As global virgin plastic production outpaces demand and utilization rate percentages linger in the low 70s, the next four years are expected to see downward pressure on the price of virgin plastics. Added to this, tariffs on U.S. plastics trade flows are likely to disrupt domestic supply chains, further complicating an already volatile market. In response, the plastics industry is...

This article appeared in the June 2024 issue of Resource Recycling. Subscribe today for access to all print content. In the last half of 2023 the U.S. Food and Drug Administration gave their “Letter of No Objection” to 14 companies in North America, Asia and Europe to use their recycled resin products for food-contact packaging. Yet to date there is no information...