Bottles made of polyethylene terephthalate (PET, sometimes PETE) can be used to make lower grade products, such as carpets. To make a food grade plastic, the bottles need to be hydrolysed down to monomers, which are purified and then re-polymerised to make new PET. In many countries, PET plastics are coded with the resin identification code number "1" inside the universal recycling symbol, usually located on the bottom of the container.
Worldwide, approximately 7.5 million tons of PET were collected in 2011. This gave 5.9 million tons of flake. In 2009 3.4 million tons were used to produce fibre, 500,000 tons to produce bottles, 500,000 tons to produce APET sheet for thermoforming, 200,000 tons to produce strapping tape and 100,000 tons for miscellaneous applications.

Market Analysis and Insights: Global PET Bottle Recycling Market
The global PET Bottle Recycling market size is projected to reach US$ 5153.3 million by 2027, from US$ 3742.6 million in 2020, at a CAGR of 4.2% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global PET Bottle Recycling market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global PET Bottle Recycling market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global PET Bottle Recycling market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global PET Bottle Recycling market.

Global PET Bottle Recycling Scope and Market Size
PET Bottle Recycling market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global PET Bottle Recycling market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Recycling Process and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Recycling Process
Chemical
Mechanical

Segment by Application
Food & Beverages
Personal Care
Pharmaceutical
Consumer Goods
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Advanced Environmental Recycling Technologies
Avangard Innovative
Phoenix Technologies
UltrePET
Evergreen Plastics
Complete Recycling
ECO2 Plastics
Kuusakoski
PlasticsEurope
Clear Path Recycling
Clean Tech Incorporated
CarbonLite Industries
Envision Plastics Industries