Two large manufacturers of recycled-plastic products – Unifi and Greystone Logistics – stayed on track late last year despite COVID-19 complications, financial filings show.
A confluence of RPET market disruptions in 2020 included low prime plastic pricing and supply challenges that led end users to seek feedstock from other sources. Still, experts maintain a surge of RPET demand is fast approaching.
In the U.S., the plastics recycling market has been largely dictated by pandemic-related collection and demand realities. Overseas, a recent Chinese move to restrict recycled plastic pellet imports is posing trade challenges.