The resource utilization of waste plastics is an inevitable trend toward achieving sustainable social development. The number of waste poly(ethylene terephthalate) (PET) containers is huge, and their PET material has the potential for regeneration and carbon reduction value. This study developed a new technological strategy for effectively regenerating PET flakes from waste PET containers. The optimal process parameters for removing impurities in the three-level photoelectric color sorting were determined through a response surface curve analysis. At a feeding speed of 40 kg/min, a recognition sensitivity of 95%, and a flake size of 9.44 mm, the impurity contents decreased to 14.81 mg/kg, which provides a theoretical basis for optimizing the regeneration process. Meanwhile, a regeneration process for rough sorting of bottles and fine sorting of flakes was constructed. And through large-scale statistical analysis and data collection, it was further verified that recycled PET plastics maintain extremely low impurity contents and stability in viscosity, color value, and other characteristics. And the restricted heavy metals and ortho benzene substances in the RoHS standards were not detected, which proves the safety of recycled PET flakes in this study and provides strong support for the commercial application. By analyzing the material flow based on real production processes, it is used to further optimize the process flow. In summary, this study achieved the recycling of waste PET containers, providing theoretical and practical guidance for the environmental and resource utilization of waste PET plastics.