The global plastic recycling market continues to grow rapidly, driven by environmental regulations, corporate sustainability commitments, and increasing consumer awareness. Here is our analysis of the key trends shaping the industry.

Market Growth Drivers

• Regulatory Pressure: The EU Plastic Pact and similar regulations worldwide are mandating higher recycled content in new products.
• Extended Producer Responsibility (EPR): More countries are implementing EPR schemes that hold producers accountable for packaging waste.
• Brand Commitments: Major brands have pledged to use 25-50% recycled content in their packaging by 2025-2030.
• Technology Advancement: Improved recycling technology is making it possible to process more types of plastic waste economically.

Emerging Opportunities

1. Food-Grade rPET: Demand for food-contact approved recycled PET is surging, with premium pricing.
2. Chemical Recycling: Advanced recycling technologies are opening up new possibilities for hard-to-recycle plastics.
3. Ocean Plastic: Processing ocean-bound and ocean plastic offers both environmental and branding benefits.
4. Circular Economy Models: Closed-loop recycling systems are becoming more common.

Our Perspective

At Beikelan Machinery, we are investing in R&D to develop more efficient and versatile recycling equipment that helps our customers capitalize on these market opportunities.