Polyethylene Terephthalate (PET) used for Food and Beverage Food Packaging

Virgin Polyethylene Terephthalate (vPET) is now cheaper to buy than recycled PET (rPET) flakes, according to a October 17, 2019 Plastics in Packaging story, titled “Is rPET economically viable?” https://plasticsinpackaging.com/online/is-rpet-economically-viable/ - The story noted that the price increase sparks “… concerns that recycled plastics packaging may no longer be economically sustainable. According to research by S&P Global Platts … Flake prices have traditionally held a wide and fairly steady discount to the virgin market … 2019 saw virgin resin prices sink … [The S&P report] has forecast that the European rPET price will continue to hold at or above the virgin PET price next year … many market participants believe a triple-digit discount to the virgin price is necessary to make recycled flake prices competitive … the report has concluded that, despite the economics, the industry remains positive about complying with recycled contents legislation, driving sustainability initiatives and building on current recycling rates …” - Summarized by Jack Cooper of the Animal Digestible Food Packaging Initiative www.adfpi.org - JLC@adfpi.org - Text to 301 384 8287 #SingleUsePlastics #FoodPackaging #PlasticWaste #PlasticPackaging #MicroPlastic #NanoPlastic