Plastic Recycling Industry in EU Faces Existential Crisis as Closures Mount
The European Union plastic recycling sector is teetering on the edge of collapse, hit hard by a combination of economic pressures, rising imports, and surging operational costs. With plant closures doubling in 2024 and continuing into 2025, thousands of green jobs are now at risk posing a significant challenge to the EU’s green transition strategy.
Sharp Decline in Production Despite €5 Billion Investment
Between 2020 and 2023, Plastics Recyclers Europe reports that the sector attracted €5 billion in investments aimed at meeting EU sustainability targets. Yet despite this significant funding, recycling rates have started to drop. The reasons: rising production costs, soaring energy bills, and growing competition from cheap, low-quality imported plastic much of it with questionable e...