Dive Brief:

• The Global Recycle Market for the Plastic Bottle Industry 2015-2019 research report says global demand for plastic and related products should continue at 3.9% CAGR, from 2014 to 2019.
• Industries including oil and gas, construction, automotive, health care, food and beverage, and others with an expanding need for plastic bottles have increased demand while upping the volume of plastic bottles produced.
• "Even as the volume of recycled bottles continues to surge, the rate of recycling remains steady, indicating a parallel surge in using plastic bottles to pack a wider range of products," a press release on the report states.

Dive Insight:

According to the report, key market trends include mounting environmental worries that are lifting the plastic recycle market and an uptick in the plastic recycling rate. A reduction in recycling costs also is spurring growth.