled PET are enabling personal care manufacturers to incorporate recycled materials into their products effectively.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

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Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

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