• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Europe’s Recycled Plastics Sector Faces Continued Challenges

Europe’s Recycled Plastics Sector Faces Continued Challenges

02/02/2024
Asia-Pacific Air Cargo Soars with 10% Growth Amid Tariff-Driven Demand Shifts

Asia-Pacific Air Cargo Soars with 10% Growth Amid Tariff-Driven Demand Shifts

05/30/2025
India’s MSMEs Embrace Supply Chain Innovation Amid E-Commerce Growth and Tariff Reforms

India’s MSMEs Embrace Supply Chain Innovation Amid E-Commerce Growth and Tariff Reforms

05/30/2025
Anwar Urges ASEAN to Enhance Economic Ties and Tackle Challenges

Anwar Urges ASEAN to Enhance Economic Ties and Tackle Challenges

05/23/2025
U.S. Government Explores Policy Options on Tariff-Related Price Increases

U.S. Government Explores Policy Options on Tariff-Related Price Increases

05/22/2025
Global retailers consider spreading tariff costs across markets

Global retailers consider spreading tariff costs across markets

05/22/2025
Walmart Will Absorb Some Tariff Costs, Says Treasury Secretary Bessent

Walmart Will Absorb Some Tariff Costs, Says Treasury Secretary Bessent

05/19/2025
Trump Administration Reaffirms Tariffs for Nations Avoiding Trade Talks

Trump Administration Reaffirms Tariffs for Nations Avoiding Trade Talks

05/19/2025
Apple Expands India Manufacturing Amid Uncertainty from U.S.-China Trade Shift

Apple Expands India Manufacturing Amid Uncertainty from U.S.-China Trade Shift

05/19/2025
Tariff Cuts on Chinese Imports Unlikely to Ease Prices or Product Shortages

Tariff Cuts on Chinese Imports Unlikely to Ease Prices or Product Shortages

05/19/2025
Companies Announce Price Increases in Response to New U.S. Tariffs

Companies Announce Price Increases in Response to New U.S. Tariffs

05/19/2025
APEC Adopts Joint Statement Highlighting Trade Challenges Amid Tariff Concerns

APEC Adopts Joint Statement Highlighting Trade Challenges Amid Tariff Concerns

05/19/2025
Trump Says India May Drop Tariffs, Urges Apple to Boost U.S. Manufacturing

Trump Says India May Drop Tariffs, Urges Apple to Boost U.S. Manufacturing

05/16/2025
supplychainreport
Saturday, May 31, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Europe’s Recycled Plastics Sector Faces Continued Challenges

by Geraldine S.
02/02/2024
in Compliance, Environmental Policies, Industry, Risk Management, Supply Chain, Sustainability & Ethics

YOU MAY ALSO LIKE

U.S. Manufacturing Weakens Amid Rising Input Costs, Raising Stagflation Concerns

Durapower Explores U.S. Manufacturing Expansion as Part of Global Growth Strategy

Mark Victory, an analyst at ICIS, a London-based plastics market research firm, reports that the recycled plastics sector in Europe, particularly for recycled-content polyethylene (rPE) grades, is expected to face tough trading conditions into 2024. This outlook is attributed to the current economic downturn, although the situation is anticipated to show some improvement compared to 2023.

Industry sources predict that the demand for rPE could remain weak at least through the first half of 2024, with a full market recovery possibly not occurring until 2025. This timeline depends on various factors, including the ongoing cost of living crisis and competition from new plastic products.

There is, however, a cautious optimism among recyclers in the recycled-content high-density polyethylene (rHDPE) market, particularly for packaging materials, expecting a modest improvement in the first quarter of the year. Despite this, the packaging sector’s sensitivity to costs has heightened in recent years, and consumption in industries like construction and home improvement continues to be adversely affected by economic pressures.

According to ICIS, the pricing dynamics between virgin resin and recycled materials have led to increased substitution of recycled content with new plastics in 2023, especially in non-packaging applications. This trend is expected to significantly influence the rHDPE market in early 2024.

Victory notes that although the market faces short-term difficulties, there is an underlying shortage of supply. Coupled with a recent streamlining in supply chains, any recovery could rapidly influence market sentiment. However, predictions remain challenging due to the volatile market conditions.

The market for recycled-content low-density polyethylene (rLDPE) is also closely watching the price movements of virgin resin. With virgin prices decreasing towards the end of 2023, there could be implications for the demand for rLDPE, particularly if the trend continues into 2024.

Furthermore, the European Union is poised to introduce the Packaging and Packaging Waste Regulation (PPWR) in February, which sets mandatory recycled content targets for all plastic packaging by 2030. This regulation could also impose restrictions on the use of materials like shrink wrap, a significant end market for rLDPE pellets, unless certain recycling and environmental criteria are met.

The evolving regulatory landscape, highlighted by the draft PPWR and subsequent amendments, has introduced uncertainty within the packaging industry. Stakeholders are seeking clarity as the European Parliament moves towards the final voting stages on these regulations.

Stay current with supply chain report news at The Supply Chain Report. For international trade resources, visit ADAMftd.com.

#RecycledPlastics #rPE #PlasticsMarket #ICIS #RecyclingIndustry #Sustainability #PackagingRegulations #PPWR #EconomicOutlook #CircularEconomy #PlasticWaste #SupplyChain

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.