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European Plastic Recycling Market Changes after China Bans Waste Plastic Imports

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European Plastic Recycling Market Changes after China Bans Waste Plastic Imports
Latest company news about European Plastic Recycling Market Changes after China Bans Waste Plastic Imports

The information released by AMI Consulting in Bristol, UK on July 26, 2018 is as follows: Applied Market Information Ltd, the main consulting company in the industry. (AMI Consulting) recently released a research report that the plastic recycling industry must be vigorously developed. Considering the impact of the ban on the import of waste plastics from China, only in this way can the EU's 2030 plastic packaging recycling target be met.


Although polyethylene is currently the most recycled polymer in Europe, the discovery rate of PET in waste plastics (the percentage of recyclable materials transferred from the waste system, that is, the amount of recycled materials divided by the amount of recycled materials Total). This is because PET waste mainly comes from post-consumer PET beverage bottles. Many countries collect such bottles extensively and are equipped with long-term, robust collection systems. After legislation on the deposit of beverage container deposits, the collection rate of PET beverage bottles is as high as 96%. This method encourages consumers to participate in the plastic recycling system by providing economic incentives.


The development of mechanical recycling technology is changing the shape of the plastic recycling industry and improving the ability to recycle plastics in a closed-loop manner, helping to maintain maximum value. However, due to the instability of quality and supply, a large amount of recycled plastic is downgraded and used for lower value-added applications. For those looking to capitalize on industry changes and developments, these new opportunities can be leveraged.


What about the European recycled plastics market today?

According to PlasticsEurope, the European plastics industry employs approximately 1.45 million people who work at 62,000 companies (mainly small and medium-sized companies in the plastics processing industry), generating a turnover of more than 350 billion euros per year.

About two-thirds of Europe's plastic demand is concentrated in five countries (25.4% in Germany, 14.3% in Italy, 9.7% in France, 7.6% in the United Kingdom, and 7.5% in Spain). These countries produce about 570,000 tons of plastic per year, while the demand in Europe during the same period is only 460,000 tons per year, so the available space is huge for recycling companies that want to purchase and invest in Europe.


latest company news about European Plastic Recycling Market Changes after China Bans Waste Plastic Imports  0


The advantages of purchasing investment in Europe

1. excellent location

Europe borders the Arctic Ocean in the north, the Atlantic Ocean in the west, and the land in the south. Due to its strong geographical advantages, Europe has been a trading power since ancient times. The superior trading system has attracted plastic entrepreneurs from all over the world, and over time it has become the largest plastic distribution center.

2. perfect recycling system

As a developed western country, Europe has a very complete and sound recycling system. Many years ago, German plastic bag sorting machines ensured that sorted plastic bags would not stay in the environment.

3. Strong policy support

In addition to the largest trade market, Europe also has some characteristics that cannot be ignored. Take France, for example, since 2010, the French government has implemented some tax cuts on productive investment. It also conducts comprehensive research on streamlining patent application systems and improving tax credits in order to attract more people to the French regeneration sector.

Pub Time : 2019-12-20 15:41:07 >> News list
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