Articles about the U.S. plastics recycling rate, as well as the country’s contributions to ocean litter, drew our readers’ attention last month. The increase is a result of the surging demand for bottled water. For plastics, the coronavirus impact has come alongside historic drops in oil prices, meaning virgin plastic could be significantly cheaper than recycled resin for the foreseeable future. The saved energy can help to create more recycled products. “We thought the conditions were challenging before all this; conditions for recyclers are now even more challenging,” said Morales of IHS Markit. Low virgin pricing means challenges for ensuring end users choose to use recycled plastic, particularly PET, Keel explained. The oil pricing plunge is the result of a decline in global oil demand due to the coronavirus as well as a surge in production following disagreements between major oil producing countries. He expects the selling conditions to remain on par with what they are today, he said. Our growing consumption of single-use plastic is evident in the form of ever-expanding landfills, as well as pollution on our sidewalks, along roadways and in natural ecosystems. Indeed. Additionally, recycled plastic pricing cannot fluctuate as easily as virgin pricing. Over the last few years, there has been a lot of emphasis on limiting the use of plastic and using recycled plastic for end use or make a … And recycled plastic pricing follows virgin trends. Additional pressure has come from tariffs on recycled materials and other goods, as well as ongoing strife in the freight market. Manufacturing of Hay Wise Feeders in Boise, Idaho. Live Science is part of Future US Inc, an international media group and leading digital publisher. Now, the coronavirus pandemic has added health and safety concerns, employment shortages and a general slowdown in manufacturing. Virgin Plastic, Recycled Plastic, and Everything In Between. Each year, 29 billion plastic water bottles are produced for use in the United States, according to the Earth Policy Institute, an environmental organization in Washington, D.C. Manufacturing them requires the equivalent of 17 million barrels of crude oil, so rising oil and natural gas prices have only exacerbated the high price of virgin plastic. Using less resin per bottle could translate to a savings on raw materials of about $1.5 billion a year for the bottling industry. The plastics recycling sector was already facing difficulties on the supply side, and experts say there is not enough PET being collected to meet projected demand. “This is the time that I think will define the leaders in sustainability,” Butler said. “Single-use plastic has definitely got an injection near-term,” Morales said. Follow Life's Little Mysteries on Twitter @llmysteries. Visit our corporate site. The current market prices for virgin materials and recycled materials of important thermoplastic materials! Christopher Intagliata - Scienceline Virgin plastics prices (Europe) The monthly index calculation is based on the average monthly market prices of the materials, weighted according to western European consumption volumes. In 2005, seven and a half billion gallons of water flooded U.S. shelves – roughly equivalent to the average amount of water that flows over Niagara Falls in three hours. And recycled plastic pricing follows virgin trends. Plastic recycling refers to the process of recovering waste or scrap plastic and reprocessing the materials into functional and useful products. Butler said the entire recycling system, from collection through end-market demand, is feeling crunched. The collection, sorting and cleaning of material sent for recycling, as well as the cost of energy and equipment required is unconnected to the cost of virgin plastic, but contributes to the discrepancy in pricing between virgin and recycled plastic. Virgin/Recycled Ratio 8.4 3.0 3.5 Plastic Pellet Life Cycle Energy and Global Warming Potential, Virgin vs. which is better for company's to use. Even with the recent declines, recycled … Recycled plastics markets are going to be pressured by prime prices for at least the next two years, according to IHS Markit. Stay up to date on the coronavirus outbreak by signing up to our newsletter today. But exports to Canada are unlikely to be affected by the policy. PlasticsEurope reports that 7.7 million tons of plastics were recycled globally in 2014 That includes more than 3.5 million tons of post-industrial and post-consumer plastic scrap that were recycled in the United States, according to ISRI estimates. Polywood, a manufacturer of outdoor furniture made from recycled HDPE, will invest nearly $43 million to increase its Syracuse, Ind.