The global recycling market for the plastic bottle industry is expected to grow at a CAGR of nearly 4% from 2015-2019, as per Technavio. The global demand for plastic and related products is growing at a significant rate, driven by the benefits that plastic has over other materials like iron, steel, aluminum and other metals. Proper and efficient plastic recycling can help mitigate various environmental threats like global warming, ozone layer depletion and pollution, thus boosting the plastic recycling market over the forecast period.
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