Strong demand for recycled plastics is working in the industry’s favour. Major users of plastic packaging, apparently responding to consumer desires, have begun incorporating at least some recycled plastic content in their products as part of the growing interest in recycling. Recycled resin demand is on the rise as prices for the two major recycled resins, PET and HDPE, continue to hold value or appreciate against their virgin counterparts.
In volume, PET is currently the number one recycled resin. Supply of recycled PET is in excess of 9 M tons per year. This figure is expected to grow, reaching over 12 M tons during the next few years. The plastics industry has developed new markets and applications for recycled resins from both post-consumer and post-industrial sources. Read More