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What is the PET Bottle Scrap Price in India Today?

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by - 10/27/2021 739 Views

As of Today, PET Bottle Scrap Price per Kg in India(Gujarat) is 50.3 INR.

PET (Polyethylene terephthalate) is one of the most widely used plastic packaging products in India. Have you been wondering what the PET Bottle Scrap Price in India is today? If so, then you’ve come to the right place. Here’s everything you need to know about the current PET Bottle Scrap Price in India.

PET Bottle Scrap Price in India Today

As of today, PET Bottle Scrap in Gujarat is trading at 

PET Bottle Scrap Price (Gujarat): Rs.50.3/KG

To get PET Bottle Scrap Price and Plastic Price instantly, please click here to find Current PET Bottle Scrap Prices and Indian Plastic Prices.

Monthly Price Graph of PET Bottle Scrap Price in India

Current-PET-Bottle-Scrap-Prices-Gujarat-Plastic-Price

Usage of PET Bottle Scrap in India

PET (Polyethylene terephthalate) is also known as PET Bottle or PETE (Polyethylene Terephthalate), and it accounts for almost 60% of the total production of the polymer. PET Bottle Scrap is the most demanded Plastic Scrap in India. India is the world’s second-largest producer of PET Bottle Scrap and produces approximately 120 million tons of PET Bottle Scrap each year, which can be recycled into new PET bottles after they are cleaned and decontaminated. The PET Bottle Scrap Price in India has been fluctuating due to the impact of the COVID-19 pandemic in commodity markets. 

Current PET Bottle Scrap Price in India

PET Bottle Scrap Price in India has seen a steep incline in the last two years due to the Covid-19 pandemic that caused a worldwide lockdown and, all economic activities were severely affected. As the entire nation slowly recovers from the covid epidemic, the business activates gradually and, the demand for PET Bottle Scrap from consumers, manufacturers, and sellers increase automatically.

India is one of the largest producers and consumers of PET Bottle Scrap. Presently, the PET Bottle Scrap price in India has been surging because of the massive demand for PET Bottle Scrap in PET recycling companies to produce new PET bottles and other plastic products. The higher PET Bottle Scrap price  reflects how much these recycled materials are worth if sold back to manufacturers and recycling units who will turn them into new valuable Plastic products.

Why is PET Bottle Scrap in huge demand?

PET Bottles are used for water bottles, carbonated beverages, soft drinks, and other food products. Plastics that are made up of polyethylene terephthalate (PET) can be recycled repeatedly without losing their strength and quality. The recycling process of PET Bottle Scrap helps in making new plastic from virgin raw materials.

Several companies now collect this PET Bottle Scrap and process them into new products such as clothing, carpeting, auto parts, and even synthetic crude oil called petrochemicals. Recycled PET is also used for the manufacture of PET straps, monofilament, sheets, etc. Due to the high recyclable nature of PET Bottle Scrap and its usage in the Beverage Industry, Food Packaging Companies, Mineral Water Packaging Companies make PET Bottle Scrap worth money. So, the high demand for PET bottle Scrap is the main reason for surging PET Bottle Scrap price in India.

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Category : Plastic

Tags : PET Bottle Scrap, PET Bottle Scrap Price, PET Bottle Scrap Price in India Today


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About Jenisha Rajakumar

I'M a Research Analyst and Content Creator at RIM. Currently I'm researching on Copper Prices around the Globe and the impacts on Copper Scrap Prices with regard to COMEX, LME, SHFE and MCX. .... more info

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