Demand vs. recycled content availability
In 2020, worldwide plastic production amounted to 367 million metric tons (mt). Europe produced 55 mt of plastic, with 70% of the total market demand coming from the largest countries, using 40.5% of the material for packaging production. In the quest to create a circular economy for plastics, the share of virgin material in manufacturing should be reduced and replaced by secondary raw materials. this, however, is easier said than done.
Plastic recycling has certainly had its share of bad publicity, not least due to downcycling - after all, there is a limited demand for items such as park benches, flowerpots and speed bumps. The recycling industry, working in collaboration with members of plastic value chains, has now made it possible to create virgin-like recycled content with advanced mechanical recycling. Not only does this prove to be an economically feasible and practical alternative to primary materials, it also gives recyclers and MRFs the opportunity to create new revenue streams.