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2024 APAC Recycled Plastics Midyear Outlook
Asia’s recycled plastics market faces a complex landscape, with uncertified recycled polyethylene (R-PE) struggling against economic headwinds and competition from virgin materials. Recycled polypropylene (R-PP) sees more stability, bolstered by demand in non-packaging sectors. Meanwhile, recycled polyethylene terephthalate (R-PET) enjoys stronger prospects, supported by sustainability commitments and regional regulations. Read on for more insights on how the rest of the year might pan out.
- Odds remain stacked against Asia non-certified R-PE cargoes
- Asia R-PP demand to gain support from non-packaging sectors
- Demand for premium Asia R-PET to further improve
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