Piggy bank and money - eu recycling industry

EU Plastics Recycling Industry Faces Economic Downturn

The European plastics recycling industry is faced with a significant recession. Challenges such as declining demand for European recyclates, reduced domestic investments, and an influx of imports with questionable recycled content claims, have placed immense strain on the sector. These pressures have driven many recycling companies to shut down in 2023, with more closures anticipated…