Navigating Challenges and Opportunities in the Plastic Recycling Market

Navigating Challenges and Opportunities in the Plastic Recycling Market

The plastic recycling industry, an important pillar of global sustainability efforts, is currently trying to navigate through troubled waters. Despite a promising long-term outlook, near-term uncertainties and structural challenges have created a difficult business environment for plastic recyclers. As a result of this, many plastic recyclers have gone bankrupt (examples include Umincorp, TRH, Ecocircle and Ioniqa) and planned investments to expand capacity, including some chemical recycling investments by petrochemical players, are being delayed. 

However, new amendments to the Packaging & Packaging Waste Directive (PPWR) adopted by the European Parliament…