European PET bottle recycling rate reaches 40%

The European PET recycling organization found that PET collected in Europe last year reached 1.13 million tons. Among them, the number of PET used for fiber regeneration increased, but the market share fell from 52% to 47%; the market share of PET for plates increased to 24%; the share of PET used for blow molding also continued to increase to nearly 18% for The number of bundles also increased by 32% year-on-year. It is reported that the proportion of PET collected by Europe to the Far East remained at 14%, but the export tonnage increased significantly by 36%.

Industry sources estimate that this year's European machine recycling PET capacity is estimated at 1.2 million tons. The European Packaging and Packaging Waste Act requires that most member states should recycle at least 22.5% of their plastic packaging this year, and increase household plastic recycling or reuse to 50% by 2020.