On 4 March 2024; EU Council and European Parliament have struck a ground-breaking deal to enhance packaging sustainability and slash packaging waste across the EU.
This monumental agreement is set to reshape the chemical recycling landscape and propel us towards a more circular economy. Here are the 5 take-aways from this agreement:
Ambitious Recycling Targets: By 2030/2040, recycled content in plastic packaging will soar to 30-65%. This bold move not only fosters market growth for recycled materials but also boosts chemical recycling technologies.
Waste Reduction Wins: The deal introduces stringent measures to cut down packaging waste, including a max 50% empty space rule.
Re-use and Refill Revolution: With mandatory re-use targets for 2030 and goals for 2040, we're transitioning to a world where packaging is designed to last.
Boosting Collection via DRS: The implementation of Deposit Return Systems (DRS) by 2029 ensures a 90% collection rate for single-use bottles and cans, enhancing the quality of recyclable materials and providing a steady stream for chemical recycling.
Innovation Through Restrictions: New limits on certain single-use plastics will drive the demand for sustainable alternatives and advanced recycling solutions, spurring innovation and compliance with future-forward regulations.
🔦 Spotlight on Food/Pharma: The deal sets pioneering circularity targets for non-PET food/pharma packaging, demanding a leap from 10% recycled content by 2030 to 50% by 2040. This isn't just about recycling; it's about revolutionizing advanced recycling technologies and embedding circularity at the heart of the industry.
With plastic packaging market size reaching €370 billion in the EU alone, these initiatives are not just transformative; they're essential for sustainability and economic growth. Embrace this change and lead the way to a sustainable advanced recycling - Contact APChemi!
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