Sources report that food grade recycled pellets prices are rising as buyers look to secure excess ahead of the 2025 recycled content.
Amidst the high recyclate prices ,the push to increase demand for using recycled content requires a multi-faceted approach involving consumer pressure, voluntary pledges, and new legislation.
While consumer awareness and demand for sustainable products can drive companies to prioritize recycled materials in their packaging, are there enough uptake from the brand owner/ end users themselves ?
The EU's new Packaging & Package Waste regulations present both challenges and opportunities. Compliance with these regulations may require significant adjustments in packaging design, materials, and recycling processes. However, they also create opportunities for innovation in recycling technologies and sustainable packaging solutions.
Within the EU, incentivizing sorting and recycling facilities involves various measures such as financial incentives, subsidies, and regulatory frameworks. Investments in state-of-the-art technologies aim to improve the quality of recycled materials, making them more competitive against virgin materials.
The Red Sea attacks continues to disrupt ocean freight and increase cost on raw materials and resin supply from Asia to Europe, potentially driving up prices further or leading to a shift in sourcing strategies.
Chemical recycling technologies hold promise for establishing a circular and sustainable economy by converting plastic waste into new materials. However, challenges remain in mass balance and allocating recycled content from chemical recycling, particularly in ensuring transparency and integrity in the supply chain.
Join us at the
EU Circular Plastics Packaging conference, an expansion of our 24th Greater Europe PET series in Rotterdam on May 6-7, 2024 , offering you an opportunity to delve deeper into these topics and engage with experts and peers in the plastics packaging supply chain.
For more information, please contact
hafizah@cmtsp.com.sg 
