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Client Success Team (CRM),
The National Association for PET Container Resources (NAPCOR) has released its 2022 PET Recycling Report. The report found that PET recycling rates held steady with the US rate at 29% and the North American PET recycling rate at 37.8%. Demand for recycled PET (rPET) also remained strong in 2022, and a new milestone was reached with over 50% of end market consumption in the US and Canada in bottle markets for the first time.
“There is a growing demand for recycled content from manufacturers within both the food/beverage and non-food bottle categories,” said Laura Stewart, NAPCOR Executive Director. “This is continued evidence that packaging made from PET can be reused and repurposed and has a key role to play in the circular economy. Everyone involved, including manufacturers, consumers and packagers, needs to work together and make significant changes to ensure enough PET is collected and full circularity can be achieved.”
“It is encouraging to see strong demand for postconsumer recycled PET,” said Tom Busard, NAPCOR Chairman, Chief Polymers and Recycling Officer for Plastipak Packaging, Inc., and President of Clean Tech, Plastipak’s recycling affiliate. “To continue meeting this demand, there is a need to see increased collection to meet both legislated and voluntary recycled content demands of the future.”
[Referring to graphic] The PET recycling collection rate has remained steady, at around 30 percent over the past decade, while there is a growing demand for more postconsumer recycled content among North American end markets. To meet this increased demand, more PET packaging needs to be collected through new policies, changes in consumer habits, and better recycling infrastructure.
Other key findings from the analysis of PET reclamation and markets from the report:
In terms of PET thermoform innovation and recovery, the report shows:
“Our NAPCOR team goes above and beyond to ensure consumers understand recycling efforts and the impact it has on our planet,” says Stewart. “Our analyses of postconsumer PET bottles, the PET thermoform market, and supply chains for virgin and recycled PET detail important data needed to inform policy and industry developments toward PET circularity. Work done by the NAPCOR team to ensure sustainability and growth serves both our industry and our planet.”
The 28th PET Recycling Report represents the evolution of a key NAPCOR product, leveraged in their continual work to track and address the industry’s ongoing challenges. To access the 2022 PET Recycling Report, visit NAPCOR’s website at https://napcor.com/reports-resources/.
About NAPCOR
Founded in 1987, the National Association for PET Container Resources (NAPCOR) is the industry association for the polyethylene terephthalate (PET) plastic packaging industry in the United States, Canada, and Mexico. NAPCOR is dedicated to promoting the PET package; overcoming hurdles to the successful recycling of PET; and communicating the attributes of the PET container as a sustainable package.
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Anne Marie Mitchell
Reputation Partners
annemarie@reputationpartners.com
Source: businesswire.com
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