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PET BOTTLE SCRAP – “The Market is Bright”

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by - 9/22/2015 6290 Views

PET plastic REcycling

Polyethylene Terephthalate, commonly abbreviated PET, PETE, or the obsolete PETP or PET-P, is the most common thermoplastic polymer resin of the polyester family and is used in fibers for clothing, containers for liquids and foods, thermoforming for manufacturing, and in combination with glass fibre for engineering resins according to https://en.wikipedia.org/wiki/Polyethylene_terephthalate

It may also be referred to by the brand name Dacron; in Britain, Terylene; or, in Russia and the former Soviet Union, Lavsan.

PET plastic was first patented by John Rex Whinfield, along with James Tennant Dickson and others who worked for the company Calico Printers Association, in the year 1941. When it was found to be highly effective, the production of products using PET plastics became more popular. But it not was not until 1973 that, the first PET bottle was patented. It was Nathaniel Wyeth created the first official PET bottle under this patent.

Why do manufacturers turn to PET plastics when they could choose other types of materials that may be more readily available? According to Todd Johnson the Composite/Plastics Expert , PET plastics are durable and strong. Most applications can be used repeatedly (recycling is a possibility with these products). In addition, it is transparent, making it quite versatile for various applications. It is resalable; because it is easy to mold into any shape, it is easy to seal. It is also unlikely to shatter. Moreover, perhaps most importantly in many applications, it is an inexpensive type of plastic to use

Plastics like PET most likely touch your everyday life. Polyethylene Terephthalate, known commonly as PET or PETE is best known as the clear plastic used for water and soda bottle containers. As a raw material, PET is globally recognized as a safe, non-toxic, strong, lightweight, flexible material that is 100% recyclable. In fact, it’s THE most widely recycled plastic in the world!

We believe in recycling plastics, giving them another life through use and reuse – it’s a safe option that saves landfill space, energy and resources. It takes energy and petroleum-based resources to create virgin PET, so in order to reduce our carbon footprint, save valuable natural resources, diminish landfill waste and the incineration of plastic – we choose to recycle.

Through innovation, the PET plastic recycling industry is constantly improving its environmental record further. PET plastic bottles have been redesigned so that they are 30% lighter than 15 years ago and increasing amounts of recycled plastic are used to manufacture the bottles themselves.

According to Global Plastic Bottles/Containers Market By Regions and Vendors - Market Trends and Forecasts 2015 – 2020, the global production of plastic containers in 2014 was 50.1 MMT and is estimated to reach 67.9 MMT by 2020 at a CAGR of 5.2%. While in terms of revenue, the market is $273.15 billion in 2014 and is projected to reach $388.35 billion in 2020 at a CAGR of 6%. There is an increasing demand for PET bottles in soft drink and bottled water markets. Factors like low carbon footprint, demographics are driving the PET bottles industry. Cosmetics industry which majorly uses glass as a packaging material is slowly being substituted by PET bottles. In addition, plastic bottles and containers will realize growth with demand for unit dose packaging in pharmaceutical packaging, which is a high growth end market for plastic packaging.

Food and Beverages industry constitutes approximately half of the global plastic bottles usage. Beverages industry leads the market in the developed regions like North America and Europe, with a market share of 42% in 2014. While on the other hand, in the emerging regions pharmaceutical industry had a share of 22% and FMCG accounted for 30%, during the same period. End user industries like healthcare and bottled water are augmenting the usage of plastics and thus driving the demand in fast-growth markets in Asia and other emerging regions.  PET Bottle Recycling,

Category : Plastic

Tags : PET Bottle Recycling, PET Bottle Scrap, PET Plastic Recycling, PET Plastic Scrap, PET Plastic Current Market Trend


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About Georgy Abraham

As the bright morning of 28th May dawned in the year 1972, in the fulfillment of time according to the plan & will of Almighty Godbrought me forth into this world and I was brought up & educated in Orissa. My parents provided me with the best of education in an English medium school with high standa .... more info

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