It is estimated that the plastic bottle recycling rate of United States currently at 31.1%, which decreased significantly from past few years. This is expected to have a negative impact on the market in the region.
High-density polyethylene (HDPE) is expected to register a significant growth in the plastic bottle industry.
One of the major applications of HDPE material is in non-carbonated drinks, fuel containers for automobiles, and milk packaging. Blow-molding application of HDPE makes it stronger and more versatile than PP and LDPE materials.
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