AMI Consulting, Bristol, UK 26/07/18 – According to a recently published study by leading industry consultants Applied Market Information Ltd. (AMI Consulting), the plastics recycling industry will have to develop and grow considerably to meet 2030 EU plastics packaging recycling targets, along with the effect of the Chinese waste import ban.
The study expects that the current output capacity of the recycling industry in Europe will need to more than double by 2030 to meet targets. The challenge in growing capacity, is that the plastics recycling industry is a complex, dynamic segment with a varied supply stream and value chain. With prices of recyclate intrinsically linked to the price of virgin resin, demand and the financial viability of the process is often subject to fluctuations in raw material prices. Due to this, demand for recyclate is increasingly coming down to brand owners desire to be seen as ‘environmentally friendly’ and ‘green’ and not down to financial incentives. This is primarily due to sustainability becoming increasingly more important to consumers, and plastic receiving considerable negative press bringing it to the forefront of many debates and discussions. Capturing the value of plastics through reuse and recycling not only helps retain a product which currently primarily derives from the earth’s finite natural resources, but also helps prevent the leaking of plastic waste into the ecosystem and create a circular economy. Because of this the plastics recycling industry is gaining growing attention.
You can read the full press release here: PR- Plastics Recycling Industry - Europe 2018