29 April 2013 16:28 [Source: ICIS news]
LODON (ICIS)--European demand for recycled polyethylene terephthalate (R-PET) from the bottle-to-bottle sector has grown by 15% in April 2013 year-on-year, according to market estimates on Monday.
“[April] was one of the best months we've had [on bottle-to-bottle demand], an increase of 15% in April... [It’s] a sign of the bottle guys coming into the market,” a food grade pellet producer said.
The growth is despite longer-than-average winter weather conditions. Typically fewer bottled drinks are consumed in colder temperatures.
This was attributed to rising adoption of recycled material among bottled-drink manufacturers because of sustainability targets and the reduced cost of carbon emissions credits when using R-PET.
“There's been a shift to beverage [players dominating R-PET consumption] as they're willing to pay a higher price for better quality,” a flake producer said.
($1 = €0.77)
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