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Sword Policy, which was implemented in March 2017 to help cut down on imported contaminated waste, has transformed the global plastic recycling industry. Where once China imported over 7m tonnes of plastic waste, it now imports nominal levels. As devel- oped countries grappled with the challenge of finding alternative export markets for their waste, new oppor- tunities arose for those willing to accept the waste import volumes China used to service. South East Asia became the new growth hub for plastics recycling seeing significant new capacity additions in recent years. However, as quickly as it came, it appears to be leaving, as South East Asian
countries introduce their own bans on waste imports, cutting off the supply of feedstock for recyclers. China remains the largest
producer of plastics recy- clate, accounting for almost 30% of global production in 2019 despite its significant supply/demand gap. Recent domestic policy for the widespread facilitation of municipal waste collection systems by 2025 is driving China’s self-sufficiency in feedstock generation and recyclate supply. AMI forecasts that China’s recyclate production will more than double by 2030, making it the fastest growing market in the world. Europe is the second
largest regional market for plastics recycling, account-
ing for almost a quarter of the global recyclate produc- tion and consumption in 2019. The European Union has the most advanced recy- cling industry, facilitated by its well-established collec- tion systems and legislative framework, advances in recycling technology and well-developed consumer attitudes towards environ- mental sustainability. Building on existing legislation, the European Commission’s European Strategy for Plastics in a Circular Economy and Single Use Plastics Directive are driving the industry forward. Targets for 2030 include quadrupling 2015 levels of recyclate produc- tion and achieving 30% recycled content in bottles.
With an absence of
federal recycling law, the plastics recycling market in the US is less developed than in Western Europe. Some recycling commit- ments by major consumer brands could fall by the wayside, particularly if government and consumer pressure is lacking. North East Asia is home to some of the most established waste collection infrastructure in the world, capturing large quantities of potential feedstock for recycling but much of its waste currently is inciner- ated for energy. The coronavirus pandem- ic has had a significant impact on both waste collection rates and demand for recyclates. Demand will
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