The latest research by the Wasteand Resources Action Program, funded by the British government, shows that the growth of the plastic recycling market has virtually promoted the development of a green economy.
The report highlights the development trend of the UK's waste plastics recycling market since 2007 and its classification and domestic processing capabilities. Problems with the legal norms of export markets and prices.
At the same time, it also revealed that the demand for food-grade recycled polymers in the UK has increased and sometimes it will not meet demand. This creates opportunities for investment in UK post-processing equipment. The waste and resource action plan also shows technologies for the production of renewable food-grade polymers, and can support investment by investors through "accelerated development."
More and more people are paying attention to the recycling of non-bottle household plastic packaging (commonly known as 'hybrid plastic'). The first batch of mixed plastic packaging processing equipment funded by the waste and resource action plan was officially launched in 2011.
The economic benefits of the recycling of mixed plastics in the UK have been significantly improved. The Waste and Resources Action Plan has stated in previous studies that the plastic recycling market has a potential value of £250-£500 million. Markusgarve, the head of market research and development, said, “The report of the Waste and Resources Action Plan shows that despite the fluctuations in market prices in the past two years, the overall situation of the plastics market is positive and the market is showing strong momentum.
“The potential for investment in plastic recycling equipment in the UK is great. However, the UK is still exporting large quantities of waste plastics. At present, the demand for high-quality recycled plastics in the market should be even greater for British manufacturers to create opportunities for developing green markets.
• The recycling rate of plastic bottles has exceeded 40%, and in the past two years, the processing of plastic bottles in the UK has also received wide investment from all walks of life.
At present, market attention has begun to invest in the collection and development of infrastructure to recycle recycled plastic packaging. At present, less than 5% of plastics are recycled. About 20% of local authorities have begun to operate the recycling of roadside mixed plastics, and it is expected that in the year 2011, Britain will see the first mixed plastic recycling facility in the UK.
• Some of the increase in non-packaging plastics recycling has come from regulatory agencies, but the push for the market is driven by the implementation of non-packaged quality agreements.