A new OECD report confirms what many in the industry already suspected: less than 10% of plastic is recycled globally. The number has barely moved in decades. That’s despite billions spent on recycling programs, public awareness campaigns, and corporate sustainability commitments.
Read MoreSustainability commitments are driving a surge in rPET usage across industries. The European Union now requires all PET beverage bottles to contain at least 25% recycled plastic by 2025. Meanwhile, major brands have set ambitious targets of incorporating up to 50% recycled plastic into their packaging.
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