The recycle market for plastic bottle industry will witness an incremental growth of $3.10 billion during 2020-2024, according to the latest pandemic recovery-based research report by Technavio, AP reported.
Factors such as imposition of worldwide lockdowns have partially halted operations and affected supply chains and logistics.
This has further impacted economies around the globe, resulting in an overall slowdown during 2020.
However, businesses are gradually carving out unique pathways to recover from the COVID-19 crisis.
With the exemption of lockdowns, growing incorporation of active social distancing and remote working, and surging entries of players in digital marketplaces, various industry and market conditions are likely to improve by early 2021.
Technavio has announced its latest market research report titled Global Recycle Market for Plastic Bottle Industry 2020-2024.
COVID-19 Highlights sector will have Negative impact due to the pandemic Recycle market for plastic bottle industry is expected to witness Positive growth during 2020-2024 Industrials Industry will witness indirect impact during the forecast period.