Plastic Recycling Industry in Europe
The plastic industry is an important sector of the European economy. Plastic products are omni-present in our everyday life. They are an extensively used material in number of industries e.g.: automotive, electrical & electronic, building & construction, and food & beverage sector. Due to the distinctive properties of plastic as well as its growing innovation applications, the trend in production for this material will continue to grow.
There has been an increased rate of recovery for the European plastic industry since the 2008 crisis. There has been a prominent increase in turnover for the converting industry.
The plastic application sectors are relatively stable with the packaging sector remaining the largest, followed by building & construction, automotive, electrical & electronic equipment.
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