Sales of Italian recycled plastic drop by 30% in 2023 – English

(ANSA) – ROME, NOV 9 – Sales of Italian recycled plastic are
set to drop by 30% in 2023 due to competition from cheaper
virgin plastic produced in Asia, the association of Italian
plastic recycling companies Assorimap said on Thursday.

   
The domestic plastic recycling industry has lost ground to
manufacturers of the virgin product due to a fall in oil prices
and business innovations, Assorimap president Walter Regis told
ANSA.

   
In Italy 60 companies operate in the plastic recycling industry,
employing a total of 3,000 people and with a total turnover of
over one billion euro. (ANSA).